Brookline Bancorp: +5% Dividend Yield And Earnings Likely To Recover By Next Year
TBBKThe Bancorp(TBBK) Seeking Alpha·2024-09-07 03:33
Sean PavoneEarnings of Brookline Bancorp (NASDAQ:BRKL) will most probably dip this year due to net interest margin compression. Subdued loan growth will likely help earnings recover next year. Overall, I’m expecting earnings to dip by 13% to $0.74 per share in 2024 and rise by 15% to $0.85 per share in 2025. Compared to my last report on the company, I’ve reduced my earnings estimate as both the loan balance and the net interest margin missed my expectations during the second quarter. The year-end targe ...