Enterprise Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest and dividend income was $17,360,000 against $17,326,000 a year ago. Net interest income was $15,922,000 against $15,308,000 a year ago. Income before income taxes was $4,774,000 against $4,147,000 a year ago. Net income was $3,234,000 or $0.33 diluted per share against $2,858,000 or $0.30 basic and diluted per share a year ago. The increases in net interest income over the comparable 2011 periods were due primarily to revenue generated from loan growth, which has been funded primarily through non-interest bearing deposits, partially offset by a decrease in tax equivalent net interest margin.

For the year, the company reported total interest and dividend income was $68,405,000 against $66,969,000 a year ago. Net interest income was $61,910,000 against $58,326,000 a year ago. Income before income taxes was $18,723,000 against $16,105,000 a year ago. Net income was $12,375,000 or $1.28 diluted per share against $10,944,000 or $1.16 basic and diluted per share a year ago. Book value per share as on December 31, 2012 was $14.42 against $13.45 as at December 31, 2011. Return on average total assets was 0.78% against 0.75% a year ago. Return on average stockholders' equity was 9.27% against 8.98% a year ago. The increases in net interest income over the comparable 2011 periods were due primarily to revenue generated from loan growth, which has been funded primarily through non-interest bearing deposits, partially offset by a decrease in tax equivalent net interest margin.