Brookline Bancorp Q4 Profit Down

(RTTNews) - Brookline Bancorp, Inc. (BRKL) Wednesday reported fourth-quarter profit of $7.7 million or $0.11 per share, down from $11.9 million or $0.17 per share in the same period last year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $43.8 million from $43.4 million last year. Net interest margin decreased slightly to 3.54 percent from 3.56 percent last year. Non-interest income totaled $3.9 million, up from $3.5 million last year.