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.
Brookline Bancorp, Inc. (formerly traded on Nasdaq under the symbol BRKL) generated regular news coverage as a regional bank holding company in the Finance and Insurance sector. Company press releases and SEC filings describe Brookline as the parent of Brookline Bank, Bank Rhode Island and PCSB Bank, with a focus on commercial and retail banking services, cash management and investment services for customers in Massachusetts, Rhode Island and the Lower Hudson Valley of New York State.
News related to Brookline Bancorp has covered several recurring themes. Earnings releases have detailed quarterly and annual financial performance, including net income, net interest income, non-interest income, asset quality metrics, loan and deposit trends, and dividends declared by the board of directors. These announcements often include commentary from management on balance sheet strategy, commercial real estate exposure, commercial and industrial lending activity and deposit growth.
Another major stream of news has involved Brookline’s merger of equals with Berkshire Hills Bancorp, Inc. Company announcements on December 16, 2024 and subsequent dates outlined the terms of the all-stock transaction, the planned combination of the holding companies, and the consolidation of Berkshire Bank, Brookline Bank, Bank Rhode Island and PCSB Bank under a single charter. Later news items reported on the planned new name Beacon Financial Corporation for the combined holding company, the Beacon Bank & Trust name for the combined bank, and the new New York Stock Exchange ticker symbol "BBT" for the combined company’s common stock.
Regulatory and transaction milestones have also been prominent in Brookline Bancorp news. Joint press releases and Form 8-K filings describe the receipt of required regulatory approvals from federal and state banking regulators, stockholder approvals, and the expected and actual closing dates of the merger. A September 2, 2025 8-K confirms completion of the transaction on September 1, 2025 and explains the subsequent delisting of Brookline common stock from Nasdaq.
For readers reviewing the Brookline Bancorp (BRKL) news archive, this page provides historical context on the company’s financial results, strategic direction, and its transformation through the merger into Beacon Financial Corporation and Beacon Bank & Trust.
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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