Boston Bancorp has revised its financial results from fiscal year 1994, reducing net income by $2.2 million for the fourth quarter and taking further unrealized securities losses of $3.7 million.

The company's new report shows income for the fourth quarter ended Oct. 31 was $4.4 million, down 51% from the fourth quarter of 1993. For the fiscal year, net income dropped to $24.6 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.