Welcome to our dedicated page for Brookline Bncp news (Ticker: BRKL), a resource for investors and traders seeking the latest updates and insights on Brookline Bncp stock.
Stay informed with the latest news and developments related to Brookline Bancorp, Inc. (BRKL), the Boston-based bank holding company that merged with Berkshire Hills Bancorp to form Beacon Financial Corporation. This page archives historical news coverage and announcements from when BRKL traded on NASDAQ.
Brookline Bancorp operated as a multi-bank holding company serving New England through its subsidiaries including Brookline Bank, Bank Rhode Island, and First Ipswich Bank. The company provided commercial, business, and retail banking services to corporate clients, municipal entities, small businesses, and individual consumers throughout Massachusetts, Rhode Island, and surrounding areas.
Historical news coverage includes quarterly earnings announcements, dividend declarations, loan portfolio updates, and strategic initiatives. The company regularly reported on deposit growth, asset quality metrics, net interest margin performance, and credit trends. Business expansion news covered branch openings, market development activities, and technology implementations designed to enhance customer service delivery.
Coverage of the merger process with Berkshire Hills Bancorp documented the strategic rationale for combining operations, regulatory approval milestones, and integration planning. The transaction created Beacon Financial Corporation, a regional banking franchise with combined assets and an expanded branch network throughout New England and New York. Former BRKL shareholders received shares in the new entity, which trades on the NYSE under the symbol BBT.
This archive provides valuable context for understanding Brookline Bancorp's historical performance, strategic direction, and the factors that led to the transformational merger. For current news about the successor organization, investors should reference Beacon Financial Corporation coverage.
Brookline Bancorp (BRKL) reported Q3 2024 net income of $20.1 million, or $0.23 per share, up from $16.4 million ($0.18/share) in Q2 2024 but down from $22.7 million ($0.26/share) in Q3 2023. Total assets reached $11.7 billion, with loans and leases at $9.8 billion. Net interest income increased by $3.0 million to $83.0 million, with net interest margin rising to 3.07%. The company declared a quarterly dividend of $0.135 per share. Total deposits slightly decreased to $8.7 billion, though customer deposits grew by $103.2 million. The allowance for loan and lease losses was 1.31% of total loans.
Brookline Bancorp, Inc. (NASDAQ: BRKL) has announced its schedule for reporting third quarter 2024 earnings. The company will release its earnings report on Wednesday, October 23, 2024, after the close of business. A conference call to discuss the results is scheduled for Thursday, October 24, 2024, at 1:30 PM Eastern Time.
Interested parties can join the call and view the company's Earnings Presentation via a provided link. Alternatively, they can dial in to listen without access to the slides. A recorded playback of the call will be available for one week following the event. The earnings information will also be accessible on the company's website.
Brookline Bancorp, Inc. is a multi-bank holding company with $11 billion in assets, operating through Brookline Bank, Bank Rhode Island, PCSB Bank, and their subsidiaries across Massachusetts, Rhode Island, and New York.
Brookline Bancorp (NASDAQ: BRKL) reported Q2 2024 net income of $16.4 million, or $0.18 per share, and operating earnings of $17.0 million, or $0.19 per share. This marks an increase from Q1 2024 but a decrease from Q2 2023. The company experienced solid loan and deposit growth across its three banks, with total assets reaching $11.6 billion. Despite persistent margin pressure, the intensity decreased slightly from the previous quarter. Key financial highlights include:
- Total loans and leases: $9.7 billion
- Total deposits: $8.7 billion
- Net interest income: $80.0 million
- Net interest margin: 3.00%
- Provision for credit losses: $5.6 million
- Nonperforming loans ratio: 0.62%
The Board of Directors approved a quarterly dividend of $0.135 per share, payable on August 30, 2024.
Brookline Bancorp (NASDAQ: BRKL) will announce its second quarter 2024 earnings after market close on July 24, 2024. A conference call with management is scheduled for 1:30 PM ET on July 25, 2024, to discuss the results. Participants can join the call via a provided webinar link or by dialing in. Playback of the call will be available for a week following the live event. Brookline Bancorp is a multi-bank holding company with $11 billion in assets, offering a range of commercial, business, and retail banking services through its various subsidiaries across Massachusetts, Rhode Island, and New York.
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