Lowell-based Enterprise Bancorp, parent of Enterprise Bank, reported net income of $5.5 million for 2008, compared to $9.9 million in 2007, a 44.4 percent drop.

Simon Property Group Inc., the largest U.S. mall owner and operator and owner of 16 shopping properties in Massachusetts, reported a 6.5 percent increase in quarterly funds from operations on Friday, citing cost controls and curtailed spending on development.

The U.S. economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and businesses cut spending.

Danvers Bancorp, the holding company for Danversbank, has reported net loss of $37,000 for the quarter ended Dec. 31, compared to net income of $1.1 million for the same quarter in 2007, a 103 percent decline.

Brookline Bancorp, parent company of Brookline Bank, has reported net income of $4.7 million for the quarter ended Dec. 31, compared to $3.7 million for the same period a year ago, a 27 percent increase.