Brookline Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Loan and Lease Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 31, 2019 at 03:15 am IST
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Brookline Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. The company announced net income of $21.1 million, or $0.26 per basic and diluted share, for the fourth quarter of 2018, compared to $22.5 million, or $0.28 per basic and diluted share, for the third quarter of 2018, and $6.8 million, or $0.09 per basic and diluted share, for the fourth quarter of 2017. Net interest income increased to $63.2 million during the fourth quarter of 2018 from $59.5 million for the quarter ended Dec. 31, 2017.
For the year ended December 31, 2018, the company reported net income of $83.1 million, or $1.04 per basic and diluted share. This compared to $50.5 million, or $0.68 per basic and diluted share, for the year ended December 31, 2017. Net interest income was $247.699 million against $223.181 million a year ago.
For the fourth quarter, net loan and lease charge-offs were $1.252 million against $8.507 million a year ago.
Brookline Bancorp, Inc. is a bank holding company for Brookline Bank, Bank Rhode Island (BankRI), PCSB Bank (the Banks). The Bank offers a range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, and consumer and residential loans and investment services, designed to meet the financial needs of small-to mid-sized businesses and individuals throughout Central New England and the Lower Hudson Valley in New York. Its specialty lending activities, including equipment financing, are focused on the New York and New Jersey metropolitan area, with services offered throughout the United States. The Bank, through its subsidiary Eastern Funding LLC, conducts equipment financing activities in the greater New York and New Jersey metropolitan area and elsewhere in the United States. The Bank operates 29 full-service banking offices and two lending offices in the greater Boston metropolitan area.
Brookline Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Loan and Lease Charge-Offs for the Fourth Quarter Ended December 31, 2018
BROOKLINE BANCORP, INC. 
