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 reported a net income of $25.2 million, or $0.33 per share, for Q2 2022, an increase from $24.7 million in Q1 2022 but a decrease from $31.6 million in Q2 2021. Total assets fell by $119.5 million to $8.51 billion. Core loan portfolio growth was $81.7 million, down from $122.4 million in Q1. Non-interest income rose to $6.9 million, while non-interest expenses increased to $44.9 million. The dividend of $0.130 per share was declared, and the planned merger with PCSB Financial is expected in H2 2022.
BROOKLINE, June 28, 2022 – Brookline Bancorp (NASDAQ: BRKL) will report its Q2 2022 earnings on July 27, 2022. A conference call for discussion will be held at 1:30 PM ET on July 28, 2022. Participants can access the call via a provided link or dial in at specified numbers. The company, with assets of approximately $8.6 billion, operates primarily in Massachusetts and Rhode Island, offering a range of banking services. For more details, visit Brookline Bancorp’s corporate website.
Brookline Bancorp (NASDAQ: BRKL) has announced a proposed acquisition of PCSB Financial Corporation (NASDAQ: PCSB) valued at $313 million, comprising 60% stock and 40% cash. This transaction is set to enhance Brookline's market presence and asset base, adding approximately $2 billion in assets, resulting in pro forma total assets of around $10.5 billion. Despite estimated regulatory challenges and capital ratio impacts, Brookline expects a 12.5% earnings per share accretion in 2023, signaling potential for future growth while maintaining a stable outlook.
Brookline Bancorp (BRKL) has announced a definitive merger agreement to acquire PCSB Financial Corporation (PCSB) for approximately $313 million in cash and stock. This strategic acquisition aims to enhance Brookline's presence in the New York Metro Area. PCSB's shareholders will receive either $22.00 in cash or 1.3284 shares of Brookline stock. The merger is expected to yield a 13% EPS accretion and a 15% IRR, indicating strong financial growth potential. Completion is anticipated in the second half of 2022, pending regulatory and shareholder approvals.
Brookline Bancorp reported a net income of $24.7 million or $0.32 per share for Q1 2022, down from $28.5 million in Q4 2021. Total assets increased to $8.63 billion, while total loans rose to $7.2 billion despite a decline from Q1 2021. Net interest income fell by $1.7 million to $69.8 million. Non-interest income decreased $5.2 million. The company declared a 4% dividend increase to $0.130 per share. The ratio of nonperforming loans dropped to 0.35%. The annualized return on average assets declined to 1.16%.
BROOKLINE, April 4, 2022 - Brookline Bancorp, Inc. (NASDAQ: BRKL) announced it will release its first quarter 2022 earnings on April 27, 2022. A conference call is scheduled for April 28, 2022, at 1:30 PM ET to discuss the results. Interested listeners can join the call via a provided link or dial in using specified phone numbers. Brookline Bancorp, with approximately $8.6 billion in assets, offers commercial and retail banking services across Central New England.
BROOKLINE, Jan. 26, 2022 – Brookline Bancorp (NASDAQ: BRKL) has announced that its 2022 Annual Meeting will be held virtually on May 11, 2022, at 11:00 AM ET. Stockholders of record as of March 18, 2022, are entitled to vote. The company operates with approximately $8.6 billion in assets, offering commercial and retail banking services across eastern Massachusetts and Rhode Island. Further details regarding the Annual Meeting will be available in the proxy statement.
Brookline Bancorp (NASDAQ: BRKL) reported a net income of $28.5 million for Q4 2021, maintaining an EPS of $0.37. This reflects a slight decline from Q3 2021's $28.8 million. Full-year net income reached a record $115.4 million, significantly up from $47.6 million in 2020. Total assets rose to $8.6 billion, with loans increasing by $222.8 million since Q3. The Company also launched Clarendon Private, enhancing its financial offerings. Despite challenges, total deposits grew to $7.05 billion, and a dividend of $0.125 per share was declared.
BOSTON, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp (NASDAQ: BRKL) announced it will report its fourth quarter 2021 earnings after market close on January 26, 2022. A conference call is scheduled for January 27, 2022, at 1:30 PM ET, where management will discuss the earnings results. The call can be accessed via phone or online, with a recorded playback available for one week post-call. Brookline Bancorp operates with approximately $8.3 billion in assets, providing banking services across Massachusetts and Rhode Island.
BROOKLINE BANCORP, INC. (NASDAQ: BRKL) reported a net income of $28.8 million or $0.37 per share for Q3 2021, down from $31.6 million or $0.40 per share in Q2 2021. Total assets decreased to $8.3 billion, loans declined to $6.9 billion, and total deposits fell slightly to $6.87 billion. However, the Company announced a 4.2% increase in quarterly dividends, now at $0.125 per share. The board approved a stock repurchase program of $10 million, which was completed by the end of September 2021. A conference call to discuss results is scheduled for October 28, 2021.
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