BROOKLINE BANCORP INC
brooklinebancorp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed Aug 7, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Oct 9, 2025.
10-Q for Q2 FY2025, filed Aug 7, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Provides commercial and retail banking, lending, and wealth management services to small- and midsized businesses, individuals, endowments and foundations.
10-K for FY2024, filed Mar 3, 2025
How Did They Make Money?
The banks earn interest on loans and investment securities, and also collect transaction fees when transactions occur and deposit service charges monthly.
10-K for FY2024, filed Mar 3, 2025A substantial portion of the Company’s revenue is specifically excluded from the scope of Topic 606. This exclusion is associated with…View ↗
The Company recognizes revenue that is transactional in nature and such revenue is earned at a point in time. Revenue that is recognized at…View ↗
The Company recognizes revenue over a period of time, generally monthly, as services are performed and performance obligations are…View ↗
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10-K for FY2024, filed Mar 3, 2025
FY2024 revenue by product or service (Non-interest income, fees) ↗
$628.5M
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10-K for FY2024, filed Mar 3, 2025
$628.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Deposit fees
Recurring
|
82%
FY2021: 83%
|
Deposit fees, FY2024
$10.5M Sources
|
Recurring |
|
Loan fees
Sold outright
|
19%
FY2021: 17%
|
Loan fees, FY2024
$2.4M Sources
|
Sold outright |
Who Were Their Customers?
Serves small- to midsized businesses and individuals with commercial and retail banking, lending, deposit, and wealth management services. Deposits come primarily from communities where its banking offices are located.
10-K for FY2024, filed Mar 3, 2025The Company, through the Banks, offers a wide range of commercial, business and retail banking services, including a full complement of…View ↗
England and the Lower Hudson Valley in New York. Specialty lending activities, including equipment financing, are focused in the New York…View ↗
As of December 31, 2024, the Company, through its Banks, operated 63 full-service banking offices in Greater Boston, Massachusetts, Rhode…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2024 and turned 16 cents into free cash flow.
How Were They Changing?
10-Q for Q2 FY2025, filed Aug 7, 2025
Open tableView ↗
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Sep 2, 2025
Merger with Beacon Financial completed
Brookline merged into Beacon Financial, and Brookline Bank survived the bank mergers under the name Beacon Bank & Trust.
Sources
8-K, filed Sep 2, 2025
On September 1, 2025, Brookline Bancorp, Inc., a Delaware corporation (“Brookline”), completed its previously announced merger of equals…View ↗
Grew. Revenue grew 92% in 4 years, from $326.8M in FY2020 to $628.5M in FY2024, about 18% a year.
Added a New York market
The older report describes Brookline Bank and BankRI serving central New England; the latest also includes PCSB Bank and banking services in the Lower Hudson Valley.
10-K for FY2021, filed Feb 25, 2022 10-K for FY2024, filed Mar 3, 2025
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