Brookline Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total interest and dividend income of $78,074,000, net interest income of $62,717,000, income before provision for income taxes of $29,071,000, net income attributable to company of $20,831,000 or $0.26 per basic and diluted share, return on average assets of 1.15%, return on average stockholders' equity of 9.53% compared to total interest and dividend income of $65,186,000, net interest income of $55,583,000, income before provision for income taxes of $24,392,000, net income attributable to company of $14,880,000 or $0.20 per basic and diluted share, return on average assets of 0.91%, return on average stockholders' equity of 7.76% for the same quarter a year ago. Return on average tangible assets was 1.17% against 0.93% a year ago. Return on average tangible stockholders' equity was 11.80% against 9.58% a year ago. Tangible book value per share increased $8.85 compared to $8.52 a year ago. Book value per common share was $10.94 compared to $10.42 a year ago.

For the six months, the company reported total interest and dividend income of $149,713,000, net interest income of $122,208,000, income before provision for income taxes of $54,151,000, net income attributable to company of $39,464,000 or $0.50 per basic and diluted share compared to total interest and dividend income of $127,537,000, net interest income of $108,681,000, income before provision for income taxes of $68,551,000, net income attributable to company of $28,325,000 or $0.39 per basic and diluted share for the same quarter a year ago. Return on average assets was 1.11% against 0.87% a year ago. Return on average stockholders' equity was 9.26% against 7.68% a year ago. Return on average tangible assets was 1.14% against 0.89% a year ago. Return on average tangible stockholders' equity was 11.41% against 9.56% a year ago.

Net charge-offs for the second quarter of 2018 were $2.3 million compared to $0.5 million in the first quarter of 2018.

The company expected effective tax rate of 24% for the remainder of 2018.