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Brookline Bancorp Inc. is a reputable multi-bank holding company headquartered in Boston, Massachusetts, with a focus on delivering tailored financial solutions. As the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, it boasts approximately $11 billion in assets and operates branch locations across eastern Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State.
Brookline Bank, a full-service financial institution, operates 24 branches within the Greater Boston area. The bank provides a wide array of services for both individuals and businesses, including checking, savings, and retirement accounts, home equity lending, residential mortgages, and commercial real estate (CRE) banking. Additionally, it offers comprehensive cash management services, merchant services, and access to investment services, ensuring a high level of customized and flexible support for all its clients.
Brookline Bancorp also extends its services to commercial, business, and retail banking, featuring an assortment of cash management products and online banking services. The company is known for its consumer and residential loan products, enhancing financial accessibility for a diverse customer base.
In recent developments, Brookline Bancorp has announced its third quarter 2023 earnings release, scheduled for October 25, 2023, followed by a conference call on October 26, 2023. This event highlights the company's ongoing commitment to transparency and stakeholder engagement. The call can be accessed via the company's website or through designated phone lines.
The financial health of Brookline Bancorp remains robust, with net income reported at $22.7 million and an earnings per share (EPS) of $0.26. The company has also declared a dividend, demonstrating its stable financial position and shareholder value proposition.
Leadership changes have been a focal point, with the upcoming retirement of Chief Operations Officer James Cosman on April 1, 2024. In light of his departure, new appointments include Mona Macero as Executive Vice President and Chief Digital Officer, and Kelly Bressette as Executive Vice President and Director of Operations. These strategic movements are set to drive future technological and operational excellence within the company.
Brookline Bancorp continuously adapts to meet the evolving needs of its customers, leveraging its strong foundation in banking services and commitment to community-focused growth. More information is available on their websites: brooklinebank.com, bankri.com, and pcsb.com.
Brookline Bancorp reported a net income of $7.6 million for Q1 2023, translating to $0.09 per share, a decrease from $29.7 million or $0.39 per share in Q4 2022 and $24.7 million or $0.32 per share in Q1 2022. The financial results reflect pre-tax one-time costs of $21.5 million linked to the acquisition of PCSB Financial, which closed on January 1, 2023. Excluding these costs, operating earnings were $23.3 million, or $0.27 per diluted share. Total assets rose by $2.3 billion to $11.5 billion from December 31, 2022. Total loans increased to $9.2 billion, up $1.6 billion since the last quarter. The bank also declared a dividend of $0.135 per share for Q1 2023, payable May 26, 2023.
BROOKLINE, April 6, 2023 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) is set to report its first quarter 2023 earnings after market close on April 26, 2023. A detailed conference call will be hosted by management at 1:30 PM ET on April 27, 2023, for a comprehensive review of the earnings report. Interested stakeholders can access the call via this link or dial in at 833-470-1428 (U.S.) and 404-975-4839 (internationally) using access code 576006. A playback of the call will be available for one week post-event. Brookline Bancorp has $11 billion in assets and operates through its subsidiaries across Massachusetts, Rhode Island, and New York, providing a range of commercial and retail banking services.
BROOKLINE, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced its 2023 Annual Meeting to be held virtually on May 10, 2023, at 11:00 AM ET. Stockholders of record as of March 17, 2023, are eligible to vote. The bank holding company, with approximately $11 billion in assets, operates in eastern Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State, providing various commercial and retail banking services. Further details, including attendance instructions, will be disclosed in the forthcoming proxy statement.
Brookline Bancorp announced a net income of $29.7 million or $0.39 per share for Q4 2022, slightly down from $30.1 million in Q3 2022 but up from $28.5 million in Q4 2021. For the year 2022, net income totaled $109.7 million, a decline from $115.4 million in 2021. Total assets rose to $9.2 billion, with loans increasing to $7.6 billion. The company also completed its acquisition of PCSB Financial Corporation, enhancing its market presence. Despite a solid year, net charge-offs increased slightly and total deposits decreased. A dividend of $0.135 per share was declared for Q4 2022.
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