Company Profile
- Headquartered in Lowell, MA, Enterprise Bancorp, Inc. (NASDAQ: EBTC) (“the company” or “Enterprise”) is the $4.6 billion asset holding company for Enterprise Bank and Trust Company (“the bank”). Founded in 1989, EBTC operates a network of 27 branches in an economically stable region of the North Central region of Massachusetts and Southern New Hampshire.
- EBTC’s business model focuses on commercial banking with complementary retail banking and wealth management services (AUM/AUA of $1.4 billion as of 1Q24). Excluding two small branch acquisitions completed in 2000, EBTC’s growth has been organic, and centered on organic expansion primarily in suburban markets north of Boston.
- The company’s loan portfolio is commercially oriented, with nonowner-occupied CRE (including multi-family) representing 36% of total loans, followed by owner occupied CRE (including C&I) at 26%, C&D at 16%, and residential mortgage at 21% of total loans.