Enterprise Bancorp Inc (EBTC) financial statements (2022 and earlier)

Company profile

Business Address 222 MERRIMACK ST
LOWELL, MA 01852
State of Incorp. MA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4382556465555051
Cash and cash equivalents4372546463555051
Short-term investments2101   
Prepaid expense0211110
Total current assets:4392576565565252
Noncurrent Assets
Operating lease, right-of-use asset241819
Property, plant and equipment45474538373431
Intangible assets, net (including goodwill)6666666
Goodwill6666666
Deferred income tax assets2011 
Total noncurrent assets:94827043433936
Other undisclosed assets3,9153,6753,1002,8562,7192,4352,198
TOTAL ASSETS:4,4484,0143,2352,9642,8182,5262,286
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    5011
Total current liabilities:    5011
Noncurrent Liabilities
Other undisclosed liabilities4,1013,6802,9382,7092,5362,3112,105
Total liabilities:4,1013,6802,9382,7092,5862,3112,105
Stockholders' equity
Stockholders' equity attributable to parent347334297255232215180
Common stock0000000
Additional paid in capital100979491888561
Accumulated other comprehensive income (loss)52211(1)0(1)2
Retained earnings242215192165143130117
Total stockholders' equity:347334297255232215180
TOTAL LIABILITIES AND EQUITY:4,4484,0143,2352,9642,8182,5262,286

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues135133124112978679
Net investment income134131124112978678
Cost of revenue(2)(12)(1)(2)(1)(3)(3)
Provision for loan, lease, and other losses(2)(12)(1)(2)
Financial services costs(1)(3)(3)
Gross profit:133120123110968375
Operating expenses(26)(23)(22)(15)(62)(57)(53)
Other operating income, net
(Noninterest Income, Other Operating Income)
3332322
Operating income:11010010498372925
Nonoperating income2111122
Investment income, nonoperating    112
Gains on sales of other real estate1      
Bank owned life insurance income1111111
Interest and debt expense(8)(15)(21)(14)(8)(6)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (44)(39)(47)532
Income from continuing operations before equity method investments, income taxes:104424538362824
Other undisclosed loss from continuing operations before income taxes(48)      
Income from continuing operations before income taxes:56424538362824
Income tax expense(14)(10)(10)(9)(16)(9)(8)
Net income available to common stockholders, diluted:42313429191916

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:42313429191916
Other comprehensive income (loss)(18)1212(2)1(3)(1)
Comprehensive income, net of tax, attributable to parent:25434627201615

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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