Brookline Bancorp, Inc. announced unaudited consolidated earnings for the fourth quarter and full year ended December 31, 2012. For the quarter, net interest income was $44,564,000 against $28,514,000 for the same period a year ago, the decrease in interest income on commercial loans and leases from the third quarter 2012 was largely a result of a nonrecurring $1.4 million of yield adjustments recorded in the quarter ended September 30, 2012. The remaining decrease in interest income on loans and leases was largely driven by continued rate pressures in the economic environment and decreases in interest rates that were partially offset by strong growth across various loan and lease portfolios. Income before income taxes was $19,098,000 against $12,700,000 for the same period a year ago. Net income attributable to the company was $11,863,000 or $0.17 basic and diluted earnings per share against $7,058,000 or $0.12 basic and diluted earnings per share for the same period a year ago. Return on average assets was 0.93% against 0.89% for the same period a year ago. Return on average stockholders' equity was 7.76% against 5.59% for the same period a year ago. Book value per share as on December 31, 2012 was $8.70 compared to $8.50 as at December 31, 2011. Tangible book value per share as on December 31, 2012 (non-GAAP) was $6.43 compared to $7.64 as at December 31, 2011.

For the year, net interest income was $177,368,000 against $110,199,000 for the same period a year ago. Income before income taxes was $59,710,000 against $48,705,000 for the same period a year ago. Net income attributable to the company was $37,142,000 or $0.53 basic and diluted earnings per share against $27,600,000 or $0.47 basic and diluted earnings per share for the same period a year ago. Return on average assets was 0.73% against 0.90% for the same period a year ago. Return on average stockholders' equity was 5.29% against 5.51% for the same period a year ago. Book value per share as on December 31, 2012 was $8.70 compared to $8.50 as at December 31, 2011. Tangible book value per share as on December 31, 2012 (non-GAAP) was $6.43 compared to $7.64 as at December 31, 2011.

The company's board of directors approved a dividend of $0.085 per share. The dividend will be paid on February 27, 2013, to shareholders of record on February 13, 2013.

The company reported total net charge-offs of $826,000 for the fourth quarter ended December 31, 2012 against $267,000 for the same period ended December 31, 2011.