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Enterprise Bancorp posts 4Q profit

LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Thursday reported fourth-quarter net income of $5 million.

The bank, based in Lowell, Massachusetts, said it had earnings of 43 cents per share.

The bank posted revenue of $27.7 million in the period. Its adjusted revenue was $26.3 million.

For the year, the company reported profit of $18.8 million, or $1.70 per share. Revenue was reported as $101.2 million.

Enterprise Bancorp shares have dropped almost 3 percent since the beginning of the year. The stock has climbed 80 percent in the last 12 months.

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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

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Keywords: Enterprise Bancorp, Earnings Report