Detail akcie Enterprise Bncp online

Business Summary: Enterprise Bancorp, Inc. operates as the parent holding company of Enterprise Bank and Trust Company (the Bank). The Company is primarily engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities. It offers a range of commercial, residential and consumer loan products, deposit products and cash management services, as well as wealth management and wealth services. The Bank also offers various digital banking capabilities through online and mobile platforms. It specializes in lending to business entities, non-profit organizations, professional practices, and individuals. Its lending products include commercial real estate, commercial and industrial, and commercial construction loans; residential loans; home equity loans and lines of credit; consumer loans; and credit risk and allowance for credit losses. Its commercial real estate loans include loans secured by both owner and non-owner-occupied real estate.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Enterprise Bancorp Inc interest income increased 15% to $54M. Net interest income after loan loss provision decreased 7% to $34.6M. Net income decreased 21% to $8.5M. Net interest income after loan loss provision reflects Investment securities decrease of 20% to $4M, Other interest-earning assets decrease of 47% to $1.2M. Net income also reflects Deposits increase from $6M to $17.3M (expense).