Trade Brookline Bancorp Inc - BRKL CFD

Brookline Bancorp Company profile

About Brookline Bancorp, Inc.

Brookline Bancorp, Inc. is a holding company for Brookline Bank and its subsidiaries, Bank Rhode Island (BankRI) and its subsidiaries, and Brookline Securities Corp. The Company, through Brookline Bank and BankRI (the Banks), offers a range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services, designed to meet the financial needs of small- to mid-sized businesses and individuals throughout central New England. The Company also provides specialty equipment financing through its subsidiaries, Eastern Funding LLC and Macrolease Corporation. Brookline Bank operates approximately 30 full-service banking offices in the greater Boston metropolitan area, with two additional lending offices. BankRI operates approximately 20 full-service banking offices in the greater Providence, Rhode Island area.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Brookline Bancorp, Inc. interest income decreased 5% to $311.5M. Net interest income after loan loss provision increased 12% to $290.2M. Net income increased from $47.6M to $115.4M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 10% to 3.49%, Net Interest Spread, Total -% increase of 15% to 3.32%.

Equity composition

Common Stock $.01 Par, 03/11, 200M auth., 64,445,389 issd., less 5,373,733 shs. in Treas. @ $62.75M, Insiders own 2.77% IPO: 3/98, 13,675,000 shares @ $10 by Ryan, Beck & Co. 7/01, Brookline Savings Bank & Lighthouse Bank (wholly-owned subsidiaries) converted to a Federal Charter.