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Enterprise Bancorp posts 1Q profit

LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Thursday reported first-quarter earnings of $5.6 million.

The Lowell, Massachusetts-based bank said it had earnings of 48 cents per share.

The bank posted revenue of $28.5 million in the period. Its adjusted revenue was $27 million.

Enterprise Bancorp shares have dropped almost 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.71, a climb of 43 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


Keywords: Enterprise Bancorp, Earnings Report