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Income Statement
Balance Sheet
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Op Efficiency
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ENTERPRISE BANCORP INC (EBTC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  135.9133.2131.1122.1111.196.685.477.9
        Interest income on investments  19.015.113.313.110.78.06.65.3
       160.9149.0144.8137.1122.9105.092.383.5
    Interest expense:  
        Interest on deposits  5.73.911.619.912.86.04.54.1
        Interest on borrowings  0.10.10.60.40.4   
       9.17.514.721.314.17.55.55.2
Net interest income  151.8141.6130.1115.9108.897.586.878.3
Provision for loan losses      2.31.43.03.3
Net interest income after provision for loan losses  151.8141.6130.1115.9106.696.183.875.0
        Gain on sale of investments, net        0.81.8
        Other non-interest income  18.518.117.216.312.015.713.613.1
Total non-interest income  18.518.117.216.312.015.714.415.0
Non-interest expenses  108.3102.193.386.480.976.170.365.7
Pre-tax income before non-recurring items  58.255.841.644.637.735.627.924.3
Non-recurring items  2.0       
Pre-tax income  56.155.841.644.637.735.627.924.3
Income taxes  13.413.610.210.48.816.29.28.1
            Tax rate  23.9%24.4%24.4%23.3%23.4%45.6%32.8%33.4%
Net income  42.742.231.534.228.919.418.816.1
            Net margin  25.1%26.4%21.3%25.9%24.4%17.4%19.1%17.9%
   
Basic EPS  $3.53$3.51$2.64$2.90$2.47$1.68$1.71$1.56
Diluted EPS  $3.52$3.50$2.64$2.89$2.46$1.66$1.70$1.55
   
Shares outstanding (basic)  12.112.011.911.811.711.611.010.3
Shares outstanding (diluted)  12.112.111.911.811.811.711.010.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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