Brookline Bancorp Inc. Q4 Profit Decreases, Misses Estimates

(RTTNews) - Brookline Bancorp Inc. (BRKL) reported earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $17.54 million, or $0.20 per share. This compares with $22.89 million, or $0.26 per share, last year.

Excluding items, Brookline Bancorp Inc. reported adjusted earnings of $20.7 million or $0.23 per share for the period.

Analysts on average had expected the company to earn $0.24 per share. Analysts' estimates typically exclude special items.

Brookline Bancorp Inc. earnings at a glance (GAAP) :

-Earnings: $17.54 Mln. vs. $22.89 Mln. last year. -EPS: $0.20 vs. $0.26 last year.