secwatch.observer — SEC 8-K summary
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Issuer:     BROOKLINE BANCORP INC (—)
CIK:        0001049782
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001171843-24-002178
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049782/000117184324002178/0001171843-24-002178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049782/000117184324002178/f8k_042424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002178

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