Brookline Bancorp.

Brookline Bancorp reported net income of $22.0 million ($0.25 per share) for Q2 2025, with revenue up 10% to $94.7 million and net interest margin (NIM) improving 10 basis points to 3.32%. The loan portfolio was strategically reduced by $61.0 million, deposits increased by $59.0 million; the quarterly dividend of $0.135 remains unchanged. The planned merger with Berkshire Hills Bancorp is expected to close in the second half of 2025; Brookline anticipates a Q3 NIM increase of 4–8 basis points, low single-digit loan growth and deposit growth of 4–5%. » Więcej na de.investing.com

Brookline Bancorp has completed its merger with Beacon Financial (formerly Berkshire Hills Bancorp); Beacon Financial is the surviving company and will trade under the ticker BBT on the NYSE. As part of the transaction the bank subsidiaries were combined and Brookline common shares were removed from the NASDAQ; Brookline also reported Q2 results in line with expectations and disclosed a retention payment for Chief Credit Officer Mark J. Meiklejohn. The exchange terms provided for 0.42 Beacon shares per Brookline share, with fractional shares settled in cash. » Więcej na de.investing.com

Brookline Bancorp reported improved profitability in the second quarter of 2025, as margin expansion offset a strategic reduction in its loan portfolio. The company is preparing for its merger with Berkshire Hills Bancorp, expecting significant synergies from the deal and maintaining its dividend policy. Capitalization remains strong, while management continues to focus on risk management and shareholder value. » Więcej na de.investing.com