Enterprise Bancorp was recently named to investment bank Keefe, Bruyette & Woods’ (KBW) “Bank Honor Roll.”

Enterprise Bank was one of 25 banking institutions nationwide to earn the distinction, out of 400 companies that were considered.

“We are pleased to be included in the KBW Honor Roll for the third consecutive year, recognizing our strong financial performance during one of the most challenging times in banking history,” CEO Jack Clancy said in a statement. “As a community bank, we have made a promise to make a positive difference in the lives of the individuals, businesses and communities we serve. We work hard every day to make financially sound decisions and ensure stability and profitability for our customers and our shareholders.”

The 2014 Honor Roll winners are publicly traded banking institutions with more than $500 million in assets that meet three conditions. The bank must have no annual loss reported in net income per share before extraordinary items over the prior 10 years, its annual reported net income before extraordinary items must be equal to or greater than peak net income per share over the prior 10 years, and it must post consecutive increases in net income per share before extraordinary items since 2009.

“We believe it is fair to say that the past decade has been one of the most challenging in the history of U.S. banking,” Fred Cannon, KBW global director of research, said in a company press release. “The Bank Honor Roll is a way for KBW to acknowledge companies that have managed to excel during these tumultuous times and position their companies for further growth in what remains a rate-challenged environment.”