Enterprise Bancorp

Enterprise Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Enterprise Bank. It offers personal and business banking which consists of business and personal checking accounts, personal and business savings accounts, mortgages loans, personal loans, and cash management solutions. The company was founded by George L. Duncan in 1996 and is headquartered in Lowell, MA.

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Despite its rally in the last six months, EBTC remains undervalued. EBTC is a well-managed bank, which has remained profitable for 126 consecutive quarters.

Despite Its Rally, Enterprise Bancorp Remains Undervalued

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Enterprise Bancorp has a commercial real estate-focused portfolio. I was expecting a poor performance in 2020, but the bank performed remarkably well.

Enterprise Bancorp: Focusing On Commercial Real Estate Is Still Paying Off

LOWELL, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the year ended December 31, 2020 of $31.5 million, or $2.64 per diluted share, compared to $34.2 million, or $2.89 per diluted share, for the year ended December 31, 2019. Net income for the three months ended December 31, 2020 amounted to $9.9 million, or $0.82 per diluted share, compared to $8.7 million, or $0.74 per diluted share, for the three months ended December 31, 2019.

Enterprise Bancorp, Inc. Announces 2020 Financial Results

The financial sector has underperformed the broad market by a wide margin over the last 12 months due to the pandemic, which has caused material loan losses to most banks.

Enterprise Bancorp: A High-Quality Bank That Is Deeply Undervalued

LOWELL, Mass., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended September 30, 2020 of $10.3 million, or $0.87 per diluted share, compared to $9.0 million, or $0.76 per diluted share, for the three months ended September 30, 2019. Net income for the nine months ended September 30, 2020 amounted to $21.6 million, or $1.81 per diluted share, compared to $25.5 million, or $2.15 per diluted share, for the nine months ended September 30, 2019.

Enterprise Bancorp, Inc. Announces Third Quarter 2020 Financial Results

LOWELL, Mass., July  27, 2020  (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended June 30, 2020 of $7.3 million, or $0.61 per diluted share, compared to $7.8 million, or $0.66 per diluted share, for the three months ended June 30, 2019. Net income for the six months ended June 30, 2020 amounted to $11.3 million, or $0.95 per diluted share, compared to $16.5 million, or $1.39 per diluted share, for the six months ended June 30, 2019.

Enterprise Bancorp, Inc. Announces Second Quarter 2020 Net Income of $7.3 Million

LOWELL, Mass., July  07, 2020  (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the “Company”) (NASDAQ: EBTC), the holding company for Enterprise Bank and Trust Company (the “Bank”), today announced the completion of its private placement with registration rights of $60.0 million in fixed-to-floating rate subordinated notes due 2030 (the “Notes”). The Notes bear a fixed rate of 5.25% for the first five years and will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 517.5 basis points. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after July 15, 2025, or at any time, in whole but not in part, upon certain other specified events.

Enterprise Bancorp, Inc. Completes Private Placement of $60.0 Million of Subordinated Notes

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 for Lowell, Massachusetts based Enterprise Bancorp, Inc. (NASDAQ: EBTC). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for its subsidiary, Enterprise Bank and Trust Company. The Outlook for all long-term rating

KBRA Assigns Ratings to Enterprise Bancorp, Inc.

LOWELL, Mass., April  20, 2020  (GLOBE NEWSWIRE) -- On April 20, 2020, the Board of Directors of Enterprise Bancorp, Inc. (the “Company”) (NASDAQ:EBTC) announced that, in light of emergency legislation recently passed by the General Court of the Commonwealth of Massachusetts and signed into law by Governor Charlie Baker on April 3, 2020 temporarily permitting Massachusetts public corporations to hold meetings of stockholders solely by means of remote communication due to the ongoing public health impact of the coronavirus (COVID-19) pandemic, the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held solely through means of remote communication.  Stockholders will not be able to attend the Annual Meeting in person.  The previously announced date and time of the Annual Meeting (Tuesday, May 5, 2020 at 4:00 p.m., Eastern Time) have not changed.

Enterprise Bancorp, Inc. Announces 2020 Annual Meeting of Stockholders Will Be Held Solely Through Remote Communication

LOWELL, Mass., Oct.  17, 2019  (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company" or "Enterprise") (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended September 30, 2019 of $9.0 million, an increase of $1.0 million, or 13%, compared to the three months ended September 30, 2018.  Diluted earnings per share were $0.76 for the three months ended September 30, 2019, an increase of 12%, compared to $0.68 for the three months ended September 30, 2018.  Net income for the nine months ended September 30, 2019 amounted to $25.5 million, an increase of $3.1 million, or 14%, compared to the nine months ended September 30, 2018.  Diluted earnings per share were $2.15 for the nine months ended September 30, 2019, an increase of 13%, compared to $1.91 for the nine months ended September 30, 2018.

Enterprise Bancorp, Inc. Announces Third Quarter 2019 Net Income of $9.0 Million

LOWELL, Mass., Oct.  15, 2019  (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC):

Enterprise Bancorp, Inc.  Announces Quarterly Dividend

News for Enterprise Bancorp Stock (EBTC)