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BSB Bancorp: 4Q Earnings Snapshot

BELMONT, Mass. (AP) _ BSB Bancorp Inc. (BLMT) on Thursday reported fourth-quarter profit of $4.6 million.

The Belmont, Massachusetts-based bank said it had earnings of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 63 cents per share.

The bank posted revenue of $27.6 million in the period. Its revenue net of interest expense was $16.7 million, exceeding Street forecasts.

For the year, the company reported profit of $22.9 million, or $2.44 per share. Revenue was reported as $66.1 million.

BSB Bancorp shares have climbed 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.62, an increase of 15 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLMT at https://www.zacks.com/ap/BLMT