Enterprise Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 24, 2019 at 09:00 pm
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Enterprise Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company’s total interest and dividend income was $32,464,000 against $28,285,000 a year ago. Net interest income was $28,190,000 against $26,006,000 a year ago. Net income was $6,500,000 against $2,720,000 a year ago. Basic earnings per share was $0.56 against $0.23 a year ago. Diluted earnings per share was $0.55 against $0.23 a year ago.
For the year, the company’ total interest and dividend income was $122,903,000 against $105,032,000 a year ago. Net interest income was $108,835,000 against $97,522,000 a year ago. Net income was $28,881,000 against $19,393,000 a year ago. Basic earnings per share was $2.47 against $1.68 a year ago. Diluted earnings per share was $2.46 against $1.66 a year ago.
Enterprise Bancorp, Inc. operates as the parent holding company of Enterprise Bank and Trust Company (the Bank). The Company is primarily engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities. It offers a range of commercial, residential and consumer loan products, deposit products and cash management services, as well as wealth management and wealth services. The Bank also offers various digital banking capabilities through online and mobile platforms. It specializes in lending to business entities, non-profit organizations, professional practices, and individuals. Its lending products include commercial real estate, commercial and industrial, and commercial construction loans; residential loans; home equity loans and lines of credit; consumer loans; and credit risk and allowance for credit losses. Its commercial real estate loans include loans secured by both owner and non-owner-occupied real estate.
ENTERPRISE BANCORP, INC. 
