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 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.