Enterprise Bank & Trust

Financial Highlights Report

Financial Highlights
2018 FQ3
9/30/2018
2017 FQ3
9/30/2017
Y-Y Ch (%)
2018 FQ2
6/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 5,517,539 5,231,488 5.47 5,509,924 0.55
Total Net Loans 4,223,982 3,993,878 5.76 4,232,779 (0.83)
Total Deposits 4,210,476 4,059,211 3.73 4,247,912 (3.53)
Equity Attributable to Parent Company 586,837 546,336 7.41 574,084 8.89
Total Equity 586,837 546,336 7.41 574,084 8.89
Profitability (%)
Net Income($000) 22,516 16,315 38.01 22,251 4.76
Net Income Attributable to Parent($000) 22,516 16,315 38.01 22,251 4.76
ROAA 1.65 1.28 37 bp 1.64 1 bp
Core ROAA 1.68 1.33 35 bp 1.68 0 bp
ROAE 15.35 11.79 356 bp 15.65 (30) bp
ROATCE 20.01 15.80 421 bp 20.63 (62) bp
Core ROAE 15.68 12.26 342 bp 16.01 (33) bp
Net Interest Margin 3.81 3.91 (10) bp 3.76 5 bp
Reported: Net Interest Margin 3.78 3.88 (10) bp 3.77 1 bp
Efficiency Ratio 51.66 48.49 317 bp 50.20 146 bp
Noninterest Inc/ Operating Rev 14.86 15.47 (61) bp 17.08 (222) bp
Balance Sheet Ratios (%)
Loans/ Deposits 101.35 99.30 205 bp 100.66 69 bp
Securities/ Assets 14.05 13.55 50 bp 13.72 33 bp
Total Equity/ Total Assets 10.64 10.44 20 bp 10.42 22 bp
Tangible Equity/ Tangible Assets 8.54 8.18 36 bp 8.30 24 bp
Tang Common Equity/ Tang Assets 8.54 8.18 36 bp 8.30 24 bp
Asset Quality (%)
NPAs/ Assets 0.29 0.18 11 bp 0.28 1 bp
NPA Excl Restructured/ Assets 0.28 0.17 11 bp 0.27 1 bp
NPAs & 90+ PD/ Assets 0.32 0.18 14 bp 0.35 (3) bp
NPAs/ Loans & REO 0.38 0.23 15 bp 0.36 2 bp
Nonaccrual & 90+ & OREO/ Assets 0.30 0.17 13 bp 0.34 (4) bp
NPAs & 90+ PD/ Loans & REO 0.41 0.23 18 bp 0.45 (4) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 3.46 2.06 140 bp 3.94 (48) bp
NCOs/ Avg Loans 0.23 0.08 15 bp 0.06 17 bp
Loan Loss Reserves/ Gross Loans 1.04 1.07 (3) bp 1.04 0 bp
Reserves/ NPAs 273.38 455.79 (18,241) bp 290.86 (1,748) bp
Loan Loss Provision/ NCO 92.48 301.62 (20,914) bp 60.84 3,164 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 479,231 423,667 13.12 461,964 14.95
Tier 1 Capital($000) 546,891 491,315 11.31 529,624 13.04
Tier 2 Capital($000) 94,611 93,616 1.06 94,795 (0.78)
Total Capital($000) 641,502 584,931 9.67 624,419 10.94
Total Risk-weighted Assets($000) 4,958,999 4,743,393 4.55 4,956,820 0.18
Tier 1 Common Capital (CET1) Ratio(%) 9.66 8.93 73 bp 9.32 34 bp
Tier 1 Ratio(%) 11.03 10.36 67 bp 10.68 35 bp
Total Capital Ratio(%) 12.94 12.33 61 bp 12.60 34 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.20 9.88 32 bp 9.99 21 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 23,091,666 23,063,141 0.12 23,144,081 (0.91)
Avg Diluted Shares(actual) 23,329,000 23,574,000 (1.04) 23,318,000 0.19
Basic Book Value per Share 25.41 23.69 7.26 24.80 9.84
Book Value per Share, As Reported 25.41 23.69 7.26 24.81 9.67
Basic Tangible Book Value per Share 19.94 18.09 10.23 19.31 13.05
Tangible Book Value per Share, As Reported 19.94 18.09 10.23 19.32 12.84
Common Dividends Declared per Share 0.12 0.11 9.09 0.11 36.36
EPS after Extra 0.97 0.69 40.58 0.95 8.42
EPS after Extra Growth(%) 40.60 16.90 2,363 bp 90 (4,942) bp
Core EPS 0.99 0.72 37.50 0.97 8.25
Core EPS Growth(%) 38.10 18.70 1,938 bp 48.70 (1,063) bp
Diluted EPS before Amortization 1 0.72 38.89 0.98 8.16
Pre-Provision Earnings per Share 0.90 0.74 21.62 0.93 (12.90)

   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.