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BRKL Brookline Bancorp

Brookline Bancorp, Inc., a bank holding company with approximately $8.9 billion in assets and branch locations in eastern Massachusetts and Rhode Island, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank and Bank Rhode Island. The Company provides commercial and retail banking services and cash management and investment services to customers throughout Central New England.

BRKL stock data

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Calendar

5 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 130.93M 130.93M 130.93M 130.93M 130.93M 130.93M
Cash burn (monthly) 101.33M 17.49M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 406.49M 70.15M n/a n/a n/a n/a
Cash remaining -275.57M 60.78M n/a n/a n/a n/a
Runway (months of cash) -2.7 3.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Joseph J Slotnik Common Stock Sell Dispose S No No 17.05 5,000 85.25K 156,406
8 Mar 21 Charles H Peck Common Stock Sell Dispose S No Yes 15.5 48,000 744K 96,723
1 Mar 21 Charles H Peck Common Stock Sell Dispose S No Yes 14.41 4,000 57.64K 144,723
22 Feb 21 Charles H Peck Common Stock Sell Dispose S No Yes 14 44,000 616K 148,723

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 165 162 +1.9%
Opened positions 16 12 +33.3%
Closed positions 13 19 -31.6%
Increased positions 51 55 -7.3%
Reduced positions 70 60 +16.7%
13F shares
Current Prev Q Change
Total value 1.53B 771.88M +98.7%
Total shares 63.04M 64.1M -1.7%
Total puts 22.5K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 11.66M $174.84M -0.1%
Vanguard 8.4M $126.03M +1.2%
Dimensional Fund Advisors 5.2M $77.99M -3.6%
Fuller & Thaler Asset Management 4.18M $62.73M +13.1%
STT State Street 3.23M $48.5M +13.7%
Massachusetts Financial Services 3.08M $46.18M -3.2%
GS Goldman Sachs 2.8M $42.01M +3.0%
Jennison Associates 1.63M $24.45M +25.5%
FJ Capital Management 1.61M $24.2M +16.9%
Geode Capital Management 1.31M $19.67M +7.1%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 248.65K -848.83K -77.3%
Norges Bank 0 -794.22K EXIT
Fuller & Thaler Asset Management 4.18M +485.12K +13.1%
STT State Street 3.23M +389.7K +13.7%
Jennison Associates 1.63M +330.96K +25.5%
Renaissance Technologies 1.16M -319K -21.6%
Millennium Management 11.31K -308.39K -96.5%
NTRS Northern Trust 1.17M -278.52K -19.3%
FJ Capital Management 1.61M +233.5K +16.9%
DB Deutsche Bank AG - Registered Shares 291.17K +232.17K +393.5%

Financial report summary

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Risks
  • The COVID-19 pandemic, and the measures taken to control its spread, will continue to adversely impact our employees, customers, business operations and financial results, and the ultimate impact will depend on future developments, which are highly uncertain and cannot be predicted.
  • Our business may be adversely affected by changes in economic and market conditions.
  • Changes to interest rates could adversely affect our results of operations and financial condition.
  • We face significant and increasing competition in the financial services industry.
  • Our business may be adversely affected if we fail to adapt our products and services to evolving industry standards and consumer preferences.
  • If our allowance for credit losses is not sufficient to cover actual loan and lease losses, our earnings may decrease.
  • Environmental liability associated with our lending activities could result in losses.
  • Our securities portfolio performance in difficult market conditions could have adverse effects on our results of operations.
  • Potential downgrades of U.S. government securities by one or more of the credit ratings agencies could have a material adverse effect on our operations, earnings and financial condition.
  • Uncertainty about the future of LIBOR may adversely affect our business.
  • We are subject to liquidity risk, which could negatively affect our funding levels.
  • Loss of deposits or a change in deposit mix could increase our cost of funding.
  • Wholesale funding sources may prove insufficient to replace deposits at maturity and support our operations and future growth.
  • Potential deterioration in the performance or financial position of the FHLBB might restrict our funding needs and may adversely impact our financial condition and results of operations.
  • The soundness of other financial institutions could adversely affect us.
  • Damage to our reputation could significantly harm our business, including our competitive position and business prospects.
  • We may be unable to attract and retain qualified key employees, which could adversely affect our business prospects, including our competitive position and results of operations.
  • Our ability to service our debt and pay dividends is dependent on capital distributions from our subsidiary banks, and these distributions are subject to regulatory limits and other restrictions.
  • We face continuing and growing security risks to our information base, including the information we maintain relating to our customers.
  • We may not be able to successfully implement future information technology system enhancements, which could adversely affect our business operations and profitability.
  • We rely on other companies to provide key components of our business infrastructure.
  • We may incur significant losses as a result of ineffective risk management processes and strategies.
  • Our internal controls, procedures and policies may fail or be circumvented.
  • Natural disasters, acts of terrorism, pandemics and other external events could harm our business.
  • Our financial statements are based in part on assumptions and estimates, which, if wrong, could cause unexpected losses in the future.
  • Changes in accounting standards can be difficult to predict and can materially impact how we record and report our financial condition and results of operations.
  • Changes in tax laws and regulations and differences in interpretation of tax laws and regulations may adversely impact our financial statements.
  • Future capital offerings may adversely affect the market price of our common stock.
  • The market price and trading volume of our common stock may be volatile.
  • Anti-takeover provisions could negatively impact our stockholders.
  • If we acquire or seek to acquire other companies, our business may be negatively impacted by certain risks inherent with such acquisitions.
  • We may be required to write down goodwill and other acquisition-related identifiable intangible assets.
  • We operate in a highly regulated industry, and laws and regulations, or changes in them, could limit or restrict our activities and could have a material adverse effect on our operations.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • We may become subject to enforcements actions even though noncompliance was inadvertent or unintentional.
  • We face significant legal risks, both from regulatory investigations and proceedings and from private actions brought against us.
Management Discussion
  • The primary drivers of the Company's net income are net interest income, which is strongly affected by the net yield on and growth of interest-earning assets and liabilities, the quality of the Company's assets, its levels of non-interest income and non-interest expense, and its tax provision.
  • The Company's net interest income represents the difference between interest income earned on its investments, loans and leases, and its cost of funds. Interest income is dependent on the amount of interest-earning assets outstanding during the period and the yield earned thereon. Cost of funds is a function of the average amount of deposits and borrowed money outstanding during the year and the interest rates paid thereon. The net interest margin is calculated by dividing net interest income by average interest-earning assets. Net interest spread is the difference between the average rate earned on interest-earning assets and the average rate paid on interest-bearing liabilities. The increases or decreases, as applicable, in the components of interest income and interest expense, expressed in terms of fluctuation in average volume and rate, are summarized under "Rate/Volume Analysis" below. Information as to the components of interest income, interest expense and average rates is provided under "Average Balances, Net Interest Income, Interest-Rate Spread and Net Interest Margin" below.
  • Because the Company's assets and liabilities are not identical in duration and in repricing dates, the differential between the two is vulnerable to changes in market interest rates as well as the overall shape of the yield curve. These vulnerabilities are inherent to the business of banking and are commonly referred to as "interest-rate risk." How interest-rate risk is measured and, once measured, how much interest-rate risk is taken on, are based on numerous assumptions and other subjective judgments. See the discussion in “Item 3. Quantitative and Qualitative Disclosures about Market Risk” below.
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