NASDAQ$BRKL

Brookline Bancorp Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Brookline Bancorp reported net income and EPS increase compared to the previous quarter and prior year period, driven by solid loan growth and maintained asset quality.

Brookline Bancorp announced third quarter results with a net income of $30.1 million and EPS of $0.39. The company experienced near record earnings led by experienced bankers generating solid loan growth while maintaining asset quality. Total assets increased to $8.7 billion, and total loans and leases were $7.4 billion.

  • Net income for the third quarter of 2022 was $30.1 million, or $0.39 per basic and diluted share.
  • Total assets increased to $8.7 billion at September 30, 2022.
  • Total loans and leases were $7.4 billion, representing an increase of $129.4 million from June 30, 2022.
  • The Board of Directors approved a dividend of $0.135 per share for the quarter ended September 30, 2022.

Headline financials

Total Revenue

$78M

Previous: $70.7M+10.4%
EPS (adj)

$0.39

Previous: $0.37+5.4%
Net Interest Margin

3.8%

Previous: 3.5%+7.6%
Return on Average Assets (Annualized)

1.4%

Previous: 1.4%+1.4%
Return on Average Tangible Stockholders' Equity (Annualized)

14.7%

No prior period
Capital Expenditures

$2.1M

Previous: $1.08M+93.6%
Free Cash Flow

$38M

Previous: $8.9M+326.8%
Net Income

$30.1M

Previous: $28.8M+4.5%
Operating Income

$39.8M

Previous: $35.4M+12.4%
Cash & Equivalents

$113M

Previous: $239M-52.9%
Total Assets

$8.7B

Previous: $8.3B+4.8%

Revenue & EPS history

Brookline Bancorp · Revenue · Quarterly

$78M

Q3 2022+10.4%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Merger is currently expected to be completed in the fourth quarter of 2022.

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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