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.

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Earnings data Q2 2023

Earnings data Q3 2023

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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.

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First Community

Southside Bancshares

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

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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

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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.

Brookline Bancorp Announces Fourth Quarter Results

Mona Macero Will Become Chief Digital Officer of Brookline Bancorp, Inc. Kelly Bressette Will Become Director of Operations BOSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp (NASDAQ: BRKL) Co-President and Chief Operating Officer Michael McCurdy announced today three key changes affecting leadership positions at Brookline Bancorp, Inc. (the “Company”). After fifteen years as the Company's Chief Operations Officer, James Cosman will retire effective April 1, 2024.

Brookline Bancorp, Inc. Chief Operations Officer James Cosman to Retire

Evaluate the expected performance of Brookline (BRKL) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Wall Street's Insights Into Key Metrics Ahead of Brookline (BRKL) Q4 Earnings

BOSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report fourth quarter 2023 earnings at the close of business on Wednesday, January 24, 2024. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, January 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/124233277. 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 714087). 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 419492. The call will be available live or in a recorded version on the Company's website at www.brooklinebancorp.com.

Brookline Bancorp, Inc. Announces Fourth Quarter 2023 Earnings Release Date and Conference Call

The recent improvement of local labor markets bodes well for loan growth. The margin's declining trend may reverse soon because the up-rate cycle seems to have ended. BRKL is offering a dividend yield of 6.3% and a double-digit price upside.

Brookline Bancorp Is Offering A 6% Dividend Yield And A Positive Earnings Outlook

A huge rally in the regional banks last week pushed all these stocks higher, but they are not all worthy of the move.

Bear of the Day: Brookline Bancorp (BRKL)

Brookline Bancorp, Inc. (BRKL) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Brookline (BRKL) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Brookline (BRKL) Reports Q3 Earnings: What Key Metrics Have to Say

Brookline Bancorp (BRKL) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.40 per share a year ago.

Brookline Bancorp (BRKL) Lags Q3 Earnings and Revenue Estimates

BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report third quarter 2023 earnings at the close of business on Wednesday, October 25, 2023. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, October 26, 2023. 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/328004214. 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 454769). A recorded playback of the call will be available for one week following the call at 866-813-9403 (United States) or 204-525-0658 (internationally). The passcode for this playback is 509267. The call will be available live or in a recorded version on the Company's website at www.brooklinebancorp.com.

Brookline Bancorp, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call

Brookline Bancorp has experienced a significant decline in its stock performance, down 28% YTD and 31% over the past year. The stock has shown a lack of significant growth over the past decade, with its price ending at a similar level to where it started 10 years ago. However, there was a positive rebound in Brookline's stock leading up to the start of 2022, following a low point in late 2020/early 2021.

Brookline Bancorp: The Positives Outweigh The Negatives

Brookline Bancorp, Inc. (NASDAQ:BRKL ) Q2 2023 Earnings Conference Call July 27, 2023 1:30 PM ET Company Participants Laura Vaughn - Attorney Paul Perrault - Chairman & CEO Carl Carlson - Co-President & CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co. Stephen Moss - Raymond James & Associates Christopher O'Connell - KBW Operator Good afternoon, and welcome to the Brookline Bancorp, Inc.'s Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Brookline Bancorp, Inc. (BRKL) Q2 2023 Earnings Call Transcript

Brookline Bancorp (BRKL) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.33 per share a year ago.

Brookline Bancorp (BRKL) Q2 Earnings Miss Estimates

Brookline (BRKL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Brookline Bancorp (BRKL) Q2 Earnings Expected to Decline

Brookline Bank's acquisition of PCSB at the start of the year led to a drop in net income by $22.1 million from the prior quarter due to substantial expenses. Despite challenges, Brookline maintains a strong financial footing with a well-capitalized status, a $240 million capital buffer above required standards, and consistent dividend payouts. Brookline's stock is potentially undervalued with a P/E ratio well below its historical average; however, its growth and momentum are underperforming compared to the rest of the financial sector.

Investing In Brookline Bancorp: Balancing Caution And Opportunity

BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report second quarter 2023 earnings at the close of business on Wednesday, July 26, 2023. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, July 27, 2023. 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/769450735. 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 281178). A recorded playback of the call will be available for one week following the call at 866-813-9403 (United States) or 204-525-0658 (internationally). The passcode for this playback is 932919. The call will be available live or in a recorded version on the Company's website at www.brooklinebancorp.com.

News for Brookline Bancorp Stock (BRKL)