Brookline Bancorp ( (BRKL) ) has released its Q1 earnings. Here is a breakdown of the information Brookline Bancorp presented to its investors.
Brookline Bancorp, Inc. is a bank holding company headquartered in Boston, Massachusetts, providing commercial and retail banking services across Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State. The company operates through its subsidiaries, Brookline Bank, Bank Rhode Island, and PCSB Bank.
In its first-quarter earnings report for 2025, Brookline Bancorp announced a net income of $19.1 million, or $0.21 per share, marking an increase from the previous quarter’s $17.5 million. The company also reported operating earnings of $20.0 million, or $0.22 per share, and declared a quarterly dividend of $0.135 per share.
Key financial highlights include a slight increase in net interest income to $85.8 million, with a net interest margin of 3.22%. The company experienced a decrease in total assets to $11.5 billion, driven by reductions in cash, cash equivalents, and loans. However, total deposits saw an increase, primarily due to a rise in customer deposits. The provision for credit losses rose to $6.0 million, largely due to a specific commercial credit issue.
Brookline Bancorp’s asset quality showed improvement, with a decrease in nonperforming loans and leases. The company’s stockholders’ equity to total assets ratio increased to 10.77%, reflecting a stronger financial position. Despite external economic challenges, the company continues to focus on strategic growth in the C&I markets while reducing commercial real estate exposure.
Looking forward, Brookline Bancorp remains committed to navigating economic headwinds and maintaining its financial stability. The management’s strategic focus on deposit growth and asset quality positions the company for continued resilience in the banking sector.