Enterprise Bancorp, Inc. (EBTC) Reports Q3 EPS of $0.98

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Go back to Enterprise Bancorp, Inc. (EBTC) Reports Q3 EPS of $0.98

Enterprise Bancorp, Inc. Announces Third Quarter Financial Results

October 20, 2022 4:02 PM EDT

LOWELL, Mass., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended September 30, 2022, of $12.0 million, or $0.98 per diluted common share, compared to $9.8 million, or $0.81 per diluted common share, for the three months ended September 30, 2021.

Chief Executive Officer Jack Clancy commented, "Our third quarter operating results were very positive, highlighted by strong growth in net interest income during the period resulting primarily from strong loan and deposit growth of 15% (excluding PPP loans, non-GAAP) and 4%, respectively, over the last twelve months and from higher... More