NASDAQ$BRKL

Brookline Bancorp Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Brookline Bancorp experienced improved performance in Q3 2024 with net income of $20.1 million and EPS of $0.23.

Brookline Bancorp reported a net income of $20.1 million, or $0.23 per basic and diluted share, for the third quarter of 2024. Total assets reached $11.7 billion, and total loans and leases amounted to $9.8 billion.

  • Net income and operating earnings after tax (non-GAAP) were $20.1 million, or $0.23 per basic and diluted share.
  • Total assets increased to $11.7 billion.
  • Total loans and leases increased to $9.8 billion.
  • The Board of Directors approved a dividend of $0.135 per share for the quarter ended September 30, 2024.

Headline financials

Total Revenue

$83M

Previous: $84.1M-1.3%
EPS (adj)

$0.23

Previous: $0.26-11.5%
Net Interest Margin

3.1%

Previous: 3.2%-3.5%
Return on Average Assets (Annualized)

0.7%

Previous: 0.8%-13.6%
Capital Expenditures

-$513K

Previous: $2.05M-125.1%
Net Income

$20.1M

Previous: $22.7M-11.5%

Revenue & EPS history

Brookline Bancorp · Revenue · Quarterly

$83M

Q3 2024-1.3%vs Q3 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company is confident that its experienced bankers will continue to deliver exceptional service to customers, which will be better reflected in profitability as interest rates normalize.

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 Q3 2024

Historical avgQ3 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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