NASDAQ$BRKL

Brookline Bancorp Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net income of $18.7 million and EPS of $0.24.

Brookline Bancorp announced a solid third quarter with a net income of $18.7 million and EPS of $0.24. The company saw growth rooted in its core business areas, while monitoring the ongoing COVID-19 situation.

  • Net income reached $18.7 million, with an EPS of $0.24.
  • Total assets decreased slightly to $9.0 billion.
  • Total deposits increased to $6.8 billion.
  • The company resumed its stock buyback program.

Headline financials

Total Revenue

$65.9M

Previous: $63.2M+4.3%
EPS (adj)

$0.24

Previous: $0.28-14.3%
Net Interest Margin

3.1%

No prior period
Return on Average Assets (Annualized)

0.8%

No prior period
Allowance for Loan and Lease Losses

$1.62

No prior period
Capital Expenditures

$618K

Previous: $1.63M-62.1%
Free Cash Flow

$37.1M

Previous: $55M-32.6%
Net Income

$18.7M

Previous: $22.6M-17.2%
Cash & Equivalents

$317M

Previous: $179M+77.7%
Total Assets

$9B

Previous: $7.88B+14.2%

Revenue & EPS history

Brookline Bancorp · Revenue · Quarterly

$65.9M

Q3 2020+4.3%vs Q3 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance but the report mentions uncertainties and volatility related to the COVID-19 pandemic and its impact on businesses and households as we enter the fall and winter seasons.

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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