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Brookline Bancorp Q1 2025 Earnings Report
Brookline Bancorp reported solid earnings for the first quarter of 2025, with net income of $19.1 million and diluted EPS of $0.21.
Key Takeaways
Brookline Bancorp, Inc. announced net income of $19.1 million for the first quarter of 2025, with diluted earnings per share of $0.21. Operating earnings after tax were $20.0 million, or $0.22 per diluted share. The company saw a decrease in total assets primarily due to reductions in cash and cash equivalents and loans, while total deposits increased.
Net income for Q1 2025 was $19.1 million, an increase from $14.7 million in Q1 2024.
Operating earnings after tax for Q1 2025 were $20.0 million, up from $14.7 million in Q1 2024.
Total assets decreased by $385.5 million from Q4 2024 to $11.5 billion in Q1 2025, driven by reductions in cash and loans.
Total deposits increased by $9.8 million from Q4 2024 to $8.9 billion in Q1 2025, primarily due to an increase in customer deposits.
Forward Guidance
The company's forward-looking statements indicate potential risks and uncertainties that could materially affect future results, including economic conditions, interest rate changes, and operational risks.
Positive Outlook
- Continued focus on growing deposits.
- Intentional reduction in commercial real estate exposure.
- Increased participation in C&I markets.
- Potential for improved financial trends through non-GAAP measures.
- Strategic transactions to enhance business activities.
Challenges Ahead
- Uncertainty regarding the outcome of the proposed merger with Berkshire Hills Bancorp, Inc.
- Potential delays in obtaining necessary regulatory and stockholder approvals for the merger.
- Impact of restrictions during the merger pendency on business opportunities.
- Ongoing turbulence in capital and debt markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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