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Brookline Bancorp

DB:BB3
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BB3
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. The last earnings update was 38 days ago. More info.


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BB3 Share Price and Events
7 Day Returns
0.6%
DB:BB3
-2.7%
DE Banks
-3.6%
DE Market
1 Year Returns
-20.1%
DB:BB3
-29.4%
DE Banks
-11.8%
DE Market
BB3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brookline Bancorp (BB3) 0.6% -2.1% -1% -20.1% 35.9% 95.3%
DE Banks -2.7% -15.6% -11.7% -29.4% 4.4% -36.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • BB3 outperformed the Banks industry which returned -29.4% over the past year.
  • BB3 underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
BB3
Industry
5yr Volatility vs Market

BB3 Value

 Is Brookline Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brookline Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brookline Bancorp.

DB:BB3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $12.18 * 10%
$1.22
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $12.18
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BB3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (78.72%))
0.974
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.974 * 5.96%)
6.03%

Discounted Cash Flow Calculation for DB:BB3 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Brookline Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:BB3 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 6.03%) * $12.18)
$0.49
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.49 / (6.03% - 0.23%)
$8.38
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $12.18 + $8.38
$20.55
DB:BB3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BB3 represents 0.88791x of NasdaqGS:BRKL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88791x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 20.55 x 0.88791
€18.25
Value per share (EUR) From above. €18.25
Current discount Discount to share price of €13.07
= -1 x (€13.07 - €18.25) / €18.25
28.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brookline Bancorp is available for.
Intrinsic value
28%
Share price is €13.07 vs Future cash flow value of €18.25
Current Discount Checks
For Brookline Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brookline Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brookline Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brookline Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brookline Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BB3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.08
NasdaqGS:BRKL Share Price ** NasdaqGS (2019-06-14) in USD $14.72
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 14.83x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brookline Bancorp.

DB:BB3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BRKL Share Price ÷ EPS (both in USD)

= 14.72 ÷ 1.08

13.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookline Bancorp is good value based on earnings compared to the DE Banks industry average.
  • Brookline Bancorp is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Brookline Bancorp's expected growth come at a high price?
Raw Data
DB:BB3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
6.8%per year
Europe Banks Industry PEG Ratio Median Figure of 113 Publicly-Listed Banks Companies 0.79x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:BB3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.57x ÷ 6.8%

2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookline Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Brookline Bancorp's assets?
Raw Data
DB:BB3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.30
NasdaqGS:BRKL Share Price * NasdaqGS (2019-06-14) in USD $14.72
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.86x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:BB3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BRKL Share Price ÷ Book Value per Share (both in USD)

= 14.72 ÷ 11.30

1.3x

* Primary Listing of Brookline Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookline Bancorp is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Brookline Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Brookline Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BB3 Future Performance

 How is Brookline Bancorp expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brookline Bancorp expected to grow at an attractive rate?
  • Brookline Bancorp's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Brookline Bancorp's earnings growth is positive but not above the Germany market average.
  • Brookline Bancorp's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BB3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BB3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 6.8%
DB:BB3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.1%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Germany Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BB3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BB3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 292 98 5
2019-12-31 275 92 5
DB:BB3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 271 110 87
2018-12-31 268 123 83
2018-09-30 260 116 69
2018-06-30 253 107 62
2018-03-31 246 95 56
2017-12-31 236 85 51
2017-09-30 229 89 57
2017-06-30 224 87 55
2017-03-31 218 97 53
2016-12-31 216 78 52
2016-09-30 216 81 52
2016-06-30 213 78 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brookline Bancorp's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
  • Brookline Bancorp's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BB3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Brookline Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BB3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.23 1.28 1.16 5.00
2019-12-31 1.16 1.18 1.14 5.00
DB:BB3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.08
2018-12-31 1.04
2018-09-30 0.87
2018-06-30 0.79
2018-03-31 0.73
2017-12-31 0.68
2017-09-30 0.78
2017-06-30 0.77
2017-03-31 0.75
2016-12-31 0.75
2016-09-30 0.75
2016-06-30 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Brookline Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Brookline Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brookline Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BB3 Past Performance

  How has Brookline Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brookline Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brookline Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Brookline Bancorp's 1-year earnings growth exceeds its 5-year average (56% vs 13.7%)
  • Brookline Bancorp's earnings growth has exceeded the DE Banks industry average in the past year (56% vs 4.7%).
Earnings and Revenue History
Brookline Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brookline Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BB3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 271.23 86.90 134.56
2018-12-31 267.97 83.06 133.16
2018-09-30 260.15 68.75 129.79
2018-06-30 253.37 61.66 127.54
2018-03-31 245.78 55.71 125.17
2017-12-31 236.37 50.52 121.50
2017-09-30 228.80 56.97 119.77
2017-06-30 224.41 55.22 118.53
2017-03-31 218.29 53.00 116.07
2016-12-31 215.98 52.36 114.45
2016-09-30 216.50 52.41 113.12
2016-06-30 212.59 51.68 110.49
2016-03-31 209.66 50.89 108.52
2015-12-31 207.10 49.78 107.58
2015-09-30 202.87 47.33 107.47
2015-06-30 201.34 46.18 108.12
2015-03-31 199.20 44.45 108.98
2014-12-31 197.87 43.29 110.73
2014-09-30 191.27 40.07 110.45
2014-06-30 185.29 37.76 107.98
2014-03-31 183.39 37.12 107.03
2013-12-31 180.91 36.02 103.45
2013-09-30 181.39 39.60 99.35
2013-06-30 184.63 41.57 98.53
2013-03-31 179.35 39.61 96.13
2012-12-31 178.15 37.14 99.44
2012-09-30 161.28 32.34 82.14
2012-06-30 141.93 27.21 72.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brookline Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brookline Bancorp used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Brookline Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Brookline Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brookline Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BB3 Health

 How is Brookline Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Brookline Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brookline Bancorp Company Filings, last reported 2 months ago.

DB:BB3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 900.57 923.17 148.16
2018-12-31 910.62 942.76 68.28
2018-09-30 899.83 1,105.93 81.01
2018-06-30 886.37 1,128.48 73.06
2018-03-31 874.75 1,113.09 97.63
2017-12-31 812.58 1,029.76 30.01
2017-09-30 812.54 995.87 73.41
2017-06-30 803.06 1,076.57 122.94
2017-03-31 711.25 1,066.16 71.28
2016-12-31 702.75 1,053.82 46.52
2016-09-30 702.92 1,047.44 89.34
2016-06-30 695.95 1,054.51 96.01
2016-03-31 686.79 1,046.89 92.51
2015-12-31 673.49 991.81 38.65
2015-09-30 668.74 968.48 55.16
2015-06-30 658.59 940.13 94.53
2015-03-31 655.97 928.70 200.76
2014-12-31 646.61 1,129.12 31.80
2014-09-30 636.71 1,134.17 89.45
2014-06-30 631.57 1,041.92 80.62
2014-03-31 624.72 892.83 73.73
2013-12-31 618.17 813.41 39.13
2013-09-30 618.62 829.77 96.35
2013-06-30 614.87 831.05 100.74
2013-03-31 617.25 821.72 92.10
2012-12-31 615.81 855.35 76.71
2012-09-30 610.22 829.76 76.27
2012-06-30 602.80 795.59 218.51
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Brookline Bancorp has an acceptable proportion of non-loan assets held.
  • Brookline Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Brookline Bancorp are broadly funded by customer deposits.
  • Brookline Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Brookline Bancorp has a sufficient allowance for bad loans.
  • Brookline Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Brookline Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brookline Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BB3 Dividends

 What is Brookline Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.99%
Current annual income from Brookline Bancorp dividends. Estimated to be 3.07% next year.
If you bought €2,000 of Brookline Bancorp shares you are expected to receive €60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Brookline Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Brookline Bancorp's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BB3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BB3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.46 4.00
2019-12-31 0.44 4.00
DB:BB3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.440 2.946
2019-04-24 0.440 2.877
2019-02-28 0.420 2.829
2019-01-30 0.420 2.674
2018-11-07 0.420 2.918
2018-10-24 0.420 2.723
2018-08-07 0.400 2.323
2018-07-25 0.400 2.184
2018-04-25 0.400 2.203
2018-02-28 0.360 2.193
2018-01-31 0.360 2.210
2017-11-03 0.360 2.291
2017-10-18 0.360 2.306
2017-07-20 0.360 2.447
2017-04-26 0.360 2.507
2017-03-01 0.360 2.354
2017-01-25 0.360 2.268
2016-11-04 0.360 2.319
2016-10-19 0.360 2.827
2016-08-05 0.360 3.028
2016-07-20 0.360 3.156
2016-04-26 0.360 3.204
2015-10-22 0.360 3.240
2015-07-22 0.360 3.382
2015-05-11 0.360 3.195
2015-04-22 0.360 3.350
2015-03-02 0.340 3.398
2015-01-28 0.340 3.489
2014-07-30 0.340 3.658
2014-04-23 0.340 3.731
2013-10-23 0.340 3.714
2013-04-24 0.340 3.754
2012-10-24 0.340 3.904
2012-07-25 0.340 3.932
2012-04-19 0.340 3.832
2012-01-25 0.340 3.665
2011-10-19 0.340 4.152
2011-07-20 0.340 4.224
2011-04-20 0.340 3.806
2011-01-19 0.340 3.240
2010-10-20 0.340 3.283
2010-07-21 0.340 3.526
2010-04-21 0.340 3.459
2010-01-21 0.340 3.282
2009-10-15 0.340 3.519
2009-07-17 0.340 3.218

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Brookline Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Brookline Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brookline Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brookline Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BB3 Management

 What is the CEO of Brookline Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Perrault
COMPENSATION $2,164,595
AGE 66
TENURE AS CEO 10.2 years
CEO Bio

Mr. Paul A. Perrault has been the Chief Executive Officer and President of Brookline BanCorp, Inc. since April 16, 2009 and March 16, 2009 respectively. From 2009 through 2016, Mr. Perrault served as Chief Executive Officer of Brookline Bank. From 2011 through 2016, Mr. Perrault served as President of Brookline Bank. He served as the President and Chief Executive Officer of Santander Holdings USA, Inc. since January 3, 2009. He served as the Chief Executive Officer of Chittenden Trust Company. He served as the Chairman of the Board, Chief Executive Officer and President of Chittenden Corp. from 1998 to 2008. From 1989 to 1990, he served as the President of Bank of New England-Old Colony, Providence, Rhode Island. He served as Executive Vice President and Senior Loan Officer at Bank of New England and began his career with it in 1985. Mr. Perrault also serves as a member of the Board of Directors of First Ipswich Bank and Bank Rhode Island. He has been the Chairman of Brookline Bank, a subsidiary of Brookline Bancorp since March 16, 2009. Mr. Perrault began his banking career in 1975 at Shawmut Bank and also served in a variety of commercial banking positions in Rhode Island and Boston. Mr. Perrault served as the Chairman of Chittenden Trust Company since 1998. He is a Director of Brookline BanCorp, Inc. since 2009. He served as a Director of Maine Bank & Trust Company. He serves as a Trustee of Champlain College. He serves as a Treasurer of Shelburne Museum. He serves on the Board of Trustees of Shelburne Museum. Mr. Perrault serves on the American Bankers Council, The Corporate Governance Task Force and is a Member of the SuperCommunity Bank Peer Group. During January 2009, Mr. Perrault was the Chief Executive Officer of Sovereign Bancorp, Inc. From 1990 through 2007, Mr. Perrault was President and Chief Executive Officer of Chittenden Corporation and additionally, from 1998 through 2007, he served as Chairman of Chittenden Corporation. Mr. Perrault is a member of the Board of Trustees of Salve Regina University in Newport, Rhode Island, a member of the Board of Trustees of the Perkins School for the Blind in Watertown, Massachusetts and a member of the Board of Directors of P.C. Construction, Inc., a large contracting company headquartered in South Burlington, Vermont. He is a 1973 graduate of Babson College and received his MBA from Carroll School of Management of Boston College in 1975.

CEO Compensation
  • Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Brookline Bancorp management team in years:

7.8
Average Tenure
56
Average Age
  • The average tenure for the Brookline Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paul Perrault

TITLE
President
COMPENSATION
$2M
AGE
66
TENURE
10.2 yrs

Carl Carlson

TITLE
Chief Financial Officer
COMPENSATION
$804K
AGE
54
TENURE
5.2 yrs

M. Rose

TITLE
Chief Credit Officer
COMPENSATION
$684K
AGE
66
TENURE
9.8 yrs

Darryl Fess

TITLE
President & CEO of Brookline Bank
COMPENSATION
$687K
AGE
56
TENURE
2.8 yrs

Mark Meiklejohn

TITLE
President
COMPENSATION
$673K
AGE
54
TENURE
7.4 yrs

Jim Cosman

TITLE
Chief Operations Officer
COMPENSATION
$585K
AGE
67
TENURE
7.8 yrs

Michael McCurdy

TITLE
Chief Risk Officer
COMPENSATION
$515K
AGE
49

Sandra Jenkins

TITLE
Chief Human Resources Officer
AGE
56
TENURE
3.9 yrs

Bill MacKenzie

TITLE
Senior Vice President of Commercial Lending
TENURE
13.3 yrs

Michael Fanger

TITLE
CEO of Eastern Funding LLC
COMPENSATION
$538K
AGE
60
TENURE
22 yrs
Board of Directors Tenure

Average tenure and age of the Brookline Bancorp board of directors in years:

10.2
Average Tenure
64.5
Average Age
  • The average tenure for the Brookline Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joe Slotnik

TITLE
Chairman of the Board
COMPENSATION
$130K
AGE
81
TENURE
8.2 yrs

Paul Perrault

TITLE
President
COMPENSATION
$2M
AGE
66
TENURE
10.2 yrs

Mark Meiklejohn

TITLE
President
COMPENSATION
$673K
AGE
54

Michael Fanger

TITLE
CEO of Eastern Funding LLC
COMPENSATION
$538K
AGE
60

Jim McCarthy

TITLE
Chairman
AGE
57
TENURE
2.7 yrs

Peter Wilde

TITLE
Director
COMPENSATION
$120K
AGE
78
TENURE
26.4 yrs

David Chapin

TITLE
Director
COMPENSATION
$120K
AGE
81
TENURE
30.4 yrs

Tom Hollister

TITLE
Director
COMPENSATION
$120K
AGE
63
TENURE
10.2 yrs

Bob Nowak

TITLE
Director
COMPENSATION
$115K
AGE
54
TENURE
7.4 yrs

Charlie Peck

TITLE
Director
COMPENSATION
$110K
AGE
77
TENURE
24.4 yrs
Who owns this company?
Recent Insider Trading
  • Brookline Bancorp insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Jun 19 Sell Michael McCurdy Individual 12. Jun 19 12. Jun 19 -2,574 €13.16 €-33,862
12. Jun 19 Sell Mark Meiklejohn Individual 11. Jun 19 11. Jun 19 -23,335 €13.29 €-310,142
29. Apr 19 Sell John Hackett Individual 29. Apr 19 29. Apr 19 -1,070 €13.60 €-14,553
15. Feb 19 Sell Charles Peck Individual 15. Feb 19 15. Feb 19 -12,000 €14.27 €-171,262
28. Nov 18 Buy Joanne Chang Individual 28. Nov 18 28. Nov 18 100 €13.38 €1,338
31. Oct 18 Buy John Doyle Individual 30. Oct 18 30. Oct 18 1,000 €13.73 €13,730
11. Sep 18 Sell Michael McCurdy Individual 11. Sep 18 11. Sep 18 -3,000 €15.45 €-46,338
28. Aug 18 Sell David Chapin Individual 28. Aug 18 28. Aug 18 -5,000 €15.37 €-76,858
16. Aug 18 Sell James Cosman Individual 16. Aug 18 16. Aug 18 -2,750 €15.81 €-43,470
03. Aug 18 Sell M. Rose Individual 02. Aug 18 02. Aug 18 -4,500 €15.80 €-71,097
X
Management checks
We assess Brookline Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brookline Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BB3 News

Simply Wall St News

BB3 Company Info

Description

Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts, as well as commercial, municipal, and retail deposits. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; financing for construction and development projects; home equity and other consumer loans; and commercial loans and leases to small and midsized businesses. It also provides term loans, letters of credit, cash management, investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. As of December 31, 2018, the company operated 51 full-service banking offices in greater Boston, the north shore of Massachusetts, and Rhode Island. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in Boston, Massachusetts.

Details
Name: Brookline Bancorp, Inc.
BB3
Exchange: DB
Founded: 1871
$1,045,033,468
79,670,207
Website: http://www.brooklinebancorp.com
Address: Brookline Bancorp, Inc.
131 Clarendon Street,
Boston,
Massachusetts, 02116,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BRKL Common Stock Nasdaq Global Select US USD 25. Mar 1998
DB BB3 Common Stock Deutsche Boerse AG DE EUR 25. Mar 1998
Number of employees
Current staff
Staff numbers
770
Brookline Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 22:01
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.