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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.

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

BOSTON – Brookline Bancorp Inc. suffered a $9 million noncash charge on deferred tax assets stemming from the federal tax overhaul, depressing both full-year...
CITIZENS BANK is a wholly owned subsidiary of Providence-based Citizens Financial Group Inc. The bank posted net income of $1.7 billion in 2017, a 58.1 percent increase on its 2016 performance. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens Bank rewards employees, charity in wake of tax reform

PROVIDENCE – Standing to gain hundreds of millions of dollars in the wake of tax reform, Citizens Financial Group Inc. is sharing some of...
CITIZENS BANK POSTED STRONG third-quarter results, as net income increased 17.2 percent to $348 million on total revenue of $1.6 billion, itself an 8.7 percent increase on the same 2016 period. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens sees profit, revenue gains in 2017 3Q

PROVIDENCE – Citizens Financial Group Inc., parent of Citizens Bank, posted net income in the third quarter of $348 million, an increase of 17.2...
CITIZENS FINANCIAL GROUP'S mortgage operation ranked No. 5 in a primary mortgage servicer satisfaction index ranking. /BLOOMBERG FILE PHOTO/KELVIN MA

Citizens ranks in top 5 for mortgage servicer satisfaction study

PROVIDENCE – Citizens Financial Group Inc.’s Citizens One Home Mortgage ranked No. 5 in a United States primary mortgage servicer satisfaction study with a...
PROVIDENCE-BASED Citizens Financial Group reported second-quarter net income of $318 million, an improvement on $243 million in the 2016 second quarter. /BLOOMBERG FILE PHOTO/ KELVIN MA

Citizens grew second-quarter profit 30.9% to $318M

PROVIDENCE – Citizens Financial Group Inc. on Friday reported second-quarter profit grew 30.9 percent to $318 million, or 63 cents per diluted share, compared...
LOOKING UP: According to BankNewport Chief Financial Officer Gregory Derderian, left, the bank’s results reflect the positive market across the state. With him at company headquarters in Middletown are Connie Loveland, senior vice president/director of financial planning and customer support, and Justin Medeiros, accounting manager/­officer.  / PBN PHOTO/KIM FULLER

R.I. banks saw strong results in 2017 1Q

Rhode Island banks grew profit at a much faster pace than their peers nationwide and in New England during the first quarter of 2017,...
THE FEDERAL Deposit Insurance Corp. tracks banking statistics for all financial institutions it insures. / PBN FILE PHOTO

R.I. banks’ Q1 profit more than double national average

PROVIDENCE – Rhode Island banks grew 2017 first-quarter profit at a faster clip than its peers nationwide, according to data released by the Federal...
SEVEN RHODE ISLAND BUSINESSES made it into the Fortune 1000 rankings, with four breaching the top 500. Above, a map of the top 500 companies ranked by revenue.

Where R.I. businesses rank on Fortune 1000 list

PROVIDENCE – Seven companies headquartered in Rhode Island made the 2017 Fortune 1000, led by CVS Health Corp. The list, which ranks the top...
COMPETING FOR LABOR: Employees of Lincoln-based Century Drywall work at the new University Orthopedics site in East Providence. President and CEO Joel Trojan said four-fifths of his approximately 500 site-based employees are working in the Boston area, where wages and benefits exceed Providence averages. / PBN PHOTO/TRACY JENKINS

Will rising construction costs derail a potential building boom?

Take a drive around Rhode Island’s cities and populated areas, and count the construction sites.The building landscape of the Ocean State is changing every...
CVS Health Corp. ranked 26th on Forbes’ inaugural top public companies in America list.

Forbes names CVS, Citizens, Textron, Hasbro among top public companies

WOONSOCKET – CVS Health Corp. ranked 26th on Forbes’ inaugural top public companies in America list.The pharmacy/retail giant has a market value of $80.5...
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