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Brookline Bancorp (BRKL)
:BRKL
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 4.87%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call demonstrated solid operating results with improvements in customer deposits, net interest margin, and progress on the merger with Berkshire Hills Bancorp. However, there were notable challenges, including a contraction in the loan portfolio, a decrease in total assets, and increased provisions for credit losses amid economic uncertainty.Company Guidance
During the Brookline Bancorp Inc. First Quarter 2025 Earnings Conference Call, the company provided detailed guidance on its financial performance and strategic priorities. Operating earnings for the first quarter were reported at $20 million, translating to $0.22 per share, while net income, including merger charges of $971,000, was $19.1 million, or $0.21 per share. The company experienced a planned contraction in its loan portfolio by $130.6 million, primarily in commercial real estate, and an increase in customer deposits by $113.8 million. The net interest margin improved by 10 basis points to 3.22%, with net interest income reaching $85.8 million, an increase of $800,000 from the previous quarter. Noninterest expenses, excluding merger charges, were $59 million, a decrease from the previous quarter due to lower compensation and marketing costs. The company anticipates a modest growth in its loan portfolio for the remainder of 2025, with deposit growth expected at 4% to 5%. Additionally, Brookline Bancorp is progressing with its merger with Berkshire Hills Bancorp, aiming for completion in February, with regulatory applications already filed and stockholder meetings scheduled. The effective tax rate excluding merger costs is expected to be around 24.25%.Increase in Customer Deposits
Customer deposits increased by $113.8 million, reflecting a positive trend in customer retention and growth.
Net Interest Margin Improvement
The net interest margin improved by 10 basis points to 3.22%, driven by lower funding costs.
Merger Progress with Berkshire Hills Bancorp
The planned merger with Berkshire Hills Bancorp is moving along nicely with regulatory applications filed and stockholder meetings scheduled.
Operating Earnings
Solid core operating earnings for the first quarter were reported at $20 million or $0.22 per share.
Stockholders' Equity Increase
Stockholders' equity rose by $18 million due to retained earnings and lower mark-to-market on the available-for-sale portfolio.
BRKL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BRKL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $10.07 | $10.31 | +2.38% |
Jan 29, 2025 | $11.77 | $12.00 | +1.95% |
Oct 23, 2024 | $10.14 | $10.18 | +0.39% |
Jul 24, 2024 | $9.80 | $9.93 | +1.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brookline Bancorp (BRKL) report earnings?
Brookline Bancorp (BRKL) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Brookline Bancorp (BRKL) earnings time?
Brookline Bancorp (BRKL) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRKL EPS forecast?
BRKL EPS forecast for the fiscal quarter 2025 (Q2) is 0.25.