LOWELL, Mass. (AP) — Enterprise Bancorp Inc. (EBTC) on Thursday reported second-quarter profit of $7.8 million.
The bank, based in Lowell, Massachusetts, said it had earnings of 66 cents per share.
The bank posted revenue of $38.3 million in the period. Its revenue net of interest expense was $32.8 million, surpassing Street forecasts.
Enterprise Bancorp shares have decreased nearly 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.31, a decrease of 23% in the last 12 months.