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Mar 31, 2020
Brookline Bancorp Q1 2020 Earnings Report
Brookline Bancorp reported a net loss of $17.3 million and EPS of $(0.22) for Q1 2020.
Key Takeaways
Brookline Bancorp reported a net loss of $17.3 million, or $(0.22) per share, for the first quarter of 2020, compared to net income of $22.2 million, or $0.28 per share, for the fourth quarter of 2019. The results were impacted by the COVID-19 pandemic and the adoption of CECL.
Net loss of $(17.3) million, or $(0.22) per share.
Total assets increased to $8.5 billion.
Net interest income decreased to $61.7 million.
Provision for credit losses increased to $54.1 million due to the forecasted economic effect of the COVID-19 pandemic.
Brookline Bancorp
Brookline Bancorp
Forward Guidance
The company did not provide forward guidance in the current report.