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Enterprise Bancorp, Inc. - EBTC STOCK NEWS

Welcome to our dedicated news page for Enterprise Bancorp (Ticker: EBTC), a resource for investors and traders seeking the latest updates and insights on Enterprise Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Enterprise Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Enterprise Bancorp's position in the market.

News
Enterprise Bancorp, Inc. Announces Quarterly Dividend
Rhea-AI Summary
Enterprise Bancorp, Inc. declared a quarterly dividend of $0.24 per share to be paid on June 3, 2024, to shareholders of record as of May 13, 2024. The company operates through Enterprise Bank and Trust Company, offering a range of financial services in Massachusetts and New Hampshire.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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dividends
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News
Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results
Rhea-AI Summary
Enterprise Bancorp, Inc. (EBTC) reported a net income of $7.9 million for the three months ended December 31, 2023, compared to $12.3 million for the same period in 2022. The net income for the year ended December 31, 2023, amounted to $38.1 million, a decrease from $42.7 million in 2022. Total loans increased by 5% compared to September 30, 2023, and 12% compared to December 31, 2022. However, total deposits decreased by 2% compared to September 30, 2023, and 1% compared to December 31, 2022. Wealth assets under management and administration grew by 10% compared to September 30, 2023, and 21% compared to December 31, 2022. Despite challenges in the banking industry, the company's CEO expressed gratitude for the support and highlighted the positive performance in loan growth and stability in net interest margin.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
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earnings
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News
Enterprise Bancorp, Inc. Announces Quarterly Dividend
Rhea-AI Summary
On January 16, 2024, Enterprise Bancorp, Inc. declared a quarterly dividend of $0.24 per share to be paid on March 1, 2024. The company conducts operations through Enterprise Bank and Trust Company, offering a range of commercial, residential, and consumer loan products, deposit products, cash management services, electronic and digital banking options, as well as wealth management, and trust services. The company's primary market area is in Massachusetts and New Hampshire.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
dividends
News
Enterprise Bancorp, Inc. Announces Third Quarter Financial Results
Rhea-AI Summary
Enterprise Bancorp, Inc. Announces Q3 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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earnings
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News
Enterprise Bancorp, Inc. Announces Quarterly Dividend
Rhea-AI Summary
Enterprise Bancorp, Inc. declares a quarterly dividend of $0.23 per share, representing a 12.2% increase over the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
dividends
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News
Enterprise Bancorp, Inc. Announces Second Quarter Financial Results
Rhea-AI Summary
Enterprise Bancorp, Inc. (NASDAQ: EBTC) announced its financial results for the three and six months ended June 30, 2023. The company reported net income of $9.7 million, or $0.79 per diluted common share, an increase of $1.5 million compared to the same period in 2022. Total loans and customer deposits also saw significant increases. The company's CEO, Jack Clancy, highlighted strong loan growth and initiatives to increase asset sensitivity and earnings, resulting in an annualized income enhancement of approximately $2.0 million to net interest income. Net interest income for the three months ended June 30, 2023, amounted to $38.1 million, an increase of $2.3 million, or 6%, compared to the three months ended June 30, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
earnings
News
Enterprise Bancorp, Inc. Announces Quarterly Dividend
Rhea-AI Summary
Enterprise Bancorp, Inc. declares a quarterly dividend of $0.23 per share, representing a 12.2% increase over the previous year. The dividend will be paid on September 1, 2023, to shareholders of record as of August 11, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
dividends
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News
KBRA Affirms Ratings for Enterprise Bancorp, Inc.
Rhea-AI Summary
KBRA affirms the ratings of Enterprise Bancorp, Inc. and its subsidiary bank, Enterprise Bank and Trust Company. The ratings are supported by the company's strong funding profile and low cost of deposits. The company's asset quality performance has been favorable and it has a resilient and above average net interest margin. However, there may be moderate net interest margin pressure moving forward. The company's regulatory capital measures are generally consistent, but continued growth in capital intensive assets may require stronger regulatory capital levels. A rating upgrade is not expected in the near term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
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Enterprise Bancorp, Inc. Announces First Quarter Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
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earnings
News
Enterprise Bancorp, Inc. Announces Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
dividends
Stock EBTC logo
Enterprise Bancorp, Inc.

Nasdaq:EBTC

EBTC Rankings

#3429 Ranked by Market Cap
#3263 Ranked by Stock Gains
#856 Ranked by Dividends

EBTC Stock Data

287.20M
9.38M
20.14%
31.2%
0.23%
Commercial Banking
Finance and Insurance
Link
United States
Lowell

About EBTC

enterprise bank was founded through the entrepreneurial vision of george l. duncan in 1988. we are headquartered in lowell, massachusetts, with branch locations throughout the merrimack valley and north central regions of massachusetts, as well as southern new hampshire. for over 25 years, enterprise bank has been supporting the financial needs of businesses, professionals, individuals and communities. as a leading, independent, community-focused bank, we recognize that by working together with our customers, we have a profound impact on the quality of life and the economic wellbeing of the communities in our area. at enterprise bank, building lasting and positive relationships with our customers is much more important than conducting transactions. our success is consistently measured by the success of our valued customers.