Financial Services - Banks - Regional - NASDAQ - US
$ 36.65
-1.24 %
$ 456 M
Market Cap
12.64
P/E
Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company also provides commercial real estate, commercial and industrial, commercial construction, residential, and consumer loans, as well as home equity loans and lines of credit. In addition, the company offers cash management services; wealth advisory and management services that include customized investment management and trust services to individuals, family groups, commercial businesses, trusts, foundations, non-profit organizations, and endowments; brokerage and management services to individual investors; insurance services; and voice, online, and mobile banking services.[ Read More ]
The intrinsic value of one EBTC stock under the base case scenario is HIDDEN Compared to the current market price of 36.6 USD, Enterprise Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart EBTC
FINANCIALS
161 M
REVENUE
51.2 M
OPERATING INCOME
38.1 M
NET INCOME
57.3 M
OPERATING CASH FLOW
-222 M
INVESTING CASH FLOW
-45.7 M
FINANCING CASH FLOW
44.2 M
REVENUE
14.9 M
OPERATING INCOME
9.99 M
NET INCOME
12.8 M
OPERATING CASH FLOW
-60.1 M
INVESTING CASH FLOW
-63.8 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Enterprise Bancorp, Inc.
| Current Assets | 2.09 M |
| Cash & Short-Term Investments | 2.09 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 4.4 B |
| Long-Term Investments | 668 M |
| PP&E | 69.8 M |
| Other Non-Current Assets | 3.66 B |
| Current Liabilities | 0 |
| Accounts Payable | 4.68 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | -4.68 M |
| Non-Current Liabilities | 4.14 B |
| Long-Term Debt | 89.7 M |
| Other Non-Current Liabilities | 4.05 B |
EFFICIENCY
Earnings Waterfall
Enterprise Bancorp, Inc.
| Revenue | 161 M |
| Cost Of Revenue | 0 |
| Gross Profit | 161 M |
| Operating Expenses | 171 M |
| Operating Income | 51.2 M |
| Other Expenses | 13.2 M |
| Net Income | 38.1 M |
RATIOS
100.00%
GROSS MARGIN
31.74%
OPERATING MARGIN
23.57%
NET MARGIN
11.56%
ROE
9.76%
ROA
9.65%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Enterprise Bancorp, Inc.
| Net Income | 38.1 M |
| Depreciation & Amortization | 6.19 M |
| Capital Expenditures | -6.02 M |
| Stock-Based Compensation | 2.27 M |
| Change in Working Capital | 1.1 M |
| Others | 10.6 M |
| Free Cash Flow | 51.3 M |
Wall Street Analysts Price Targets
Enterprise Bancorp, Inc.
EBTC has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.65%
DIVIDEND YIELD
0.24 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Enterprise Bancorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
3.03 M USD 1
9-12 MONTHS
25.5 USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
83.2 K USD 2
6-9 MONTHS
46.5 K USD 2
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
8 months ago
Mar 01, 2024
|
Bought 9.8 K USD
|
PUTZIGER MICHAEL T
Director |
+ 357
|
27.44 USD |
|
8 months ago
Mar 01, 2024
|
Bought 38.4 K USD
|
PUTZIGER MICHAEL T
Director |
+ 1398
|
27.47 USD |
|
9 months ago
Feb 06, 2024
|
Sell 25.5 USD
|
PUTZIGER MICHAEL T
Director |
- 0.8851
|
28.77 USD |
|
8 months ago
Feb 28, 2024
|
Bought 35 K USD
|
Lussier Joseph R
EVP & CFO |
+ 1320
|
26.49 USD |
|
8 months ago
Feb 27, 2024
|
Sell 3.03 M USD
|
ANSIN KEN S
Director |
- 120000
|
25.25 USD |
|
1 year ago
Jul 18, 2023
|
Sell 24.8 USD
|
Moloney Jacqueline F
Director |
- 0.8837
|
28.06 USD |
|
11 months ago
Dec 15, 2023
|
Bought 1.2 K USD
|
BARONI GINO J
Director |
+ 40
|
30.09 USD |
|
11 months ago
Dec 01, 2023
|
Bought 36 K USD
|
PUTZIGER MICHAEL T
Director |
+ 1286
|
27.99 USD |
|
11 months ago
Dec 01, 2023
|
Bought 9.32 K USD
|
PUTZIGER MICHAEL T
Director |
+ 336
|
27.73 USD |
|
1 year ago
Sep 01, 2023
|
Bought 36.3 K USD
|
PUTZIGER MICHAEL T
Director |
+ 1228
|
29.58 USD |
|
1 year ago
Sep 01, 2023
|
Bought 9.25 K USD
|
PUTZIGER MICHAEL T
Director |
+ 315
|
29.38 USD |
|
1 year ago
Jun 01, 2023
|
Bought 36 K USD
|
PUTZIGER MICHAEL T
Director |
+ 1311
|
27.49 USD |
|
1 year ago
Jun 01, 2023
|
Bought 9.13 K USD
|
PUTZIGER MICHAEL T
Director |
+ 334
|
27.34 USD |
|
1 year ago
Mar 08, 2023
|
Sell 28 USD
|
PUTZIGER MICHAEL T
Director |
- 0.7968
|
35.2 USD |
|
1 year ago
May 16, 2023
|
Bought 30.2 K USD
|
BARONI GINO J
Director |
+ 1090
|
27.67 USD |
|
1 year ago
May 04, 2023
|
Bought 13.2 K USD
|
ANSIN KEN S
Director |
+ 500
|
26.3434 USD |
|
1 year ago
May 04, 2023
|
Bought 13.2 K USD
|
ANSIN KEN S
Director |
+ 500
|
26.311 USD |
|
1 year ago
May 04, 2023
|
Bought 13.2 K USD
|
ANSIN KEN S
Director |
+ 500
|
26.416 USD |
|
1 year ago
May 04, 2023
|
Bought 13.2 K USD
|
ANSIN KEN S
Director |
+ 500
|
26.4055 USD |
|
1 year ago
Mar 01, 2023
|
Bought 35.6 K USD
|
PUTZIGER MICHAEL T
Director |
+ 1000
|
35.58 USD |
|
1 year ago
Mar 01, 2023
|
Bought 9.18 K USD
|
PUTZIGER MICHAEL T
Director |
+ 258
|
35.58 USD |
|
2 years ago
Oct 26, 2022
|
Bought 24 K USD
|
KING MARY JANE
Director |
+ 800
|
29.98 USD |
|
2 years ago
Oct 26, 2022
|
Bought 24 K USD
|
KING MARY JANE
Director |
+ 800
|
29.98 USD |
|
2 years ago
Oct 26, 2022
|
Bought 24 K USD
|
KING MARY JANE
Director |
+ 800
|
29.98 USD |
|
1 year ago
Dec 01, 2022
|
Bought 31.7 K USD
|
PUTZIGER MICHAEL T
Director |
+ 907
|
34.97 USD |
|
1 year ago
Dec 01, 2022
|
Bought 8.14 K USD
|
PUTZIGER MICHAEL T
Director |
+ 234
|
34.79 USD |
|
1 year ago
Nov 22, 2022
|
Sell 137 K USD
|
DUNCAN GEORGE L
Chairman |
- 4000
|
34.23 USD |
|
2 years ago
Nov 03, 2022
|
Sell 46.5 K USD
|
IRISH STEPHEN J
EVP - Principal Subsidiary |
- 1500
|
31 USD |
|
2 years ago
Oct 27, 2022
|
Sell 12.4 K USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 400
|
31 USD |
|
2 years ago
Oct 28, 2022
|
Sell 9.3 K USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 300
|
31 USD |
|
2 years ago
Sep 01, 2022
|
Bought 1.52 K USD
|
PEDROSO LUIS M
director: |
+ 47
|
32.43 USD |
|
2 years ago
Sep 01, 2022
|
Bought 31.2 K USD
|
PUTZIGER MICHAEL T
director: |
+ 961
|
32.43 USD |
|
2 years ago
Sep 01, 2022
|
Bought 8.04 K USD
|
PUTZIGER MICHAEL T
Director |
+ 248
|
32.43 USD |
|
2 years ago
Jun 01, 2022
|
Bought 1.42 K USD
|
PEDROSO LUIS M
director: |
+ 40
|
35.62 USD |
|
2 years ago
Jun 01, 2022
|
Bought 31.8 K USD
|
PUTZIGER MICHAEL T
director: |
+ 893
|
35.62 USD |
|
2 years ago
Jun 01, 2022
|
Bought 8.23 K USD
|
PUTZIGER MICHAEL T
Director |
+ 231
|
35.62 USD |
|
2 years ago
Mar 01, 2022
|
Bought 31.4 K USD
|
PUTZIGER MICHAEL T
Director |
+ 776
|
40.41 USD |
|
2 years ago
Mar 01, 2022
|
Bought 8.08 K USD
|
PUTZIGER MICHAEL T
director: |
+ 200
|
40.41 USD |
|
2 years ago
Mar 01, 2022
|
Bought 1.41 K USD
|
PEDROSO LUIS M
Director |
+ 35
|
40.41 USD |
|
2 years ago
Mar 01, 2022
|
Bought 1.54 K USD
|
PEDROSO LUIS M
Director |
+ 38
|
40.41 USD |
|
2 years ago
Feb 15, 2022
|
Sell 5.35 K USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 133
|
40.25 USD |
|
2 years ago
Feb 11, 2022
|
Sell 40.2 USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 1
|
40.25 USD |
|
2 years ago
Feb 14, 2022
|
Sell 1.33 K USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 33
|
40.25 USD |
|
2 years ago
Feb 08, 2022
|
Sell 3.86 K USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 96
|
40.25 USD |
|
2 years ago
Feb 09, 2022
|
Sell 1.49 K USD
|
DUNN RYAN C
EVP-Principal Subsidiary |
- 37
|
40.25 USD |
|
3 years ago
Apr 15, 2021
|
Sell 13.1 USD
|
BARONI GINO J
Director |
- 0.3903
|
33.64 USD |
|
2 years ago
Dec 01, 2021
|
Bought 6.75 K USD
|
PUTZIGER MICHAEL T
Director |
+ 168
|
40.2 USD |
|
2 years ago
Dec 01, 2021
|
Bought 29.6 K USD
|
PUTZIGER MICHAEL T
Director |
+ 743
|
39.86 USD |
|
2 years ago
Dec 02, 2021
|
Bought 1.35 K USD
|
PEDROSO LUIS M
Director |
+ 34
|
39.75 USD |
|
2 years ago
Dec 01, 2021
|
Bought 1.17 K USD
|
PEDROSO LUIS M
Director |
+ 29
|
40.2 USD |
|
3 years ago
Nov 09, 2021
|
Sell 20.1 K USD
|
SILVA DIANE J
EVP - Principal Subsidiary |
- 500
|
40.21 USD |
|
3 years ago
Sep 08, 2021
|
Bought 27.3 K USD
|
PUTZIGER MICHAEL T
Director |
+ 820
|
33.3144 USD |
|
3 years ago
Jun 01, 2021
|
Bought 1.22 K USD
|
PEDROSO LUIS M
Director |
+ 35
|
34.9177 USD |
|
3 years ago
Jun 01, 2021
|
Bought 1.33 K USD
|
PEDROSO LUIS M
Director |
+ 38
|
34.9177 USD |
|
3 years ago
Jun 01, 2021
|
Bought 7.16 K USD
|
PUTZIGER MICHAEL T
Director |
+ 205
|
34.9177 USD |
|
3 years ago
May 18, 2021
|
Sell 70 K USD
|
ANSIN KEN S
Director |
- 2075
|
33.74 USD |
|
3 years ago
May 19, 2021
|
Sell 33.9 K USD
|
ANSIN KEN S
Director |
- 1020
|
33.27 USD |
|
3 years ago
May 13, 2021
|
Sell 64.8 K USD
|
ANSIN KEN S
Director |
- 1900
|
34.12 USD |
|
3 years ago
May 14, 2021
|
Sell 83.7 K USD
|
ANSIN KEN S
Director |
- 2452
|
34.14 USD |
|
3 years ago
May 17, 2021
|
Sell 24 K USD
|
ANSIN KEN S
Director |
- 700
|
34.26 USD |
|
3 years ago
May 10, 2021
|
Sell 42.6 K USD
|
ANSIN KEN S
Director |
- 1200
|
35.49 USD |
|
3 years ago
May 11, 2021
|
Sell 33.9 K USD
|
ANSIN KEN S
Director |
- 979
|
34.62 USD |
|
3 years ago
May 12, 2021
|
Sell 40.3 K USD
|
ANSIN KEN S
Director |
- 1200
|
33.59 USD |
|
3 years ago
May 05, 2021
|
Sell 29.5 K USD
|
ANSIN KEN S
Director |
- 824
|
35.75 USD |
|
3 years ago
May 05, 2021
|
Sell 18 K USD
|
ANSIN KEN S
Director |
- 500
|
35.92 USD |
|
3 years ago
May 06, 2021
|
Sell 56.5 K USD
|
ANSIN KEN S
Director |
- 1586
|
35.65 USD |
|
3 years ago
May 07, 2021
|
Sell 92.6 K USD
|
ANSIN KEN S
Director |
- 2588
|
35.78 USD |
|
3 years ago
Mar 16, 2021
|
Sell 49 K USD
|
SOUCIE KEITH N
EVP-Principal Subsidiary |
- 1464.9879
|
33.42 USD |
|
3 years ago
Mar 18, 2021
|
Sell 22.8 K USD
|
ANSIN KEN S
Director |
- 700
|
32.585 USD |
|
3 years ago
Mar 19, 2021
|
Sell 122 K USD
|
ANSIN KEN S
Director |
- 3831
|
31.944 USD |
|
8 years ago
Jun 21, 2016
|
Bought 45.3 K USD
|
BARONI GINO J
Director |
+ 2108
|
21.5 USD |
|
3 years ago
Mar 01, 2021
|
Bought 7.08 K USD
|
PUTZIGER MICHAEL T
Director |
+ 234
|
30.2369 USD |
|
3 years ago
Mar 01, 2021
|
Bought 1.22 K USD
|
PEDROSO LUIS M
Director |
+ 40
|
30.51 USD |
|
3 years ago
Mar 01, 2021
|
Bought 1.33 K USD
|
PEDROSO LUIS M
Director |
+ 44
|
30.2369 USD |
|
4 years ago
Apr 07, 2020
|
Sell 3.35 USD
|
BARONI GINO J
Director |
- 0.1371
|
24.4 USD |
|
3 years ago
Dec 01, 2020
|
Bought 2.41 K USD
|
PEDROSO LUIS M
Director |
+ 91
|
26.47 USD |
|
3 years ago
Dec 01, 2020
|
Bought 6.67 K USD
|
PUTZIGER MICHAEL T
Director |
+ 252
|
26.47 USD |
|
4 years ago
Sep 11, 2020
|
Bought 24.1 K USD
|
PEDROSO LUIS M
Director |
+ 1148
|
21 USD |
|
4 years ago
Sep 10, 2020
|
Bought 43 K USD
|
KOUTSOS JOHN A
Director |
+ 2000
|
21.5 USD |
|
4 years ago
Sep 01, 2020
|
Bought 2.2 K USD
|
PEDROSO LUIS M
Director |
+ 99
|
22.24 USD |
|
4 years ago
Sep 01, 2020
|
Bought 6.65 K USD
|
PUTZIGER MICHAEL T
Director |
+ 299
|
22.24 USD |
|
4 years ago
Jun 01, 2020
|
Bought 6.74 K USD
|
PUTZIGER MICHAEL T
Director |
+ 278
|
24.25 USD |
|
4 years ago
Jun 01, 2020
|
Bought 2.23 K USD
|
PEDROSO LUIS M
Director |
+ 92
|
24.25 USD |
|
4 years ago
Mar 03, 2020
|
Bought 6.46 K USD
|
PUTZIGER MICHAEL T
Director |
+ 235
|
27.5 USD |
|
4 years ago
Mar 03, 2020
|
Bought 908 USD
|
PEDROSO LUIS M
Director |
+ 33
|
27.5 USD |
|
4 years ago
Mar 03, 2020
|
Bought 1.21 K USD
|
PEDROSO LUIS M
Director |
+ 44
|
27.5 USD |
|
4 years ago
Feb 28, 2020
|
Bought 27.6 K USD
|
ANSIN KEN S
Director |
+ 1000
|
27.613 USD |
|
4 years ago
Jan 16, 2020
|
Sell 3.28 K USD
|
BARONI GINO J
Director |
- 100
|
32.794 USD |
|
4 years ago
Jan 28, 2020
|
Bought 54.8 K USD
|
Rayno Peter
EVP - Principal Subsidiary |
+ 1650
|
33.19 USD |
7. News
Enterprise Bancorp, Inc. Announces Third Quarter Financial Results
LOWELL, Mass., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended September 30, 2024. Net income amounted to $10.0 million, or $0.80 per diluted common share, for the three months ended September 30, 2024 compared to $9.5 million, or $0.77 per diluted common share, for the three months ended June 30, 2024 and $9.7 million, or $0.79 per diluted common share, for the three months ended September 30, 2023.
globenewswire.com
- 3 weeks ago
Enterprise Bancorp, Inc. Announces Quarterly Dividend
LOWELL, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC) On October 15, 2024, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.24 per share to be paid on December 2, 2024, to shareholders of record as of November 11, 2024.
globenewswire.com
- 1 month ago
Enterprise Bancorp Still Has Upside, Despite Its Recent Rally
Enterprise Bancorp remains a buy thanks to its attractive valuation, resilient business model, and expected recovery in net interest margins as interest rates decrease. The Fed's anticipated interest rate reductions will likely boost EBTC's earnings per share, potentially driving the stock price up by 34% over the next two years. The bank's consistent loan growth and high insider ownership underscore its disciplined management and reliability, having remained profitable for 139 consecutive quarters.
seekingalpha.com
- 1 month ago
Enterprise Bancorp, Inc. Announces Second Quarter Financial Results
LOWELL, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended June 30, 2024. Net income amounted to $9.5 million, or $0.77 per diluted common share, for the three months ended June 30, 2024 compared to $8.5 million, or $0.69 per diluted common share, for the three months ended March 31, 2024 and $9.7 million, or $0.79 per diluted common share, for the three months ended June 30, 2023.
globenewswire.com
- 3 months ago
Enterprise Bank Appoints David Lynch as Managing Director and Chief Investment Officer, of Enterprise Wealth Management
LOWELL, Mass., July 17, 2024 (GLOBE NEWSWIRE) -- Enterprise Bank announced the recent appointment of industry veteran David Lynch as Managing Director and Chief Investment Officer, of Enterprise Wealth Management. In his new role, Lynch will oversee the entire wealth management division and help set the team's strategic direction.
globenewswire.com
- 4 months ago
Enterprise Bancorp, Inc. Announces Quarterly Dividend
LOWELL, Mass., July 16, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC) On July 16, 2024, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.24 per share to be paid on September 3, 2024, to shareholders of record as of August 13, 2024.
globenewswire.com
- 4 months ago
Enterprise Bank Announces CEO Retirement and Successor Appointment
LOWELL, Mass., June 07, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC) and Enterprise Bank today announced the retirement of Chief Executive Officer John “Jack” P. Clancy Jr., a position he has held since 2007. Mr. Clancy, named an honorary director of the company by its Board of Directors, will serve as an executive advisor. Succeeding him as CEO is Steven R. Larochelle, Chief Banking Officer of Enterprise Bank.
globenewswire.com
- 5 months ago
Enterprise Bancorp, Inc. Announces First Quarter Financial Results
LOWELL, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended March 31, 2024. Net income amounted to $8.5 million, or $0.69 per diluted common share, for the three months ended March 31, 2024, compared to $7.9 million, or $0.64 per diluted share, for the three months ended December 31, 2023 and $10.8 million, or $0.88 per diluted share, for the three months ended March 31, 2023.
globenewswire.com
- 6 months ago
Enterprise Bancorp, Inc. Announces Quarterly Dividend
LOWELL, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC) On April 16, 2024, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.24 per share to be paid on June 3, 2024, to shareholders of record as of May 13, 2024.
globenewswire.com
- 7 months ago
Enterprise Bancorp: A Great Stock For Lower Interest Rates
Enterprise Bancorp has been unjustly punished in the sell-off of regional banks and is trading at a nearly 10-year low valuation. The bank has a resilient business model and has remained profitable for 137 consecutive quarters. The decrease in interest rates and the market shifting its focus on the bank's fundamentals are likely to benefit EBTC in the future.
seekingalpha.com
- 9 months ago
Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results
LOWELL, Mass., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months and year ended December 31, 2023. Net income amounted to $7.9 million, or $0.64 per diluted common share, for the three months ended December 31, 2023, compared to $12.3 million, or $1.01, for the three months ended December 31, 2022. Net income for the year ended December 31, 2023, amounted to $38.1 million, or $3.11 per diluted common share, compared to $42.7 million, or $3.52 per diluted common share, for the year ended December 31, 2022.
globenewswire.com
- 9 months ago
8. Profile Summary
Enterprise Bancorp, Inc. EBTC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 456 M
Dividend Yield
0.65%
Description
Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company also provides commercial real estate, commercial and industrial, commercial construction, residential, and consumer loans, as well as home equity loans and lines of credit. In addition, the company offers cash management services; wealth advisory and management services that include customized investment management and trust services to individuals, family groups, commercial businesses, trusts, foundations, non-profit organizations, and endowments; brokerage and management services to individual investors; insurance services; and voice, online, and mobile banking services. As of January 27, 2022, it had 26 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell, Methuen, North Andover, Tewksbury, Tyngsborough, and Westford; and in the New Hampshire communities of Derry, Hudson, Nashua, Pelham, Salem, and Windham. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.
Contact
222 Merrimack Street, Lowell, MA, 01852
https://www.enterprisebanking.com
IPO Date
Feb. 14, 2005
Employees
570
Officers
Ms. Susan Callery Rossini
Senior Financial Advisor & Senior Vice President of Enterprise Wealth Management
Mr. George L. Duncan
Founder & Executive Chairman of the Board
Mr. Stephen J. Irish CFP, CPA
EVice President of Enterprise Bank and Trust Co., MD-Wealth Management & Chief Operating Officer of Enterprise Bank and Trust Co.
Mr. Steven R. Larochelle
Chief Executive Officer & Director
Mr. David S. Lynch CFA
MD & Chief Investment Officer of Enterprise Wealth Management
Mr. Richard W. Main
President & Director
Mr. Joseph R. Lussier
Executive Vice President, Chief Financial Officer & Treasurer
Mr. John A. Koutsos
Secretary & Independent Director
Philip S. Nyman Esq.
General Counsel
Mr. Robert R. Gilman
EVice President of Admin - Enterprise Bank & Trust Co. and Commercial Lender of Enterprise Bank & Trust Co.