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Brookline Bancorp(BRKL) - 2025 Q1 - Earnings Call Presentation

Financial Performance - The company reported a quarterly net income of $19.1 million, resulting in an Earnings Per Share (EPS) of $0.21[9] - Operating earnings for the quarter were $20.0 million, with an EPS of $0.22, excluding $1 million in merger-related expenses[9, 10] - Net interest income increased by $0.8 million compared to the previous quarter, driven by lower funding costs[13] - Noninterest income decreased by $0.8 million from the prior quarter due to lower derivative activity[13] Balance Sheet and Capitalization - Loans declined by $136 million, primarily due to a $135 million reduction in Commercial Real Estate (CRE) loans[10] - Customer deposits increased by $113 million[10] - Total assets decreased by $385 million, influenced by declines in loans and cash equivalents[22] - The company's Total Risk Based Capital stood at 12.8%, and Tangible Common Equity was 8.7%[10] Merger and Strategic Initiatives - A merger of equals with Berkshire Hills Bancorp was announced on December 16, 2024[10] - Identified cost savings of 12.6% of the combined company's expense base[35] - The merger is projected to increase earnings per share by 40% on a GAAP basis and 23% on a cash basis in 2026[35]