Brookline Bancorp ( (BRKL) ) has released its Q2 earnings. Here is a breakdown of the information Brookline Bancorp presented to its investors.
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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.
In its latest earnings report, Brookline Bancorp announced a net income of $22.0 million for the second quarter of 2025, showing an increase from the previous quarters. The company also declared a quarterly dividend of $0.135 per share, maintaining its commitment to returning value to shareholders.
The company’s financial performance was marked by an increase in net interest income to $88.7 million, driven by a higher net interest margin of 3.32%. Additionally, total deposits rose by $49.8 million, reflecting strong customer engagement. However, there was a decrease in total loans and leases, which dropped by $60.3 million from the previous quarter.
Brookline Bancorp managed to reduce its non-interest expenses by $1.9 million, primarily due to lower compensation and merger-related expenses. Despite the challenges in the Boston office sector, the company maintained a stable asset quality with a nonperforming loans ratio of 0.65%.
Looking ahead, Brookline Bancorp remains focused on expanding its C&I portfolio and deposits, while navigating the economic challenges. The management’s outlook suggests a cautious yet optimistic approach to future growth and profitability.