Enterprise Bancorp Second Quarter 2024 Earnings: EPS: US$0.77 (vs US$0.79 in 2Q 2023)

Enterprise Bancorp (NASDAQ:EBTC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$41.7m (up 7.8% from 2Q 2023).
• Net income: US$9.51m (down 1.8% from 2Q 2023).
• Profit margin: 23% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.77 (down from US$0.79 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enterprise Bancorp shares are down 1.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Enterprise Bancorp's balance sheet.

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