LOWELL, Mass. (AP) — Enterprise Bancorp Inc. (EBTC) on Thursday reported fourth-quarter earnings of $8.7 million.
The Lowell, Massachusetts-based bank said it had earnings of 74 cents per share.
The bank posted revenue of $39 million in the period. Its revenue net of interest expense was $33.9 million, exceeding Street forecasts.
For the year, the company reported profit of $34.2 million, or $2.89 per share. Revenue was reported as $132.2 million.
Enterprise Bancorp shares have decreased 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.10, a rise of slightly more than 1% in the last 12 months.