Brookline bancorp, inc (BRKL)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest and dividend income:
Loans and leases

83,309

83,566

82,798

80,672

78,791

75,877

73,329

67,272

64,272

63,054

61,138

58,558

57,247

57,858

55,369

54,247

54,814

52,725

51,684

53,381

52,637

51,769

50,433

51,942

48,573

48,462

50,644

49,419

50,662

53,271

50,135

49,643

34,499

34,028

33,786

31,625

31,117

30,488

30,774

30,868

31,722

33,308

Debt securities

2,910

2,977

3,158

3,236

3,489

3,585

3,563

3,323

3,214

3,154

3,156

3,000

2,881

2,822

3,075

2,932

2,936

2,866

2,931

2,683

2,596

2,312

2,360

2,259

2,136

2,041

1,934

1,852

1,832

1,949

1,541

3,229

1,299

1,487

1,754

1,757

1,791

1,927

1,960

1,923

2,528

2,845

Marketable and restricted equity securities

813

876

877

911

1,008

1,029

1,003

924

751

788

797

726

762

804

729

680

668

1,079

491

524

564

520

539

449

580

298

303

31

440

103

95

92

55

48

55

37

-

-

-

-

-

-

Short-term investments

418

487

351

267

256

145

179

120

100

180

95

67

93

47

63

39

30

17

60

21

29

15

14

44

-240

22

19

310

42

71

68

27

28

27

26

24

24

32

29

15

48

46

Equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

12

24

24

23

Interest and Dividend Income, Operating

87,450

87,906

87,184

85,086

83,544

80,636

78,074

71,639

68,337

67,176

65,186

62,351

60,983

61,531

59,236

57,898

58,448

56,687

55,166

56,609

55,826

54,616

53,346

54,694

51,049

50,823

52,900

51,612

52,976

55,394

51,839

52,991

35,881

35,590

35,621

33,443

32,936

32,451

32,775

32,830

34,322

36,222

Interest expense:
Interest Expense, Deposits, Excluding Brokered Deposits

17,655

18,300

17,712

15,948

13,744

11,916

9,219

7,099

6,681

5,984

5,543

5,080

5,195

5,112

5,018

4,745

4,554

4,326

4,296

4,304

4,320

4,248

4,201

4,291

4,559

4,637

4,743

4,834

5,077

5,375

5,463

5,517

4,753

4,971

5,138

4,895

5,065

5,096

5,348

5,911

7,300

8,180

Brokered deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

Borrowed funds

5,864

6,370

6,338

6,139

6,641

6,388

6,138

5,049

3,999

4,349

4,060

4,173

3,934

4,069

3,961

3,950

3,816

3,774

3,698

3,777

3,930

3,044

2,711

2,669

2,716

2,774

2,794

3,109

3,335

3,608

3,617

3,840

2,615

2,671

2,685

2,608

2,587

3,087

3,699

3,774

5,247

6,151

Interest Expense

23,519

24,670

24,050

22,087

20,385

18,304

15,357

12,148

10,680

10,333

9,603

9,253

9,129

9,181

8,979

8,695

8,370

8,100

7,994

8,081

8,250

7,292

6,912

6,960

7,275

7,411

7,537

7,943

8,412

8,983

9,080

9,357

7,368

7,642

7,823

7,503

7,652

8,183

9,047

9,685

12,547

14,406

Net interest income

63,931

63,236

63,134

62,999

63,159

62,332

62,717

59,491

57,657

56,843

55,583

53,098

51,854

52,350

50,257

49,203

50,078

48,587

47,172

48,528

47,576

47,324

46,434

47,734

43,774

43,412

45,363

43,669

44,564

46,411

42,759

43,634

28,513

27,948

27,798

25,940

25,284

24,268

23,728

23,145

21,775

21,816

Provision for Loan, Lease, and Other Losses

3,602

871

3,757

1,353

123

2,717

1,470

641

1,802

2,911

873

13,402

3,215

2,215

2,545

2,378

1,520

1,755

1,913

2,263

1,724

2,034

2,276

2,443

3,887

2,748

2,439

1,855

3,101

2,862

6,678

3,247

842

891

839

1,059

1,317

551

661

1,267

2,473

1,876

Net interest income after provision for credit losses

60,329

62,365

59,377

61,646

63,036

59,615

61,247

58,850

55,855

53,932

54,710

39,696

48,639

50,135

47,712

46,825

48,558

46,832

45,259

46,265

45,852

45,290

44,158

45,291

39,887

40,664

42,924

41,814

41,463

43,549

36,081

40,387

27,671

27,057

26,959

24,881

23,967

23,717

23,067

21,878

19,302

19,940

Non-interest income:
Gain on sale/disposals of premises and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

-6

1,510

0

21

-21

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan level derivative income, net

2,494

2,251

1,772

1,745

1,811

2,192

571

866

755

844

186

402

265

858

1,210

1,629

1,556

900

941

0

-

322

62

-

1,494

-558

-624

-312

-239

-73

-244

-138

-

-500

-

-

-

-

-

-

-

-

Fees, charges and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,858

4,168

3,733

1,661

1,428

1,518

1,046

154

927

1,132

825

934

887

Penalty from prepayment of borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-555

-913

-

-533

-582

Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss

133

-116

357

134

-692

0

0

1,162

0

0

0

11,393

0

0

0

0

-

-

-

-

-

0

-13

-

-

0

0

-

-

-

797

-

0

0

0

80

-

-

-

-

-

-

Gain on sales of loans and leases held-for-sale

309

550

561

289

327

535

722

299

935

1,049

307

353

1,418

588

345

905

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

834

-

594

346

Loss on impairment of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

98

-49

-

-

Gain on sales of loans and leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

446

279

869

-

564

54

602

-

116

183

298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,543

1,815

1,710

1,526

2,199

1,277

1,283

1,088

1,088

1,251

1,203

1,247

642

1,264

1,317

1,460

778

972

1,181

1,193

1,070

2,726

1,395

1,123

1,109

1,592

1,286

854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-interest income

7,756

7,929

7,478

6,630

6,461

7,069

5,526

6,168

5,815

5,973

4,477

15,908

5,494

5,329

5,375

6,469

6,063

4,784

4,867

4,470

4,541

6,189

3,822

5,628

5,697

3,456

3,139

3,327

6,471

3,785

4,721

3,595

1,490

928

1,518

1,126

154

372

1,053

776

995

651

Non-interest expense:
Compensation and employee benefits

23,987

24,871

23,953

23,743

24,318

22,338

22,565

22,314

20,652

21,067

20,910

19,784

19,657

20,369

19,083

18,727

18,788

17,875

17,085

17,524

18,216

18,258

17,295

18,032

16,677

15,589

16,697

16,298

15,240

14,664

14,238

14,688

8,092

8,091

7,795

6,811

5,926

5,895

5,482

5,632

5,195

5,294

Occupancy

4,102

3,895

3,752

3,947

3,240

3,913

3,879

3,959

3,594

3,650

3,657

3,645

3,554

3,411

3,391

3,526

3,482

3,535

3,437

3,472

3,401

3,334

3,154

4,405

3,356

3,312

2,865

3,083

2,759

2,673

2,503

2,676

1,628

1,637

1,499

1,374

1,215

1,128

1,144

1,101

1,015

1,094

Equipment and data processing

4,601

4,749

4,641

4,661

4,626

4,601

4,368

4,618

4,417

4,210

4,164

4,063

4,058

3,826

3,898

3,714

3,537

3,600

3,680

4,020

4,102

4,193

4,348

4,377

4,476

4,061

4,262

4,100

3,127

4,136

3,632

3,645

2,417

2,362

2,290

2,075

1,933

1,874

1,886

1,825

1,868

1,870

Professional services

1,120

1,083

1,087

1,076

1,130

1,075

1,055

1,144

1,200

973

1,036

1,106

927

997

962

966

951

984

1,163

1,094

1,159

991

1,480

1,727

1,330

1,329

1,513

1,501

1,536

1,932

2,554

6,453

1,722

1,406

1,458

789

1,119

668

995

936

566

576

FDIC insurance

53

54

745

593

727

846

514

635

678

842

951

855

655

956

843

878

883

929

831

867

782

873

847

860

724

508

936

934

1,089

973

1,230

920

510

478

324

434

429

418

411

416

435

1,573

Advertising and marketing

828

1,035

1,112

1,069

773

1,068

1,118

1,057

856

839

857

817

823

844

853

861

903

878

823

748

872

745

776

665

807

758

768

670

818

689

774

703

-16

482

517

393

324

359

412

129

283

286

Amortization of Intangible Assets

420

421

420

402

537

537

539

467

519

519

519

532

621

623

621

635

724

725

724

738

827

828

827

861

1,127

1,154

1,177

1,165

1,797

1,271

1,271

1,283

376

443

455

296

306

306

306

306

372

372

Merger and acquisition expense

0

1,125

0

0

526

22

334

2,905

206

205

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Noninterest Expense

38,395

2,958

3,894

3,380

39,745

2,910

3,330

2,839

3,030

3,103

2,701

2,954

2,376

2,362

2,599

2,746

3,061

2,744

2,709

2,863

3,096

2,692

2,488

2,649

2,801

2,845

2,598

3,021

2,470

4,098

2,419

2,081

1,861

2,110

1,539

1,277

1,344

1,245

1,362

1,355

1,410

1,478

Total non-interest expense

38,815

40,191

39,604

38,871

40,282

37,310

37,702

39,938

35,152

35,408

34,795

33,756

32,671

33,388

32,250

32,053

32,329

31,270

30,452

31,326

32,455

31,914

31,215

33,576

31,298

29,556

30,816

30,772

28,836

30,436

28,621

32,449

16,590

17,009

15,877

13,449

12,596

11,893

11,998

11,700

11,144

12,543

Income before provision for income taxes

29,270

30,103

27,251

29,405

29,215

29,374

29,071

25,080

26,518

24,497

24,392

21,848

21,462

22,076

20,837

21,241

22,292

20,346

19,674

19,409

17,938

19,565

16,765

17,343

14,286

14,564

15,247

14,369

19,098

16,898

12,181

11,533

12,571

10,976

12,600

12,558

11,525

12,196

12,122

10,954

9,153

8,048

Provision for income taxes

7,087

7,507

6,780

6,895

7,055

6,140

7,342

5,652

18,712

8,330

8,759

7,835

7,524

7,804

7,465

7,599

8,237

6,897

7,115

7,104

6,586

7,163

6,158

6,379

5,508

4,645

5,382

5,129

6,868

5,176

4,398

4,899

5,211

4,394

5,273

5,008

4,918

4,923

4,876

4,439

3,723

3,245

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

22,183

22,596

20,471

22,510

22,160

23,234

21,729

19,428

7,806

16,167

15,633

14,013

13,938

14,272

13,372

13,642

14,055

13,449

12,559

12,305

11,352

12,402

10,607

10,964

8,778

9,919

9,865

9,240

12,230

11,722

7,783

6,634

7,360

6,582

7,327

7,550

6,607

7,273

7,246

6,515

5,430

4,803

Net Income (Loss) Attributable to Noncontrolling Interest

0

0

0

43

1,022

774

898

795

979

801

753

568

659

655

718

830

729

561

694

602

477

662

476

422

495

490

375

427

367

321

254

285

303

307

326

283

209

235

163

162

188

125

Net Income (Loss) Attributable to Parent

22,183

22,596

20,471

22,467

21,138

22,460

20,831

18,633

6,827

15,366

14,880

13,445

13,279

13,617

12,654

12,812

13,326

12,888

11,865

11,703

10,875

11,740

10,131

10,542

8,283

9,429

9,490

8,813

11,863

11,401

7,529

6,349

7,057

6,275

7,001

7,267

6,398

7,038

7,083

6,353

5,242

4,678

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.28

0.28

0.26

0.28

0.26

0.28

0.26

0.24

0.09

0.20

0.20

0.19

0.19

0.19

0.18

0.18

0.19

0.18

0.17

0.17

0.15

0.17

0.15

0.15

0.11

0.14

0.14

0.13

0.17

0.16

0.11

0.09

0.12

0.11

0.12

0.12

0.11

0.12

0.12

0.11

0.09

0.08

Earnings Per Share, Diluted

0.28

0.28

0.26

0.28

0.26

0.28

0.26

0.24

0.09

0.20

0.20

0.19

0.19

0.19

0.18

0.18

0.19

0.18

0.17

0.17

0.16

0.17

0.14

0.15

0.12

0.13

0.14

0.13

0.17

0.16

0.11

0.09

0.12

0.11

0.12

0.12

0.11

0.12

0.12

0.11

0.09

0.08

Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic

79,682

79,700

79,669

79,658

80,258

80,315

80,184

77,879

76,673

76,452

74,325

70,386

70,364

70,299

70,196

70,186

70,179

70,129

70,049

70,036

70,028

69,989

69,886

69,875

69,864

69,830

69,774

69,762

69,751

69,716

69,677

69,664

58,652

58,640

58,629

58,611

58,598

58,586

58,574

58,554

58,522

58,491

Weighted Average Number of Shares Outstanding, Diluted

79,845

79,883

79,886

79,843

80,407

80,515

80,505

78,167

76,832

76,759

74,810

70,844

70,593

70,450

70,388

70,343

70,323

70,240

70,215

70,164

70,133

70,088

70,012

69,983

69,957

69,913

69,833

69,830

69,848

69,754

69,715

69,665

58,655

58,640

58,630

58,618

58,604

58,588

58,579

58,559

58,529

58,495

Dividends declared per common share (in dollars per share)

0.12

0.11

0.11

0.10

0.10

0.10

0.10

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.09

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

-

-

-

0.08

-

-

-

-

-

-

Deposit fees
Non-interest income, fees

2,710

2,710

2,680

2,523

2,669

2,648

2,620

2,463

2,699

2,547

2,552

2,252

2,817

2,289

2,216

2,145

2,747

2,261

2,195

2,066

2,177

2,352

2,204

1,959

2,188

1,989

1,929

2,066

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan fees
Non-interest income, fees

567

719

398

413

390

417

330

290

338

282

229

261

352

330

287

330

368

205

271

342

223

227

126

434

312

296

386

421

-

-

-

-

-

-

-

-

-

-

-

-

-

-