Randolph Bancorp, Inc. Announces Third Quarter and Year-to-Date 2017 Financial Results
Randolph Bancorp, Inc. (RNDB)
US:NASDAQ Investor Relations:
randolphbancorp.com
Company Research
Source: GlobeNewswire
STOUGHTON, Mass., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Randolph Bancorp, Inc. (the “Company”) (NASDAQ:RNDB), the holding company for Randolph Savings Bank (the “Bank”), today announced net income of $49,000, or $0.01 per share, for the three months ended September 30, 2017 and a net loss of $548,000, or $0.10 per share, for the nine months ended September 30, 2017 compared to net income of $289,000, or $0.05 per share, and $1,009,000 for the same periods in the prior year. Operating results for all periods were affected by certain non-recurring items. Excluding such non-recurring items, net income was $112,000 for the third quarter of 2017 compared to net income of $1,627,000 for the third quarter of 2016. Excluding such non-recurring items, the Company incurred a net loss of $101, 000 for the nine months ended September 30, 2017 compared to net income of $2,011,000 for the nine months ended September 30, 2016. The following non-recurring items, all presented on a pre-tax basis, were
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