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Mar 31, 2024
Brookline Bancorp Q1 2024 Earnings Report
Brookline Bancorp reported net income of $14.7 million and EPS of $0.16 for Q1 2024.
Key Takeaways
Brookline Bancorp reported a net income of $14.7 million, or $0.16 per basic and diluted share, for the first quarter of 2024. The company's total assets reached $11.5 billion, with increases in total loans and leases and total deposits. However, net interest income and total non-interest income decreased during the quarter.
Net income for Q1 2024 was $14.7 million, or $0.16 per share.
Total assets reached $11.5 billion, a slight increase from the previous quarter.
Net interest income decreased to $81.6 million.
A dividend of $0.135 per share was approved for the quarter.
Brookline Bancorp
Brookline Bancorp
Forward Guidance
The Company anticipates margin pressure to persist but remains optimistic about the economic outlook in its markets.
Positive Outlook
- Optimistic about the overall economic outlook in our markets
- Remain active in our communities
- Dedicated team of bankers continues to provide our customers with the exceptional service they have come to appreciate.
Challenges Ahead
- Company, along with the rest of the banking industry, continues to face margin pressure.