{"id":725860,"date":"2023-01-25T16:13:25","date_gmt":"2023-01-25T21:13:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brookline-bancorp-announces-fourth-quarter-results-3\/"},"modified":"2023-01-25T16:13:25","modified_gmt":"2023-01-25T21:13:25","slug":"brookline-bancorp-announces-fourth-quarter-results-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookline-bancorp-announces-fourth-quarter-results-3\/","title":{"rendered":"Brookline Bancorp Announces Fourth Quarter Results"},"content":{"rendered":"

\nNet Income of $29.7 million, EPS of $0.39
\n<\/h2>\n
\n

BOSTON, Jan. 25, 2023 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (NASDAQ: BRKL) (the \u201cCompany\u201d) today announced net income of $29.7 million, or $0.39 per basic and diluted share, for the fourth quarter of 2022, compared to $30.1 million, or $0.39 per basic and diluted share, for the third quarter of 2022, and $28.5 million, or $0.37 per basic and diluted share, for the fourth quarter of 2021.<\/p>\n

For the year ended December\u00a031, 2022, the Company reported net income of $109.7 million, or $1.42 per basic and diluted share. This compared to $115.4 million, or $1.48 per basic and diluted share, for the year ended December\u00a031, 2021.<\/p>\n

Paul Perrault, Chairman and Chief Executive Officer, commented on the Company\u2019s performance, \u201cBrookline Bancorp had an excellent year in 2022. We again finished the year with exceptional loan growth and are well positioned as we look forward to 2023. We are pleased to welcome PCSB Bank to our family of banks and look forward to their contributions to our Company in the years to come. I would like to recognize the continued contributions of our colleagues to our Company in 2022.”<\/p>\n

\n BALANCE SHEET<\/strong>\n <\/p>\n

Total assets at December\u00a031, 2022 increased $526.8 million to $9.2 billion from $8.7 billion at September\u00a030, 2022, and increased $619.9 million from $8.6 billion at December\u00a031, 2021.<\/p>\n

At December\u00a031, 2022, total loans and leases were $7.6 billion, representing an increase of $223.1 million from September\u00a030, 2022, and an increase of $489.9 million from December\u00a031, 2021. The loan portfolio grew $223.1 million in the fourth quarter compared to growth of $129.4 million in the third quarter.<\/p>\n

Total investment securities at December\u00a031, 2022 decreased $18.9 million to $656.8 million from $675.7 million at September\u00a030, 2022, and decreased $64.1 million from $720.9 million at December\u00a031, 2021. Total cash and cash equivalents at December\u00a031, 2022 increased $270.5 million to $383.0 million from $112.5 million at September\u00a030, 2022, and increased $55.3 million from $327.7 million at December\u00a031, 2021. As of December\u00a031, 2022, total investment securities and total cash and cash equivalents represented 11.3 percent of total assets as compared to 9.1 percent and 12.2 percent as of September\u00a030, 2022 and December\u00a031, 2021, respectively.<\/p>\n

Total deposits at December\u00a031, 2022 decreased $213.5 million to $6.5 billion from $6.7 billion at September\u00a030, 2022 and decreased $527.8 million from $7.0 billion at December\u00a031, 2021.<\/p>\n

Total borrowed funds at December\u00a031, 2022 increased $673.9 million to $1.4 billion from $0.8 billion at September\u00a030, 2022 and increased $1.0 billion from $0.4 billion at December\u00a031, 2021.<\/p>\n

The ratio of stockholders\u2019 equity to total assets was 10.76 percent at December\u00a031, 2022, as compared to 11.08 percent at September\u00a030, 2022, and 11.57 percent at December\u00a031, 2021. The ratio of tangible stockholders\u2019 equity to tangible assets (non-GAAP) was 9.16 percent at December\u00a031, 2022, as compared to 9.39 percent at September\u00a030, 2022, and 9.87 percent at December\u00a031, 2021. Tangible book value per common share (non-GAAP) increased $0.37 from $10.43 at September\u00a030, 2022 to $10.80 at December\u00a031, 2022, compared to $10.73 at December\u00a031, 2021.<\/p>\n

\n NET INTEREST INCOME<\/strong>\n <\/p>\n

Net interest income increased $2.0 million to $80.0 million during the fourth quarter of 2022 from $78.0 million for the quarter ended September\u00a030, 2022. The net interest margin increased 1 basis point to 3.81 percent for the three months ended December\u00a031, 2022 from 3.80 percent for the three months ended September\u00a030, 2022.<\/p>\n

\n NON-INTEREST INCOME<\/strong>\n <\/p>\n

Total non-interest income for the quarter ended December\u00a031, 2022 increased $2.3 million to $9.1 million from $6.8 million for the quarter ended September\u00a030, 2022. The increase was primarily driven by increases of $1.7 million in gain on sales of loans and leases, $0.5 million in other non-interest income, $0.3 million in gain on securities, net, $0.2 million in deposit fees, and $0.1 million in loan fees, partially offset by a decrease of $0.6 million in loan level derivative income, net.<\/p>\n

\n PROVISION FOR CREDIT LOSSES<\/strong>\n <\/p>\n

The Company recorded a provision for credit losses of $5.7 million for the quarter ended December\u00a031, 2022, compared to $2.8 million for the quarter ended September\u00a030, 2022. The $2.9 million increase in provision for credit losses, or 3 cents per share after tax, was due to strong growth in loans and commitments.<\/p>\n

Total net charge-offs for the fourth quarter of 2022 were $0.3 million compared to total net recoveries of $0.2 million in the third quarter of 2022. The increase was primarily driven by an increase in net charge-offs on equipment financing loans of $0.5 million. The ratio of net loan and lease charge-offs to average loans and leases on an annualized basis increased to 2 basis points for the fourth quarter of 2022 from a negative 1 basis point for the third quarter of 2022.<\/p>\n

The allowance for loan and lease losses represented 1.29 percent of total loans and leases at December\u00a031, 2022, compared to 1.27 percent at September\u00a030, 2022, and 1.38 percent at December\u00a031, 2021.<\/p>\n

\n ASSET QUALITY<\/strong>\n <\/p>\n

The ratio of total nonperforming loans and leases to total loans and leases was 0.19 percent at December\u00a031, 2022 as compared to 0.24 percent at September\u00a030, 2022. Total nonaccrual loans and leases decreased $2.8\u00a0million to $14.9 million at December\u00a031, 2022 from $17.7 million at September\u00a030, 2022. The ratio of nonperforming assets to total assets was 0.17 percent at December\u00a031, 2022 as compared to 0.21 percent at September\u00a030, 2022. Total nonperforming assets decreased $3.0 million to $15.3 million at December\u00a031, 2022 from $18.3 million at September\u00a030, 2022.<\/p>\n

\n NON-INTEREST EXPENSE<\/strong>\n <\/p>\n

Non-interest expense for the quarter ended December\u00a031, 2022 increased $2.2 million to $47.2 million from $45.0 million for the quarter ended September\u00a030, 2022. The increase was primarily driven by increases of $1.2 million in compensation and employee benefits, $0.7 million in equipment and data processing expense, $0.5 million in professional services expense, $0.3 million in FDIC insurance expense, $0.2 million in other non-interest expense, and $0.1 million in occupancy expense, partially offset by a decrease of $0.4 million in merger and acquisition expense and a decrease of $0.3 million in advertising and marketing expense.<\/p>\n

\n PROVISION FOR INCOME TAXES<\/strong>\n <\/p>\n

The effective tax rate was 17.8 percent and 21.6 percent for the three and twelve months ended December\u00a031, 2022 compared to 18.7 percent for the three months ended September\u00a030, 2022 and 25.9 percent and 25.3 percent for the three and twelve months ended December\u00a031, 2021.<\/p>\n

\n RETURNS ON AVERAGE ASSETS AND AVERAGE EQUITY<\/strong>\n <\/p>\n

The annualized return on average assets decreased to 1.34 percent during the fourth quarter of 2022 compared to 1.40 percent for the third quarter of 2022; and was 1.27 percent for the year ended December\u00a031, 2022, compared to 1.36 percent for the year ended December\u00a031, 2021.<\/p>\n

The annualized return on average tangible stockholders’ equity decreased to 14.48 percent during the fourth quarter of 2022 compared to 14.72 percent for the third quarter of 2022; and was 13.35 percent for the year ended December\u00a031, 2022 compared to 14.35 percent for the year ended December\u00a031, 2021.<\/p>\n

\n DIVIDEND DECLARED<\/strong>\n <\/p>\n

The Company\u2019s Board approved a dividend of $0.135 per share for the quarter ended December\u00a031, 2022. The dividend will be paid on February 24, 2023 to stockholders of record on February 10, 2023.<\/p>\n

\n PCSB ACQUISITION<\/strong>\n <\/p>\n

On January 1, 2023, the Company completed its previously announced acquisition (the \u201cmerger\u201d) of PCSB Financial Corporation (\u201cPCSB\u201d). Pursuant to the merger agreement, each share of PCSB common stock outstanding at the effective time of the merger was converted into the right to receive, at the holder\u2019s election, either $22.00 in cash consideration or 1.3284 shares of Company common stock for each share of PCSB common stock, subject to allocation procedures to ensure that 60% of the outstanding shares of PCSB common stock was converted to Company common stock. PCSB\u2019s bank subsidiary, PCSB Bank, now operates as a separate subsidiary of the Company and has 15 banking offices throughout the Lower Hudson Valley of New York State.<\/p>\n

\n CONFERENCE CALL<\/strong>\n <\/p>\n

The Company will conduct a conference call\/webcast at 1:30 PM Eastern Time on Thursday, January 26, 2023 to discuss the results for the quarter, business highlights and outlook. A copy of the Earnings Presentation is available on the Company\u2019s website, www.brooklinebancorp.com<\/u><\/a>. To listen to the call and view the Company\u2019s Earnings Presentation, please join the call via https:\/\/events.q4inc.com\/attendee\/914981409<\/u><\/a>. To listen to the call without access to the slides, please dial 844-200-6205 (United States) or 929-526-1599 (internationally) and ask for the Brookline Bancorp, Inc. call (Access Code 718736). A recording of the call will be available for one week following the call on the Company\u2019s website under \u201cInvestor Relations\u201d or by dialing 866-813-9403 (United States) or 929-458-6194 (internationally) and entering the passcode: 959089.<\/p>\n

\n ABOUT BROOKLINE BANCORP, INC.<\/strong>\n <\/p>\n

Brookline Bancorp, Inc., a bank holding company with approximately $11 billion in assets and branch locations in eastern Massachusetts, Rhode Island and the Lower Hudson Valley of New York State, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank, Bank Rhode Island, and PCSB Bank. The Company provides commercial and retail banking services and cash management and investment services to customers throughout Central New England and the Lower Hudson Valley of New York State. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: www.brooklinebank.com, www.bankri.com and www.pcsb.com.<\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/strong>\n <\/p>\n

Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange Commission (“SEC”), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward looking statements by the use of the words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cassume,\u201d \u201coutlook,\u201d \u201cwill,\u201d \u201cshould,\u201d and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company\u2019s business, credit quality, financial condition, liquidity and results of operations. Forward-looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company\u2019s control. These include, but are not limited to, the Company\u2019s ability to achieve the synergies and value creation contemplated by the acquisition of PCSB; turbulence in the capital and debt markets; changes in interest rates; competitive pressures from other financial institutions; general economic conditions (including inflation) on a national basis or in the local markets in which the Company operates; changes in consumer behavior due to changing political, business and economic conditions, or legislative or regulatory initiatives; changes in the value of securities and other assets in the Company\u2019s investment portfolio; increases in loan and lease default and charge-off rates; the adequacy of allowances for loan and lease losses; decreases in deposit levels that necessitate increases in borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, the ongoing COVID-19 pandemic and future pandemics; changes in regulation; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions and adverse economic developments; the risk that goodwill and intangibles recorded in the Company\u2019s financial statements will become impaired; and changes in assumptions used in making such forward-looking statements. Forward-looking statements involve risks and uncertainties which are difficult to predict. The Company\u2019s actual results could differ materially from those projected in the forward-looking statements as a result of, among others, the risks outlined in the Company\u2019s Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.<\/p>\n

\n BASIS OF PRESENTATION<\/strong>\n <\/p>\n

The Company’s consolidated financial statements have been prepared in conformity with generally accepted accounting principles (\u201cGAAP\u201d) as set forth by the Financial Accounting Standards Board in its Accounting Standards Codification and through the rules and interpretive releases of the SEC under the authority of federal securities laws. Certain amounts previously reported have been reclassified to conform to the current period’s presentation.<\/p>\n

\n NON-GAAP FINANCIAL MEASURES<\/strong>\n <\/p>\n

The Company uses certain non-GAAP financial measures, such as operating earnings, operating earnings per common share, operating return on average assets, operating return on average tangible assets, operating return on average stockholders’ equity, operating return on average tangible stockholders’ equity, tangible book value per common share, tangible stockholders\u2019 equity to tangible assets, return on average tangible assets (annualized) and return on average tangible stockholders’ equity (annualized). These non-GAAP financial measures provide information for investors to effectively analyze financial trends of ongoing business activities, and to enhance comparability with peers across the financial services sector. A detailed reconciliation table of the Company’s GAAP to the non-GAAP measures is attached.<\/p>\n

\n INVESTOR RELATIONS:<\/strong>\n <\/p>\n\n\n\n\n\n\n
Contact:<\/td>\nCarl M. Carlson<\/td>\n<\/tr>\n
\u00a0<\/td>\nBrookline Bancorp, Inc.<\/td>\n<\/tr>\n
\u00a0<\/td>\nCo-President and Chief Financial Officer<\/td>\n<\/tr>\n
\u00a0<\/td>\n(617) 425-5331<\/td>\n<\/tr>\n
\u00a0<\/td>\nccarlson@brkl.com<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Selected Financial Highlights (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n At and for the Three Months Ended<\/strong>\n <\/td>\n\n At and for the Twelve Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n September 30, 2022<\/strong>\n <\/td>\n\n June 30,
2022<\/strong>\n <\/td>\n		\n March 31, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n(Dollars In Thousands Except per Share Data)<\/td>\n<\/tr>\n
\n Earnings Data:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income<\/td>\n$<\/td>\n80,030<\/td>\n\u00a0<\/td>\n$<\/td>\n78,026<\/td>\n\u00a0<\/td>\n$<\/td>\n71,867<\/td>\n\u00a0<\/td>\n$<\/td>\n69,848<\/td>\n\u00a0<\/td>\n$<\/td>\n71,461<\/td>\n\u00a0<\/td>\n$<\/td>\n299,771<\/td>\n\u00a0<\/td>\n$<\/td>\n282,373<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision (credit) for credit losses<\/td>\n\u00a0<\/td>\n5,725<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,835<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(160<\/td>\n)<\/td>\n\u00a0<\/td>\n751<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,627<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,837<\/td>\n)<\/td>\n<\/tr>\n
Non-interest income<\/td>\n\u00a0<\/td>\n9,056<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,529<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,699<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-interest expense<\/td>\n\u00a0<\/td>\n47,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,871<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,487<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,909<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n179,542<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before provision for income taxes<\/td>\n\u00a0<\/td>\n36,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,066<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,697<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n154,591<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n29,695<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,195<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,705<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Performance Ratios:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest margin (1)<\/td>\n\u00a0<\/td>\n3.81<\/td>\n%<\/td>\n\u00a0<\/td>\n3.80<\/td>\n%<\/td>\n\u00a0<\/td>\n3.56<\/td>\n%<\/td>\n\u00a0<\/td>\n3.49<\/td>\n%<\/td>\n\u00a0<\/td>\n3.52<\/td>\n%<\/td>\n\u00a0<\/td>\n3.67<\/td>\n%<\/td>\n\u00a0<\/td>\n3.49<\/td>\n%<\/td>\n<\/tr>\n
Interest-rate spread (1)<\/td>\n\u00a0<\/td>\n3.35<\/td>\n%<\/td>\n\u00a0<\/td>\n3.58<\/td>\n%<\/td>\n\u00a0<\/td>\n3.41<\/td>\n%<\/td>\n\u00a0<\/td>\n3.31<\/td>\n%<\/td>\n\u00a0<\/td>\n3.42<\/td>\n%<\/td>\n\u00a0<\/td>\n3.40<\/td>\n%<\/td>\n\u00a0<\/td>\n3.32<\/td>\n%<\/td>\n<\/tr>\n
Return on average assets (annualized)<\/td>\n\u00a0<\/td>\n1.34<\/td>\n%<\/td>\n\u00a0<\/td>\n1.40<\/td>\n%<\/td>\n\u00a0<\/td>\n1.18<\/td>\n%<\/td>\n\u00a0<\/td>\n1.16<\/td>\n%<\/td>\n\u00a0<\/td>\n1.35<\/td>\n%<\/td>\n\u00a0<\/td>\n1.27<\/td>\n%<\/td>\n\u00a0<\/td>\n1.36<\/td>\n%<\/td>\n<\/tr>\n
Return on average tangible assets (annualized) (non-GAAP)<\/td>\n\u00a0<\/td>\n1.37<\/td>\n%<\/td>\n\u00a0<\/td>\n1.43<\/td>\n%<\/td>\n\u00a0<\/td>\n1.21<\/td>\n%<\/td>\n\u00a0<\/td>\n1.18<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n1.30<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n<\/tr>\n
Return on average stockholders’ equity (annualized)<\/td>\n\u00a0<\/td>\n12.09<\/td>\n%<\/td>\n\u00a0<\/td>\n12.29<\/td>\n%<\/td>\n\u00a0<\/td>\n10.32<\/td>\n%<\/td>\n\u00a0<\/td>\n9.91<\/td>\n%<\/td>\n\u00a0<\/td>\n11.56<\/td>\n%<\/td>\n\u00a0<\/td>\n11.15<\/td>\n%<\/td>\n\u00a0<\/td>\n11.93<\/td>\n%<\/td>\n<\/tr>\n
Return on average tangible stockholders’ equity (annualized) (non-GAAP)<\/td>\n\u00a0<\/td>\n14.48<\/td>\n%<\/td>\n\u00a0<\/td>\n14.72<\/td>\n%<\/td>\n\u00a0<\/td>\n12.39<\/td>\n%<\/td>\n\u00a0<\/td>\n11.84<\/td>\n%<\/td>\n\u00a0<\/td>\n13.84<\/td>\n%<\/td>\n\u00a0<\/td>\n13.35<\/td>\n%<\/td>\n\u00a0<\/td>\n14.35<\/td>\n%<\/td>\n<\/tr>\n
Efficiency ratio (2)<\/td>\n\u00a0<\/td>\n53.01<\/td>\n%<\/td>\n\u00a0<\/td>\n52.98<\/td>\n%<\/td>\n\u00a0<\/td>\n56.95<\/td>\n%<\/td>\n\u00a0<\/td>\n56.37<\/td>\n%<\/td>\n\u00a0<\/td>\n52.23<\/td>\n%<\/td>\n\u00a0<\/td>\n54.72<\/td>\n%<\/td>\n\u00a0<\/td>\n52.56<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Per Common Share Data:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income \u2014 Basic<\/td>\n$<\/td>\n0.39<\/td>\n\u00a0<\/td>\n$<\/td>\n0.39<\/td>\n\u00a0<\/td>\n$<\/td>\n0.33<\/td>\n\u00a0<\/td>\n$<\/td>\n0.32<\/td>\n\u00a0<\/td>\n$<\/td>\n0.37<\/td>\n\u00a0<\/td>\n$<\/td>\n1.42<\/td>\n\u00a0<\/td>\n$<\/td>\n1.48<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income \u2014 Diluted<\/td>\n\u00a0<\/td>\n0.39<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.39<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.32<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.37<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.42<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.48<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash dividends declared<\/td>\n\u00a0<\/td>\n0.135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.530<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.490<\/td>\n\u00a0<\/td>\n<\/tr>\n
Book value per share (end of period)<\/td>\n\u00a0<\/td>\n12.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.54<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.65<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.82<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.82<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible book value per common share (end of period) (non-GAAP)<\/td>\n\u00a0<\/td>\n10.80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.43<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.51<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.56<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.73<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock price (end of period)<\/td>\n\u00a0<\/td>\n14.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.65<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.82<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.19<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Balance Sheet:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n9,222,553<\/td>\n\u00a0<\/td>\n$<\/td>\n8,695,708<\/td>\n\u00a0<\/td>\n$<\/td>\n8,514,230<\/td>\n\u00a0<\/td>\n$<\/td>\n8,633,736<\/td>\n\u00a0<\/td>\n$<\/td>\n8,602,622<\/td>\n\u00a0<\/td>\n$<\/td>\n9,222,553<\/td>\n\u00a0<\/td>\n$<\/td>\n8,602,622<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total loans and leases<\/td>\n\u00a0<\/td>\n7,644,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,421,304<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,291,912<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,223,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,154,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,644,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,154,457<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total deposits<\/td>\n\u00a0<\/td>\n6,522,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,735,605<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,894,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,094,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,049,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,522,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,049,906<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n992,125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n963,618<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n968,496<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n981,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n995,342<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n992,125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n995,342<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Asset Quality:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming assets<\/td>\n$<\/td>\n15,302<\/td>\n\u00a0<\/td>\n$<\/td>\n18,312<\/td>\n\u00a0<\/td>\n$<\/td>\n21,259<\/td>\n\u00a0<\/td>\n$<\/td>\n26,506<\/td>\n\u00a0<\/td>\n$<\/td>\n33,177<\/td>\n\u00a0<\/td>\n$<\/td>\n15,302<\/td>\n\u00a0<\/td>\n$<\/td>\n33,177<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming assets as a percentage of total assets<\/td>\n\u00a0<\/td>\n0.17<\/td>\n%<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n\u00a0<\/td>\n0.25<\/td>\n%<\/td>\n\u00a0<\/td>\n0.31<\/td>\n%<\/td>\n\u00a0<\/td>\n0.39<\/td>\n%<\/td>\n\u00a0<\/td>\n0.17<\/td>\n%<\/td>\n\u00a0<\/td>\n0.39<\/td>\n%<\/td>\n<\/tr>\n
Allowance for loan and lease losses<\/td>\n$<\/td>\n98,482<\/td>\n\u00a0<\/td>\n$<\/td>\n94,169<\/td>\n\u00a0<\/td>\n$<\/td>\n93,188<\/td>\n\u00a0<\/td>\n$<\/td>\n95,463<\/td>\n\u00a0<\/td>\n$<\/td>\n99,084<\/td>\n\u00a0<\/td>\n$<\/td>\n98,482<\/td>\n\u00a0<\/td>\n$<\/td>\n99,084<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for loan and lease losses as a percentage of total loans and leases<\/td>\n\u00a0<\/td>\n1.29<\/td>\n%<\/td>\n\u00a0<\/td>\n1.27<\/td>\n%<\/td>\n\u00a0<\/td>\n1.28<\/td>\n%<\/td>\n\u00a0<\/td>\n1.32<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n1.29<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n<\/tr>\n
Net loan and lease charge-offs (recoveries)<\/td>\n$<\/td>\n310<\/td>\n\u00a0<\/td>\n$<\/td>\n(179<\/td>\n)<\/td>\n$<\/td>\n1,242<\/td>\n\u00a0<\/td>\n$<\/td>\n1,947<\/td>\n\u00a0<\/td>\n$<\/td>\n2,124<\/td>\n\u00a0<\/td>\n$<\/td>\n3,320<\/td>\n\u00a0<\/td>\n$<\/td>\n5,734<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loan and lease charge-offs as a percentage of average loans and leases (annualized)<\/td>\n\u00a0<\/td>\n0.02<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.07<\/td>\n%<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n0.12<\/td>\n%<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Capital Ratios:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders\u2019 equity to total assets<\/td>\n\u00a0<\/td>\n10.76<\/td>\n%<\/td>\n\u00a0<\/td>\n11.08<\/td>\n%<\/td>\n\u00a0<\/td>\n11.38<\/td>\n%<\/td>\n\u00a0<\/td>\n11.37<\/td>\n%<\/td>\n\u00a0<\/td>\n11.57<\/td>\n%<\/td>\n\u00a0<\/td>\n10.76<\/td>\n%<\/td>\n\u00a0<\/td>\n11.57<\/td>\n%<\/td>\n<\/tr>\n
Tangible stockholders\u2019 equity to tangible assets (non-GAAP)<\/td>\n\u00a0<\/td>\n9.16<\/td>\n%<\/td>\n\u00a0<\/td>\n9.39<\/td>\n%<\/td>\n\u00a0<\/td>\n9.65<\/td>\n%<\/td>\n\u00a0<\/td>\n9.67<\/td>\n%<\/td>\n\u00a0<\/td>\n9.87<\/td>\n%<\/td>\n\u00a0<\/td>\n9.16<\/td>\n%<\/td>\n\u00a0<\/td>\n9.87<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(1) Calculated on a fully tax-equivalent basis.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(2) Calculated as non-interest expense as a percentage of net interest income plus non-interest income.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Consolidated Balance Sheets (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n September 30, 2022<\/strong>\n <\/td>\n\n June 30, 2022<\/strong>\n <\/td>\n\n March 31, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\n
\n ASSETS<\/em>
\n <\/strong>\n <\/td>\n		(In Thousands Except Share Data)<\/td>\n<\/tr>\n
Cash and due from banks<\/td>\n$<\/td>\n191,767<\/td>\n$<\/td>\n65,638<\/td>\n$<\/td>\n50,429<\/td>\n$<\/td>\n89,032<\/td>\n$<\/td>\n66,265<\/td>\n<\/tr>\n
Short-term investments<\/td>\n191,192<\/td>\n46,873<\/td>\n39,900<\/td>\n204,239<\/td>\n261,472<\/td>\n<\/tr>\n
Total cash and cash equivalents<\/td>\n382,959<\/td>\n112,511<\/td>\n90,329<\/td>\n293,271<\/td>\n327,737<\/td>\n<\/tr>\n
Investment securities available-for-sale<\/td>\n656,766<\/td>\n675,692<\/td>\n717,818<\/td>\n730,562<\/td>\n720,866<\/td>\n<\/tr>\n
Total investment securities<\/td>\n656,766<\/td>\n675,692<\/td>\n717,818<\/td>\n730,562<\/td>\n720,866<\/td>\n<\/tr>\n
Loans and leases:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate loans<\/td>\n4,404,148<\/td>\n4,269,512<\/td>\n4,225,754<\/td>\n4,235,325<\/td>\n4,103,040<\/td>\n<\/tr>\n
Commercial loans and leases<\/td>\n2,016,499<\/td>\n1,933,645<\/td>\n1,860,182<\/td>\n1,800,383<\/td>\n1,887,136<\/td>\n<\/tr>\n
Consumer loans<\/td>\n1,223,741<\/td>\n1,218,147<\/td>\n1,205,976<\/td>\n1,187,422<\/td>\n1,164,281<\/td>\n<\/tr>\n
Total loans and leases<\/td>\n7,644,388<\/td>\n7,421,304<\/td>\n7,291,912<\/td>\n7,223,130<\/td>\n7,154,457<\/td>\n<\/tr>\n
Allowance for loan and lease losses<\/td>\n(98,482)<\/td>\n(94,169)<\/td>\n(93,188)<\/td>\n(95,463)<\/td>\n(99,084)<\/td>\n<\/tr>\n
Net loans and leases<\/td>\n7,545,906<\/td>\n7,327,135<\/td>\n7,198,724<\/td>\n7,127,667<\/td>\n7,055,373<\/td>\n<\/tr>\n
Restricted equity securities<\/td>\n71,307<\/td>\n44,760<\/td>\n35,406<\/td>\n29,066<\/td>\n28,981<\/td>\n<\/tr>\n
Premises and equipment, net of accumulated depreciation<\/td>\n71,391<\/td>\n69,912<\/td>\n69,557<\/td>\n69,365<\/td>\n70,359<\/td>\n<\/tr>\n
Right-of-use asset operating leases<\/td>\n19,484<\/td>\n18,614<\/td>\n18,226<\/td>\n19,571<\/td>\n20,508<\/td>\n<\/tr>\n
Deferred tax asset<\/td>\n52,237<\/td>\n56,894<\/td>\n50,736<\/td>\n46,886<\/td>\n38,987<\/td>\n<\/tr>\n
Goodwill<\/td>\n160,427<\/td>\n160,427<\/td>\n160,427<\/td>\n160,427<\/td>\n160,427<\/td>\n<\/tr>\n
Identified intangible assets, net of accumulated amortization<\/td>\n1,781<\/td>\n1,902<\/td>\n2,022<\/td>\n2,142<\/td>\n2,276<\/td>\n<\/tr>\n
Other real estate owned and repossessed assets<\/td>\n408<\/td>\n591<\/td>\n507<\/td>\n990<\/td>\n718<\/td>\n<\/tr>\n
Other assets<\/td>\n259,887<\/td>\n227,270<\/td>\n170,478<\/td>\n153,789<\/td>\n176,390<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n9,222,553<\/td>\n$<\/td>\n8,695,708<\/td>\n$<\/td>\n8,514,230<\/td>\n$<\/td>\n8,633,736<\/td>\n$<\/td>\n8,602,622<\/td>\n<\/tr>\n
\n
\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Demand checking accounts<\/td>\n$<\/td>\n1,802,518<\/td>\n$<\/td>\n1,848,562<\/td>\n$<\/td>\n1,845,365<\/td>\n$<\/td>\n1,903,331<\/td>\n$<\/td>\n1,888,462<\/td>\n<\/tr>\n
NOW accounts<\/td>\n544,118<\/td>\n597,870<\/td>\n628,791<\/td>\n627,904<\/td>\n604,097<\/td>\n<\/tr>\n
Savings accounts<\/td>\n762,271<\/td>\n824,789<\/td>\n894,926<\/td>\n967,183<\/td>\n915,804<\/td>\n<\/tr>\n
Money market accounts<\/td>\n2,174,952<\/td>\n2,405,680<\/td>\n2,402,992<\/td>\n2,432,377<\/td>\n2,358,306<\/td>\n<\/tr>\n
Certificate of deposit accounts<\/td>\n928,143<\/td>\n924,771<\/td>\n1,006,786<\/td>\n1,048,036<\/td>\n1,117,695<\/td>\n<\/tr>\n
Brokered deposit accounts<\/td>\n310,144<\/td>\n133,933<\/td>\n115,597<\/td>\n115,547<\/td>\n165,542<\/td>\n<\/tr>\n
Total deposits<\/td>\n6,522,146<\/td>\n6,735,605<\/td>\n6,894,457<\/td>\n7,094,378<\/td>\n7,049,906<\/td>\n<\/tr>\n
Borrowed funds:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Advances from the FHLBB<\/td>\n1,237,823<\/td>\n557,895<\/td>\n307,967<\/td>\n201,236<\/td>\n147,907<\/td>\n<\/tr>\n
Subordinated debentures and notes<\/td>\n84,044<\/td>\n84,008<\/td>\n83,970<\/td>\n83,934<\/td>\n83,897<\/td>\n<\/tr>\n
Other borrowed funds<\/td>\n110,785<\/td>\n116,865<\/td>\n86,263<\/td>\n107,727<\/td>\n125,517<\/td>\n<\/tr>\n
Total borrowed funds<\/td>\n1,432,652<\/td>\n758,768<\/td>\n478,200<\/td>\n392,897<\/td>\n357,321<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n19,484<\/td>\n18,614<\/td>\n18,226<\/td>\n19,571<\/td>\n20,508<\/td>\n<\/tr>\n
Mortgagors\u2019 escrow accounts<\/td>\n5,607<\/td>\n5,785<\/td>\n5,771<\/td>\n5,780<\/td>\n6,296<\/td>\n<\/tr>\n
Reserve for unfunded credits<\/td>\n20,602<\/td>\n19,555<\/td>\n17,511<\/td>\n16,305<\/td>\n14,794<\/td>\n<\/tr>\n
Accrued expenses and other liabilities<\/td>\n229,937<\/td>\n193,763<\/td>\n131,569<\/td>\n122,870<\/td>\n158,455<\/td>\n<\/tr>\n
Total liabilities<\/td>\n8,230,428<\/td>\n7,732,090<\/td>\n7,545,734<\/td>\n7,651,801<\/td>\n7,607,280<\/td>\n<\/tr>\n
Stockholders’ equity:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $0.01 par value; 200,000,000 shares authorized; 85,177,172 shares issued, 85,177,172 shares issued, 85,177,172 shares issued, 85,177,172 shares issued, and 85,177,172 shares issued, respectively<\/td>\n852<\/td>\n852<\/td>\n852<\/td>\n852<\/td>\n852<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n736,074<\/td>\n735,119<\/td>\n738,544<\/td>\n737,658<\/td>\n736,826<\/td>\n<\/tr>\n
Retained earnings, partially restricted<\/td>\n412,019<\/td>\n392,779<\/td>\n372,677<\/td>\n357,576<\/td>\n342,639<\/td>\n<\/tr>\n
Accumulated other comprehensive income<\/td>\n(61,947)<\/td>\n(70,227)<\/td>\n(44,977)<\/td>\n(29,322)<\/td>\n(110)<\/td>\n<\/tr>\n
Treasury stock, at cost;<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
7,731,445 shares, 7,730,945 shares, 7,995,888 shares, 7,037,464 shares, and 7,037,464 shares, respectively<\/td>\n(94,873)<\/td>\n(94,866)<\/td>\n(98,525)<\/td>\n(84,718)<\/td>\n(84,718)<\/td>\n<\/tr>\n
Unallocated common stock held by the Employee Stock Ownership Plan;<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
0 shares, 4,833 shares, 11,442 shares, 18,051 shares, and 24,660 shares, respectively<\/td>\n0<\/td>\n(39)<\/td>\n(75)<\/td>\n(111)<\/td>\n(147)<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n992,125<\/td>\n963,618<\/td>\n968,496<\/td>\n981,935<\/td>\n995,342<\/td>\n<\/tr>\n
Total liabilities and stockholders’ equity<\/td>\n$<\/td>\n9,222,553<\/td>\n$<\/td>\n8,695,708<\/td>\n$<\/td>\n8,514,230<\/td>\n$<\/td>\n8,633,736<\/td>\n$<\/td>\n8,602,622<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Consolidated Statements of Income (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n September 30, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2022<\/strong>\n <\/td>\n\n March 31, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n(In Thousands Except Share Data)<\/td>\n<\/tr>\n
Interest and dividend income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans and leases<\/td>\n$<\/td>\n98,386<\/td>\n$<\/td>\n84,375<\/td>\n$<\/td>\n74,287<\/td>\n$<\/td>\n71,721<\/td>\n\u00a0<\/td>\n$<\/td>\n73,560<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt securities<\/td>\n\u00a0<\/td>\n3,497<\/td>\n\u00a0<\/td>\n3,337<\/td>\n\u00a0<\/td>\n3,249<\/td>\n\u00a0<\/td>\n2,996<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,972<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable and restricted equity securities<\/td>\n\u00a0<\/td>\n766<\/td>\n\u00a0<\/td>\n467<\/td>\n\u00a0<\/td>\n337<\/td>\n\u00a0<\/td>\n328<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n325<\/td>\n\u00a0<\/td>\n<\/tr>\n
Short-term investments<\/td>\n\u00a0<\/td>\n754<\/td>\n\u00a0<\/td>\n464<\/td>\n\u00a0<\/td>\n156<\/td>\n\u00a0<\/td>\n66<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total interest and dividend income<\/td>\n\u00a0<\/td>\n103,403<\/td>\n\u00a0<\/td>\n88,643<\/td>\n\u00a0<\/td>\n78,029<\/td>\n\u00a0<\/td>\n75,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76,945<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits<\/td>\n\u00a0<\/td>\n14,185<\/td>\n\u00a0<\/td>\n7,354<\/td>\n\u00a0<\/td>\n4,282<\/td>\n\u00a0<\/td>\n3,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,055<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowed funds<\/td>\n\u00a0<\/td>\n9,188<\/td>\n\u00a0<\/td>\n3,263<\/td>\n\u00a0<\/td>\n1,880<\/td>\n\u00a0<\/td>\n1,492<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,429<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total interest expense<\/td>\n\u00a0<\/td>\n23,373<\/td>\n\u00a0<\/td>\n10,617<\/td>\n\u00a0<\/td>\n6,162<\/td>\n\u00a0<\/td>\n5,263<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,484<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income<\/td>\n\u00a0<\/td>\n80,030<\/td>\n\u00a0<\/td>\n78,026<\/td>\n\u00a0<\/td>\n71,867<\/td>\n\u00a0<\/td>\n69,848<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,461<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision (credit) for credit losses<\/td>\n\u00a0<\/td>\n5,725<\/td>\n\u00a0<\/td>\n2,835<\/td>\n\u00a0<\/td>\n227<\/td>\n\u00a0<\/td>\n(160<\/td>\n)<\/td>\n\u00a0<\/td>\n751<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income after provision for credit losses<\/td>\n\u00a0<\/td>\n74,305<\/td>\n\u00a0<\/td>\n75,191<\/td>\n\u00a0<\/td>\n71,640<\/td>\n\u00a0<\/td>\n70,008<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,710<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-interest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposit fees<\/td>\n\u00a0<\/td>\n2,916<\/td>\n\u00a0<\/td>\n2,759<\/td>\n\u00a0<\/td>\n2,744<\/td>\n\u00a0<\/td>\n2,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,653<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loan fees<\/td>\n\u00a0<\/td>\n446<\/td>\n\u00a0<\/td>\n349<\/td>\n\u00a0<\/td>\n666<\/td>\n\u00a0<\/td>\n747<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loan level derivative income, net<\/td>\n\u00a0<\/td>\n670<\/td>\n\u00a0<\/td>\n1,275<\/td>\n\u00a0<\/td>\n1,615<\/td>\n\u00a0<\/td>\n686<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,981<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain (loss) on investment securities, net<\/td>\n\u00a0<\/td>\n321<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(32<\/td>\n)<\/td>\n<\/tr>\n
Gain on sales of loans and leases held-for-sale<\/td>\n\u00a0<\/td>\n2,612<\/td>\n\u00a0<\/td>\n889<\/td>\n\u00a0<\/td>\n291<\/td>\n\u00a0<\/td>\n344<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,933<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n2,091<\/td>\n\u00a0<\/td>\n1,562<\/td>\n\u00a0<\/td>\n1,612<\/td>\n\u00a0<\/td>\n1,252<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,716<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total non-interest income<\/td>\n\u00a0<\/td>\n9,056<\/td>\n\u00a0<\/td>\n6,834<\/td>\n\u00a0<\/td>\n6,928<\/td>\n\u00a0<\/td>\n5,529<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,699<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-interest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Compensation and employee benefits<\/td>\n\u00a0<\/td>\n29,525<\/td>\n\u00a0<\/td>\n28,306<\/td>\n\u00a0<\/td>\n28,772<\/td>\n\u00a0<\/td>\n26,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,598<\/td>\n\u00a0<\/td>\n<\/tr>\n
Occupancy<\/td>\n\u00a0<\/td>\n4,005<\/td>\n\u00a0<\/td>\n3,906<\/td>\n\u00a0<\/td>\n3,807<\/td>\n\u00a0<\/td>\n4,284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,558<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equipment and data processing<\/td>\n\u00a0<\/td>\n5,758<\/td>\n\u00a0<\/td>\n5,066<\/td>\n\u00a0<\/td>\n4,931<\/td>\n\u00a0<\/td>\n5,078<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,576<\/td>\n\u00a0<\/td>\n<\/tr>\n
Professional services<\/td>\n\u00a0<\/td>\n1,546<\/td>\n\u00a0<\/td>\n1,069<\/td>\n\u00a0<\/td>\n1,219<\/td>\n\u00a0<\/td>\n1,226<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,151<\/td>\n\u00a0<\/td>\n<\/tr>\n
FDIC insurance<\/td>\n\u00a0<\/td>\n1,001<\/td>\n\u00a0<\/td>\n709<\/td>\n\u00a0<\/td>\n739<\/td>\n\u00a0<\/td>\n728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n617<\/td>\n\u00a0<\/td>\n<\/tr>\n
Advertising and marketing<\/td>\n\u00a0<\/td>\n1,052<\/td>\n\u00a0<\/td>\n1,337<\/td>\n\u00a0<\/td>\n1,319<\/td>\n\u00a0<\/td>\n1,272<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n880<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of identified intangible assets<\/td>\n\u00a0<\/td>\n120<\/td>\n\u00a0<\/td>\n120<\/td>\n\u00a0<\/td>\n120<\/td>\n\u00a0<\/td>\n134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n208<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expense<\/td>\n\u00a0<\/td>\n641<\/td>\n\u00a0<\/td>\n1,073<\/td>\n\u00a0<\/td>\n535<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n3,577<\/td>\n\u00a0<\/td>\n3,373<\/td>\n\u00a0<\/td>\n3,429<\/td>\n\u00a0<\/td>\n2,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,321<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total non-interest expense<\/td>\n\u00a0<\/td>\n47,225<\/td>\n\u00a0<\/td>\n44,959<\/td>\n\u00a0<\/td>\n44,871<\/td>\n\u00a0<\/td>\n42,487<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,909<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before provision for income taxes<\/td>\n\u00a0<\/td>\n36,136<\/td>\n\u00a0<\/td>\n37,066<\/td>\n\u00a0<\/td>\n33,697<\/td>\n\u00a0<\/td>\n33,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,500<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n6,441<\/td>\n\u00a0<\/td>\n6,917<\/td>\n\u00a0<\/td>\n8,502<\/td>\n\u00a0<\/td>\n8,345<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,955<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n29,695<\/td>\n$<\/td>\n30,149<\/td>\n$<\/td>\n25,195<\/td>\n$<\/td>\n24,705<\/td>\n\u00a0<\/td>\n$<\/td>\n28,545<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings per common share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n$<\/td>\n0.39<\/td>\n$<\/td>\n0.39<\/td>\n$<\/td>\n0.33<\/td>\n$<\/td>\n0.32<\/td>\n\u00a0<\/td>\n$<\/td>\n0.37<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n$<\/td>\n0.39<\/td>\n$<\/td>\n0.39<\/td>\n$<\/td>\n0.33<\/td>\n$<\/td>\n0.32<\/td>\n\u00a0<\/td>\n$<\/td>\n0.37<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average common shares outstanding during the period:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n76,841,655<\/td>\n\u00a0<\/td>\n76,779,038<\/td>\n\u00a0<\/td>\n77,091,013<\/td>\n\u00a0<\/td>\n77,617,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,610,608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n77,065,076<\/td>\n\u00a0<\/td>\n77,007,971<\/td>\n\u00a0<\/td>\n77,419,288<\/td>\n\u00a0<\/td>\n77,926,822<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,864,097<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dividends paid per common share<\/td>\n$<\/td>\n0.135<\/td>\n$<\/td>\n0.130<\/td>\n$<\/td>\n0.130<\/td>\n$<\/td>\n0.125<\/td>\n\u00a0<\/td>\n$<\/td>\n0.125<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Consolidated Statements of Income (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Twelve Months Ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n(In Thousands Except Share Data)<\/td>\n<\/tr>\n
Interest and dividend income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans and leases<\/td>\n$<\/td>\n328,769<\/td>\n$<\/td>\n297,927<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt securities<\/td>\n\u00a0<\/td>\n13,079<\/td>\n\u00a0<\/td>\n12,178<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable and restricted equity securities<\/td>\n\u00a0<\/td>\n1,898<\/td>\n\u00a0<\/td>\n1,172<\/td>\n\u00a0<\/td>\n<\/tr>\n
Short-term investments<\/td>\n\u00a0<\/td>\n1,440<\/td>\n\u00a0<\/td>\n252<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total interest and dividend income<\/td>\n\u00a0<\/td>\n345,186<\/td>\n\u00a0<\/td>\n311,529<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits<\/td>\n\u00a0<\/td>\n29,592<\/td>\n\u00a0<\/td>\n20,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowed funds<\/td>\n\u00a0<\/td>\n15,823<\/td>\n\u00a0<\/td>\n8,443<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total interest expense<\/td>\n\u00a0<\/td>\n45,415<\/td>\n\u00a0<\/td>\n29,156<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income<\/td>\n\u00a0<\/td>\n299,771<\/td>\n\u00a0<\/td>\n282,373<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision (credit) for credit losses<\/td>\n\u00a0<\/td>\n8,627<\/td>\n\u00a0<\/td>\n(7,837<\/td>\n)<\/td>\n<\/tr>\n
Net interest income after provision for credit losses<\/td>\n\u00a0<\/td>\n291,144<\/td>\n\u00a0<\/td>\n290,210<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-interest income:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposit fees<\/td>\n\u00a0<\/td>\n10,919<\/td>\n\u00a0<\/td>\n10,578<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loan fees<\/td>\n\u00a0<\/td>\n2,208<\/td>\n\u00a0<\/td>\n2,095<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loan level derivative income, net<\/td>\n\u00a0<\/td>\n4,246<\/td>\n\u00a0<\/td>\n4,680<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain (loss) on investment securities, net<\/td>\n\u00a0<\/td>\n321<\/td>\n\u00a0<\/td>\n(38<\/td>\n)<\/td>\n<\/tr>\n
Gain on sales of loans and leases held-for-sale<\/td>\n\u00a0<\/td>\n4,136<\/td>\n\u00a0<\/td>\n3,737<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n6,517<\/td>\n\u00a0<\/td>\n5,937<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total non-interest income<\/td>\n\u00a0<\/td>\n28,347<\/td>\n\u00a0<\/td>\n26,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-interest expense:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Compensation and employee benefits<\/td>\n\u00a0<\/td>\n113,487<\/td>\n\u00a0<\/td>\n106,786<\/td>\n\u00a0<\/td>\n<\/tr>\n
Occupancy<\/td>\n\u00a0<\/td>\n16,002<\/td>\n\u00a0<\/td>\n14,961<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equipment and data processing<\/td>\n\u00a0<\/td>\n20,833<\/td>\n\u00a0<\/td>\n18,322<\/td>\n\u00a0<\/td>\n<\/tr>\n
Professional services<\/td>\n\u00a0<\/td>\n5,060<\/td>\n\u00a0<\/td>\n4,694<\/td>\n\u00a0<\/td>\n<\/tr>\n
FDIC insurance<\/td>\n\u00a0<\/td>\n3,177<\/td>\n\u00a0<\/td>\n2,980<\/td>\n\u00a0<\/td>\n<\/tr>\n
Advertising and marketing<\/td>\n\u00a0<\/td>\n4,980<\/td>\n\u00a0<\/td>\n4,167<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of identified intangible assets<\/td>\n\u00a0<\/td>\n494<\/td>\n\u00a0<\/td>\n876<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expense<\/td>\n\u00a0<\/td>\n2,249<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n13,260<\/td>\n\u00a0<\/td>\n9,822<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total non-interest expense<\/td>\n\u00a0<\/td>\n179,542<\/td>\n\u00a0<\/td>\n162,608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before provision for income taxes<\/td>\n\u00a0<\/td>\n139,949<\/td>\n\u00a0<\/td>\n154,591<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n30,205<\/td>\n\u00a0<\/td>\n39,151<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n109,744<\/td>\n$<\/td>\n115,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings per common share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n$<\/td>\n1.42<\/td>\n$<\/td>\n1.48<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n$<\/td>\n1.42<\/td>\n$<\/td>\n1.48<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average common shares outstanding during the period:<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n77,079,278<\/td>\n\u00a0<\/td>\n77,974,851<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n77,351,834<\/td>\n\u00a0<\/td>\n78,243,416<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dividends paid per common share<\/td>\n$<\/td>\n0.520<\/td>\n$<\/td>\n0.480<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Asset Quality Analysis (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n At and for the Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n September 30, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n(Dollars in Thousands)<\/td>\n<\/tr>\n
\n NONPERFORMING ASSETS:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans and leases accounted for on a nonaccrual basis:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate mortgage<\/td>\n$<\/td>\n607<\/td>\n\u00a0<\/td>\n$<\/td>\n3,136<\/td>\n\u00a0<\/td>\n$<\/td>\n6,470<\/td>\n\u00a0<\/td>\n$<\/td>\n8,313<\/td>\n\u00a0<\/td>\n$<\/td>\n10,848<\/td>\n\u00a0<\/td>\n<\/tr>\n
Construction<\/td>\n\u00a0<\/td>\n707<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total commercial real estate loans<\/td>\n\u00a0<\/td>\n1,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,848<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial<\/td>\n\u00a0<\/td>\n464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n618<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n892<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,366<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,318<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equipment financing<\/td>\n\u00a0<\/td>\n9,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,544<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,685<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Condominium association<\/td>\n\u00a0<\/td>\n58<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total commercial loans and leases<\/td>\n\u00a0<\/td>\n10,175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,226<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,128<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,416<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Residential mortgage<\/td>\n\u00a0<\/td>\n2,680<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,741<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,412<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,394<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,909<\/td>\n\u00a0<\/td>\n<\/tr>\n
Home equity<\/td>\n\u00a0<\/td>\n723<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n616<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n680<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n285<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other consumer<\/td>\n\u00a0<\/td>\n2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total consumer loans<\/td>\n\u00a0<\/td>\n3,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,075<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,195<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total nonaccrual loans and leases<\/td>\n\u00a0<\/td>\n14,894<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,516<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,459<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other repossessed assets<\/td>\n\u00a0<\/td>\n408<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n591<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n990<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n718<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total nonperforming assets<\/td>\n$<\/td>\n15,302<\/td>\n\u00a0<\/td>\n$<\/td>\n18,312<\/td>\n\u00a0<\/td>\n$<\/td>\n21,259<\/td>\n\u00a0<\/td>\n$<\/td>\n26,506<\/td>\n\u00a0<\/td>\n$<\/td>\n33,177<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans and leases past due greater than 90 days and still accruing<\/td>\n$<\/td>\n33<\/td>\n\u00a0<\/td>\n$<\/td>\n9,583<\/td>\n\u00a0<\/td>\n$<\/td>\n266<\/td>\n\u00a0<\/td>\n$<\/td>\n4<\/td>\n\u00a0<\/td>\n$<\/td>\n1<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Troubled debt restructurings on accrual<\/td>\n\u00a0<\/td>\n16,385<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,580<\/td>\n\u00a0<\/td>\n<\/tr>\n
Troubled debt restructurings on nonaccrual<\/td>\n\u00a0<\/td>\n3,527<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,449<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,189<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,709<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total troubled debt restructurings<\/td>\n$<\/td>\n19,912<\/td>\n\u00a0<\/td>\n$<\/td>\n14,177<\/td>\n\u00a0<\/td>\n$<\/td>\n16,621<\/td>\n\u00a0<\/td>\n$<\/td>\n16,047<\/td>\n\u00a0<\/td>\n$<\/td>\n19,289<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming loans and leases as a percentage of total loans and leases<\/td>\n\u00a0<\/td>\n0.19<\/td>\n%<\/td>\n\u00a0<\/td>\n0.24<\/td>\n%<\/td>\n\u00a0<\/td>\n0.28<\/td>\n%<\/td>\n\u00a0<\/td>\n0.35<\/td>\n%<\/td>\n\u00a0<\/td>\n0.45<\/td>\n%<\/td>\n<\/tr>\n
Nonperforming assets as a percentage of total assets<\/td>\n\u00a0<\/td>\n0.17<\/td>\n%<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n\u00a0<\/td>\n0.25<\/td>\n%<\/td>\n\u00a0<\/td>\n0.31<\/td>\n%<\/td>\n\u00a0<\/td>\n0.39<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n PROVISION AND ALLOWANCE FOR LOAN AND LEASE LOSSES:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for loan and lease losses at beginning of period<\/td>\n$<\/td>\n94,169<\/td>\n\u00a0<\/td>\n$<\/td>\n93,188<\/td>\n\u00a0<\/td>\n$<\/td>\n95,463<\/td>\n\u00a0<\/td>\n$<\/td>\n99,084<\/td>\n\u00a0<\/td>\n$<\/td>\n102,515<\/td>\n\u00a0<\/td>\n<\/tr>\n
Charge-offs<\/td>\n\u00a0<\/td>\n(658<\/td>\n)<\/td>\n\u00a0<\/td>\n(598<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,533<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,344<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,562<\/td>\n)<\/td>\n<\/tr>\n
Recoveries<\/td>\n\u00a0<\/td>\n348<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n777<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n438<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net (charge-offs) recoveries<\/td>\n\u00a0<\/td>\n(310<\/td>\n)<\/td>\n\u00a0<\/td>\n179<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,242<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,947<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,124<\/td>\n)<\/td>\n<\/tr>\n
Provision (credit) for loan and lease losses excluding unfunded commitments *<\/td>\n\u00a0<\/td>\n4,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n802<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,033<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,674<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,307<\/td>\n)<\/td>\n<\/tr>\n
Allowance for loan and lease losses at end of period<\/td>\n$<\/td>\n98,482<\/td>\n\u00a0<\/td>\n$<\/td>\n94,169<\/td>\n\u00a0<\/td>\n$<\/td>\n93,188<\/td>\n\u00a0<\/td>\n$<\/td>\n95,463<\/td>\n\u00a0<\/td>\n$<\/td>\n99,084<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for loan and lease losses as a percentage of total loans and leases<\/td>\n\u00a0<\/td>\n1.29<\/td>\n%<\/td>\n\u00a0<\/td>\n1.27<\/td>\n%<\/td>\n\u00a0<\/td>\n1.28<\/td>\n%<\/td>\n\u00a0<\/td>\n1.32<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET CHARGE-OFFS (RECOVERIES):<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate loans<\/td>\n$<\/td>\n(6<\/td>\n)<\/td>\n$<\/td>\n(6<\/td>\n)<\/td>\n$<\/td>\n(6<\/td>\n)<\/td>\n$<\/td>\n31<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial loans and leases<\/td>\n\u00a0<\/td>\n320<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(179<\/td>\n)<\/td>\n\u00a0<\/td>\n1,254<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,948<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,143<\/td>\n\u00a0<\/td>\n<\/tr>\n
Consumer loans<\/td>\n\u00a0<\/td>\n(4<\/td>\n)<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6<\/td>\n)<\/td>\n\u00a0<\/td>\n(32<\/td>\n)<\/td>\n\u00a0<\/td>\n(19<\/td>\n)<\/td>\n<\/tr>\n
Total net charge-offs (recoveries)<\/td>\n$<\/td>\n310<\/td>\n\u00a0<\/td>\n$<\/td>\n(179<\/td>\n)<\/td>\n$<\/td>\n1,242<\/td>\n\u00a0<\/td>\n$<\/td>\n1,947<\/td>\n\u00a0<\/td>\n$<\/td>\n2,124<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loan and lease charge-offs as a percentage of average loans and leases (annualized)<\/td>\n\u00a0<\/td>\n0.02<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.07<\/td>\n%<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n0.12<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
*Provision for loan and lease losses does not include provision of $1.0 million, $2.0 million, $1.2 million, $1.5 million, and $2.1 million for credit losses on unfunded commitments during the three months ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021 respectively.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Average Yields \/ Costs (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n September 30, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average
Balance<\/strong>\n <\/td>\n		\n Interest (1)<\/strong>\n <\/td>\n\n Average
Yield\/ Cost<\/strong>\n <\/td>\n		\n Average
Balance<\/strong>\n <\/td>\n		\n Interest (1)<\/strong>\n <\/td>\n\n Average
Yield\/ Cost<\/strong>\n <\/td>\n		\n Average
Balance<\/strong>\n <\/td>\n		\n Interest (1)<\/strong>\n <\/td>\n\n Average
Yield\/ Cost<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n(Dollars in Thousands)<\/td>\n<\/tr>\n
\n Assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-earning assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investments:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt securities (2)<\/td>\n$<\/td>\n665,969<\/td>\n$<\/td>\n3,497<\/td>\n2.10<\/td>\n%<\/td>\n$<\/td>\n714,226<\/td>\n$<\/td>\n3,337<\/td>\n1.87<\/td>\n%<\/td>\n$<\/td>\n727,734<\/td>\n$<\/td>\n2,972<\/td>\n1.63<\/td>\n%<\/td>\n<\/tr>\n
Marketable and restricted equity securities (2)<\/td>\n\u00a0<\/td>\n52,093<\/td>\n\u00a0<\/td>\n766<\/td>\n5.88<\/td>\n%<\/td>\n\u00a0<\/td>\n36,525<\/td>\n\u00a0<\/td>\n467<\/td>\n5.12<\/td>\n%<\/td>\n\u00a0<\/td>\n27,019<\/td>\n\u00a0<\/td>\n325<\/td>\n4.81<\/td>\n%<\/td>\n<\/tr>\n
Short-term investments<\/td>\n\u00a0<\/td>\n60,385<\/td>\n\u00a0<\/td>\n754<\/td>\n5.00<\/td>\n%<\/td>\n\u00a0<\/td>\n66,257<\/td>\n\u00a0<\/td>\n464<\/td>\n2.80<\/td>\n%<\/td>\n\u00a0<\/td>\n224,573<\/td>\n\u00a0<\/td>\n88<\/td>\n0.16<\/td>\n%<\/td>\n<\/tr>\n
Total investments<\/td>\n\u00a0<\/td>\n778,447<\/td>\n\u00a0<\/td>\n5,017<\/td>\n2.58<\/td>\n%<\/td>\n\u00a0<\/td>\n817,008<\/td>\n\u00a0<\/td>\n4,268<\/td>\n2.09<\/td>\n%<\/td>\n\u00a0<\/td>\n979,326<\/td>\n\u00a0<\/td>\n3,385<\/td>\n1.38<\/td>\n%<\/td>\n<\/tr>\n
Loans and Leases:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate loans (3)<\/td>\n\u00a0<\/td>\n4,341,929<\/td>\n\u00a0<\/td>\n53,088<\/td>\n4.78<\/td>\n%<\/td>\n\u00a0<\/td>\n4,239,155<\/td>\n\u00a0<\/td>\n44,729<\/td>\n4.13<\/td>\n%<\/td>\n\u00a0<\/td>\n3,996,647<\/td>\n\u00a0<\/td>\n35,762<\/td>\n3.50<\/td>\n%<\/td>\n<\/tr>\n
Commercial loans (3)<\/td>\n\u00a0<\/td>\n797,312<\/td>\n\u00a0<\/td>\n10,541<\/td>\n5.18<\/td>\n%<\/td>\n\u00a0<\/td>\n731,095<\/td>\n\u00a0<\/td>\n8,492<\/td>\n4.55<\/td>\n%<\/td>\n\u00a0<\/td>\n820,932<\/td>\n\u00a0<\/td>\n10,146<\/td>\n4.84<\/td>\n%<\/td>\n<\/tr>\n
Equipment financing (3)<\/td>\n\u00a0<\/td>\n1,200,911<\/td>\n\u00a0<\/td>\n20,816<\/td>\n6.93<\/td>\n%<\/td>\n\u00a0<\/td>\n1,157,829<\/td>\n\u00a0<\/td>\n19,042<\/td>\n6.58<\/td>\n%<\/td>\n\u00a0<\/td>\n1,092,457<\/td>\n\u00a0<\/td>\n18,175<\/td>\n6.65<\/td>\n%<\/td>\n<\/tr>\n
Residential mortgage loans (3)<\/td>\n\u00a0<\/td>\n842,860<\/td>\n\u00a0<\/td>\n8,051<\/td>\n3.82<\/td>\n%<\/td>\n\u00a0<\/td>\n826,969<\/td>\n\u00a0<\/td>\n7,560<\/td>\n3.66<\/td>\n%<\/td>\n\u00a0<\/td>\n796,326<\/td>\n\u00a0<\/td>\n6,785<\/td>\n3.41<\/td>\n%<\/td>\n<\/tr>\n
Other consumer loans (3)<\/td>\n\u00a0<\/td>\n382,196<\/td>\n\u00a0<\/td>\n5,940<\/td>\n6.15<\/td>\n%<\/td>\n\u00a0<\/td>\n379,999<\/td>\n\u00a0<\/td>\n4,605<\/td>\n4.80<\/td>\n%<\/td>\n\u00a0<\/td>\n368,087<\/td>\n\u00a0<\/td>\n2,751<\/td>\n2.96<\/td>\n%<\/td>\n<\/tr>\n
Total loans and leases<\/td>\n\u00a0<\/td>\n7,565,208<\/td>\n\u00a0<\/td>\n98,436<\/td>\n5.20<\/td>\n%<\/td>\n\u00a0<\/td>\n7,335,047<\/td>\n\u00a0<\/td>\n84,428<\/td>\n4.60<\/td>\n%<\/td>\n\u00a0<\/td>\n7,074,449<\/td>\n\u00a0<\/td>\n73,619<\/td>\n4.16<\/td>\n%<\/td>\n<\/tr>\n
Total interest-earning assets<\/td>\n\u00a0<\/td>\n8,343,655<\/td>\n\u00a0<\/td>\n103,453<\/td>\n4.96<\/td>\n%<\/td>\n\u00a0<\/td>\n8,152,055<\/td>\n\u00a0<\/td>\n88,696<\/td>\n4.35<\/td>\n%<\/td>\n\u00a0<\/td>\n8,053,775<\/td>\n\u00a0<\/td>\n77,004<\/td>\n3.82<\/td>\n%<\/td>\n<\/tr>\n
Non-interest-earning assets<\/td>\n\u00a0<\/td>\n513,976<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n434,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n408,456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n8,857,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,586,420<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,462,231<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and Stockholders’ Equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NOW accounts<\/td>\n$<\/td>\n583,499<\/td>\n\u00a0<\/td>\n257<\/td>\n0.18<\/td>\n%<\/td>\n$<\/td>\n607,210<\/td>\n\u00a0<\/td>\n579<\/td>\n0.38<\/td>\n%<\/td>\n$<\/td>\n528,335<\/td>\n\u00a0<\/td>\n101<\/td>\n0.08<\/td>\n%<\/td>\n<\/tr>\n
Savings accounts<\/td>\n\u00a0<\/td>\n787,021<\/td>\n\u00a0<\/td>\n1,155<\/td>\n0.58<\/td>\n%<\/td>\n\u00a0<\/td>\n881,988<\/td>\n\u00a0<\/td>\n664<\/td>\n0.30<\/td>\n%<\/td>\n\u00a0<\/td>\n897,821<\/td>\n\u00a0<\/td>\n219<\/td>\n0.10<\/td>\n%<\/td>\n<\/tr>\n
Money market accounts<\/td>\n\u00a0<\/td>\n2,282,217<\/td>\n\u00a0<\/td>\n7,711<\/td>\n1.34<\/td>\n%<\/td>\n\u00a0<\/td>\n2,423,920<\/td>\n\u00a0<\/td>\n4,038<\/td>\n0.66<\/td>\n%<\/td>\n\u00a0<\/td>\n2,430,496<\/td>\n\u00a0<\/td>\n1,615<\/td>\n0.26<\/td>\n%<\/td>\n<\/tr>\n
Certificates of deposit<\/td>\n\u00a0<\/td>\n922,250<\/td>\n\u00a0<\/td>\n2,865<\/td>\n1.23<\/td>\n%<\/td>\n\u00a0<\/td>\n964,112<\/td>\n\u00a0<\/td>\n1,803<\/td>\n0.74<\/td>\n%<\/td>\n\u00a0<\/td>\n1,129,645<\/td>\n\u00a0<\/td>\n2,072<\/td>\n0.73<\/td>\n%<\/td>\n<\/tr>\n
Brokered deposit accounts<\/td>\n\u00a0<\/td>\n218,188<\/td>\n\u00a0<\/td>\n2,197<\/td>\n3.99<\/td>\n%<\/td>\n\u00a0<\/td>\n117,058<\/td>\n\u00a0<\/td>\n270<\/td>\n0.92<\/td>\n%<\/td>\n\u00a0<\/td>\n116,611<\/td>\n\u00a0<\/td>\n48<\/td>\n0.16<\/td>\n%<\/td>\n<\/tr>\n
Total interest-bearing deposits<\/td>\n\u00a0<\/td>\n4,793,175<\/td>\n\u00a0<\/td>\n14,185<\/td>\n1.17<\/td>\n%<\/td>\n\u00a0<\/td>\n4,994,288<\/td>\n\u00a0<\/td>\n7,354<\/td>\n0.58<\/td>\n%<\/td>\n\u00a0<\/td>\n5,102,908<\/td>\n\u00a0<\/td>\n4,055<\/td>\n0.32<\/td>\n%<\/td>\n<\/tr>\n
Borrowings:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Advances from the FHLBB<\/td>\n\u00a0<\/td>\n736,652<\/td>\n\u00a0<\/td>\n6,979<\/td>\n3.71<\/td>\n%<\/td>\n\u00a0<\/td>\n331,840<\/td>\n\u00a0<\/td>\n1,700<\/td>\n2.00<\/td>\n%<\/td>\n\u00a0<\/td>\n76,786<\/td>\n\u00a0<\/td>\n117<\/td>\n0.59<\/td>\n%<\/td>\n<\/tr>\n
Subordinated debentures and notes<\/td>\n\u00a0<\/td>\n84,025<\/td>\n\u00a0<\/td>\n1,332<\/td>\n6.34<\/td>\n%<\/td>\n\u00a0<\/td>\n83,989<\/td>\n\u00a0<\/td>\n1,295<\/td>\n6.17<\/td>\n%<\/td>\n\u00a0<\/td>\n83,878<\/td>\n\u00a0<\/td>\n1,241<\/td>\n5.92<\/td>\n%<\/td>\n<\/tr>\n
Other borrowed funds<\/td>\n\u00a0<\/td>\n148,195<\/td>\n\u00a0<\/td>\n877<\/td>\n2.35<\/td>\n%<\/td>\n\u00a0<\/td>\n89,019<\/td>\n\u00a0<\/td>\n268<\/td>\n1.20<\/td>\n%<\/td>\n\u00a0<\/td>\n112,137<\/td>\n\u00a0<\/td>\n71<\/td>\n0.25<\/td>\n%<\/td>\n<\/tr>\n
Total borrowings<\/td>\n\u00a0<\/td>\n968,872<\/td>\n\u00a0<\/td>\n9,188<\/td>\n3.71<\/td>\n%<\/td>\n\u00a0<\/td>\n504,848<\/td>\n\u00a0<\/td>\n3,263<\/td>\n2.53<\/td>\n%<\/td>\n\u00a0<\/td>\n272,801<\/td>\n\u00a0<\/td>\n1,429<\/td>\n2.05<\/td>\n%<\/td>\n<\/tr>\n
Total interest-bearing liabilities<\/td>\n\u00a0<\/td>\n5,762,047<\/td>\n\u00a0<\/td>\n23,373<\/td>\n1.61<\/td>\n%<\/td>\n\u00a0<\/td>\n5,499,136<\/td>\n\u00a0<\/td>\n10,617<\/td>\n0.77<\/td>\n%<\/td>\n\u00a0<\/td>\n5,375,709<\/td>\n\u00a0<\/td>\n5,484<\/td>\n0.40<\/td>\n%<\/td>\n<\/tr>\n
Non-interest-bearing liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Demand checking accounts<\/td>\n\u00a0<\/td>\n1,843,780<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,908,459<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,892,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-interest-bearing liabilities<\/td>\n\u00a0<\/td>\n269,498<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n197,446<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n206,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n7,875,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,605,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,474,709<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n982,306<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n981,379<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n987,522<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and equity<\/td>\n$<\/td>\n8,857,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,586,420<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,462,231<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income (tax-equivalent basis) \/Interest-rate spread (4)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,080<\/td>\n3.35<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,079<\/td>\n3.58<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,520<\/td>\n3.42<\/td>\n%<\/td>\n<\/tr>\n
Less adjustment of tax-exempt income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n80,030<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n78,026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n71,461<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest margin (5)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.81<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.80<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.52<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis.<\/td>\n<\/tr>\n
(2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month.<\/td>\n<\/tr>\n
(3) Loans on nonaccrual status are included in the average balances.<\/td>\n<\/tr>\n
(4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.<\/td>\n<\/tr>\n
(5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Average Yields \/ Costs (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Twelve Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n December 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average
Balance<\/strong>\n <\/td>\n		\n Interest (1)<\/strong>\n <\/td>\n\n Average
Yield\/ Cost<\/strong>\n <\/td>\n		\n Average
Balance<\/strong>\n <\/td>\n		\n Interest (1)<\/strong>\n <\/td>\n\n Average
Yield\/ Cost<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n(Dollars in Thousands)<\/td>\n<\/tr>\n
\n Assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-earning assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investments:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt securities (2)<\/td>\n$<\/td>\n706,580<\/td>\n$<\/td>\n13,079<\/td>\n1.85<\/td>\n%<\/td>\n$<\/td>\n729,147<\/td>\n$<\/td>\n12,178<\/td>\n1.67<\/td>\n%<\/td>\n<\/tr>\n
Marketable and restricted equity securities (2)<\/td>\n\u00a0<\/td>\n36,813<\/td>\n\u00a0<\/td>\n1,898<\/td>\n5.15<\/td>\n%<\/td>\n\u00a0<\/td>\n34,074<\/td>\n\u00a0<\/td>\n1,172<\/td>\n3.44<\/td>\n%<\/td>\n<\/tr>\n
Short-term investments<\/td>\n\u00a0<\/td>\n104,288<\/td>\n\u00a0<\/td>\n1,440<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n217,784<\/td>\n\u00a0<\/td>\n252<\/td>\n0.12<\/td>\n%<\/td>\n<\/tr>\n
Total investments<\/td>\n\u00a0<\/td>\n847,681<\/td>\n\u00a0<\/td>\n16,417<\/td>\n1.94<\/td>\n%<\/td>\n\u00a0<\/td>\n981,005<\/td>\n\u00a0<\/td>\n13,602<\/td>\n1.39<\/td>\n%<\/td>\n<\/tr>\n
Loans and Leases:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate loans (3)<\/td>\n\u00a0<\/td>\n4,238,960<\/td>\n\u00a0<\/td>\n172,811<\/td>\n4.02<\/td>\n%<\/td>\n\u00a0<\/td>\n3,854,357<\/td>\n\u00a0<\/td>\n139,451<\/td>\n3.57<\/td>\n%<\/td>\n<\/tr>\n
Commercial loans (3)<\/td>\n\u00a0<\/td>\n744,972<\/td>\n\u00a0<\/td>\n34,105<\/td>\n4.52<\/td>\n%<\/td>\n\u00a0<\/td>\n1,020,627<\/td>\n\u00a0<\/td>\n47,647<\/td>\n4.61<\/td>\n%<\/td>\n<\/tr>\n
Equipment financing (3)<\/td>\n\u00a0<\/td>\n1,148,673<\/td>\n\u00a0<\/td>\n75,767<\/td>\n6.60<\/td>\n%<\/td>\n\u00a0<\/td>\n1,081,287<\/td>\n\u00a0<\/td>\n71,906<\/td>\n6.65<\/td>\n%<\/td>\n<\/tr>\n
Residential mortgage loans (3)<\/td>\n\u00a0<\/td>\n823,512<\/td>\n\u00a0<\/td>\n29,726<\/td>\n3.61<\/td>\n%<\/td>\n\u00a0<\/td>\n788,614<\/td>\n\u00a0<\/td>\n27,933<\/td>\n3.54<\/td>\n%<\/td>\n<\/tr>\n
Other consumer loans (3)<\/td>\n\u00a0<\/td>\n376,292<\/td>\n\u00a0<\/td>\n16,569<\/td>\n4.40<\/td>\n%<\/td>\n\u00a0<\/td>\n369,326<\/td>\n\u00a0<\/td>\n11,209<\/td>\n3.03<\/td>\n%<\/td>\n<\/tr>\n
Total loans and leases<\/td>\n\u00a0<\/td>\n7,332,409<\/td>\n\u00a0<\/td>\n328,978<\/td>\n4.49<\/td>\n%<\/td>\n\u00a0<\/td>\n7,114,211<\/td>\n\u00a0<\/td>\n298,146<\/td>\n4.19<\/td>\n%<\/td>\n<\/tr>\n
Total interest-earning assets<\/td>\n\u00a0<\/td>\n8,180,090<\/td>\n\u00a0<\/td>\n345,395<\/td>\n4.22<\/td>\n%<\/td>\n\u00a0<\/td>\n8,095,216<\/td>\n\u00a0<\/td>\n311,748<\/td>\n3.85<\/td>\n%<\/td>\n<\/tr>\n
Non-interest-earning assets<\/td>\n\u00a0<\/td>\n443,313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n422,984<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n8,623,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,518,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and Stockholders’ Equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NOW accounts<\/td>\n$<\/td>\n598,267<\/td>\n\u00a0<\/td>\n853<\/td>\n0.14<\/td>\n%<\/td>\n$<\/td>\n502,189<\/td>\n\u00a0<\/td>\n493<\/td>\n0.10<\/td>\n%<\/td>\n<\/tr>\n
Savings accounts<\/td>\n\u00a0<\/td>\n882,881<\/td>\n\u00a0<\/td>\n2,228<\/td>\n0.25<\/td>\n%<\/td>\n\u00a0<\/td>\n793,141<\/td>\n\u00a0<\/td>\n950<\/td>\n0.12<\/td>\n%<\/td>\n<\/tr>\n
Money market accounts<\/td>\n\u00a0<\/td>\n2,387,670<\/td>\n\u00a0<\/td>\n15,392<\/td>\n0.64<\/td>\n%<\/td>\n\u00a0<\/td>\n2,288,740<\/td>\n\u00a0<\/td>\n6,214<\/td>\n0.27<\/td>\n%<\/td>\n<\/tr>\n
Certificates of deposit<\/td>\n\u00a0<\/td>\n998,580<\/td>\n\u00a0<\/td>\n8,210<\/td>\n0.82<\/td>\n%<\/td>\n\u00a0<\/td>\n1,210,451<\/td>\n\u00a0<\/td>\n11,758<\/td>\n0.97<\/td>\n%<\/td>\n<\/tr>\n
Brokered deposit accounts<\/td>\n\u00a0<\/td>\n146,038<\/td>\n\u00a0<\/td>\n2,909<\/td>\n1.99<\/td>\n%<\/td>\n\u00a0<\/td>\n338,734<\/td>\n\u00a0<\/td>\n1,298<\/td>\n0.38<\/td>\n%<\/td>\n<\/tr>\n
Total interest-bearing deposits<\/td>\n\u00a0<\/td>\n5,013,436<\/td>\n\u00a0<\/td>\n29,592<\/td>\n0.59<\/td>\n%<\/td>\n\u00a0<\/td>\n5,133,255<\/td>\n\u00a0<\/td>\n20,713<\/td>\n0.40<\/td>\n%<\/td>\n<\/tr>\n
Borrowings:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Advances from the FHLBB<\/td>\n\u00a0<\/td>\n340,569<\/td>\n\u00a0<\/td>\n9,355<\/td>\n2.71<\/td>\n%<\/td>\n\u00a0<\/td>\n232,175<\/td>\n\u00a0<\/td>\n3,302<\/td>\n1.40<\/td>\n%<\/td>\n<\/tr>\n
Subordinated debentures and notes<\/td>\n\u00a0<\/td>\n83,971<\/td>\n\u00a0<\/td>\n5,133<\/td>\n6.11<\/td>\n%<\/td>\n\u00a0<\/td>\n83,821<\/td>\n\u00a0<\/td>\n4,967<\/td>\n5.93<\/td>\n%<\/td>\n<\/tr>\n
Other borrowed funds<\/td>\n\u00a0<\/td>\n118,383<\/td>\n\u00a0<\/td>\n1,335<\/td>\n1.13<\/td>\n%<\/td>\n\u00a0<\/td>\n88,818<\/td>\n\u00a0<\/td>\n174<\/td>\n0.20<\/td>\n%<\/td>\n<\/tr>\n
Total borrowings<\/td>\n\u00a0<\/td>\n542,923<\/td>\n\u00a0<\/td>\n15,823<\/td>\n2.87<\/td>\n%<\/td>\n\u00a0<\/td>\n404,814<\/td>\n\u00a0<\/td>\n8,443<\/td>\n2.06<\/td>\n%<\/td>\n<\/tr>\n
Total interest-bearing liabilities<\/td>\n\u00a0<\/td>\n5,556,359<\/td>\n\u00a0<\/td>\n45,415<\/td>\n0.82<\/td>\n%<\/td>\n\u00a0<\/td>\n5,538,069<\/td>\n\u00a0<\/td>\n29,156<\/td>\n0.53<\/td>\n%<\/td>\n<\/tr>\n
Non-interest-bearing liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Demand checking accounts<\/td>\n\u00a0<\/td>\n1,879,620<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,787,959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-interest-bearing liabilities<\/td>\n\u00a0<\/td>\n203,187<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n224,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n7,639,166<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,550,662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n984,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n967,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and equity<\/td>\n$<\/td>\n8,623,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,518,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income (tax-equivalent basis) \/Interest-rate spread (4)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n299,980<\/td>\n3.40<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n282,592<\/td>\n3.32<\/td>\n%<\/td>\n<\/tr>\n
Less adjustment of tax-exempt income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n209<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n219<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n299,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n282,373<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest margin (5)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.49<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis.<\/td>\n<\/tr>\n
(2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month.<\/td>\n<\/tr>\n
(3) Loans on nonaccrual status are included in the average balances.<\/td>\n<\/tr>\n
(4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.<\/td>\n<\/tr>\n
(5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Financial Information (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n At and for the Three Months
Ended December 31,<\/strong>\n <\/td>\n		\n At and for the Twelve Months
Ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Reconciliation Table – Non-GAAP Financial Information<\/strong>\n <\/td>\n\u00a0<\/td>\n(Dollars in Thousands Except Share Data)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,695<\/td>\n\u00a0<\/td>\n$<\/td>\n28,545<\/td>\n\u00a0<\/td>\n$<\/td>\n109,744<\/td>\n\u00a0<\/td>\n$<\/td>\n115,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Security gains (losses) (after-tax)<\/td>\n\u00a0<\/td>\n264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24<\/td>\n)<\/td>\n\u00a0<\/td>\n252<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(28<\/td>\n)<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expenses (after-tax)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n527<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating earnings<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,958<\/td>\n\u00a0<\/td>\n$<\/td>\n28,569<\/td>\n\u00a0<\/td>\n$<\/td>\n111,255<\/td>\n\u00a0<\/td>\n$<\/td>\n115,468<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating earnings per common share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.39<\/td>\n\u00a0<\/td>\n$<\/td>\n0.37<\/td>\n\u00a0<\/td>\n$<\/td>\n1.44<\/td>\n\u00a0<\/td>\n$<\/td>\n1.48<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.39<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.37<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.48<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average common shares outstanding during the period:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76,841,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,610,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,079,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,974,851<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,065,076<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,864,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,351,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,243,416<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average assets *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.34<\/td>\n%<\/td>\n\u00a0<\/td>\n1.35<\/td>\n%<\/td>\n\u00a0<\/td>\n1.27<\/td>\n%<\/td>\n\u00a0<\/td>\n1.36<\/td>\n%<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Security gains (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expenses (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n0.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
\n Operating return on average assets *<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.35<\/td>\n%<\/td>\n\u00a0<\/td>\n1.35<\/td>\n%<\/td>\n\u00a0<\/td>\n1.29<\/td>\n%<\/td>\n\u00a0<\/td>\n1.36<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average tangible assets *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.37<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n1.30<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Security gains (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.01<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expenses (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n0.02<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
\n Operating return on average tangible assets *<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n\u00a0<\/td>\n1.32<\/td>\n%<\/td>\n\u00a0<\/td>\n1.38<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average stockholders’ equity *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.09<\/td>\n%<\/td>\n\u00a0<\/td>\n11.56<\/td>\n%<\/td>\n\u00a0<\/td>\n11.15<\/td>\n%<\/td>\n\u00a0<\/td>\n11.93<\/td>\n%<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Security gains (losses) (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expenses (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n0.18<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
\n Operating return on average stockholders’ equity *<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.19<\/td>\n%<\/td>\n\u00a0<\/td>\n11.57<\/td>\n%<\/td>\n\u00a0<\/td>\n11.30<\/td>\n%<\/td>\n\u00a0<\/td>\n11.93<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on average tangible stockholders’ equity *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.48<\/td>\n%<\/td>\n\u00a0<\/td>\n13.84<\/td>\n%<\/td>\n\u00a0<\/td>\n13.35<\/td>\n%<\/td>\n\u00a0<\/td>\n14.35<\/td>\n%<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Security gains (losses) (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.13<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merger and acquisition expenses (after-tax) *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
\n Operating return on average tangible stockholders’ equity *<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.61<\/td>\n%<\/td>\n\u00a0<\/td>\n13.85<\/td>\n%<\/td>\n\u00a0<\/td>\n13.53<\/td>\n%<\/td>\n\u00a0<\/td>\n14.35<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
* Ratios at and for the three months ended are annualized.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n BROOKLINE BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Financial Information (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n At and for the Three Months Ended<\/strong>\n <\/td>\n\n At and for the Twelve Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2022<\/strong>\n <\/td>\n\n September 30, 2022<\/strong>\n <\/td>\n\n June 30,
2022<\/strong>\n <\/td>\n		\n March 31,
2022<\/strong>\n <\/td>\n		\n December 31,
2021<\/strong>\n <\/td>\n		\n December 31,
2022<\/strong>\n <\/td>\n		\n December 31,
2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n(Dollars in Thousands)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income, as reported<\/td>\n$<\/td>\n29,695<\/td>\n\u00a0<\/td>\n$<\/td>\n30,149<\/td>\n\u00a0<\/td>\n$<\/td>\n25,195<\/td>\n\u00a0<\/td>\n$<\/td>\n24,705<\/td>\n\u00a0<\/td>\n$<\/td>\n28,545<\/td>\n\u00a0<\/td>\n$<\/td>\n109,744<\/td>\n\u00a0<\/td>\n$<\/td>\n115,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average total assets<\/td>\n$<\/td>\n8,857,631<\/td>\n\u00a0<\/td>\n$<\/td>\n8,586,420<\/td>\n\u00a0<\/td>\n$<\/td>\n8,515,330<\/td>\n\u00a0<\/td>\n$<\/td>\n8,531,043<\/td>\n\u00a0<\/td>\n$<\/td>\n8,462,231<\/td>\n\u00a0<\/td>\n$<\/td>\n8,623,403<\/td>\n\u00a0<\/td>\n$<\/td>\n8,518,200<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Average goodwill and average identified intangible assets, net<\/td>\n\u00a0<\/td>\n162,266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,632<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,804<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n163,122<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tangible assets<\/td>\n$<\/td>\n8,695,365<\/td>\n\u00a0<\/td>\n$<\/td>\n8,424,033<\/td>\n\u00a0<\/td>\n$<\/td>\n8,352,823<\/td>\n\u00a0<\/td>\n$<\/td>\n8,368,411<\/td>\n\u00a0<\/td>\n$<\/td>\n8,299,427<\/td>\n\u00a0<\/td>\n$<\/td>\n8,460,956<\/td>\n\u00a0<\/td>\n$<\/td>\n8,355,078<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Return on average tangible assets (annualized)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.37 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.43 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.21 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.18 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.38 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.30 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.38 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average total stockholders\u2019 equity<\/td>\n$<\/td>\n982,306<\/td>\n\u00a0<\/td>\n$<\/td>\n981,379<\/td>\n\u00a0<\/td>\n$<\/td>\n976,167<\/td>\n\u00a0<\/td>\n$<\/td>\n997,293<\/td>\n\u00a0<\/td>\n$<\/td>\n987,522<\/td>\n\u00a0<\/td>\n$<\/td>\n984,237<\/td>\n\u00a0<\/td>\n$<\/td>\n967,538<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Average goodwill and average identified intangible assets, net<\/td>\n\u00a0<\/td>\n162,266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,507<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,632<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,804<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n163,122<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tangible stockholders\u2019 equity<\/td>\n$<\/td>\n820,040<\/td>\n\u00a0<\/td>\n$<\/td>\n818,992<\/td>\n\u00a0<\/td>\n$<\/td>\n813,660<\/td>\n\u00a0<\/td>\n$<\/td>\n834,661<\/td>\n\u00a0<\/td>\n$<\/td>\n824,718<\/td>\n\u00a0<\/td>\n$<\/td>\n821,790<\/td>\n\u00a0<\/td>\n$<\/td>\n804,416<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Return on average tangible stockholders\u2019 equity (annualized)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 14.48 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 14.72 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 12.39 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 11.84 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 13.84 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 13.35 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 14.35 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n$<\/td>\n992,125<\/td>\n\u00a0<\/td>\n$<\/td>\n963,618<\/td>\n\u00a0<\/td>\n$<\/td>\n968,496<\/td>\n\u00a0<\/td>\n$<\/td>\n981,935<\/td>\n\u00a0<\/td>\n$<\/td>\n995,342<\/td>\n\u00a0<\/td>\n$<\/td>\n992,125<\/td>\n\u00a0<\/td>\n$<\/td>\n995,342<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n<\/tr>\n
Identified intangible assets, net<\/td>\n\u00a0<\/td>\n1,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,902<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,142<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,276<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible stockholders’ equity<\/td>\n$<\/td>\n829,917<\/td>\n\u00a0<\/td>\n$<\/td>\n801,289<\/td>\n\u00a0<\/td>\n$<\/td>\n806,047<\/td>\n\u00a0<\/td>\n$<\/td>\n819,366<\/td>\n\u00a0<\/td>\n$<\/td>\n832,639<\/td>\n\u00a0<\/td>\n$<\/td>\n829,917<\/td>\n\u00a0<\/td>\n$<\/td>\n832,639<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n9,222,553<\/td>\n\u00a0<\/td>\n$<\/td>\n8,695,708<\/td>\n\u00a0<\/td>\n$<\/td>\n8,514,230<\/td>\n\u00a0<\/td>\n$<\/td>\n8,633,736<\/td>\n\u00a0<\/td>\n$<\/td>\n8,602,622<\/td>\n\u00a0<\/td>\n$<\/td>\n9,222,553<\/td>\n\u00a0<\/td>\n$<\/td>\n8,602,622<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,427<\/td>\n\u00a0<\/td>\n<\/tr>\n
Identified intangible assets, net<\/td>\n\u00a0<\/td>\n1,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,902<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,142<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,276<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible assets<\/td>\n$<\/td>\n9,060,345<\/td>\n\u00a0<\/td>\n$<\/td>\n8,533,379<\/td>\n\u00a0<\/td>\n$<\/td>\n8,351,781<\/td>\n\u00a0<\/td>\n$<\/td>\n8,471,167<\/td>\n\u00a0<\/td>\n$<\/td>\n8,439,919<\/td>\n\u00a0<\/td>\n$<\/td>\n9,060,345<\/td>\n\u00a0<\/td>\n$<\/td>\n8,439,919<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Tangible stockholders\u2019 equity to tangible assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.16 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.39 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.65 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.67 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.87 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.16 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.87 <\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible stockholders’ equity<\/td>\n$<\/td>\n829,917<\/td>\n\u00a0<\/td>\n$<\/td>\n801,289<\/td>\n\u00a0<\/td>\n$<\/td>\n806,047<\/td>\n\u00a0<\/td>\n$<\/td>\n819,366<\/td>\n\u00a0<\/td>\n$<\/td>\n832,639<\/td>\n\u00a0<\/td>\n$<\/td>\n829,917<\/td>\n\u00a0<\/td>\n$<\/td>\n832,639<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Number of common shares issued<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,177,172<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Treasury shares<\/td>\n\u00a0<\/td>\n7,731,445<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,730,945<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,995,888<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,037,464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,037,464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,731,445<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,037,464<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unallocated ESOP shares<\/td>\n\u00a0<\/td>\n0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,051<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,660<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,660<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unvested restricted shares<\/td>\n\u00a0<\/td>\n601,495<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n601,995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n497,297<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n500,098<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n500,098<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n601,495<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n500,098<\/td>\n\u00a0<\/td>\n<\/tr>\n
Number of common shares outstanding<\/td>\n\u00a0<\/td>\n76,844,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76,839,399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76,672,545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,621,559<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,614,950<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76,844,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,614,950<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Tangible book value per common share<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 10.80<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10.43<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10.51<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10.56<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10.73<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10.80<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 10.73<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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Net Income of $29.7 million, EPS of $0.39 BOSTON, Jan. 25, 2023 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (NASDAQ: BRKL) (the \u201cCompany\u201d) today announced net income of $29.7 million, or $0.39 per basic and diluted share, for the fourth quarter of 2022, compared to $30.1 million, or $0.39 per basic and diluted share, for the third quarter of 2022, and $28.5 million, or $0.37 per basic and diluted share, for the fourth quarter of 2021. For the year ended December\u00a031, 2022, the Company reported net income of $109.7 million, or $1.42 per basic and diluted share. This compared to $115.4 million, or $1.48 per basic and diluted share, for the year ended December\u00a031, 2021. Paul Perrault, Chairman and Chief Executive … <\/p>\n

Continue reading “Brookline Bancorp Announces Fourth Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725860","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBrookline Bancorp Announces Fourth Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookline-bancorp-announces-fourth-quarter-results-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookline Bancorp Announces Fourth Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Net Income of $29.7 million, EPS of $0.39 BOSTON, Jan. 25, 2023 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (NASDAQ: BRKL) (the \u201cCompany\u201d) today announced net income of $29.7 million, or $0.39 per basic and diluted share, for the fourth quarter of 2022, compared to $30.1 million, or $0.39 per basic and diluted share, for the third quarter of 2022, and $28.5 million, or $0.37 per basic and diluted share, for the fourth quarter of 2021. For the year ended December\u00a031, 2022, the Company reported net income of $109.7 million, or $1.42 per basic and diluted share. This compared to $115.4 million, or $1.48 per basic and diluted share, for the year ended December\u00a031, 2021. 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