Brookline Bancorp Inc. Reports 18% Increase In Q2 Profit

(RTTNews) - Brookline Bancorp Inc. (BRKL) reported earnings for its second quarter that climbed from last year.

The company said its bottom line rose to $14.88 million, or $0.20 per share. This was up from $12.65 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.6% to $55.58 million. This was up from $50.26 million last year.

Brookline Bancorp Inc. earnings at a glance:

-Earnings (Q2): $14.88 Mln. vs. $12.65 Mln. last year. -Earnings Growth (Y-o-Y): 17.6% -EPS (Q2): $0.20 vs. $0.18 last year. -EPS Growth (Y-o-Y): 11.1% -Analysts Estimate: $0.19 -Revenue (Q2): $55.58 Mln vs. $50.26 Mln last year. -Revenue Change (Y-o-Y): 10.6%