Brookline Bancorp, Inc. (OQ:BRKL)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 131 Clarendon Street BOSTON MA 02116 |
| Tel: | 1-617-4255331 |
| Website: | https://www.brooklinebancorp.com |
| IR: | See website |
| Key People | ||
| Paul A. Perrault Chairman of the Board, Chief Executive Officer | Carl M. Carlson Co-President, Chief Financial Officer and Strategy Officer | Michael W. Mccurdy Co-President, Chief Operating Officer |
| Darryl J. Fess President and Chief Executive Officer of Brookline Bank | Michael P. Goldrick President and Chief Executive Officer, PCSB Bank | William C. Tsonos President and Chief Executive Officer of Bank Rhode Island |
| Janytra M. Brooks Chief Human Resource Officer | Marissa E. Martin General Counsel, Corporate Secretary | Mark J. Meiklejohn Chief Credit Officer |
| Business Overview |
| Brookline Bancorp, Inc. is a bank holding company for Brookline Bank, Bank Rhode Island (BankRI), PCSB Bank (the Banks). The Bank offers a range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, and consumer and residential loans and investment services, designed to meet the financial needs of small-to mid-sized businesses and individuals throughout Central New England and the Lower Hudson Valley in New York. Its specialty lending activities, including equipment financing, are focused on the New York and New Jersey metropolitan area, with services offered throughout the United States. The Bank, through its subsidiary Eastern Funding LLC, conducts equipment financing activities in the greater New York and New Jersey metropolitan area and elsewhere in the United States. The Bank operates 29 full-service banking offices and two lending offices in the greater Boston metropolitan area. |
| Financial Overview |
| For the three months ended 31 March 2024, Brookline Bancorp, Inc. interest income increased 17% to $155.5M. Net interest income after loan loss provision increased 23% to $74.2M. Net income increased 94% to $14.7M. Net interest income after loan loss provision reflects Loans and leases increase of 19% to $145.3M, Short-term investments increase of 22% to $1.8M, Restricted equity securities increase of 19% to $1.5M. |
| Employees: | 974 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $959.38M as of Mar 31, 2024 |
| Annual revenue (TTM): | $600.20M as of Mar 31, 2024 |
| EBITDA (TTM): | $181.27M as of Mar 31, 2024 |
| Net annual income (TTM): | $82.10M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $166.02M as of Mar 31, 2024 |
| Shares outstanding: | 89,643,676 as of Mar 31, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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