LOWELL, Mass., April 18, 2013 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (Nasdaq:EBTC), parent of Enterprise Bank, announces net income for the three months ended March 31, 2013 of $3.4 million, an increase of $260 thousand, or 8%, compared to the same three-month period in 2012. Diluted earnings per share were $0.35 for the three months ended March 31, 2013, an increase of $0.02, or 6%, compared to the same period in 2012. Total assets increased 2% in the first quarter of 2013, amounting to $1.69 billion at March 31, 2013. Loans outstanding increased 3%, which represents a rate of 13% on an annualized basis.
Enterprise Bancorp, Inc. Announces 94th Consecutive Profitable Quarter; 2013 First Quarter Net Income Of $3.4 Million; And Loan Growth Of $44.5 Million
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