NASDAQ$BRKL

Brookline Bancorp Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Brookline Bancorp announced first quarter results reflecting one-time costs associated with PCSB Financial Corporation acquisition.

Brookline Bancorp reported a net income of $7.6 million, or $0.09 per basic and diluted share, for Q1 2023. Excluding one-time costs related to the acquisition of PCSB Financial Corporation, operating earnings were $23.3 million, or $0.27 per diluted share.

  • Net income for Q1 2023 was $7.6 million, or $0.09 per share.
  • Operating earnings, excluding one-time costs, were $23.3 million, or $0.27 per diluted share.
  • The acquisition of PCSB Financial Corporation was completed on January 1, 2023.
  • Total assets increased to $11.5 billion at March 31, 2023.

Headline financials

Total Revenue

$86M

Previous: $69.8M+23.2%
EPS (adj)

$0.27

Previous: $0.32-15.6%
Net Interest Margin

3.4%

Previous: 3.5%-3.7%
Return on Average Assets (Annualized)

0.3%

Previous: 1.2%-76.7%
Stockholders' Equity to Total Assets

10.1%

No prior period
Capital Expenditures

$3.77M

Previous: $497K+659.4%
Free Cash Flow

$14.2M

Previous: $15.6M-9.3%
Net Income

$7.6M

Previous: $24.7M-69.2%
Cash & Equivalents

$486M

Previous: $293M+65.8%
Total Assets

$11.5B

Previous: $8.63B+33.3%

Revenue & EPS history

Brookline Bancorp · Revenue · Quarterly

$86M

Q1 2023+23.2%vs Q1 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company will conduct a conference call/webcast at 1:30 PM Eastern Time on Thursday, April 27, 2023 to discuss the results for the quarter, business highlights and outlook.

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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