Enterprise Bancorp Inc (EBTC) Reports Decline in Quarterly Net Income Amidst Rising Interest Rates [Yahoo! Finance]
Enterprise Bancorp Inc (EBTC)
US:NASDAQ Investor Relations:
enterprisebanking.com
Company Research
Source: Yahoo! Finance
Net Interest Margin : Q4 net interest margin decreased to 3.29% from 3.81% in the same quarter last year. Loan Growth : Total loans increased by 12% compared to December 31, 2022. Deposit Dynamics : Total deposits saw a 1% decrease year-over-year. Wealth Management : Wealth assets under management and administration grew by 21% compared to the previous year. Warning! GuruFocus has detected 1 Warning Sign with EBTC. On January 25, 2024, Enterprise Bancorp Inc ( NASDAQ:EBTC ) released its 8-K filing , detailing the financial results for the fourth quarter and the full year ended December 31, 2023. The company, which operates primarily through Enterprise Bank and Trust Company, reported a decrease in net income for the quarter, attributing the decline to higher interest rates and an inverted yield curve which led to margin compression. Financial Performance and Challenges EBTC's net income for the fourth quarter amounted to $7.9 million, or $0.64 per diluted common share,
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News
- Enterprise Bancorp First Quarter 2024 Earnings: EPS: US$0.69 (vs US$0.89 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Enterprise Bancorp (NASDAQ:EBTC) Is Paying Out A Dividend Of $0.24 [Yahoo! Finance]Yahoo! Finance
- Enterprise Bancorp, Inc. Announces First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- Enterprise Bancorp, Inc. Announces First Quarter Financial ResultsGlobeNewswire
- Enterprise Bancorp, Inc. Announces Quarterly DividendGlobeNewswire
EBTC
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- EBTC's page on the SEC website