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Enterprise Bank and Trust Company

Lowell, MA · Cert 27408

FDIC · 27 branches

Q2 2025

$5.0BAssets
$4.1BLoans
$4.4BDeposits
$440.7MEquity
Loan mix
91%RE $2.8B9%C&I $0.3B0%Consumer $0.0BQ3 2023Q2 2025
Deposit mix
71%Interest-bearing $3.1B29%Noninterest $1.3BQ3 2023Q2 2025

Market Position · Boston-Cambridge-Newton, MA-NH · 2025 SOD (annual) · 0.7% share · #16 of 107 inst. · $3.6B of $536.6B

2.8% Middlesex
2.1% Essex
4.8% Rockingham
2.8% Hillsborough

Executive Summary

  • Earnings: ROA of 0.06%, down 79 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.56% of loans (+9 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 9.84%, down 10 bps from a year ago.
  • Funding: loans stand at 93.21% of deposits as of Q2 2025.

Return on Assets (YTD, annualized)

0.06%-79 bps YoY

Net Interest Margin (YTD, annualized)

3.26%+19 bps YoY

Efficiency Ratio (YTD, annualized)

93.30%+2,416 bps YoY

Tier 1 Leverage Ratio

9.84%-10 bps YoY

NIM

4.23%Q2 ’234.66%Q2 ’244.87%Q2 ’25-13%+6%

Non-interest income vs. expense

2.36%Q2 ’232.43%Q2 ’243.45%Q2 ’25+3%+51%

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets0.96%0.91%0.83%0.85%0.87%0.88%0.93%0.06%-79 bps
Return on Equity11.97%11.10%9.66%10.00%10.06%10.23%10.51%0.71%-930 bps
Net Interest Margin3.44%3.40%3.12%3.08%3.05%3.12%3.22%3.26%+19 bps
Efficiency Ratio61.15%62.47%70.27%69.14%68.05%67.54%66.39%93.30%+2,416 bps
Non-Interest Burden1.94%1.97%2.06%1.99%1.94%1.96%1.99%3.01%+102 bps
Growth
Asset Growth (YoY)-1.05%0.62%4.10%6.03%5.81%8.10%5.98%3.77%-226 bps
Loan Growth (YoY)9.48%12.18%13.13%12.64%13.40%11.65%10.83%8.00%-464 bps
Deposit Growth (YoY)-1.87%-1.44%2.25%4.31%3.19%5.29%4.74%2.66%-165 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.32%0.51%0.47%0.67%0.67%0.70%0.56%+9 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.00%0.01%-0.04%0.18%+18 bps
Allowance / Loans1.70%1.65%1.66%1.65%1.65%1.59%1.58%1.51%-13 bps
Allowance Coverage of NPLs5.0x5.2x3.3x3.5x2.5x2.4x2.2x2.7x-0.8x
Capital
Tier 1 Leverage Ratio9.87%10.01%10.13%9.94%9.88%10.14%10.19%9.84%-10 bps
Total Risk-Based Capital13.45%13.09%13.20%12.99%13.05%13.03%13.05%12.84%-15 bps
Equity / Assets8.01%8.68%8.50%8.31%9.01%8.68%9.08%8.90%+58 bps
Liquidity & Funding
Loans / Deposits83.82%89.65%88.99%88.60%92.11%95.07%94.17%93.21%+461 bps
Liquid Assets / Assets2.70%0.44%2.29%3.16%0.65%0.91%0.71%1.18%-198 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a