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Stock impact report

Enterprise Bancorp, Inc. Announces Third Quarter Financial Results

Enterprise Bancorp Inc (EBTC) 
US:NASDAQ Investor Relations: enterprisebanking.com
Company Research Source: GlobeNewswire
LOWELL, Mass., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended September 30, 2024. Net income amounted to $10.0 million, or $0.80 per diluted common share, for the three months ended September 30, 2024 compared to $9.5 million, or $0.77 per diluted common share, for the three months ended June 30, 2024 and $9.7 million, or $0.79 per diluted common share, for the three months ended September 30, 2023. Selected financial results at or for the quarter ended September 30, 2024 compared to June 30, 2024 were as follows: The returns on average assets and average equity were 0.82% and 11.20%, respectively.Tax-equivalent net interest margin (non-GAAP) ("net interest margin") was 3.22%, an increase of 3 basis points.Total loans amounted to $3.86 billion, an increase of 2.4%.Total deposits amounted to $4.19 billion, a decrease of 1.4%.Wealth assets under management and admini Show less Read more
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