Enterprise Bancorp Inc Mass Stock Price, News & Analysis

Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend of $0.205 per share on April 19, 2022. This dividend, representing a 10.8% increase over the previous year, will be paid on June 1, 2022, to shareholders of record by May 11, 2022. The company operates through Enterprise Bank and Trust Company and provides various banking services including commercial loans and wealth management. Additionally, a new branch is set to open in Londonderry, New Hampshire, in May 2022.

Enterprise Bancorp, Inc. (NASDAQ: EBTC) reported a net income of $10.8 million ($0.90 per diluted share) for Q4 2021, marking a 10% increase from Q4 2020. For the full year, net income rose to $42.2 million ($3.50 per diluted share), a 34% growth YoY. Significant factors included PPP income of $19.7 million, up from $10.7 million, and a reduction in the provision for credit losses to $1.8 million from $12.5 million. Customer deposits surged by 14% to $3.98 billion, while total assets reached $4.45 billion, an 11% increase. A quarterly dividend of $0.205 is scheduled for March 1, 2022.

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend of $0.205 per share on January 18, 2022. This marks a 10.8% increase compared to the 2021 dividend rate. The payment is scheduled for March 1, 2022, with a record date of February 8, 2022. The company operates mainly through Enterprise Bank, offering a variety of financial services including loans, deposits, and wealth management. With 26 branches in Massachusetts and New Hampshire, Enterprise Bank aims to expand with a new branch in Londonderry, New Hampshire, expected to open in the third quarter of 2022.

Enterprise Bancorp, Inc. (NASDAQ: EBTC) reported a net income of $9.8 million ($0.81 per diluted share) for Q3 2021, down from $10.3 million ($0.87) in Q3 2020. For the nine months ending September 30, 2021, net income rose to $31.3 million ($2.60 per diluted share) versus $21.6 million ($1.81) in the prior year. Key drivers included a $4.9 million contribution from PPP loan income and a reduction in credit loss provisions despite increased non-interest expenses. The company declared a quarterly dividend of $0.185 per share, payable December 1, 2021.

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend of $0.185 per share, set for payment on December 1, 2021. Shareholders of record by November 10, 2021 will be eligible for this dividend. The company, which operates primarily through Enterprise Bank and Trust Company, focuses on attracting deposits and investing in commercial loans and securities, offering various financial services across Massachusetts and New Hampshire. Enterprise Bank currently has 26 branches and plans to open a new branch in Londonderry, NH in early 2022.

Enterprise Bancorp, Inc. (NASDAQ: EBTC) reported a net income of $11.1 million, or $0.92 per diluted share, for Q2 2021, a significant increase from $7.3 million and $0.61 per share in Q2 2020. Year-to-date, net income reached $21.5 million, or $1.79 per share compared to $11.3 million or $0.95 per share in the same period last year. The gains were driven by reduced provisions for loan losses and increases in net interest income, particularly from PPP loans. A quarterly dividend of $0.185 per share has been declared, set for September 1, 2021.

On July 20, 2021, Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend of $0.185 per share. This dividend will be paid on September 1, 2021, to shareholders on record as of August 11, 2021. Enterprise Bancorp operates primarily through Enterprise Bank, focusing on attracting deposits and investing in commercial loans and securities. The company serves areas in Massachusetts and New Hampshire with 26 full-service branches and is planning to open a new branch in Londonderry, NH, in the second quarter of 2022.

Enterprise Bancorp, Inc. (NASDAQ: EBTC) reported Q1 2021 net income of $10.4 million, or $0.86 per diluted share, up from $4.0 million, or $0.34 per share in Q1 2020. The growth in net income was primarily driven by an increase in net interest income, which rose to $34.7 million, up 16% year-over-year. The company has actively participated in the Paycheck Protection Program (PPP), approving 4,080 loans totaling $710.3 million. Customer deposits increased by 8% to $3.74 billion, aided by PPP funds and government stimulus. However, total assets grew only modestly by 6% to $4.26 billion.

Enterprise Bancorp, Inc. (NASDAQ: EBTC) has announced a quarterly dividend of $0.185 per share, set for payment on June 1, 2021.

Shareholders must be on record by May 11, 2021 to receive this dividend. The company operates primarily through Enterprise Bank, which offers a diverse range of financial services including commercial loans, deposit products, and wealth management solutions. Enterprise Bank has a strong presence in the Greater Merrimack Valley, with 26 branches in Massachusetts and New Hampshire, and is planning to open a new branch in Londonderry, NH in early 2022.