ENTERPRISE BANCORP INC /MA/
enterprisebanking.comWhat Do They Do?
Offers deposit accounts, commercial and residential loans, and wealth services to businesses and organizations, professionals, and individuals.
10-K for FY2024, filed Mar 7, 2025The Company principally is engaged in the business of gathering deposits from the general public and investing primarily in loans and…View ↗
The Company specializes in lending to business entities, non-profit organizations, professional practices, and individuals. The Company's…View ↗
Deposits have traditionally been the principal source of the Company's funds. Enterprise offers a broad selection of competitive commercial…View ↗
How Do They Make Money?
Earns interest, primarily from customer loans, and fees from wealth management, deposit accounts and electronic payments. Wealth fees for managing assets are earned monthly; referral and transaction charges are paid in the same month as the activity.
10-K for FY2024, filed Mar 7, 2025Interest and dividend income (primarily loan interest income from customers) are our primary sources of revenue and are outside of the…View ↗
The primary areas of income for the Company within the scope of ASC 606 are wealth management fees and deposit and interchange fees which…View ↗
Wealth management fees consist of income generated through our wealth management services. Wealth management income is generated primarily…View ↗
$230.3M
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10-K for FY2024, filed Mar 8, 2025
$230.3M ↗
Who Are Their Customers?
Businesses and organizations, professionals, and individuals use the bank for loans, deposits, cash management and wealth services through its branches and online and mobile banking.
10-K for FY2024, filed Mar 7, 2025The Company principally is engaged in the business of gathering deposits from the general public and investing primarily in loans and…View ↗
The Company specializes in lending to business entities, non-profit organizations, professional practices, and individuals. The Company's…View ↗
Deposits have traditionally been the principal source of the Company's funds. Enterprise offers a broad selection of competitive commercial…View ↗
In addition to traditional product access channels, various digital banking capabilities are delivered through the Bank's online website…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 17 cents of every revenue dollar as net income in FY2024 and turned 19 cents into free cash flow.
How Are They Changing?
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Jul 1, 2025
Enterprise and Enterprise Bank merged into Independent and Rockland Trust
Enterprise shareholders were entitled to receive 0.60 shares of Independent stock and $2.00 cash per share.
Sources
8-K, filed Jul 1, 2025
Upon the terms and conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Effective Time”) each share of…View ↗
Growing. Revenue grew 59% in 4 years, from $144.8M in FY2020 to $230.3M in FY2024, about 12% a year.
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