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Stock impact report

Enterprise Bancorp, Inc. Announces Second Quarter 2018 Net Income of $7.6 Million

Enterprise Bancorp Inc (EBTC) 
US:NASDAQ Investor Relations: enterprisebanking.com
Company Research Source: GlobeNewswire
LOWELL, Mass., July 19, 2018 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC), parent of Enterprise Bank, announced net income for the three months ended June 30, 2018 of $7.6 million, an increase of $2.0 million, or 35%, compared to the same three-month period in 2017.  Diluted earnings per share were $0.64 for the three months ended June 30, 2018, as compared to $0.48 for the same three-month period in 2017, an increase of 33%.  Net income for the six months ended June 30, 2018 amounted to $14.4 million, an increase of $3.2 million, or 29%, compared to the same six-month period in 2017.  Diluted earnings per share were $1.23 for the six months ended June 30, 2018, as compared to $0.96 for the same six-month period in 2017, an increase of 28%. As previously announced on July 17, 2018, the Company declared a quarterly dividend of $0.145 per share to be paid on September 4, 2018 to shareholders of record as of August 13, 2018.  The 2018 dividend rate re Show less Read more
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