Brookline Bancorp Inc. Reveals Decline In Q4 Earnings

(RTTNews) - Brookline Bancorp Inc. (BRKL) revealed earnings for fourth quarter that retreated from last year.

The company said its profit dropped to $6.83 million, or $0.09 per share. This was lower than $13.28 million, or $0.19 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Brookline Bancorp Inc. earnings at a glance:

-Earnings (Q4): $6.83 Mln. vs. $13.28 Mln. last year. -Earnings Decline (Y-o-Y): -48.6% -EPS (Q4): $0.09 vs. $0.19 last year. -EPS Decline (Y-o-Y): -52.6% -Analysts Estimate: $0.20