ENTERPRISE BANCORP INC /MA/ EBTC Income Statement

Enterprise bancorp inc /ma/ (EBTC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Loans and loans held for sale
123,764	122,082	120,277	117,448	114,556	111,090	107,801	104,584	100,338	96,559	92,555	89,129	86,880	85,390	83,787	82,106	80,245	77,946	76,275	74,724	73,260	71,854	70,660	69,530	68,476	67,673	66,565	65,785	65,360	64,945	64,958	64,712	64,051	63,363	62,249	61,525	0	0	0
Investment securities
13,397	13,135	12,678	12,142	11,463	10,728	9,979	9,254	8,612	8,045	7,821	7,433	7,020	6,640	6,241	5,989	5,661	5,346	5,125	4,879	4,707	4,504	4,158	3,850	3,593	3,381	3,338	3,348	3,389	3,378	3,327	3,318	3,384	3,539	3,675	3,908	0	0	0
Other interest-earning assets
1,597	1,891	1,955	1,820	1,410	1,085	944	583	489	428	398	358	314	285	231	197	191	179	168	135	114	115	112	102	91	68	54	60	73	82	86	72	70	67	0	0	0	-	-
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total interest and dividend income
138,758	137,108	134,910	131,410	127,429	122,903	118,724	114,421	109,439	105,032	100,774	96,920	94,214	92,315	90,259	88,292	86,097	83,471	81,568	79,738	78,081	76,473	74,930	73,482	72,160	71,122	69,957	69,193	68,822	68,405	68,371	68,102	67,505	66,969	65,996	65,508	0	0	0
Interest expense:
Deposits
19,640	19,941	19,146	17,685	15,230	12,760	10,648	8,460	7,003	5,995	5,306	4,935	4,654	4,514	4,360	4,244	4,164	4,068	4,030	4,013	4,019	4,028	4,046	4,054	4,025	4,058	4,174	4,389	4,761	5,264	5,836	6,466	7,001	7,379	7,801	8,167	0	0	0
Borrowed funds
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowed funds
-	-	366	336	-	383	500	663	821	590	424	257	79	81	85	93	80	38	37	30	37	38	37	40	72	96	105	111	84	54	62	72	81	87	103	131	0	0	0
Subordinated debt
928	925	925	925	925	925	925	925	925	925	925	926	925	928	929	927	930	1,071	1,131	1,193	1,255	1,177	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,177	1,177	1,177	1,177	1,177	1,177	1,177	1,177	1,177	1,178	0	0	0
Total interest expense
21,089	21,251	20,437	18,946	16,525	14,068	12,073	10,048	8,749	7,510	6,655	6,118	5,658	5,523	5,374	5,264	5,174	5,177	5,198	5,236	5,311	5,243	5,260	5,271	5,274	5,331	5,456	5,677	6,022	6,495	7,075	7,715	8,259	8,643	9,081	9,476	0	0	0
Net interest income
117,669	115,857	114,473	112,464	110,904	108,835	106,651	104,373	100,690	97,522	94,119	90,802	88,556	86,792	84,885	83,028	80,923	78,294	76,370	74,502	72,770	71,230	69,670	68,211	66,886	65,791	64,501	63,516	62,800	61,910	61,296	60,387	59,246	58,326	56,915	56,032	0	0	0
Provision for loan losses
7,727	1,180	1,180	905	250	2,250	2,450	2,925	2,905	1,430	2,120	2,281	2,268	2,993	3,670	2,534	3,492	3,267	2,330	2,845	1,820	1,395	2,544	2,362	2,696	3,279	2,500	2,717	3,233	2,750	3,393	4,433	4,575	5,197	5,229	4,422	0	0	0
Net interest income after provision for loan losses
109,942	114,677	113,293	111,559	110,654	106,585	104,201	101,448	97,785	96,092	91,999	88,521	86,288	83,799	81,215	80,494	77,431	75,027	74,040	71,657	70,950	69,835	67,126	65,849	64,190	62,512	62,001	60,799	59,567	59,160	57,903	55,954	54,671	53,129	51,686	51,610	0	0	0
Non-interest income:
Wealth management fees
5,635	5,494	5,487	5,468	5,515	5,624	5,560	5,483	5,332	5,149	4,984	4,835	4,895	4,774	4,775	4,795	4,677	4,750	4,735	4,755	4,691	4,618	4,573	4,473	4,373	4,285	4,121	3,944	3,833	3,838	3,764	3,758	3,793	3,728	3,724	3,684	0	0	0
Deposit and interchange fees
6,997	6,870	6,667	6,429	6,309	6,234	6,230	6,205	6,160	6,011	5,723	5,468	5,222	5,124	5,094	5,029	4,967	4,879	4,884	4,945	4,992	5,036	4,997	4,958	4,878	4,788	4,737	4,661	4,587	4,500	4,438	4,418	0	-	0	0	-	-	-
Deposit service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income on bank-owned life insurance, net
629	638	649	658	666	672	679	686	693	701	710	718	732	747	759	734	644	553	458	400	405	413	426	438	451	459	468	479	488	506	523	533	542	548	579	613	0	0	0
Net gains (losses) on sales of debt securities
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net gains on sales of investment securities
-	-	-	-2,805	-	-	-	-52	177	-	676	1,506	1,340	802	1,076	537	930	1,828	2,152	2,360	2,031	1,619	1,038	906	1,247	1,239	1,070	1,025	669	236	241	689	838	791	1,023	0	0	-	0
Net gains on sales of loans
580	469	325	233	212	260	280	321	411	460	568	678	645	601	511	402	425	492	496	542	489	406	347	383	530	792	1,048	1,088	1,084	989	953	861	707	687	611	595	0	0	0
Other income
2,593	2,702	2,410	2,359	2,285	2,150	2,458	2,482	2,558	2,637	2,561	2,521	2,535	2,393	2,601	2,555	2,505	2,465	2,311	2,390	2,370	2,340	2,334	2,185	2,153	2,229	2,180	2,244	2,179	2,106	1,975	1,836	1,842	1,750	1,637	1,646	0	0	0
Total non-interest income
16,681	16,319	12,767	12,342	12,035	11,990	15,405	15,125	15,331	15,674	15,222	15,726	15,369	14,441	14,816	14,052	14,148	14,967	15,036	15,392	14,978	14,432	13,715	13,343	13,632	13,792	13,624	13,441	12,840	12,175	11,862	12,087	12,158	11,942	11,651	11,298	0	0	0
Non-interest expense:
Salaries and employee benefits
57,397	56,059	54,945	53,589	52,815	51,442	50,353	49,504	48,029	48,613	48,089	46,860	46,093	43,886	42,809	42,116	41,189	40,285	40,111	39,310	38,536	38,029	36,156	35,250	34,577	33,551	33,747	33,389	32,579	32,034	30,930	29,917	29,198	28,671	27,978	27,477	0	0	0
Occupancy and equipment expenses
8,381	8,417	8,564	8,640	8,581	8,526	8,387	8,270	8,178	7,960	7,786	7,652	7,488	7,362	7,277	7,193	7,161	7,308	7,118	6,931	6,779	6,515	6,408	6,269	6,160	6,035	5,942	5,893	5,835	5,678	5,582	5,528	5,450	5,485	5,449	5,435	0	0	0
Technology and telecommunications expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology and telecommunications expenses
-	-	6,912	6,617	-	-	6,343	6,376	6,343	-	6,321	6,297	6,239	6,080	6,035	5,886	5,716	5,710	5,546	5,366	5,322	5,167	5,050	4,887	4,756	4,647	4,559	4,596	4,470	4,316	4,191	4,028	3,912	3,886	3,732	3,783	0	0	0
Advertising and public relations expenses
2,902	2,962	2,825	2,925	3,167	3,182	2,970	3,037	2,722	2,621	2,759	2,753	2,773	2,833	2,626	2,676	2,668	2,719	3,176	3,110	3,072	2,928	2,593	2,499	2,674	2,708	2,620	2,547	2,098	2,267	2,638	2,701	2,785	2,661	2,194	2,478	0	0	0
Audit, legal and other professional fees
2,221	2,039	1,753	1,660	1,641	1,725	1,868	1,814	1,709	1,565	1,538	1,566	1,627	1,721	1,593	1,748	1,755	1,657	1,526	1,415	1,525	1,515	1,772	1,758	1,677	1,742	1,633	1,530	1,606	1,675	1,696	1,691	1,566	1,393	1,283	1,280	0	0	0
Deposit insurance premiums
929	876	1,166	1,568	1,548	1,697	1,669	1,622	1,652	1,535	1,520	1,496	1,444	1,387	1,322	1,274	1,247	1,214	1,207	1,205	1,197	1,169	1,149	1,139	1,134	1,118	1,041	1,037	1,036	1,064	1,113	1,106	1,107	1,319	1,518	1,691	0	0	0
Supplies and postage expenses
994	971	973	977	981	989	1,007	1,019	998	999	963	956	969	965	980	965	959	988	1,013	1,044	1,047	1,053	1,024	999	994	967	985	985	931	925	905	885	895	882	830	819	0	0	0
Investment advisory and custodial expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	555	546	552	540	513	489	467	438	404	391	405	412	434	447	0	0	0
Other operating expenses
7,368	7,501	7,211	7,250	6,993	6,935	6,771	6,584	6,541	6,480	6,534	6,511	6,246	6,094	6,127	5,943	5,742	5,851	6,146	5,988	6,030	5,655	4,806	4,832	4,671	4,516	4,468	4,271	4,226	4,215	4,210	4,260	4,288	4,257	3,887	3,819	0	0	0
Total non-interest expense
88,244	86,415	84,349	83,226	82,281	80,878	79,368	78,226	76,172	76,145	75,510	74,091	72,879	70,328	68,532	67,666	66,391	65,732	65,671	64,238	63,416	62,031	59,513	58,179	57,195	55,824	55,508	54,737	53,248	52,612	51,669	50,507	49,606	48,966	47,305	47,229	0	0	0
Income before income taxes
38,379	44,581	41,711	40,675	40,408	37,697	40,238	38,347	36,944	35,621	31,711	30,156	28,778	27,912	27,499	26,880	25,188	24,262	23,405	22,811	22,512	22,236	21,328	21,013	20,627	20,480	20,117	19,503	19,159	18,723	18,096	17,534	17,223	16,105	16,032	15,679	0	0	0
Provision for income taxes
8,858	10,381	9,750	9,734	9,656	8,816	15,137	15,722	16,298	16,228	10,085	9,322	8,768	9,161	8,980	8,783	8,347	8,114	7,978	7,845	7,747	7,585	7,193	7,176	7,025	6,951	6,838	6,694	6,524	6,348	6,097	5,661	5,570	5,161	5,217	5,198	0	0	0
Net income
29,521	34,200	31,961	30,941	30,752	28,881	25,101	22,625	20,646	19,393	21,626	20,834	20,010	18,751	18,519	18,097	16,841	16,148	15,427	14,966	14,765	14,651	14,135	13,837	13,602	13,529	13,279	12,809	12,635	12,375	0	0	0	-	-	-	0	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Basic earnings per share
0.34	0.74	0.76	0.66	0.74	0.55	0.68	0.65	0.59	0.24	0.48	0.48	0.48	0.44	0.41	0.45	0.41	0.46	0.41	0.34	0.35	0.39	0.38	0.33	0.35	0.35	0.36	0.31	0.35	0.34	0.32	0.30	0.33	0.30	0.31	0.29	0.26	0.30	0.28
Diluted earnings per share
0.34	0.73	0.76	0.66	0.74	0.56	0.68	0.64	0.58	0.23	0.47	0.48	0.48	0.43	0.41	0.45	0.41	0.45	0.41	0.34	0.35	0.40	0.37	0.32	0.35	0.35	0.35	0.31	0.35	0.33	0.32	0.30	0.33	0.31	0.31	0.28	0.26	0.30	0.28
Basic weighted average common shares outstanding
11,841	11,820	11,808	11,798	11,730	11,704	11,697	11,687	11,628	11,603	11,589	11,572	11,508	11,468	11,430	10,561	10,405	10,368	10,349	10,331	10,243	10,177	10,143	10,124	10,030	9,978	9,932	9,825	9,715	9,645	9,613	9,588	9,499	9,457	9,429	9,401	9,318	9,246	9,219
Diluted weighted average common shares outstanding
11,877	11,857	11,843	11,834	11,783	11,765	11,770	11,764	11,700	11,686	11,669	11,652	11,598	11,557	11,498	10,629	10,471	10,440	10,414	10,394	10,310	10,284	10,228	10,204	10,119	10,095	10,026	9,889	9,790	9,726	9,692	9,655	9,568	9,465	9,463	9,497	9,356	9,250	9,223