Enterprise Bancorp reports Q3 EPS 80c vs 79c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Source: Business Insider
Q3 Financial Performance: Enterprise Bancorp reported a net interest income of $38M for Q3, reflecting a slight decrease due to higher deposit and borrowing interest expenses, despite an increase in loan interest income. The net interest margin improved to 3.22%.
Strategic Outlook: CEO Steven Larochelle emphasized the company's commitment to geographic expansion and customer acquisition, supported by a strong balance sheet and a focus on organic growth and investment in technology and team members.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
