Brookline Bancorp, Inc. (BRKL): Business Model Canvas [Dec-2025 Updated]

You're looking to cut through the noise and understand the actual mechanics of the newly formed $24 billion asset Beacon Financial Corporation, which absorbed Brookline Bancorp, Inc. (BRKL) on September 1, 2025, and honestly, that means dissecting its Business Model Canvas to see the real strategy. As an analyst who's seen a few big integrations, I can tell you the key is in the details: they are balancing a 145+ branch network with a strategic move to reduce Commercial Real Estate risk while targeting a 3.32% Net Interest Margin (NIM) as seen in Q2 2025. Below, I've laid out the nine building blocks-from their specialized lending activities via Eastern Funding to their revenue streams projected around $513.51 million for the full year-so you get a precise, actionable snapshot of how this new regional powerhouse plans to operate going forward.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Key Partnerships

You're looking at the key external relationships that support the newly formed Beacon Financial Corporation, which completed its merger of equals on September 1, 2025. This is a critical area because, as of late 2025, the operational integration is still underway, meaning legacy partnerships are being managed alongside new combined structures.

Merger with Berkshire Hills Bancorp, Inc. to form Beacon Financial Corporation

The most significant partnership is the merger itself, creating Beacon Financial Corporation, the holding company for Beacon Bank & Trust (commonly known as Beacon Bank). This transaction closed on September 1, 2025.

The combined entity immediately became a $24 billion regional banking franchise serving the Northeast, operating out of more than 145 branch offices throughout New England and New York. Paul A. Perrault, formerly Chairman and CEO of Brookline Bancorp, Inc., serves as the CEO of the combined company. The full integration of banking systems is scheduled for the first quarter of 2026.

Metric	Value Post-Merger (Late 2025)
Holding Company Name	Beacon Financial Corporation
Bank Name	Beacon Bank & Trust
Merger Completion Date	September 1, 2025
Combined Assets	$24 billion
Branch Footprint	More than 145 offices

Strategic alliances with fintech providers for digital services

While the focus in 2025 was heavily on the merger, the legacy Brookline Bank had established relationships to enhance digital capabilities. For instance, in February 2025, Brookline Bank partnered with Stickball to provide innovative financial literacy platforms for customers and underserved communities. This builds on prior efforts, such as the 2021 partnership with Prolific Banking Inc. for automated enrollment services. The combined Beacon Financial Corporation is focused on system integration in early 2026, which will likely involve standardizing and scaling these digital partnerships.

Here are some of the key operational relationships mentioned:

• Partnership with Stickball for financial literacy platforms (announced February 2025).
• Legacy relationship with Prolific Banking Inc. for enrollment-as-a-service (2021).
• Equipment financing provided through the subsidiary Eastern Funding.

Correspondent banking relationships for liquidity and services

The USA PATRIOT Act requires financial institutions to monitor their correspondent banking relationships closely. While specific 2025 transaction volumes aren't public, the merger itself is anticipated to enhance the combined entity's loan relationship capabilities. These relationships are essential for managing liquidity and ensuring compliance with anti-money laundering regulations, especially concerning transactions with foreign entities or "shell banks".

The regulatory environment mandates specific monitoring steps for these partnerships. The key action here is maintaining robust compliance programs to satisfy federal regulators regarding these external banking ties.

Local community organizations for CRA compliance and outreach

Community Reinvestment Act (CRA) compliance relies heavily on partnerships with local organizations to serve low- and moderate-income (LMI) communities. The legacy Brookline Bank was active in this space.

For example, in July 2025, Brookline Bank announced participation in MHP ONE+ Mortgage and MHP ONE+Boston first-time homebuyers programs to help Massachusetts residents secure mortgages. Furthermore, in October 2024, Brookline Bank collaborated with MassDevelopment to structure $35 million in tax-exempt bonds for a major expansion at Malden Catholic.

The combined Beacon Bank is expected to continue this commitment across its expanded footprint in Massachusetts, Rhode Island, and New York.

Broadridge Corporate Issuer Solutions for stock transfer agent services

For shareholder services, Beacon Financial Corporation, trading under the new ticker symbol 'BBT,' utilizes Broadridge Corporate Issuer Solutions as its registrar and transfer agent. This firm handles all registered shares, including those previously held under the former BRKL and BHLB tickers. Broadridge also administers the Direct Stock Purchase and Dividend Reinvestment Plan (DSP) for the predecessor company.

Here are the specific investment parameters for the legacy DSP plan, which inform the service structure now managed by Broadridge for the combined entity:

DSP Investment Type	Minimum/Maximum Amount
Minimum Initial Investment	$250.00
Maximum Initial Investment	$10,000.00
Minimum One-time Optional Investment (ACH/Check)	$25.00
Minimum Recurring Optional Investment (ACH)	$100.00

Shareholders with questions about their registered BBT shares should contact Broadridge directly at 844-458-9357.

Finance: draft 13-week cash view by Friday.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Key Activities

You're looking at the core engine of Brookline Bancorp, Inc. (BRKL) right before it fully transitions into Beacon Financial Corporation. The key activities here are all about managing the balance sheet strategically through the merger and focusing on core, profitable business lines. Here's the breakdown of what they were actively doing as of late 2025.

Commercial and Industrial (C&I) loan origination and servicing.

The focus here is on disciplined growth in the core commercial space, which is expected to be a strength of the combined entity. For the second quarter of 2025, Brookline Bancorp originated new loans totaling $445 million at a weighted average coupon of 6.94%. Management projected that loan portfolio growth for the remainder of 2025 would be in the low single digits, with growth in commercial and consumer loans being tempered by the runoff of specialty vehicles and gradual Commercial Real Estate (CRE) activity.

Key origination and servicing metrics from recent periods include:

• Originated new loans (Q2 2025): $445 million.
• Projected loan portfolio growth (Balance of 2025): Low single digits.
• Weighted average coupon on new originations (Q2 2025): 6.94%.

Deposit gathering and liability management for funding.

Liability management has been intentional to lower funding costs ahead of the merger. In the third quarter of 2024, the bank saw customer deposits increase by $103.2 million while brokered deposits declined by $107.9 million, which supported lower funding costs. Looking forward from Q2 2025, the company projected deposit growth for the balance of 2025 to be in the 4% to 5% range, with growth generally favoring interest-bearing accounts.

The net interest margin (NIM) activity shows the success of this management:

Metric	Q3 2024 Value	Q2 2025 Value	Projected Q3 2025 Change
Net Interest Margin (NIM)	3.07%	3.32%	Increase of 4-8 basis points
Net Interest Income	$83.0 million	$88.7 million	N/A

Specialized lending via Eastern Funding (equipment finance).

Eastern Funding LLC, a subsidiary, is actively restructuring its specialized lending. The company announced an orderly wind-down of its Specialty Vehicles & Equipment Funding Group in July 2024 to increase focus on core commercial financing solutions like laundromats and owner-occupied commercial real estate. However, the activity of servicing the existing book remains a key function.

Here are the figures related to the wind-down and existing portfolio management:

• Eastern Funding was ranked #50 on the Monitor 100 list of equipment finance companies.
• Net charge-offs in Q3 2024 related to equipment financing were $3.8 million.
• Non-performing loans (NPLs) for equipment financing reached $37.2 million in Q3 2024.
• The company will continue to fully service and support the existing portfolio of vehicle loans.

Managing system integration for the February 2026 core conversion.

This is a massive, near-term operational activity. The merger of equals with Berkshire Hills Bancorp was finalized on September 1, 2025, creating Beacon Financial Corporation with $24 billion in assets. The critical subsequent activity is the integration of the banking systems, which is targeted for February 2026, specifically mentioned as February 9th. Managing the staffing and preparation for this conversion is a significant operational focus throughout late 2025.

The merger created a new entity with significant scale:

• Merger Completion Date: September 1, 2025.
• Target Core System Conversion Date: February 2026 (specifically February 9th).
• Combined Asset Size Post-Merger: $24 billion.

Risk management and intentional commercial real estate (CRE) reduction.

Risk management is front and center, evidenced by proactive balance sheet management. During the second quarter of 2025, Brookline Bancorp intentionally reduced its total loan portfolio by $61 million. This reduction was driven primarily by a $95 million reduction in commercial real estate loans during that same quarter. At that point, the CRE portfolio represented 57% of total loans, with the majority of those loans having loan-to-value (LTV) ratios below 70%.

Asset quality metrics reflect this prudent approach:

Risk Metric	Q2 2025 Value	Context/Driver
Non-Performing Assets to Total Assets	0.55%	Strong asset quality maintained pre-merger.
Intentional CRE Loan Reduction (Q2 2025)	$95 million	Part of strategic balance sheet management.
Provision for Credit Losses (Q2 2025)	$7.0 million	Increased from $6.0 million the prior quarter.

The combined entity anticipates enhanced capacity for larger loan relationships, potentially approaching $100 million for well-sponsored relationships, post-merger integration.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Key Resources

You're looking at the core assets underpinning the newly formed regional franchise following the September 1, 2025, merger of equals. Honestly, the most critical resource right now is the successful integration of the two organizations into Beacon Financial Corporation.

The balance sheet strength inherited from the legacy Brookline Bancorp, Inc. (BRKL) provides a solid foundation. As of the first half of 2025, the pre-merger Brookline Bancorp, Inc. reported total assets of approximately $11.5 billion, with Q2 2025 net income reaching $22.0 million. The combined entity, Beacon Financial Corporation, now commands pro forma total assets of roughly $24 billion, creating a much larger Northeast franchise.

The physical and operational footprint is substantial, anchored by the combined branch network. You're looking at 145+ combined branch offices serving clients across the Northeast, spanning Massachusetts, Rhode Island, and New York.

The structure itself is a key resource, leveraging distinct charters and specialized subsidiaries, even as system integration proceeds toward early February 2026. The operational structure is detailed here:

Parent Holding Company (Post-Merger)	Beacon Financial Corporation (NYSE: BBT)
Core Banking Divisions	Brookline Bank, BankRI, PCSB Bank, and Berkshire Bank
Wealth Management Arm	Clarendon Private LLC
Equipment Financing Subsidiary	Eastern Funding

The wealth management component, Clarendon Private subsidiary, is a recognized asset. For instance, Clarendon Private was named in Newsweek's 2025 Top Financial Advisory Firms, ranking in the top 5% of over 15,000 registered firms. That kind of external validation is a resource you can't easily replicate.

Human capital, specifically the leadership guiding this transition, is paramount. The experienced management team, including Paul A. Perrault, Chairman and CEO of the former Brookline Bancorp, is leading the integration efforts to realize the full potential of the combination. The key resources supporting the combined entity's operations include:

• $24 billion in combined total assets as of September 1, 2025.
• 145+ branch offices across the Northeast footprint.
• Three distinct banking charters (Brookline Bank, BankRI, PCSB Bank) operating as divisions.
• A recognized wealth management platform, Clarendon Private.
• The leadership team executing the systems integration planned for early 2026.

The combined entity's ability to offer enhanced capacity for larger loan relationships, potentially approaching $100 million for well-sponsored relationships, is a direct result of combining these resources.

Finance: draft 13-week cash view by Friday.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Value Propositions

You're looking at the core value delivered by Brookline Bancorp, Inc. (BRKL) just as it transitioned into the larger Beacon Financial Corporation following the September 1, 2025, merger. The value proposition centers on delivering comprehensive banking services backed by newly enhanced scale and a proven operational structure.

The foundation of the value proposition is a full suite of tailored commercial and retail banking solutions. This wasn't just theoretical; the operational structure supported this breadth. For instance, as of June 30, 2025, the entity before the final merger closing held total assets of $11.6 billion, supporting a robust service offering.

A key differentiator was the localized decision-making through a multi-bank division structure. Before the merger, this was executed via subsidiaries like Brookline Bank, Bank Rhode Island (BankRI), and PCSB Bank, each serving specific geographic areas in Massachusetts, Rhode Island, and New York. This structure allowed for a community-focused approach even within a larger holding company framework.

This structure also enabled specialized financial services like equipment and SBA lending. The ability to offer niche financing was supported by dedicated non-bank subsidiaries, such as equipment financing through Eastern Funding and Small Business Administration (SBA) lending via 44 Business Capital. This specialized capability allowed the bank to attract larger Small to Medium Enterprise (SME) customers.

The strategic merger completed in late 2025 immediately provided enhanced scale and resources from the $24 billion combined entity. This new scale, achieved with Berkshire Hills Bancorp, positions the resulting franchise to offer greater lending capacity and improved competitive positioning across the Northeast.

Performance metrics from the immediate pre-merger period underscore the operational efficiency being carried forward. The bank demonstrated strong margin management, achieving an improved net interest margin (NIM) of 3.32% in Q2 2025, up 10 basis points from the prior quarter. This margin expansion was driven by lower funding costs and higher asset yields, which translated to a Net Interest Income of $88.7 million for that quarter.

Here's a quick look at the financial strength underpinning these propositions as of the second quarter of 2025:

Metric	Value (Q2 2025)	Context
Net Interest Margin (NIM)	3.32%	Up 10 basis points quarter-over-quarter
Net Interest Income	$88.7 million	Increase of $2.9 million from Q1 2025
Net Income	$22.0 million	Resulting in $0.25 per basic and diluted share
Total Assets (as of 6/30/2025)	$11.6 billion	Pre-merger balance sheet size
Quarterly Dividend	$0.135 per share	Maintained for the quarter ended June 30, 2025

The value delivered is a combination of scale and specialized service, which is now amplified. The commitment to clients is evident in the stable asset quality, with the Non-Performing Loan (NPL) ratio holding at 0.65% in Q2 2025.

The core value propositions can be summarized by the capabilities they offer:

• Delivering a comprehensive commercial and retail product set.
• Maintaining localized service via distinct bank divisions.
• Providing specialized financing like SBA and equipment loans.
• Leveraging the new $24 billion franchise scale.
• Operating from a foundation of a 3.32% NIM.

Finance: draft pro-forma capital adequacy projection for the new entity by Friday.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Customer Relationships

You're looking at the customer relationship strategy right after the September 1, 2025, merger of equals with Berkshire Hills Bancorp, which created Beacon Financial Corporation and its operating subsidiary, Beacon Bank & Trust, commonly called Beacon Bank. The focus now is on maintaining personalized service while scaling the network.

The commitment to high-touch service for commercial clients continues, with the expectation that the combined entity can support much larger needs. For instance, CEO Paul Perrault noted that for certain well-sponsored relationships, the capacity would be approaching $100 million post-merger. That's a concrete shift in relationship depth.

The community-centric model remains a core tenet, even with the larger scale. You see this in the minimal expected disruption; only four branch consolidations are anticipated in early 2026, reflecting the complementary geographic footprints of the legacy banks. The teams you know and trust are staying the same, which is key to relationship continuity until the full systems integration in early February 2026.

Here's a quick look at the combined scale supporting these relationships:

Metric	Value (As of Late 2025 Context)
Combined Total Assets	$24 billion
Combined Branch Network	Over 145 offices
Legacy Deposit Growth Projection (2025)	4-5% increase
Q2 2025 Deposit Increase (Legacy BRKL)	$59 million

Self-service options are being enhanced through the merger, providing convenience alongside the personalized touch. You now have access to a much wider network for basic transactions.

• Fee-free ATM access is available across the entire combined network of Berkshire Bank, Brookline Bank, BankRI, and PCSB Bank ATMs, effective September 1, 2025.
• The underlying business strength supporting these relationships was evident in Q2 2025, with legacy Brookline Bancorp reporting revenue of $94.66 million.

For the affluent segment, the high-touch private wealth services are delivered through Clarendon Private LLC. This subsidiary, which acts as a fiduciary, continues to offer customized, relationship-based strategies. While the latest reported discretionary Assets Under Management (AUM) was from the end of 2024 at $344,304,586, the firm's focus on bespoke service is recognized; Clarendon Private was named one of America's Top Financial Advisory Firms 2025 by Newsweek.

The relationship structure is layered:

• Dedicated relationship managers for small-to-mid-sized businesses, now operating under the Beacon Bank umbrella.
• Community-centric, personalized service model at the branch level, with teams largely remaining in place post-merger.
• Self-service options via online and mobile banking platforms, now backed by a larger technology base.
• Fee-free ATM access across the combined bank network (post-merger).
• High-touch private wealth services through Clarendon Private, which serves individuals, families, foundations, and endowments.

Finance: review the integration budget line item for branch consolidation costs by next Tuesday.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Channels

The channels for the business, as of late 2025 following the merger, are defined by the expanded footprint of the new holding company, Beacon Financial Corporation.

Physical branch network across Massachusetts, Rhode Island, and New York.

The combined franchise operates more than 145 branch offices throughout New England and New York as of September 1, 2025. This is a significant expansion from the legacy Brookline Bancorp, Inc. which operated 65 branches across Massachusetts, Rhode Island, and New York as of September 30, 2024. The operating divisions continue to serve clients through their respective offices-Brookline Bank, Bank Rhode Island, and PCSB Bank-as divisions of Beacon Bank & Trust until the systems conversion in 2026.

Digital channels: Online banking and mobile applications.

The legacy Brookline Bancorp, Inc. offered on-line banking services to its customers. Nationally, in 2025, a significant majority of consumers, 77 percent, prefer to manage their bank accounts through a mobile app or a computer. Approximately 208 million people in the United States actively use some form of digital banking in 2025. Furthermore, 39 percent of U.S. adults now rely exclusively on mobile banking, avoiding physical bank branches entirely.

Specialized lending offices for Eastern Funding and 44 Business Capital.

Equipment financing is provided through the Eastern Funding subsidiary. The direct small business lending division, 44 Business Capital, focuses on providing SBA Loans nationwide. This division has originated over $2 Billion in SBA 7(a) loans over the past 16 years.

ATM network offering fee-free withdrawals across all divisions.

The company provides an ATM network offering fee-free withdrawals across all divisions.

Direct sales force for commercial and consumer loan origination.

The company originates loans through its sales force structure. For the three months ending June 30, 2025, the legacy Brookline Bancorp managed to originate new loans totaling $445 million.

The following table summarizes key quantitative data related to the Channels as of late 2025, reflecting the combined entity where applicable, or the latest available legacy data.

Channel Component	Metric/Data Point	Value as of Late 2025 (or latest available)
Physical Branch Network (Combined)	Total Branch Offices	More than 145
Physical Branch Network (Legacy BRKL)	Branch Count (as of 9/30/2024)	65
Specialized Lending (44 Business Capital)	Total SBA 7(a) Loans Originated (Lifetime)	Over $2 Billion
Loan Origination (Legacy BRKL - Q2 2025)	New Loans Originated	$445 million
Digital Banking (US Market Context - 2025)	Consumers Preferring Digital Management (Mobile/Computer)	77 percent
Digital Banking (US Market Context - 2025)	Exclusive Mobile Banking Users	39 percent of U.S. adults

The operational structure includes the following divisions that utilize these channels:

• Brookline Bank
• Bank Rhode Island
• PCSB Bank
• Eastern Funding (Equipment Financing)
• 44 Business Capital (SBA Lending)

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Customer Segments

You're looking at the customer base of Brookline Bancorp, Inc. right before it became part of the new Beacon Financial Corporation on September 1, 2025. This snapshot from Q2 2025 shows a deliberate shift in focus, which is key to understanding their client mix as they entered the merger.

The core of the business was serving the Northeast, split between commercial entities and individual consumers in metropolitan and suburban areas. You saw the bank actively managing its loan book, intentionally contracting certain areas while growing others. For instance, the total loan portfolio shrank by $61 million in the second quarter of 2025, a clear signal of where management was pulling back risk.

Here's how the loan book looked just before the merger closed, which helps define the primary customer segments:

Loan Category (Customer Segment Proxy)	Percentage of Total Loans (Q2 2025)	Q2 2025 Dollar Change
Commercial Real Estate (CRE)	57%	Decreased by $95 million
Consumer Loans	16%	Grew by $27 million
Commercial Loans (SMBs)	14%	Grew by $53 million
Equipment Finance (Specialty)	13%	Decreased by $46 million

That table shows you the immediate priority: reducing the CRE concentration while growing the core commercial lending business. Honestly, that $95 million CRE reduction was the headline action for this segment.

For the Small-to-mid-sized businesses (SMBs) in the Northeast, the focus was on Commercial and Industrial (C&I) growth. While the overall loan portfolio contracted, commercial loans actually grew by $53 million in Q2 2025, showing where new business was being directed. This segment is served through commercial term loans and adjustable-rate lines of credit, often supported by business assets.

The Retail and consumer customers provided a stable funding base. Customer deposits increased by $59 million during the quarter, which is a healthy sign for a bank managing a balance sheet transition. While specific consumer loan figures are less detailed, consumer loans made up 16% of the portfolio, and the bank's market area is characterized by dense metropolitan and suburban populations.

Regarding Commercial Real Estate (CRE) investors, you saw a clear de-risking effort. The bank intentionally reduced its exposure, selling two commercial real estate loans and recognizing a charge of $3.5 million on those sales. Investment CRE specifically dropped by $110 million, even as owner-occupied CRE saw a small increase of $15 million. At the end of Q2 2025, the investment CRE exposure to total risk-based capital stood at 363%, which explains the aggressive reduction strategy.

Finally, the Specialty finance clients were served through dedicated channels. Equipment financing, which represented 13% of the loan portfolio pre-contraction, is handled by the Eastern Funding subsidiary. SBA lending is managed through the 44 Business Capital division. These specialized verticals are part of the broader commercial segment, though equipment finance saw a specific contraction of $46 million in the quarter.

For High-net-worth individuals, while specific 2025 AUM (Assets Under Management) for the pre-merger entity isn't explicitly detailed here, the structure that emerged in late 2025 points to this segment being served by the new entity's Clarendon Private division, indicating its continued importance post-integration.

Finance: draft the post-merger customer segment overlap analysis by Friday.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Cost Structure

You're looking at the cost side of Brookline Bancorp, Inc. (BRKL) as it integrates the Berkshire Hills Bancorp, Inc. merger, which closed on September 1, 2025. The cost structure is heavily influenced by personnel and the one-time costs associated with this significant transaction.

Employee compensation and benefits remains the largest component of the core operating expense base. For the full year 2024, this expense totaled $143.7 million. In Q2 2025, prior to the full merger impact, management noted a decrease of $0.7 million in compensation and employee benefits expense compared to Q1 2025, as the company managed staffing levels in preparation for the combination.

Management has set a clear internal benchmark for operational efficiency post-merger, aiming for total non-interest expense managed to $247 million or less for FY 2025, specifically excluding merger costs. For context, the total non-interest expense for the full year 2024 was $241.9 million.

The cost structure in late 2025 is heavily impacted by integration activities:

• Significant one-time merger and acquisition expenses were recorded in Q3 2025, totaling $51.9 million in Merger and restructuring expenses.
• The core, recurring non-interest expense (excluding merger charges) for Q2 2025 was $57.7 million.

Credit quality management is a direct cost driver through the Provision for Credit Losses (PCL). For the second quarter of 2025, Brookline Bancorp, Inc. recorded a PCL of $7.0 million, reflecting additional credit reserves provided for selected properties in the Boston office market.

Here's a look at some key expense categories, using the most recent absolute figures available before the full Q3 2025 combined reporting:

Expense Category	Period Ending June 30, 2025 (Q2 2025)	Period Ending June 30, 2024 (Q2 2024)
Non-Interest Expense (Excluding Merger Charges)	$57.7 million	N/A
Merger Expenses	$0.439 million	N/A
Equipment and Data Processing Costs	N/A	$7.032 million (Q2 2024)
Provision for Credit Losses (PCL)	$7.0 million	$5.6 million

Technology and data processing costs for digital platforms are a necessary investment, though the specific 2025 quarterly spend isn't explicitly detailed in the latest reports. We know that in Q2 2024, this expense line item was $7.032 million (or $7,032 thousand). Management is actively managing expenses, including staffing, in preparation for the merger, which suggests a focus on optimizing technology spend moving forward.

Brookline Bancorp, Inc. (BRKL) - Canvas Business Model: Revenue Streams

You're looking at how Brookline Bancorp, Inc. (BRKL) brings in the money, and right now, it's heavily weighted toward traditional banking activities, especially given the recent margin improvements. The biggest piece of the pie comes from Net Interest Income (NII), which is the difference between what the company earns on its assets, like loans and securities, and what it pays out on its liabilities, like deposits. For the second quarter of 2025, NII hit $88.7 million.

This NII is generated from the interest collected across its lending book. Even while strategically managing the balance sheet, you saw growth in certain areas that feed this stream. Specifically, commercial loans grew by $53 million and consumer loans grew by $27 million during Q2 2025, even as the company intentionally reduced its exposure in areas like equipment finance, which saw a $46 million decline.

Here's a quick look at the top-line revenue components for that quarter:

Revenue Component	Q2 2025 Amount
Total Revenue	$94.7 million
Net Interest Income (NII)	$88.7 million
Non-interest Income (Fee Income)	$6.0 million

The second major stream is Non-interest income, often called fee income, which comes from services rendered rather than lending spreads. For Q2 2025, this amounted to $6.0 million. This figure is derived from several service activities that keep the business running smoothly day-to-day.

These fee-based revenues are sourced from the following activities:

• Service charges on deposit accounts.
• Fees collected from wealth management services.
• Other miscellaneous service charges.

What this estimate hides is that the fee income component can be volatile; for instance, in Q2 2025, a dip in debit card income was noted, bringing the figure slightly lower than some projections. Still, management projected quarterly non-interest income to generally range between $5.5 million and $6.5 million for 2025.

Looking ahead, analyst consensus suggests that the full-year 2025 revenue for Brookline Bancorp, Inc. is projected to be approximately $513.51 million. This projection factors in the Q2 performance, where total revenue was up 10% year-over-year, and the anticipated closing of the merger with Berkshire Hills Bancorp in September 2025, which is expected to eventually enhance relationship capabilities.