Brookline Bancorp, Inc. (BRKL) Financial Statements (2024 and earlier)

Company Profile

Business Address 131 CLARENDON STREET
BOSTON, MA 02116
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments382,959327,737435,44381,37193,79161,005
Cash and cash equivalents382,959327,737434,91777,79089,58461,005
Short-term investments   5263,5814,207 
Total current assets:382,959327,737435,44381,37193,79161,005
Noncurrent Assets
Operating lease, right-of-use asset19,48420,50824,14324,876
Property, plant and equipment71,39170,35971,56874,35076,38280,283
Intangible assets, net (including goodwill)162,208162,703163,579164,850166,513143,934
Goodwill160,427160,427160,427160,427160,427137,890
Intangible assets, net (excluding goodwill)1,7812,2763,1524,4236,0866,044
Deferred income tax assets52,23738,98740,12925,017
Total noncurrent assets:305,320292,557299,419289,093242,895224,217
Other undisclosed assets8,497,5577,982,3288,207,5627,486,3897,056,1196,495,027
TOTAL ASSETS:9,185,8368,602,6228,942,4247,856,8537,392,8056,780,249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,003,300114,798623,611599,262603,590514,314
Total current liabilities: 1,003,300114,798623,611599,262603,590514,314
Noncurrent Liabilities
Other undisclosed liabilities7,190,4117,492,4827,377,0356,311,9855,878,5965,453,352
Total liabilities:8,193,7117,607,2808,000,6466,911,2476,482,1865,967,666
Equity
Equity, attributable to parent, including:992,125652,850677,177945,606900,140803,830
Common stock852852852852852817
Treasury stock, value(94,873)(84,718)(77,343)(59,073)(59,120)(51,454)
Additional paid in capital736,074736,826737,178736,601755,629699,976
Accumulated other comprehensive income (loss)(61,947)(110)16,4902,283(9,460)(5,950)
Retained earnings 412,019     
Other undisclosed equity, attributable to parent   264,943212,239160,441
Equity, attributable to noncontrolling interest     10,4798,753
Other undisclosed equity  342,492264,601   
Total equity:992,125995,342941,778945,606910,619812,583
TOTAL LIABILITIES AND EQUITY:9,185,8368,602,6228,942,4247,856,8537,392,8056,780,249

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues328,769297,927309,798330,345295,269258,182
Net investment income328,769297,927309,798330,345295,269247,022
Cost of revenue(8,627) (61,886)(9,583)(4,951)(18,988)
Provision for loan, lease, and other losses(8,627) (61,886)(9,583)(4,951)
Financial services costs(18,988)
Gross profit:320,142297,927247,912320,762290,318239,194
Operating expenses(28,785)(24,698)(25,940)(26,894)(29,278)(107,143)
Operating income:291,357273,229221,972293,868261,040132,051
Nonoperating income
(Investment Income, Nonoperating)
      11,393
Interest and debt expense(45,415)(29,156)(66,654)(94,326)(66,194)(39,869)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (93,241)(83,513)(82,106)(6,320)
Income from continuing operations before equity method investments, income taxes:245,942244,07362,077116,029112,74097,255
Other undisclosed loss from continuing operations before income taxes(105,993)(89,482)    
Income from continuing operations before income taxes:139,949154,59162,077116,029112,74097,255
Income tax expense(30,205)(39,151)(14,442)(28,269)(26,189)(43,636)
Income from continuing operations:109,744115,44047,63587,76086,55153,619
Income before gain (loss) on sale of properties:115,44047,63587,76086,55153,619
Net income:109,744115,44047,63587,76086,55153,619
Net loss attributable to noncontrolling interest    (43)(3,489)(3,101)
Net income available to common stockholders, diluted:109,744115,44047,63587,71783,06250,518

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:109,744115,44047,63587,76086,55153,619
Other comprehensive income (loss)(61,837)(16,600)14,20711,743(3,510)(1,069)
Comprehensive income:47,90798,84061,84299,50383,04152,550
Comprehensive loss, net of tax, attributable to noncontrolling interest    (43)(3,489)(3,101)
Comprehensive income, net of tax, attributable to parent:47,90798,84061,84299,46079,55249,449

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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