BankRI parent company reports $18M Q3 profit

BROOKLINE BANCORP INC., the parent company for Bank Rhode Island, posted an $18.7 million profit in the third quarter, the company reported on Wednesday.
PROVIDENCE – Brookline Bancorp Inc., the Boston-based parent company for Bank Rhode Island, reported a $18.7 million profit for the third quarter, the company announced on Wednesday. Third-quarter earnings represented a 17% decrease over the $11.6 million profit reported a year ago.  However, the latest quarterly earnings also include a $4.5 million provision for credit…

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