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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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