Brookline Bancorp reports Q1 EPS 22c, consensus 22c

Reports Q1 tangible book value per share $11.03. Reports Q1 net charge-offs 0.31%. Commenting on the first quarter’s performance, Perrault stated, “We are pleased to report solid earnings for the first quarter of the year. Despite external economic headwinds, our bankers continue to perform well and grow deposits. The contraction in our loan portfolios is intentional as we reduce our commercial real estate exposure while increasing our participation in the C&I markets.”