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Stock impact report

Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results [Yahoo! Finance]

Enterprise Bancorp Inc (EBTC) 
US:NASDAQ Investor Relations: enterprisebanking.com
Company Research Source: Yahoo! Finance
Net income amounted to $7.9 million, or $0.64 per diluted common share, for the three months ended December 31, 2023, compared to $12.3 million, or $1.01, for the three months ended December 31, 2022. Net income for the year ended December 31, 2023, amounted to $38.1 million, or $3.11 per diluted common share, compared to $42.7 million, or $3.52 per diluted common share, for the year ended December 31, 2022. Selected financial results at or for the three months ended December 31, 2023, were as follows: The return on average assets and average equity were 0.69% and 10.21%, respectively. Tax-equivalent net interest margin (non-GAAP) ("net interest margin") was 3.29%. Total loans increased 5% compared to September 30, 2023, and 12% compared to December 31, 2022. Total deposits decreased 2% compared to September 30, 2023, and 1% compared to December 31, 2022. Wealth assets under management and administration amounted to $1.3 billion and increased 10% compared to September 30, Show less Read more
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