Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

	2019 Quarters
	Fourth			Third			Second			First
	(Dollars in Thousands Except Per Share Data)
Interest and dividend income	$	87,450		$	87,906		$	87,184		$	85,086
Interest expense	23,519			24,670			24,050			22,087
Net interest income	63,931			63,236			63,134			62,999
Provision for credit losses	3,602			871			3,757			1,353
Net interest income after provision for credit losses	60,329			62,365			59,377			61,646
Loan level derivative income, net	2,494			2,251			1,772			1,745
(Loss) gain on investment securities, net	133			(116		)	357			134
Gain on sales of loans and leases held-for-sale	309			550			561			289
Other non-interest income	4,820			5,244			4,788			4,462
Amortization of identified intangible assets	(420		)	(421		)	(420		)	(402		)
Other non-interest expense	(38,395		)	(39,770		)	(39,184		)	(38,469		)
Income before provision for income taxes	29,270			30,103			27,251			29,405
Provision for income taxes	7,087			7,507			6,780			6,895
Net income before noncontrolling interest in subsidiary	22,183			22,596			20,471			22,510
Less net income attributable to noncontrolling interest in subsidiary	—			—			—			43
Net income attributable to Brookline Bancorp, Inc.	$	22,183		$	22,596		$	20,471		$	22,467
Earnings per share:
Basic	$	0.28		$	0.28		$	0.26		$	0.28
Diluted	0.28			0.28			0.26			0.28
Average common shares outstanding:
Basic	79,682,724			79,700,403			79,669,922			79,658,583
Diluted	79,845,447			79,883,510			79,886,292			79,843,578
Common stock price:
High	$	16.83		$	15.39		$	15.92		$	16.23
Low	14.36			13.73			14.35			13.90
Dividends per share	$	0.115		$	0.110		$	0.110		$	0.105

	2018 Quarters
	Fourth			Third			Second			First
	(Dollars in Thousands Except Per Share Data)
Interest and dividend income	$	83,544		$	80,636		$	78,074		$	71,639
Interest expense	20,385			18,304			15,357			12,148
Net interest income	63,159			62,332			62,717			59,491
Provision for credit losses	123			2,717			1,470			641
Net interest income after provision for credit losses	63,036			59,615			61,247			58,850
Loan level derivative income, net	1,811			2,192			571			866
Gain on sales of investment securities, net	(692		)	(243		)	—			1,162
Gain on sales of loans and leases held-for-sale	327			535			722			299
Other non-interest income	5,015			4,585			4,233			3,841
Amortization of identified intangible assets	(537		)	(537		)	(539		)	(467		)
Other non-interest expense	(39,745		)	(36,773		)	(37,163		)	(39,471		)
Income before provision for income taxes	29,215			29,374			29,071			25,080
Provision for income taxes	7,055			6,140			7,342			5,652
Net income before noncontrolling interest in subsidiary	22,160			23,234			21,729			19,428
Less net income attributable to noncontrolling interest in subsidiary	1,022			774			898			795
Net income attributable to Brookline Bancorp, Inc.	$	21,138		$	22,460		$	20,831		$	18,633
Earnings per share:
Basic	$	0.26		$	0.28		$	0.26		$	0.24
Diluted	0.26			0.28			0.26			0.24
Average common shares outstanding:
Basic	80,258,489			80,315,050			80,184,977			77,879,593
Diluted	80,407,558			80,515,467			80,505,614			78,167,800
Common stock price:
High	$	16.97		$	19.05		$	19.25		$	17.05
Low	12.86			16.70			15.90			15.60
Dividends per share	$	0.105		$	0.100		$	0.100		$	0.090