Brookline Bancorp (BRKL) Tops Q1 EPS by 2c

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Go back to Brookline Bancorp (BRKL) Tops Q1 EPS by 2c

Brookline Bancorp Announces First Quarter Results

April 22, 2015 5:08 PM EDT

BOSTON, April 22, 2015 /PRNewswire/ -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the "Company") today announced net income of $11.7 million, or $0.17 per basic and diluted share, for the first quarter of 2015, compared to $10.9 million, or $0.16 per basic and diluted share, for the fourth quarter of 2014.

During the first quarter of 2015, the Company sold $255.2 million, or over 90% of its indirect automobile loan portfolio, which resulted in a nominal loss. The indirect automobile loan portfolio decreased from $317.0 million, or 6.6 percent of total loans and leases at December 31, 2014, to $23.3 million, or 0.5 percent of total loans and leases at March 31,... More