Blue Hills: 4Q Earnings Snapshot
NORWOOD, Mass. (AP) _ Blue Hills Bancorp Inc. (BHBK) on Wednesday reported fourth-quarter net income of $5.7 million.
The bank, based in Norwood, Massachusetts, said it had earnings of 23 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 28 cents per share.
The holding company for Blue Hills Bank posted revenue of $30 million in the period. Its revenue net of interest expense was $22.2 million, exceeding Street forecasts.
For the year, the company reported profit of $24.6 million, or 98 cents per share. Revenue was reported as $90.4 million.
Blue Hills shares have climbed 8 percent since the beginning of the year. The stock has risen 10 percent in the last 12 months.