Brookline Bancorp

Brookline Bancorp, Inc. is a multi-bank holding company that engages in the provision of financial solutions through its subsidiaries. The firm offers a range of commercial, business, and retail banking services, including cash management products, on-line banking services, consumer and residential loans, and investment services for small to mid-sized businesses and retail customers. It also provides equipment financing services. The company was founded on November 1, 1997 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Brookline Bancorp posts strong Q4 earnings amidst growth opportunities

Brookline Bancorp's Q4 performance reflects solid earnings driven by loan portfolio growth and increased revenues.
While facing challenges such as deposit decline and rising expenses, the company remains optimistic about future growth opportunities.
The successful acquisition of PCSB Financial and dividend approval highlight the company's strengths and commitment to shareholder value.
Overall, Brookline Bancorp's strategic focus on loan growth and improving credit performance positions it well for future success.

Brookline Bancorp (BRKL) reports solid Q1 earnings amidst growth challenges

Brookline Bancorp (BRKL) delivered a solid performance in Q1 2023, with growth in key metrics and a focus on maintaining a healthy loan portfolio.
While showcasing strong capitalization and dividend stability, the company faces challenges in expense management and optimizing profitability amidst market dynamics.
Strategic opportunities lie in leveraging capital strength for investments, enhancing fee income, and driving loan growth while addressing cost management concerns.

Brookline Bancorp posts solid Q2 results amidst asset quality focus

Brookline Bancorp delivered a solid performance in Q2 2023, marked by growth in key financial metrics.
While facing challenges such as asset reduction and expense management, the company maintained strong asset quality.
Opportunities exist for the bank to enhance liquidity, control expenses, and further strengthen risk management practices.

Brookline Bancorp reports solid Q3 results amidst growth opportunities

Brookline Bancorp's Q3 performance reflects steady growth in income, loans, and deposits, underpinned by sound asset quality.
While challenges like credit risks and economic uncertainties persist, the bank's proactive measures and focus on growth opportunities position it well.
Maintaining dividends, managing credit risks, and capitalizing on growth prospects will be key focus areas for sustaining performance.

Brookline Bancorp posts $22.9M net income, faces margin challenges

Brookline Bancorp delivered solid financial results with notable strengths in acquisitions, loan growth, and dividend stability.
Challenges include margin pressure, rising expenses, and the need to address credit loss provisions.
Opportunities lie in optimizing costs, revenue generation through loan growth, and enhancing margin performance.

Brookline Bancorp reports stable Q1 earnings amidst market challenges

Brookline Bancorp's Q1 performance reflects steady growth in assets and loan activities, despite challenges in noninterest income and expenses.
Maintaining dividends and projecting loan growth indicate resilience and strategic planning amid market fluctuations.
The company faces challenges from rising interest rates and increased expenses but can capitalize on opportunities for portfolio optimization and revenue diversification.

Brookline Bancorp reports solid Q2 performance amidst strategic shifts

Brookline Bancorp demonstrated robust performance in loan and deposit growth, while managing expenses and credit losses effectively.
The decision to exit the specialty vehicle finance business poses challenges but also opportunities for strategic realignment.
Addressing margin projections and asset quality concerns will be key focus areas for the company going forward.

Brookline Bancorp reports strong Q3 earnings, eyes margin growth

Brookline Bancorp delivered solid financial performance in Q3 2024, with growth in key metrics and a positive outlook for margin expansion and cost management.
While facing challenges such as nonperforming loans and rising operating costs, the company's strategic focus on profitability and shareholder value creation remains intact.
Investors should monitor Brookline Bancorp's progress in margin enhancement, risk mitigation, and capital allocation strategies to assess its long-term growth potential.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

I've reduced my earnings estimate to $0.74 per share for 2024 following the second quarter performance, which missed my expectations. Subdued loan growth will likely counter the margin pressure and drive an earnings recovery next year. The December 2024 target price suggests a price upside of around 15%.

Brookline Bancorp: +5% Dividend Yield And Earnings Likely To Recover By Next Year

Brookline Bancorp, Inc. (NASDAQ:BRKL ) Q2 2024 Earnings Conference Call July 25, 2024 1:30 PM ET Company Participants Laura Vaughn - Attorney Paul Perrault - Chairman & Chief Executive Officer Carl Carlson - Co-President & Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Chris O'Connell - KBW Operator Good afternoon, and welcome to Brookline Bancorp Inc's Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Brookline Bancorp, Inc. (BRKL) Q2 2024 Earnings Call Transcript

The headline numbers for Brookline (BRKL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Brookline (BRKL) Q2 Earnings: A Look at Key Metrics

Brookline Bancorp (BRKL) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.26 per share a year ago.

Brookline Bancorp (BRKL) Q2 Earnings Surpass Estimates

Net Income of $16.4 million , EPS of $0.18 Operating Earnings of $17.0 million , Operating EPS of $0.19 Quarterly Dividend of $0.135 BOSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $16.4 million, or $0.18 per basic and diluted share, and operating earnings after tax (non-GAAP) of $17.0 million, or $0.19 per basic and diluted share, for the second quarter of 2024, compared to net income and operating earnings after tax (non-GAAP) of $14.7 million, or $0.16 per basic and diluted share, for the first quarter of 2024, and net income of $21.9 million, or $0.25 per basic and diluted share, and operating earnings after tax (non-GAAP) of $23.2 million, or $0.26 per basic and diluted share, for the second quarter of 2023. Paul Perrault, Chairman and Chief Executive Officer commented, “I am pleased to report our second quarter earnings.

Brookline Bancorp Announces Second Quarter Results

Brookline (BRKL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Brookline (BRKL): Can Its 7.1% Jump Turn into More Strength?

BOSTON, July 03, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report second quarter 2024 earnings at the close of business on Wednesday, July 24, 2024. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, July 25, 2024. Interested parties may listen to the call and view a copy of the Company's Earnings Presentation by joining the call via https://events.q4inc.com/attendee/629150850.   To listen to the call without access to the slides, interested parties may dial 833-470-1428 (United States) or 404-975-4839 (internationally) and ask for the Brookline Bancorp conference call (Access Code 611840). A recorded playback of the call will be available for one week following the call at 866-813-9403 (United States) or 1-929-458-6194 (internationally). The passcode for this playback is 134147. The call will be available live or in a recorded version on the Company's website at www.brooklinebancorp.com.

Brookline Bancorp, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

I'm revising downward my earnings estimate for 2024 after both loan growth and the margin missed my expectations for the first quarter of the year. Interest rate cuts will have a mixed impact on the net interest margin. I'm optimistic that loan growth can improve because some of the labor markets where Brookline Bancorp operates are quite strong.

Brookline Bancorp: Dividend Yield Of Over 6% And Somewhat Positive Earnings Outlook

Brookline Bancorp, Inc. (NASDAQ:BRKL ) Q1 2024 Earnings Conference Call April 25, 2024 1:30 PM ET Company Participants Laura Vaughn - Attorney Paul A. Perrault - Chairman & Chief Executive Officer Carl M.

Brookline Bancorp, Inc. (BRKL) Q1 2024 Earnings Call Transcript

The headline numbers for Brookline (BRKL) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Brookline (BRKL) Q1 Earnings

Net Income of $14.7 million , EPS of $0.16 Quarterly Dividend of $0.135 BOSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $14.7 million, or $0.16 per basic and diluted share, for the first quarter of 2024, compared to net income of $22.9 million, or $0.26 per basic and diluted share, for the fourth quarter of 2023, and net income of $7.6 million, or $0.09 per basic and diluted share, for the first quarter of 2023. Paul Perrault, Chairman and CEO, commented on the Company's first quarter earnings, “Our Company, along with the rest of the banking industry, continues to face margin pressure.

Brookline Bancorp Announces First Quarter Results

BOSTON, April 04, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report first quarter 2024 earnings at the close of business on Wednesday, April 24, 2024. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, April 25, 2024. Interested parties may listen to the call and view a copy of the Company's Earnings Presentation by joining the call via https://events.q4inc.com/attendee/249109629.   To listen to the call without access to the slides, interested parties may dial 833-470-1428 (United States) or 404-975-4839 (internationally) and ask for the Brookline Bancorp conference call (Access Code 923783). A recorded playback of the call will be available for one week following the call at 866-813-9403 (United States) or 1-929-458-6194 (internationally). The passcode for this playback is 815015. The call will be available live or in a recorded version on the Company's website at www.brooklinebancorp.com.

Brookline Bancorp, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

Bank7 Corp

Northrim BanCorp

Vertiv Holdings Co

VRT, NRIM, HDELY, BRKL and BSVN have been added to the Zacks Rank #1 (Strong Buy) List on March 15, 2024.

New Strong Buy Stocks for March 15th

Camden National

BRKL, CAC and NRIM made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 15, 2024.

Best Income Stocks to Buy for March 15th

Brainsway

InterDigital

Southside Bancshares

BWAY, WILLY, IDCC, BRKL and SBSI have been added to the Zacks Rank #1 (Strong Buy) List on March 11, 2024.

New Strong Buy Stocks for March 11th

First Community

BRKL, SBSI and FCCO made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 11, 2024.

Best Income Stocks to Buy for March 11th

Organon & Co

Patria Investments

Now looks like a good time to buy these highly ranked stocks with earnings estimate revisions likely to keep ticking up after their favorable Q4 results which makes their high dividend yields and low beta ratios more attractive.

Don't Overlook These Low-Risk High-Dividend Yielding Stocks

Brookline (BRKL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here's Why Brookline (BRKL) is Poised for a Turnaround After Losing -6.51% in 4 Weeks

After losing some value lately, a hammer chart pattern has been formed for Brookline (BRKL), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Brookline (BRKL) Looks Ripe for Bottom Fishing

First Financial Bankshares

Intesa Sanpaolo SpA

FFIN, ISNPY and BRKL made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 31, 2024.

Best Income Stocks to Buy for January 31st

Brookline Bancorp, Inc. (BRKL) Q4 2023 Earnings Call Transcript

The headline numbers for Brookline (BRKL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Brookline (BRKL) Reports Q4 Earnings: What Key Metrics Have to Say

Brookline Bancorp (BRKL) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.39 per share a year ago.

Brookline Bancorp (BRKL) Tops Q4 Earnings and Revenue Estimates

BOSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (the “Company”) (NASDAQ: BRKL), the bank holding company for Brookline Bank, Bank Rhode Island, and PCSB Bank, today announced that its 2024 Annual Meeting (the “Annual Meeting”) will be held virtually on Wednesday, May 8, 2024 at 11:00 AM Eastern Time. Stockholders of record of the Company's Common Stock as of the close of business on March 15, 2024 are entitled to vote at the Annual Meeting. Additional information regarding the Annual Meeting, including how to attend, will be provided in the Company's proxy statement.

Brookline Bancorp, Inc. Announces 2024 Virtual Annual Meeting Information

Net Income of $22.9 million , EPS of $0.26 Quarterly Dividend of $0.135 BOSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $22.9 million, or $0.26 per basic and diluted share, for the fourth quarter of 2023, compared to $22.7 million, or $0.26 per basic and diluted share, for the third quarter of 2023, and $29.7 million, or $0.39 per basic and diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported net income of $75.0 million, or $0.85 per basic and diluted share, compared to $109.7 million, or $1.42 per basic and diluted share, for the year ended December 31, 2022.

News for Brookline Bancorp Stock (BRKL)