Net Interest Income and Margin - Net interest income increased by $17.4 million (6.2%) to $299.8 million in 2022 compared to $282.4 million in 2021[277] - Net interest margin increased by 18 basis points to 3.67% in 2022 from 3.49% in 2021[277] - Net interest margin increased by 32 basis points to 3.49% in 2021, with 15 basis points attributed to PPP fee income[89] - Net interest income increased by $22.2 million to $282.4 million in 2021, reflecting a $37.5 million decrease in interest expense on deposits and borrowings[87] Net Income and Earnings Per Share - Net income decreased by $5.7 million (4.9%) to $109.7 million in 2022 from $115.4 million in 2021[277] - Basic and fully diluted earnings per common share (EPS) decreased to $1.42 in 2022 from $1.48 in 2021[277] Capital and Regulatory Requirements - The company and its banks are required to maintain a minimum common equity Tier 1 capital ratio of 4.5%, a minimum Tier 1 capital ratio of 6.0%, a minimum total capital requirement of 8.0%, and a minimum leverage ratio of 4.0%[327] - The company is required to maintain a capital conservation buffer of common equity Tier 1 capital above the minimum risk-based capital requirements, or face restrictions on dividends, discretionary bonuses, and share repurchases[327] - The company is considered "well capitalized" under the FRB's rules applicable to bank holding companies[301] - The company's ability to pay dividends may be restricted if it does not maintain the required capital conservation buffer[304] Deposits and Core Deposits - Core deposits decreased by $0.5 billion in 2022, with the ratio of core deposits to total deposits declining from 81.8% as of December 31, 2021, to 81.0% as of December 31, 2022[63] - As of December 31, 2022, neither of the banks had brokered deposits exceeding 10% of total assets[323] Interest Rate Risk and Sensitivity - The company's assets and liabilities are vulnerable to interest-rate risk due to differences in duration and repricing dates, which is inherent to the banking business[73] - The company's interest-rate risk position is measured using income simulation and gap analysis, remaining modestly asset-sensitive as of December 31, 2022[103] - A 300 basis points interest rate shock would result in a $22.79 million (7.4%) increase in net interest income over a twelve-month horizon[104] - The company's EVE asset sensitivity decreased from 2021 to 2022 due to deposit outflows, increased wholesale funding, and an inverted yield curve[105] - The company manages interest-rate risk through strategies such as adjusting securities maturities, limiting fixed-rate deposits, and using interest rate swaps[102] Interest Income and Expenses - Interest paid on deposits decreased by $27.7 million (57.2%) in 2021, driven by lower interest rates and certificate of deposit balances[90] - Total interest income from investments increased by 20.7% to $16,417 thousand in 2022 from $13,602 thousand in 2021[111] - Interest income from debt securities rose by 7.4% to $13,079 thousand in 2022 from $12,178 thousand in 2021[111] - Interest income from marketable and restricted equity securities surged by 61.9% to $1,898 thousand in 2022 from $1,172 thousand in 2021[111] - Interest income from short-term investments skyrocketed by 471.4% to $1,440 thousand in 2022 from $252 thousand in 2021[111] - The yield on interest-earning assets decreased to 3.85% in 2021 from 3.99% in 2020[118] - Interest income from loans and leases decreased by $11.9 million to $297.9 million in 2021, with a yield of 4.19% compared to 4.30% in 2020[119] - The decrease in interest income from loans and leases was primarily due to a $3.4 million decrease in origination volume and an $8.5 million decrease related to interest rate changes[119] Provision for Credit Losses - Provision for credit losses increased by $16.4 million to $8.6 million in 2022 from a credit of $7.8 million in 2021, primarily due to loan growth and economic forecasts[82] Other Income and Expenses - Other income increased by $0.6 million (9.8%) to $6.5 million in 2022, driven by higher wealth management income and commissions[83] - Compensation and employee benefits expense increased by $6.7 million (6.3%) to $113.5 million in 2022, due to higher employee headcount and salaries[85] - Total non-interest expense increased by $16.9 million (10.4%) to $179.5 million in 2022, driven by higher compensation, occupancy, and equipment costs[115] - Merger and acquisition expenses increased by $2.2 million to $2.2 million in 2022, primarily due to the PCSB acquisition[116] Tax Rate and Dividends - The company's effective tax rate decreased to 21.6% in 2022 from 25.3% in 2021, reflecting participation in energy tax credit deals[117] - Dividend payout ratio increased to 36.5% in 2022 from 32.5% in 2021, with quarterly dividends of $0.125, $0.130, $0.130, and $0.135 per share respectively[71] Regulatory Compliance and Legal Requirements - The company is subject to the Bank Secrecy Act and the USA PATRIOT Act, requiring systems to detect and report cash transactions of at least $10,000 and suspicious activity involving more than $5,000[337] - The company must comply with the Gramm-Leach-Bliley Act (GLBA), which mandates policies and procedures for disclosing nonpublic personal information and maintaining a comprehensive information security program[336] - The company is subject to the Community Reinvestment Act and must seek prior approval from regulatory bodies for acquisitions or new branch establishments[321][324] - The company did not have any transactions with sanctioned countries, nationals, or others as of December 31, 2022[311] Market and Economic Conditions - The company primarily serves individuals and businesses in the greater Boston metropolitan area, eastern Massachusetts, Rhode Island, New York, and New Jersey, making it vulnerable to local economic conditions[340] Asset and Liability Management - Interest-earning assets maturing or repricing within one year amounted to $4.19 billion, with a weighted average rate of 5.77%[106] - Interest-bearing liabilities maturing or repricing within one year amounted to $4.18 billion, with a weighted average rate of 2.35%[106] - The cumulative one-year positive gap position was $9.3 million, or 0.11% of total interest-earning assets, as of December 31, 2022[107] Commercial Lending and Risk Management - The largest commercial relationship in the company's portfolio as of December 31, 2022, was $66.1 million[281] - The company focuses on growing its commercial lending businesses organically and through acquisitions, emphasizing customer relationships and risk management[122] FDIC Insurance and Costs - The company's FDIC insurance assessment costs for the year ending December 31, 2022, were approximately $3.2 million[319] Volcker Rule and Asset Size - The company's total consolidated assets exceeded $10 billion as of January 1, 2023, making it subject to the Volcker Rule[307] Stock Market Listing - The company's common stock is traded on the Nasdaq Global Select Market under the symbol "BRKL"[286] Prepayment Penalties and Late Charges - The company recorded $5.9 million in prepayment penalties and late charges in 2021, contributing 7 basis points to yields on interest-earning assets[118]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to . Commission file number 0-23695 BROOKLINE BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 04-3402944 (State or other ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to . Commission file number 0-23695 BROOKLINE BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 04-3402944 (State or other jurisdi ...

Brookline Bancorp, Inc. (NASDAQ:BRKL) Q2 2022 Earnings Conference Call July 28, 2022 1:30 PM ET Company Participants Paul Perrault - Chairman & Chief Executive Officer Carl Carlson - Co-President & Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Laurie Hunsicker - Compass Point Operator Good afternoon, and thank you for attending today's Brookline Bancorp Second Quarter 2022 Earnings Call. My name is Daniel, and I will be your moderator for today's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to . Commission file number 0-23695 BROOKLINE BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 04-3402944 (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller Reporting Company ☐ Emerging growth company ☐ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, for the Fiscal Year Ended December 31, 2021, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, for the transition period from N/A to . Commission File Number: 0-23695 BROOKLIN ...

Brookline Bancorp Inc. (NASDAQ:BRKL) Q4 2021 Earnings Conference Call January 27, 2022 1:30 PM ET Company Participants Paul A. Perrault – Chairman & CEO Carl M. Carlson – Co-President & CFO Marissa Martin – General Counsel Conference Call Participants Mark Fitzgibbon – Piper Sandler Laurie Hunsicker – Compass Point Chris O'Connell – KBW Operator Welcome to today's Brookline Bancorp, Inc. Q4 2021 Earnings Call. My name is Jordan and I'll be coordinating your call today. [Operator Instructions] I'm now going ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to . Commission file number 0-23695 BROOKLINE BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 04-3402944 (State or other ju ...

Brookline Bancorp Inc. (NASDAQ:BRKL) Q3 2021 Earnings Conference Call October 29, 2021 1:30 PM ET Company Participants Marissa Martin - General Counsel Paul Perrault - Chairman & CEO Carl Carlson - Co-President & CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Compass Point Operator Hello, and welcome to the Brookline Bancorp Third Quarter 2021 Earnings Call. My name is Emma, and I'll be your operator today. [Operator Instructions] This call is being recorded. [Operator I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to . Commission file number 0-23695 BROOKLINE BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 04-3402944 (State or other jurisdi ...