Enterprise Bancorp, Inc. (EBTC) Reports Q4 EPS of $1.01

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Go back to Enterprise Bancorp, Inc. (EBTC) Reports Q4 EPS of $1.01

Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results

January 26, 2023 5:15 PM EST

LOWELL, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended December 31, 2022, of $12.3 million, or $1.01 per diluted common share, compared to $10.8 million, or $0.90 per diluted common share, for the three months ended December 31, 2021. Net income for the year ended December 31, 2022, amounted to $42.7 million, or $3.52 per diluted common share, compared to $42.2 million, or $3.50 per diluted common share, for the year ended December 31, 2021.

Chief Executive Officer Jack Clancy commented, "Net income for the quarter increased 13% over the prior... More