NASDAQ$BRKL

Brookline Bancorp Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Brookline Bancorp reported net income of $16.4 million and EPS of $0.18 for Q2 2024.

Brookline Bancorp announced net income of $16.4 million, or $0.18 per basic and diluted share, and operating earnings after tax (non-GAAP) of $17.0 million, or $0.19 per basic and diluted share, for the second quarter of 2024. Total assets reached $11.6 billion, representing an increase of $92.6 million from the previous quarter.

  • Net income for Q2 2024 was $16.4 million, or $0.18 per share.
  • Operating earnings after tax (non-GAAP) for Q2 2024 were $17.0 million, or $0.19 per share.
  • Total assets at June 30, 2024, were $11.6 billion, an increase of $92.6 million from March 31, 2024.
  • The Board of Directors approved a dividend of $0.135 per share for the quarter ended June 30, 2024.

Headline financials

Total Revenue

$80M

Previous: $86M-7.0%
EPS (adj)

$0.19

Previous: $0.26-26.9%
Net Interest Margin

3.0%

Previous: 3.3%-8.0%
Return on Average Assets (Annualized)

0.6%

Previous: 0.8%-26.9%
Capital Expenditures

$658K

Previous: $4.87M-86.5%
Net Income

$16.4M

Previous: $21.9M-25.1%

Revenue & EPS history

Brookline Bancorp · Revenue · Quarterly

$80M

Q2 2024-7%vs Q2 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Brookline Bancorp remains optimistic about the overall economic outlook in its markets as it enters the second half of 2024.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+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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