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Enterprise Bancorp: 1Q Earnings Snapshot

LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Thursday reported first-quarter net income of $8.7 million.

The bank, based in Lowell, Massachusetts, said it had earnings of 74 cents per share.

The bank posted revenue of $37.1 million in the period. Its revenue net of interest expense was $31.9 million, beating Street forecasts.

Enterprise Bancorp shares have declined slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.45, a decline of 18 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBTC at https://www.zacks.com/ap/EBTC