BOSTON (AP) — BOSTON (AP) — Brookline Bancorp Inc. (BRKL) on Wednesday reported fourth-quarter earnings of $17.5 million.
On a per-share basis, the Boston-based company said it had profit of 20 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 23 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 24 cents per share.
The bank holding company posted revenue of $164.7 million in the period. Its adjusted revenue was $91.6 million.
For the year, the company reported profit of $68.7 million, or 77 cents per share. Revenue was reported as $355.2 million.
Brookline shares have risen 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.05, a climb of 5% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRKL at https://www.zacks.com/ap/BRKL
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
