U.S. Markets open in 4 hrs 21 mins

Enterprise Bancorp: 4Q Earnings Snapshot

LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Thursday reported fourth-quarter net income of $6.5 million.

The bank, based in Lowell, Massachusetts, said it had earnings of 55 cents per share.

The bank posted revenue of $33.2 million in the period. Its revenue net of interest expense was $28.9 million, which topped Street forecasts.

For the year, the company reported profit of $28.9 million, or $2.46 per share. Revenue was reported as $120.8 million.

Enterprise Bancorp shares have decreased roughly 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.31, a fall of 10 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