Brookline Bancorp Q1 2024 EPS $0.16, net income $14.7M, dividend unchanged at $0.135

BROOKLINE BANCORP INC

2024-Q1 EPS reported $0.16

Net income $14.7M, EPS $0.16, down from $0.26 Q4 2023 but up from $0.09 Q1 2023.
Net interest margin narrowed to 3.06% from 3.15% sequentially on higher funding costs.
Provision for credit losses rose to $7.4M from $3.8M; net charge-offs $8.8M largely in equipment finance.
Total deposits increased $170.5M to $8.7B; nonperforming loan ratio improved to 0.42%.
Quarterly dividend $0.135/share, payable May 24, 2024 to holders of record May 10, 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BROOKLINE BANCORP INC reported first quarter of 2024 results: net income net income of $14.7 million, EPS EPS of $0.16.

Period: first quarter of 2024
Net income: net income of $14.7 million
EPS: EPS of $0.16
Result: reported results

Exact text from the filing

Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $14.7 million, or $0.16 per basic and diluted share, for the first quarter of 2024

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Source: SEC EDGAR

accession 0001171843-24-002178

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