LOWELL, Mass. (AP) _ Enterprise Bancorp Inc. (EBTC) on Thursday reported fourth-quarter profit of $12.3 million.

The Lowell, Massachusetts-based bank said it had earnings of $1.01 per share.

The bank posted revenue of $50.2 million in the period. Its revenue net of interest expense was $46.4 million, surpassing Street forecasts.

For the year, the company reported profit of $42.7 million, or $3.52 per share. Revenue was reported as $170.3 million.

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