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Enterprise National Bank Nj

Enterprise National Bank NJ (ENBN) is a publicly traded company listed on the US stock exchange. The company provides various banking services to individuals, businesses, and communities in New Jersey. It offers checking accounts, savings accounts, loans, credit cards, and other financial products. Here's an overview of ENBN's financials, growth, and earnings:

1. Financials:

As of December 31, 2022, ENBN had total assets of approximately $1.47 billion. The company's net loans totaled $931.8 million, and its deposits amounted to $1.16 billion. Its capital ratios are strong, with a Tier 1 leverage ratio of 10.33% and a total risk-based capital ratio of 13.59%.

2. Earnings:

In the third quarter of 2023, ENBN reported net income of $3.1 million, a 27.4% increase from the previous year. Its return on average assets (ROAA) was 1.28%, and its return on average equity (ROAE) was 11.66%. The company's efficiency ratio was 55.69%, indicating that every dollar of revenue generated 55.69% of expenses.

3. Growth:

ENBN has experienced steady growth in recent years. In the third quarter of 2023, the company's net loans increased by 6.7% year over year, and its deposits grew by 10.7% over the same period. Its net interest income has also increased consistently, growing by 11.4% in the third quarter of 2023 compared to the previous year.

4. Dividend:

ENBN pays a quarterly cash dividend to its shareholders. In November 2022, the company declared a dividend of $0.09 per share, which represents a 2.51% dividend yield on an annualized basis.

5. Valuation:

As of March 14, 2023, ENBN's stock price was $22.84 per share. Its price-to-earnings ratio (P/E) was 13.26, which indicates that investors are willing to pay $13.26 for every dollar of earnings. The company's price-to-book ratio (P/B) was 1.30, which means investors are willing to pay $1.30 for every dollar of book value.

In summary, Enterprise National Bank NJ (ENBN) is a financially strong company with a steady growth trajectory. Its strong capital ratios and impressive earnings performance indicate a healthy financial position. However, investors looking for dividend income might find the current dividend yield relatively low. As always, it's important to do your own research and assess the company's future prospects before making any investment decisions.