This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brookline Bancorp Announces Third Quarter Net Income Of $9.4 Million, EPS Of $0.14

Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $9.4 million, or $0.14 per basic share and $0.13 per diluted share, for the third quarter of 2013, compared to $9.5 million, or $0.14 per basic and diluted share, for the second quarter of 2013, and $11.4 million, or $0.16 per basic and diluted share, for the third quarter of 2012.

Paul Perrault, President and Chief Executive Officer of Brookline Bancorp, Inc., stated: “Brookline delivered another solid quarter for our shareholders in what continues to be a challenging environment. We are pleased to report growth in commercial real estate loans, commercial loans and deposits—growth that reflects the hard work of our dedicated bankers in a very competitive marketplace as well as the strength of our commercial banking niche. We are also pleased to report continuing declines in nonperforming assets to 0.32 percent of total assets, a level that is one of the lowest amongst our peers.”


Total assets increased $85.7 million during the third quarter of 2013 to $5.2 billion at September 30, 2013, and increased $174.8 million from $5.1 billion at September 30, 2012. The growth in total assets during the third quarter of 2013 is primarily driven by loans and leases, which increased $94.5 million to $4.3 billion at September 30, 2013, representing 9 percent growth on an annualized basis. At September 30, 2013, the commercial real estate and commercial loan and lease portfolios totaled $3.1 billion, or 71.7 percent of total loans and leases, as compared to $3.0 billion, or 70.2 percent at June 30, 2013, and $2.8 billion, or 67.4 percent at September 30, 2012. Strong loan growth continued in our commercial real estate portfolio, which increased $61.8 million during the third quarter of 2013, or 12 percent on an annualized basis. This growth offsets the decrease of $38.8 million in the indirect automobile portfolio during the same period.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs