Enterprise Bancorp reports Q4 EPS 86c vs. 80c last year

Reports Q4 book value per share $28.98. Reports Q4 CET1 capital ratio 10.38%. Reports Q4 net charge-offs .01%. CEO Steven Larochelle commented, “As we continue to work toward the upcoming completion of the proposed merger with Rockland Trust, I am pleased to announce that our team continued to deliver strong results in the fourth quarter. Loan growth was once again robust at 3.2% for the quarter while operating results were positively impacted by margin expansion as we benefited from the impact of Federal Reserve Bank interest rate cuts coupled with the flattening of the yield curve.”