Brookline Bancorp 2017, 4Q profit fall after new tax law

BOSTON-BASED BROOKLINE BANCORP, parent of Bank Rhode Island, reported fourth-quarter and full-year earnings that were negatively impacted by the federal tax overhaul.
BOSTON-BASED BROOKLINE BANCORP, parent of Bank Rhode Island, reported fourth-quarter and full-year earnings that were negatively impacted by the federal tax overhaul.
BOSTON – Brookline Bancorp Inc. suffered a $9 million noncash charge on deferred tax assets stemming from the federal tax overhaul, depressing both full-year and fourth-quarter profit. The Boston-based parent of Bank Rhode Island reported 2017 net income fell 2.9 percent to $53.6 million, or 68 cents per diluted share, compared with $55.2 million, or…

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