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The latest announcement is out from Brookline Bancorp ( (BRKL) ).
Brookline Bancorp reported a net income of $17.5 million and operating earnings of $20.7 million for Q4 2024, with total assets increasing to $11.9 billion. Despite a decrease in year-over-year earnings attributed to merger-related charges and economic factors, the company experienced significant growth in deposits and loans. A strategic merger with Berkshire Hills Bancorp is expected to close by the end of the second half of 2025, significantly impacting Brookline’s corporate structure and market presence.
More about Brookline Bancorp
Brookline Bancorp, Inc., a financial institution based in Boston, operates in the banking industry, providing a range of financial services, including deposit accounts, loans, and financial management solutions. The company is focused on serving the communities around the Boston area and enhancing its growth through strategic mergers, such as the recent agreement with Berkshire Hills Bancorp.
YTD Price Performance: 4.14%
Average Trading Volume: 720,851
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.09B
For an in-depth examination of BRKL stock, go to TipRanks’ Stock Analysis page.
