Randolph Bancorp, Inc. Announces Fourth Quarter and Year End 2017 Financial Results
Randolph Bancorp, Inc. (RNDB)
US:NASDAQ Investor Relations:
randolphbancorp.com
Company Research
Source: GlobeNewswire
STOUGHTON, Mass., Feb. 27, 2018 (GLOBE NEWSWIRE) -- Randolph Bancorp, Inc. (the “Company”) (NASDAQ:RNDB), the holding company for Randolph Savings Bank (the “Bank”), today announced a net loss of $1.6 million, or $0.28 per share, for the fourth quarter of 2017 compared to a net loss of $546,000, or $0.10 per share, for the fourth quarter of 2016. For the year ended December 31, 2017, the Company recognized a net loss of $2.1 million, or $0.39 per share, compared to net income of $463,000 for the year ended December 31, 2016. The operating results for the fourth quarter and full year in both 2017 and 2016 were affected by certain non-recurring items. Excluding such non-recurring items, the net loss was $1.0 million in the fourth quarter of 2017 compared to net income of $4,000 in the fourth quarter of 2016, while the net loss for the year ended December 31, 2017 was $1.0 million compared to net income of $2.0 million for the year ended December 31, 2016. The following non-recurrin
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