Last $8.91 USD
Change Today -0.10 / -1.11%
Volume 489.7K
BRKL On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 4:30 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

brookline bancorp inc (BRKL) Key Developments

Brookline Bancorp Mulls Acquisitions

Brookline Bancorp, Inc. (NasdaqGS:BRKL) is seeking acquisitions. Brookline Bancorp announced that it has commenced a public offering of $50 million of its fixed-to-floating rate subordinated notes due September 15, 2029. Brookline Bancorp plans to use the net proceeds from the offering for general corporate purposes, which may include supporting the continued growth of its business, acquisitions and repurchases of common stock.

Brookline Bancorp Seeks Acquisitions

Brookline Bancorp, Inc. (NasdaqGS:BRKL) has filed a shelf registration in the amount of $200 million. Brookline Bancorp intends to use the net proceeds from sale of the securities covered by this prospectus for general corporate purposes, which may include refinancing, reducing or repaying debt; investments in the Banks and other subsidiaries as regulatory capital; financing possible investments or acquisition; expansion of the business; and investments at the holding company level.

Brookline Bancorp, Inc. Approves Dividend, Payable on August 29, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Brookline Bancorp, Inc. announced that its Board of Directors approved a dividend of $0.085 per share. The dividend will be paid on August 29, 2014 to shareholders of record on August 15, 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $46,434,000 compared to $45,363,000 a year ago. Income before income taxes was $16,226,000 compared to $15,247,000 a year ago. Net income attributable to the company was $9,976,000 or $0.14 basic and diluted per share compared to $9,490,000 or $011 per basic and diluted share for the same period a year ago. Return on average assets decreased to 0.73% from 0.78% for the first quarter of 2014. The return on average tangible assets decreased to 0.75% from 0.80% for the first quarter of 2014. The return on average stockholders' equity decreased to 6.37% from 6.70% for the first quarter of 2014. The return on average tangible stockholders' equity decreased to 8.44% from 8.92% for the first quarter of 2014. For the six months period, the company reported net interest income of $94,168,000 compared to $89,030,000 a year ago. Income before income taxes was $33,065,000 compared to $29,617,000 a year ago. Net income attributable to the company was $20,398,000 or $0.29 basic and diluted per share compared to $18,304,000 or $0.26 basic and diluted per share a year ago. Tangible book value per common share was $6.79 as on June 30, 2014 compared to $6.51 as on June 30, 2013. For the second quarter ended June 30, 2014, the company reported net charge-offs of $720,000 compared to $639,000 a year ago.

Brookline Bancorp, Inc. to Report Q2, 2014 Results on Jul 30, 2014

Brookline Bancorp, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

Brookline Bancorp, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Brookline Bancorp, Inc., Q2 2014 Earnings Call, Jul 31, 2014

 

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BRKL

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Valuation BRKL Industry Range
Price/Earnings 16.8x
Price/Sales 3.4x
Price/Book 1.0x
Price/Cash Flow 16.8x
TEV/Sales NM Not Meaningful
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