Brookline Bancorp (BRKL), founded in 1871, provides banking services through branches located in the Greater Boston market. The bank has a commercial focus and thanks to rebounding real estate, is seeing loan growth and improving credit trends boost earnings.
The main catalyst supporting future growth includes:
1. Recovery in the Greater Boston market
2. Commercial real estate loan growth.
The bank operates Brookline Bank, First Ipswich Bank and Bank Rhode Island. Combined, the bank has $5.1 billion in assets and 44 full service offices. Its focus is on the commercial markets in this region.
"As a commercially-focused financial institution, the company, through its banks, offers a wide range of commercial, business and retail banking services, including a full...