Bank Rhode Island parent company reports $17.3M Q1 loss

Nancy Lavin

04/29/2020

BROOKLINE BANCORP INC., the parent company for Bank Rhode Island, ended the first quarter of 2020 $17.3 million in the red.

PROVIDENCE – Brookline Bancorp Inc., the Boston-based parent company of Bank Rhode Island, ended the first quarter of 2020 $17.3 million in the red, the company reported on Wednesday. The first-quarter loss represents a $39.8 million decrease from the $22.5 million revenue reported in the first quarter of 2019. Earnings per diluted share dropped from 28…

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