BankRI parent company posts $29M Q3 profit

PROVIDENCE – Brookline Bancorp Inc., the parent for Bank Rhode Island, saw its third-quarter earnings increase 54.4% year over year, to $28.8 million, the company announced on Wednesday. The rise in profits was driven by halving of interest expenses and the shedding of $3.1 million from the company’s credit loss provisions. Like banks nationwide, the…

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