From Financial Services Corp:

Enterprise Bank & Trust has a long standing history of serving as a trusted financial services partner for our clients and our communities. In doing so, we’ve maintained a focus on disciplined, prudent and proactive capital and liquidity management and credit origination and administration. We are committed to maintaining this discipline and focus.

We are in a strong financial position, as evidenced by our strong 2022 fiscal year results, which include: 

• • 1.52% return on average assets
  • 8.4% tangible common equity to tangible assets ratio
    • After tax, net unrealized losses on the held-to-maturity portfolio represent $61 million, or 48 basis points of tangible common equity
  • 14.2% total capital ratio
  • Non-performing assets to total assets ratio of 0.08%
  • Allowance for credit losses to total loans of 1.41% (1.56% excluding loans guaranteed by the SBA)
  • Investment securities as a proportion of assets remain generally consistent with 2019 levels

Enterprise’s client base is diverse and does not rely on one specific segment. Enterprise does not engage in venture capital banking or cryptocurrency banking. As a commercial bank, our primary focuses are in banking clients within the manufacturing, distribution, and professional services industries, with our largest industry segments including finance and insurance, accommodation and food services, real estate/property management, and healthcare. Enterprise has grown responsibly with a diverse client base within our geographically diverse core markets, along with a stable consumer base.