CSIMarket
 
Brookline Bancorp inc  (BRKL)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $9.2900 $-0.01 -0.108%
Day's High: $9.45 Week Perf: 10.2 %
Day's Low: $ 9.28 30 Day Perf: 12.88 %
Volume (M): 743 52 Wk High: $ 11.52
Volume (M$): $ 6,901 52 Wk Avg: $9.49
Open: $9.45 52 Wk Low: $7.93



 Market Capitalization (Millions $) 829
 Shares Outstanding (Millions) 89
 Employees 675
 Revenues (TTM) (Millions $) 340
 Net Income (TTM) (Millions $) 82
 Cash Flow (TTM) (Millions $) -184
 Capital Exp. (TTM) (Millions $) 11

Brookline Bancorp Inc

Brookline Bancorp, Inc., a Delaware corporation, operates as a multi-bank holding company for Brookline Bank and its subsidiaries, Bank Rhode Island ("BankRI") and its subsidiaries, First Ipswich Bank ("First Ipswich") and its subsidiaries, and Brookline Securities Corp.
Brookline Bank, which includes its wholly-owned subsidiaries, BBS Investment Corp. and Longwood Securities Corp., and its 84.5%-owned subsidiary, Eastern Funding LLC ("Eastern Funding"), operates 25 full-service banking offices in the greater Boston metropolitan area. Brookline Bank was established as a savings bank in 1871 under the name Brookline Savings Bank. The Company was organized in November 1997 for the purpose of acquiring all of the capital stock of Brookline Savings Bank on completion of the reorganization of Brookline Savings Bank from a mutual savings bank into a mutual holding company structure and partial public offering. In 2002, the Company became fully public. In January 2003, Brookline Savings Bank changed its name to Brookline Bank.

As a commercially-focused financial institution with 49 full-service banking offices throughout greater Boston, the north shore of Massachusetts, and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively, the "Banks"), offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services, designed to meet the financial needs of small- to mid-sized businesses and individuals throughout central New England. Specialty lending activities including equipment financing are focused primarily in the New York and New Jersey metropolitan area.


The Company focuses its business efforts on profitably growing its commercial lending businesses, both organically and through acquisitions. The Companys customer focus, multi-bank structure, and risk management are integral to its organic growth strategy and serve to differentiate the Company from its competitors. As full-service financial institutions, the Banks and their subsidiaries focus on the continued addition of well-qualified customers, the deepening of long-term banking relationships through a full complement of products and excellent customer service, and strong risk management. The Companys multi-bank structure retains the local-bank orientation while relieving local bank management of the responsibility for most back-office functions, which are consolidated at the holding company level. Branding and decision-making, including credit decisions and pricing, remain largely local in order to better meet the needs of bank customers and further motivate the Banks commercial, business and retail bankers.

The Company, has, from time to time, acquired other business lines or financial institutions that it believes share the Companys relationship and customer service orientations and provide access to complementary markets, customers, products and services. The Company expanded its geographic footprint with the acquisitions of First Ipswich in February 2011 and BankRI in January 2012.


The Companys headquarters and executive management are located at 131 Clarendon Street, Boston, Massachusetts 02116 and its telephone number is 617-425-4600.

Repayment of multi-family and commercial real estate loans is generally dependent on the properties generating sufficient income to cover operating expenses and debt service. Repayment of commercial loans and equipment financing loans and leases generally is dependent on the demand for the borrowers products or services and the ability of borrowers to compete and operate on a profitable basis. Repayment of residential mortgage loans, home equity loans and indirect automobile loans generally is dependent on the financial well-being of the borrowers and their capacity to service their debt levels. The asset quality of the Companys loan and lease portfolio, therefore, is greatly affected by the economy.



   Company Address: 131 Clarendon Street Boston 2116 MA
   Company Phone Number: 425-4600   Stock Exchange / Ticker: NASDAQ BRKL
   


Customers Net Income grew by BRKL's Customers Net Profit Margin grew to

47.52 %

7.59 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU        9.86% 
CFFN        6.81% 
NFBK        12.1% 
NRIM        8.28% 
TFSL        6.07% 
WSBF        8.03% 
• View Complete Report
   



Brookline Bancorp Inc

Impressive Income rise by 77.78% at BRKL during the most recent fiscal period

As a financial journalist for the CSIMarket.com, it is my duty to provide a comprehensive analysis of the recent financial results of Brookline Bancorp Inc. These results paint an interesting picture of the company's performance, highlighting areas of growth as well as challenges that lie ahead.
Starting with earnings per share (EPS), Brookline Bancorp Inc experienced a significant rise of 77.78% to $0.16 in the most recent fiscal period. This indicates that the company has been able to generate more profit for its shareholders. Additionally, revenue increased by 9.598% to $80.49 million compared to $73.44 million in the previous year's financial reporting period. This growth in revenue demonstrates the company's ability to generate more income from its operations.

Brookline Bancorp Inc

Brookline Bancorp Inc's Fourth Quarter Revenue Soars, But EPS Plummets

Brookline Bancorp Inc (BRKL) reported conflicting results in its fiscal fourth quarter of 2023, reflecting a mixed performance. While the company saw a significant increase in revenue, there was a substantial decline in earnings per share.
In terms of revenue, BRKL witnessed a growth of 5.333% to reach $87.81 million, compared to $83.36 million in the previous year's fourth quarter. This increase can be attributed to the company's ability to prosper amidst challenging market conditions, while many other entities in the S&Ls Savings Banks industries struggled with declining orders and fading top-line.

Management Changes

Brookline Bancorp, Inc. COO James Cosman to Retire, Mona Macero Set to Lead Digital Transformation

Published Wed, Jan 24 2024 7:48 PM UTC


Brookline Bancorp, Inc. Chief Operations Officer James Cosman has announced his decision to retire from the company. This news comes as a surprise to many, as Cosman has played an integral role in the company's success over the years. The retirement of such a prominent figure in the organization calls for the appointment of a new leader, and the company has decided to p...

Brookline Bancorp Inc

Brookline Bancorp Inc outshines competitors with remarkable single digit growth in Top-line revenues for Q3 2023

Brookline Bancorp Inc, a Savings and Loan (S&Ls) company, recently reported their financial numbers for the period ending September 30, 2023. The company experienced conflicting results, with revenue rising by 5.513% to $86.55 million compared to $82.03 million in the previous year. However, their net profit per share dropped by -33.33% to $0.26 per share, down from $0.39 per share in the prior year.
In comparison to the preceding period, Brookline Bancorp Inc's revenue grew by 1.059% from $85.64 million, and their income improved by 4% from $0.25 per share. However, their net income of $22.701 million in the July to September 2023 period fell by -24.7% from $30.149 million in the same period the previous year.

Brookline Bancorp Inc

Brookline Bancorp Inc Soars with Remarkable Revenue Growth in Q2 2023, Captivating the Market Despite Declining EPS



Brookline Bancorp Inc, a prominent player in the S&Ls Savings Banks industry, recently reported its financial results for the period of April to June 30, 2023. While the company experienced a noteworthy revenue growth, its earnings per share (EPS) declined. This article aims to interpret these results and speculate on the potential impact they may have on the company moving forward.
Expanding Sales Accompanied by Shrinking EPS:
Brookline Bancorp Inc displayed impressive growth in terms of revenue, with a 9.001% increase to $85.64 million compared to the previous year's $78.57 million. However, the company witnessed a decline of -24.24% in its income, resulting in a reduced EPS of $0.25 per share compared to the prior year's $0.33.






 

Brookline Bancorp Inc's Segments
 
 
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