LOWELL, Mass. (AP) — LOWELL, Mass. (AP) — Enterprise Bancorp Inc. (EBTC) on Tuesday reported net income of $10.7 million in its fourth quarter.

The Lowell, Massachusetts-based bank said it had earnings of 86 cents per share.

The bank posted revenue of $64.9 million in the period. Its revenue net of interest expense was $44.1 million, which beat Street forecasts.

For the year, the company reported profit of $38.7 million, or $3.12 per share. Revenue was reported as $170.7 million.

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