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Enterprise Bancorp, Inc. Announces First Quarter Financial Results


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Enterprise Bancorp, Inc. Announces First Quarter Financial Results
Enterprise Bancorp IncApril 22, 2021 GMT
LOWELL, Mass., April 22, 2021 (GLOBE NEWSWIRE) Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended March 31, 2021 of $10.4 million, or $0.86 per diluted common share, compared to $4.0 million, or $0.34 per diluted common share, for the three months ended March 31, 2020.
As previously announced on April 20, 2021, the Company declared a quarterly dividend of $0.185 per common share to be paid on June 1, 2021 to shareholders of record as of May 11, 2021. ....

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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2020 Fourth Quarter and Annual Earnings


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JASPER, IN / ACCESSWIRE / February 1, 2021 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced near-record 2020 fourth quarter unaudited earnings of $1.4 million or $2.44 earnings per share (EPS), a 24.49% increase over the same prior-year period earnings on a per-share basis. This fourth quarter 2020 performance translates to a return on average assets (ROAA) of 1.10%, compared to the same prior-year period of 0.96%.
Net interest income before provision expense for the fourth quarter ended December 31, 2020 was $4.7 million compared to $3.8 million for the same period in 2019, an increase of $926,000. This increase can primarily be attributed to growth in earning assets over the prior year, including Paycheck Protection Program (PPP) loans, and reduced funding costs of both deposits and borrowings resulting from the reduced rate environment after the Fed s 150 basis point reduction to the federal funds rate in March ....

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