NASDAQ$BRKL

Brookline Bancorp Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Brookline Bancorp reported a net loss of $17.3 million and EPS of $(0.22) for Q1 2020.

Brookline Bancorp reported a net loss of $17.3 million, or $(0.22) per share, for the first quarter of 2020, compared to net income of $22.2 million, or $0.28 per share, for the fourth quarter of 2019. The results were impacted by the COVID-19 pandemic and the adoption of CECL.

  • Net loss of $(17.3) million, or $(0.22) per share.
  • Total assets increased to $8.5 billion.
  • Net interest income decreased to $61.7 million.
  • Provision for credit losses increased to $54.1 million due to the forecasted economic effect of the COVID-19 pandemic.

Headline financials

Total Revenue

$61.7M

Previous: $63M-2.0%
EPS (adj)

-$0.22

Previous: $0.28-178.6%
Net Interest Margin

3.3%

No prior period
Return on Average Assets (Annualized)

-0.9%

No prior period
Capital Expenditures

$1.07M

Previous: $961K+11.4%
Free Cash Flow

$91.4M

Previous: $15M+508.7%
Net Income

-$17.3M

Previous: $22.5M-177.0%
Cash & Equivalents

$341M

Previous: $112M+203.4%
Total Assets

$8.5B

Previous: $7.52B+13.0%

Revenue & EPS history

Brookline Bancorp · Revenue · Quarterly

$61.7M

Q1 2020-2%vs Q1 2019
Beat estimate in 2 of 16 quarters(13%)
ActualEstimate

Forward guidance

The company did not provide forward guidance in the current report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.3%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+5.6%

Q1 2015

Best reaction

-11.9%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025
Q3 2025
Q2 2025-1.9%-3.1%+1.5%
Q1 2025+2.4%+3.2%+1.6%
Q4 2024+2.0%+4.0%-2.0%
Q3 2024+0.9%+7.8%+20.6%
Q2 2024-0.4%-0.1%-1.7%
Q1 2024-11.9%-12.5%-8.8%
Q4 2023+4.2%+6.8%-8.9%
Q3 2023+2.6%
Q2 2023+3.9%
Q1 2023-0.4%
Q4 2022-6.6%
Q3 2022+0.8%
Q2 2022+3.2%
Q1 2022+0.4%
Q4 2021-0.8%
Q3 2021+0.6%
Q2 2021+4.2%
Q1 2021+1.9%
Q4 2020-1.3%
Q3 2020-0.5%
Q2 2020+1.6%
Q1 2020-10.3%
Q4 2019+0.6%
Q3 2019+4.9%
Q2 2019-1.8%
Q1 2019+2.0%
Q4 2018+1.7%
Q3 2018+1.6%
Q2 2018-0.8%
Q1 2018+2.1%
Q4 2017+5.0%
Q3 2017+0.0%
Q2 2017+1.4%
Q1 2017-5.8%
Q4 2016+3.4%
Q3 2016+4.1%
Q2 2016-1.0%
Q1 2016+0.3%
Q4 2015+1.1%
Q3 2015+4.9%
Q2 2015+0.0%
Q1 2015+5.6%
Q4 2014+3.2%
Q3 2014+1.5%
Q2 2014-0.9%
Q1 2014-0.9%
Q4 2013-3.4%
Q3 2013-2.8%
Q2 2013+3.4%
Q1 2013-4.3%
Q4 2012-1.8%
Q3 2012-0.8%
Q2 2012-0.5%
Q1 2012+0.5%
Q4 2011-2.0%
Q3 2011-7.2%
Q2 2011-0.9%
Q1 2010-1.2%
Q1 2011+1.2%
Q4 2010+0.5%
Q4 2008+0.5%
Q4 2009+0.5%
Q3 2010+3.8%
Q3 2009+3.8%
Q2 2010-0.1%
Q2 2009-0.1%

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