LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Monday reported second-quarter profit of $7.3 million.
The Lowell, Massachusetts-based bank said it had earnings of 61 cents per share.
The bank posted revenue of $40.2 million in the period. Its revenue net of interest expense was $36.5 million, topping Street forecasts.
Enterprise Bancorp shares have declined 36% since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.71, a drop of 23% in the last 12 months.