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Dec 31, 2020
Brookline Bancorp Q4 2020 Earnings Report
Reported net income with increased net interest income and margin.
Key Takeaways
Brookline Bancorp reported a net income of $26.7 million, or $0.34 per basic and diluted share, for the fourth quarter of 2020. Total assets decreased slightly to $8.94 billion, while total deposits increased to $6.91 billion. The company's Board approved a dividend of $0.115 per share and a stock repurchase program authorizing up to $10.0 million of common stock.
Net income for Q4 2020 was $26.7 million, or $0.34 per share.
Net interest income increased to $68.2 million for Q4 2020.
Total assets decreased to $8.94 billion at the end of December 2020.
A stock repurchase program authorizing up to $10.0 million of the Company’s common stock was approved.