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Sep 30, 2022
Brookline Bancorp Q3 2022 Earnings Report
Brookline Bancorp reported net income and EPS increase compared to the previous quarter and prior year period, driven by solid loan growth and maintained asset quality.
Key Takeaways
Brookline Bancorp announced third quarter results with a net income of $30.1 million and EPS of $0.39. The company experienced near record earnings led by experienced bankers generating solid loan growth while maintaining asset quality. Total assets increased to $8.7 billion, and total loans and leases were $7.4 billion.
Net income for the third quarter of 2022 was $30.1 million, or $0.39 per basic and diluted share.
Total assets increased to $8.7 billion at September 30, 2022.
Total loans and leases were $7.4 billion, representing an increase of $129.4 million from June 30, 2022.
The Board of Directors approved a dividend of $0.135 per share for the quarter ended September 30, 2022.
Forward Guidance
The Merger is currently expected to be completed in the fourth quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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