Enterprise bancorp inc /ma/ (EBTC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income:
Loans and loans held for sale

122,082

111,090

96,559

85,390

77,946

71,854

67,673

64,945

63,363

60,847

57,393

Investment securities

13,135

10,728

8,045

6,640

5,346

4,504

3,381

3,378

3,539

4,112

4,853

Other interest-earning assets

1,891

1,085

428

285

179

115

68

82

67

72

96

Total interest and dividend income

137,108

122,903

105,032

92,315

83,471

76,473

71,122

68,405

66,969

65,031

62,342

Interest expense:
Deposits

19,941

12,760

5,995

4,514

4,068

4,028

4,058

5,264

7,379

8,716

12,480

Borrowed funds

385

383

590

81

38

38

96

54

87

167

239

Subordinated debt

925

925

925

928

1,071

1,177

1,177

-

-

-

-

Junior subordinated debentures

-

-

-

-

-

-

-

1,177

1,177

1,177

1,177

Total interest expense

21,251

14,068

7,510

5,523

5,177

5,243

5,331

6,495

8,643

10,060

13,896

Net interest income

115,857

108,835

97,522

86,792

78,294

71,230

65,791

61,910

58,326

54,971

48,446

Provision for loan losses

1,180

2,250

1,430

2,993

3,267

1,395

3,279

2,750

5,197

5,137

4,846

Net interest income after provision for loan losses

114,677

106,585

96,092

83,799

75,027

69,835

62,512

59,160

53,129

49,834

43,600

Non-interest income:
Wealth management fees

5,494

5,624

5,149

4,774

4,750

4,618

4,285

3,838

3,728

3,424

2,825

Deposit and interchange fees

6,870

6,234

6,011

5,124

4,879

5,036

4,788

4,500

4,438

4,154

-

Deposit service fees

-

-

-

-

-

-

-

-

-

-

3,881

Income on bank-owned life insurance, net

638

672

701

747

553

413

459

506

548

562

630

Net gains (losses) on sales of debt securities

146

-2,950

-2,550

-

-

-

-

-

-

-

-

Net gains on sales of available for sale equity securities

0

0

3,266

-

-

-

-

-

-

-

-

Other-than-temporary impairment on investment securities

-

-

-

-

-

-

-

-

-

-

797

Net gains on sales of investment securities

-

-

-

802

1,828

1,619

1,239

236

791

875

1,487

Net gains on sales of loans

469

260

460

601

492

406

792

989

687

713

612

Other income

2,702

2,150

2,637

2,393

2,465

2,340

2,229

2,106

1,750

1,741

1,634

Total non-interest income

16,319

11,990

15,674

14,441

14,967

14,432

13,792

12,175

11,942

11,469

10,272

Non-interest expense:
Salaries and employee benefits

56,059

51,442

48,613

43,886

40,285

38,029

33,551

32,034

28,671

26,205

24,418

Occupancy and equipment expenses

8,417

8,526

7,960

7,362

7,308

6,515

6,035

5,678

5,485

5,146

5,221

Technology and telecommunications expenses

7,590

6,382

6,372

-

-

-

-

-

-

-

-

Technology and telecommunications expenses

-

-

-

6,080

5,710

5,167

4,647

4,316

3,886

3,692

3,133

Advertising and public relations expenses

2,962

3,182

2,621

2,833

2,719

2,928

2,708

2,267

2,661

2,204

1,941

Audit, legal and other professional fees

2,039

1,725

1,565

1,721

1,657

1,515

1,742

1,675

1,393

1,178

1,227

Deposit insurance premiums

876

1,697

1,535

1,387

1,214

1,169

1,118

1,064

1,319

1,874

2,161

Supplies and postage expenses

971

989

999

965

988

1,053

967

925

882

790

814

OREO fair value adjustment

-

-

-

-

-

-

-

-

-

500

-

OREO fair value adjustment

-

-

-

-

-

-

-

-

-

-

0

Investment advisory and custodial expenses

-

-

-

-

-

-

540

438

412

451

402

Other operating expenses

7,501

6,935

6,480

6,094

5,851

5,655

4,516

4,215

4,257

3,549

3,391

Total non-interest expense

86,415

80,878

76,145

70,328

65,732

62,031

55,824

52,612

48,966

45,589

42,708

Income before income taxes

44,581

37,697

35,621

27,912

24,262

22,236

20,480

18,723

16,105

15,714

11,164

Provision for income taxes

10,381

8,816

16,228

9,161

8,114

7,585

6,951

6,348

5,161

5,074

3,218

Net income

34,200

28,881

19,393

18,751

16,148

14,651

13,529

12,375

10,944

10,640

-

Net income

-

-

-

-

-

-

-

-

-

-

7,946

Basic earnings per share

2.90

2.47

1.68

1.71

1.56

1.45

1.37

1.29

1.16

1.15

0.96

Diluted earnings per share

2.89

2.46

1.66

1.70

1.55

1.44

1.36

1.28

1.16

1.15

0.96

Basic weighted average common shares outstanding

11,789

11,679

11,568

10,966

10,323

10,118

9,862

9,586

9,401

9,216

8,268

Diluted weighted average common shares outstanding

11,829

11,750

11,651

11,039

10,389

10,209

9,950

9,660

9,445

9,221

8,279