BOSTON (AP) — BOSTON (AP) — Brookline Bancorp Inc. (BRKL) on Wednesday reported first-quarter earnings of $14.7 million.
The Boston-based company said it had profit of 16 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The bank holding company posted revenue of $161.7 million in the period. Its adjusted revenue was $87.9 million.
Brookline shares have fallen 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.54, a decline of 5.5% in the last 12 months.
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