LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Thursday reported fourth-quarter earnings of $9.9 million.

The Lowell, Massachusetts-based bank said it had earnings of 82 cents per share.

The bank posted revenue of $41.7 million in the period. Its revenue net of interest expense was $38.9 million, topping Street forecasts.

For the year, the company reported profit of $31.5 million, or $2.64 per share. Revenue was reported as $147.4 million.

Enterprise Bancorp shares have risen slightly more than 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.87, a drop of 21% in the last 12 months.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News