Enterprise Bancorp reports Q4 EPS $1.01 vs.90c in Q421

Reports Q4 net interest income for the three months ended December 31 amounted to $42.2M, an increase of $6.5M or 18%, compared to the three months ended December 31. Chief Executive Officer Jack Clancy commented, "Net income for the quarter increased 13% over the prior year period led by strong loan growth and higher interest rates. In the fourth quarter, loans increased by 2% and tax-equivalent net interest margin increased to 3.81%, which was the highest level since the first quarter of 2020." Executive Chairman & Founder George Duncan commented, "2022 was a very successful year with net income of $42.7M and diluted earnings per share of $3.52 for the year ended December 31, 2022, and on January 17 the Company declared a quarterly dividend of $ 23c per share, an increase of 12% over the prior year quarter."