Brookline Bancorp, Inc. (NASDAQ:BRKL) has release its fourth quarter and full year earnings for fiscal 2009. The financial reports showed earnings of $5,836,000, or $0.10 per share on a basic and diluted basis for the quarter ended December 31, 2009. The year ago period earned $4,730,000, or $0.08. Net income for the year ended December 31, 2009 and 2008 was $19,200,000, or $0.33 per basic and diluted share, or $12,850,000, or $0.22 per basic and diluted share, respectively.
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Brookline’s Board of Directors has also announced a quarterly dividend of $0.085 per share. The dividend will be payable to stockholders of record as of February 1, 2010. It will be payable on February 18, 2010.
Brookline Bancorp, Inc. is the holding company of Brookline Bank (Brooklin or the Bank). As of December 31, 2008, Brookline operated 18 full-service banking offices in Brookline, Medford and adjacent communities in Middlesex County and Norfolk County in Massachusetts. Brookline’s deposits are gathered from the general public primarily in the communities, in which its banking offices are located. Brookline’s lending activities are concentrated primarily in the greater Boston metropolitan area and eastern Massachusetts. The Company has approximately 87% interest in Eastern Funding LLC (Eastern). Eastern specializes primarily in the financing of coin-operated laundry, dry cleaning and convenience store equipment, and businesses in the greater metropolitan New York area and selected other locations throughout the United States.
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