# EDGAR Filing Document

**Accession Number:** 0001049782
**File Stem:** 0001171843-25-004642
**Filing Date:** 2025-7
**Character Count:** 98487
**Document Hash:** 24e9c472db1a3b521e5a1fc8a3b0ee8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-25-004642.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001171843-25-004642

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 42

**CONFORMED PERIOD OF REPORT**: 20250723

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BROOKLINE BANCORP INC
- **CENTRAL INDEX KEY:** 0001049782
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-23695
- **FILM NUMBER:** 251143179

**BUSINESS ADDRESS:**
- **STREET 1:** 131 CLARENDON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-425-4600

**MAIL ADDRESS:**
- **STREET 1:** 131 CLARENDON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

?xml version='1.0' encoding='ASCII'? Form 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

### Washington, D.C. 20549
_________________

### FORM 8-K
_________________

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): July 23, 2025
_______________________________

#### BROOKLINE BANCORP, INC.
(Exact name of registrant as specified in its charter)

_______________________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **0-23695** | **04-3402944** |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

#### 131 Clarendon Street

#### Boston, Massachusetts 02116
(Address of Principal Executive Offices) (Zip Code)

(617) 425-4600

(Registrant's telephone number, including area code)

#### Not applicable
(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value of $0.01 per share | BRKL | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02. Results of Operations and Financial Condition.**

On July 23, 2025, the Board of Directors of Brookline Bancorp, Inc. (the "Company") issued a press release announcing its earnings for the quarter ended June 30, 2025. Additionally, the Company announced the approval by its Board of Directors of a regular quarterly dividend of $0.135 per share payable on August 22, 2025 to stockholders of record on August 8, 2025. A copy of that press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference herein.

**Item 7.01. Regulation FD Disclosure.**

In connection with the press release announcing the Company's quarter earnings, the Company posted an investor presentation to its website at www.brooklinebancorp.com. A copy of the investor presentation is attached hereto as Exhibit 99.2 and is hereby incorporated by reference herein.

**Item 9.01. Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| [99.1](exh_991.htm) | [Press release of Brookline Bancorp, Inc. reporting earnings and dividend approval, issued July 23, 2025](exh_991.htm) |
| [99.2](exh_992.htm) | [Investor Presentation of Brookline Bancorp, Inc., issued July 23, 2025](exh_992.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **BROOKLINE BANCORP, INC.** | **BROOKLINE BANCORP, INC.** |
| Date: July 23, 2025 | By: | <u>/s/ Carl M. Carlson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  |  | Carl M. Carlson |
|  |  | Co-President, Chief Financial & Strategy Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**Brookline Bancorp Announces Second Quarter Results**

**Net Income of $22.0 million, EPS of $0.25**

**Quarterly Dividend of $0.135**

BOSTON, July 23, 2025 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the "Company") today announced net income of $22.0 million, or $0.25 per basic and diluted share, for the second quarter of 2025, compared to net income of $19.1 million, or $0.21 per basic and diluted share, for the first quarter of 2025, and $16.4 million, or $0.18 per basic and diluted share, for the second quarter of 2024. The Company reported operating earnings after tax (non-GAAP) of $22.4 million, or $0.25 per basic and diluted share, for the second quarter of 2025, compared to operating earnings after tax (non-GAAP) of $20.0 million, or $0.22 per basic and diluted share, for the first quarter of 2025, and $17.0 million, or $0.19 per basic and diluted share, for the second quarter of 2024.

Commenting on the second quarter's performance, Mr. Perrault stated, "We are pleased to report solid earnings for the second quarter of the year led by growth in our C&I portfolio and deposits. Our dedicated team of bankers continue to provide exceptional service to the communities we serve. As a result of these efforts, our net interest margin expanded again this quarter despite intentional contraction in our commercial real estate portfolio."

**BALANCE SHEET**

Total assets at June 30, 2025 were $11.6 billion, representing an increase of $48.9 million from $11.5 billion at March 31, 2025, primarily driven by an increase in cash and cash equivalents partially offset by a reduction of loans and leases. Total assets decreased $66.5 million from June 30, 2024.

At June 30, 2025, total loans and leases were $9.6 billion, representing a decrease of $60.3 million from March 31, 2025, and a decrease of $138.8 million from June 30, 2024.

Total investment securities at June 30, 2025 decreased $15.7 million to $866.7 million from $882.4 million at March 31, 2025, and increased $10.3 million from $856.4 million at June 30, 2024. Total cash and cash equivalents at June 30, 2025 increased $149.2 million to $506.7 million from $357.5 million at March 31, 2025, and increased $163.6 million from $343.1 million at June 30, 2024. As of June 30, 2025, total investment securities and total cash and cash equivalents represented 11.9 percent of total assets, compared to 10.8 percent and 10.3 percent as of March 31, 2025 and June 30, 2024, respectively.

Total deposits at June 30, 2025 increased $49.8 million to $9.0 billion from March 31, 2025, primarily driven by an increase of $58.3 million in customer deposits partially offset by a decline of $8.5 million in brokered deposits. Total deposits increased $224.2 million from $8.7 billion at June 30, 2024, primarily driven by an increase of $391.2 million in customer deposits partially offset by a decline of $167.0 million in brokered deposits.

Total borrowed funds at June 30, 2025 remained flat at $1.2 billion compared to March 31, 2025, and decreased $274.4 million from $1.4 billion at June 30, 2024.

The ratio of stockholders' equity to total assets was 10.84 percent at June 30, 2025, as compared to 10.77 percent at March 31, 2025, and 10.30 percent at June 30, 2024. The ratio of tangible stockholders' equity to tangible assets (non-GAAP) was 8.82 percent at June 30, 2025, as compared to 8.73 percent at March 31, 2025, and 8.23 percent at June 30, 2024. Tangible book value per common share (non-GAAP) increased $0.17 from $11.03 at March 31, 2025 to $11.20 at June 30, 2025, and increased $0.67 from $10.53 at June 30, 2024.

**NET INTEREST INCOME**

Net interest income increased $2.9 million to $88.7 million during the second quarter of 2025 from $85.8 million for the quarter ended March 31, 2025. The net interest margin increased 10 basis points to 3.32 percent for the three months ended June 30, 2025 from 3.22 percent for the three months ended March 31, 2025, primarily driven by lower funding costs and higher yields on loans and leases.

**NON-INTEREST INCOME** 

Total non-interest income for the quarter ended June 30, 2025 increased $0.3 million to $6.0 million from $5.7 million for the quarter ended March 31, 2025. The increase was primarily driven by an increase of $0.2 million in gain on sales of loans and leases.

**PROVISION FOR CREDIT LOSSES**

The Company recorded a provision for credit losses of $7.0 million for the quarter ended June 30, 2025, compared to $6.0 million for the quarter ended March 31, 2025. The increase in provision was driven by a combination of continued stress in the Boston office sector as well as additional specific reserves on two large Eastern Funding credits.

Total net charge-offs for the second quarter of 2025 were $5.1 million, compared to $7.6 million in the first quarter of 2025. The $5.1 million in net charge-offs was driven by two commercial real estate loans that were sold during the quarter resulting in a combined $3.5 million in net charge-offs. The ratio of net loan and lease charge-offs to average loans and leases on an annualized basis decreased to 21 basis points for the second quarter of 2025 from 31 basis points for the first quarter of 2025.

The allowance for loan and lease losses represented 1.32 percent of total loans and leases at June 30, 2025, compared to 1.29 percent at March 31, 2025, and 1.25 percent at June 30, 2024.

**ASSET QUALITY**

The ratio of nonperforming loans and leases to total loans and leases was 0.65 percent at June 30, 2025, flat compared to March 31, 2025. Total nonaccrual loans and leases decreased $0.8 million to $62.3 million at June 30, 2025 from $63.1 million at March 31, 2025, driven by the sale of two commercial real estate loans. The ratio of nonperforming assets to total assets was 0.55 percent at June 30, 2025, a decrease from 0.56 percent at March 31, 2025. Total nonperforming assets decreased $0.4 million to $63.6 million at June 30, 2025 from $64.0 million at March 31, 2025.

**NON-INTEREST EXPENSE**

Non-interest expense for the quarter ended June 30, 2025 decreased $1.9 million to $58.1 million from $60.0 million for the quarter ended March 31, 2025. The decrease was primarily driven by decreases of $0.7 million in compensation and employee benefits expense, $0.5 million in merger and acquisition expense related to the previously announced proposed merger of the Company with Berkshire Hills Bancorp, Inc. ("Berkshire"), and $0.4 million in occupancy expense, partially offset by an increase of $0.5 million in advertising and marketing expense.

**PROVISION FOR INCOME TAXES**

The effective tax rate was 25.6 percent and 25.3 percent for the three and six months ended June 30, 2025 compared to 25.0 percent for the three months ended March 31, 2025 and 24.4 percent and 24.5 percent for the three and six months ended June 30, 2024.

**RETURNS ON AVERAGE ASSETS AND AVERAGE EQUITY**

The annualized return on average assets increased to 0.77 percent during the second quarter 2025 from 0.66 percent for the first quarter of 2025.

The annualized return on average stockholders' equity increased to 7.04 percent during the second quarter of 2025 from 6.19 percent for the first quarter of 2025. The annualized return on average tangible stockholders' equity (non-GAAP) increased to 8.85 percent for the second quarter of 2025 from 7.82 percent for the first quarter of 2025.

**DIVIDEND DECLARED**

The Company's Board of Directors approved a dividend of $0.135 per share for the quarter ended June 30, 2025. The dividend will be paid on August 22, 2025 to stockholders of record on August 8, 2025.

**CONFERENCE CALL**

The Company will conduct a conference call/webcast at 1:30 PM Eastern Time on Thursday, July 24, 2025 to discuss the results for the quarter, business highlights and outlook. A copy of the Earnings Presentation is available on the Company's website, <u>www.brooklinebancorp.com</u>. To listen to the call and view the Company's Earnings Presentation, please join the call via <u>https://events.q4inc.com/attendee/149362707</u>. To listen to the call without access to the slides, interested parties may dial 833-470-1428 (United States) or 404-975-4839 (internationally) and ask for the Brookline Bancorp, Inc. conference call (Access Code 673409). A recorded playback of the call will be available for one week following the call on the Company's website under "Investor Relations" or by dialing 866-813-9403 (United States) or 929-458-6194 (internationally) and entering the passcode: 916742.

**ABOUT BROOKLINE BANCORP, INC.**

Brookline Bancorp, Inc., a bank holding company with $11.6 billion in assets and branch locations in Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank, Bank Rhode Island, and PCSB Bank (the "banks"). The Company provides commercial and retail banking services, cash management and investment services to customers throughout Central New England and the Lower Hudson Valley of New York State. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: <u>www.brooklinebank.com</u>, <u>www.bankri.com</u> and <u>www.pcsb.com</u>.

**FORWARD-LOOKING STATEMENTS**

Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward looking statements by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company's business, credit quality, financial condition, liquidity and results of operations. Forward-looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company's control. These include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of the Company or Berkshire to terminate the merger agreement; the outcome of any legal proceedings that may be instituted against Berkshire or Company; delays in completing the proposed transaction with Berkshire; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction), or to satisfy any of the other conditions to the proposed transaction on a timely basis or at all, including the ability of Berkshire and the Company to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the impact of certain restrictions during the pendency of the proposed transaction on the parties' ability to pursue certain business opportunities and strategic transactions; diversion of management's attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the proposed transaction; changes in interest rates; general economic conditions (including the impact of actual or threatened tariffs imposed by the U.S. and foreign governments, inflation, and concerns about liquidity) on a national basis or in the local markets in which the Company operates; ongoing turbulence in the capital and debt markets; competitive pressures from other financial institutions; changes in consumer behavior due to changing political, business and economic conditions, or legislative or regulatory initiatives; changes in the value of securities and other assets in the Company's investment portfolio; increases in loan and lease default and charge-off rates; the adequacy of allowances for loan and lease losses; decreases in deposit levels that necessitate increases in borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, and future pandemics; changes in regulation; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions and adverse economic developments; the risk that goodwill and intangibles recorded in the Company's financial statements will become impaired; and changes in assumptions used in making such forward-looking statements. Forward-looking statements involve risks and uncertainties which are difficult to predict. The Company's actual results could differ materially from those projected in the forward-looking statements as a result of, among others, the risks outlined in the Company's Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

**BASIS OF PRESENTATION**

The Company's consolidated financial statements have been prepared in conformity with generally accepted accounting principles ("GAAP") as set forth by the Financial Accounting Standards Board in its Accounting Standards Codification and through the rules and interpretive releases of the SEC under the authority of federal securities laws. Certain amounts previously reported have been reclassified to conform to the current period's presentation.

**NON-GAAP FINANCIAL MEASURES**

The Company uses certain non-GAAP financial measures, such as operating earnings after tax, operating earnings per common share, operating return on average assets, operating return on average tangible assets, operating return on average stockholders' equity, operating return on average tangible stockholders' equity, tangible book value per common share, tangible stockholders' equity to tangible assets, return on average tangible assets (annualized) and return on average tangible stockholders' equity (annualized). These non-GAAP financial measures provide information for investors to effectively analyze financial trends of ongoing business activities, and to enhance comparability with peers across the financial services sector. A detailed reconciliation table of the Company's GAAP to the non-GAAP measures is attached.

**INVESTOR RELATIONS:**

---

| | |
|:---|:---|
| Contact: | Carl M. Carlson |
|  | Brookline Bancorp, Inc. |
|  | Co-President and Chief Financial and Strategy Officer |
|  | (617) 425-5331 |
|  | carl.carlson@brkl.com |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC AND SUBSIDIARIES** |
| **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** |
|  | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** |
|  | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** | **September 30,**<br>**2024** | **June 30,**<br>**2024** |
|  | (Dollars in Thousands Except per Share Data) | (Dollars in Thousands Except per Share Data) | (Dollars in Thousands Except per Share Data) | (Dollars in Thousands Except per Share Data) | (Dollars in Thousands Except per Share Data) |
| **Earnings Data:** |  |  |  |  |  |
| &nbsp;&nbsp;Net interest income | $88685 | $85830 | $84988 | $83008 | $80001 |
| &nbsp;&nbsp;Provision for credit losses on loans | 6997 | 5974 | 4141 | 4832 | 5607 |
| &nbsp;&nbsp;Provision (recovery) of credit losses on investments | 3 | 12 | (104) | (172) | (39) |
| &nbsp;&nbsp;Non-interest income | 5970 | 5660 | 6587 | 6348 | 6396 |
| &nbsp;&nbsp;Non-interest expense | 58061 | 60022 | 63719 | 57948 | 59184 |
| &nbsp;&nbsp;Income before provision for income taxes | 29594 | 25482 | 23819 | 26748 | 21645 |
| &nbsp;&nbsp;Net income | 22026 | 19100 | 17536 | 20142 | 16372 |
| **Performance Ratios:** |  |  |  |  |  |
| &nbsp;&nbsp;Net interest margin (1) | 3.32% | 3.22% | 3.12% | 3.07% | 3.00% |
| &nbsp;&nbsp;Interest-rate spread (1) | 2.57% | 2.38% | 2.35% | 2.26% | 2.14% |
| &nbsp;&nbsp;Return on average assets (annualized) | 0.77% | 0.66% | 0.61% | 0.70% | 0.57% |
| &nbsp;&nbsp;Return on average tangible assets (annualized) (non-GAAP) | 0.79% | 0.68% | 0.62% | 0.72% | 0.59% |
| &nbsp;&nbsp;Return on average stockholders' equity (annualized) | 7.04% | 6.19% | 5.69% | 6.63% | 5.49% |
| &nbsp;&nbsp;Return on average tangible stockholders' equity (annualized) (non-GAAP) | 8.85% | 7.82% | 7.21% | 8.44% | 7.04% |
| &nbsp;&nbsp;Efficiency ratio (2) | 61.34% | 65.60% | 69.58% | 64.85% | 68.50% |
| **Per Common Share Data:** |  |  |  |  |  |
| &nbsp;&nbsp;Net income — Basic | $0.25 | $0.21 | $0.20 | $0.23 | $0.18 |
| &nbsp;&nbsp;Net income — Diluted | 0.25 | 0.21 | 0.20 | 0.23 | 0.18 |
| &nbsp;&nbsp;Cash dividends declared | 0.135 | 0.135 | 0.135 | 0.135 | 0.135 |
| &nbsp;&nbsp;Book value per share (end of period) | 14.08 | 13.92 | 13.71 | 13.81 | 13.48 |
| &nbsp;&nbsp;Tangible book value per share (end of period) (non-GAAP) | 11.20 | 11.03 | 10.81 | 10.89 | 10.53 |
| &nbsp;&nbsp;Stock price (end of period) | 10.55 | 10.90 | 11.80 | 10.09 | 8.35 |
| **Balance Sheet:** |  |  |  |  |  |
| &nbsp;&nbsp;Total assets | $11568745 | $11519869 | $11905326 | $11676721 | $11635292 |
| &nbsp;&nbsp;Total loans and leases | 9582374 | 9642722 | 9779288 | 9755236 | 9721137 |
| &nbsp;&nbsp;Total deposits | 8961202 | 8911452 | 8901644 | 8732271 | 8737036 |
| &nbsp;&nbsp;Total stockholders' equity | 1254171 | 1240182 | 1221939 | 1230362 | 1198480 |
| **Asset Quality:** |  |  |  |  |  |
| &nbsp;&nbsp;Nonperforming assets | $63596 | $64021 | $70452 | $72821 | $62683 |
| &nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.55% | 0.56% | 0.59% | 0.62% | 0.54% |
| &nbsp;&nbsp;Allowance for loan and lease losses | $126725 | $124145 | $125083 | $127316 | $121750 |
| &nbsp;&nbsp;Allowance for loan and lease losses as a percentage of total loans and leases | 1.32% | 1.29% | 1.28% | 1.31% | 1.25% |
| &nbsp;&nbsp;Net loan and lease charge-offs | $5127 | $7597 | $7252 | $3808 | $8387 |
| &nbsp;&nbsp;Net loan and lease charge-offs as a percentage of average loans and leases (annualized) | 0.21% | 0.31% | 0.30% | 0.16% | 0.35% |
| **Capital Ratios:** |  |  |  |  |  |
| &nbsp;&nbsp;Stockholders' equity to total assets | 10.84% | 10.77% | 10.26% | 10.54% | 10.30% |
| &nbsp;&nbsp;Tangible stockholders' equity to tangible assets (non-GAAP) | 8.82% | 8.73% | 8.27% | 8.50% | 8.23% |
| &nbsp;&nbsp;(1) Calculated on a fully tax-equivalent basis. |  |  |  |  |  |
| &nbsp;&nbsp;(2) Calculated as non-interest expense as a percentage of net interest income plus non-interest income. |  |  |  |  |  |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** |
|  | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** | **September 30,**<br>**2024** | **June 30,**<br>**2024** |
| ***ASSETS*** | (In Thousands Except Share Data) | (In Thousands Except Share Data) | (In Thousands Except Share Data) | (In Thousands Except Share Data) | (In Thousands Except Share Data) |
| Cash and due from banks | $87386 | $78741 | $64673 | $82168 | $60067 |
| Short-term investments | 419362 | 278805 | 478997 | 325721 | 283017 |
| &nbsp;&nbsp;Total cash and cash equivalents | 506748 | 357546 | 543670 | 407889 | 343084 |
| Investment securities available-for-sale | 866684 | 882353 | 895034 | 855391 | 856439 |
| &nbsp;&nbsp;Total investment securities | 866684 | 882353 | 895034 | 855391 | 856439 |
| Allowance for investment security losses | (97) | (94) | (82) | (186) | (359) |
| &nbsp;&nbsp;Net investment securities | 866587 | 882259 | 894952 | 855205 | 856080 |
| Loans and leases: |  |  |  |  |  |
| &nbsp;&nbsp;Commercial real estate loans | 5485546 | 5580982 | 5716114 | 5779290 | 5782111 |
| &nbsp;&nbsp;Commercial loans and leases | 2520347 | 2512912 | 2506664 | 2453038 | 2443530 |
| &nbsp;&nbsp;Consumer loans | 1576481 | 1548828 | 1556510 | 1522908 | 1495496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 9582374 | 9642722 | 9779288 | 9755236 | 9721137 |
| Allowance for loan and lease losses | (126725) | (124145) | (125083) | (127316) | (121750) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans and leases | 9455649 | 9518577 | 9654205 | 9627920 | 9599387 |
| Restricted equity securities | 66481 | 67537 | 83155 | 82675 | 78963 |
| Premises and equipment, net of accumulated depreciation | 83963 | 84439 | 86781 | 86925 | 88378 |
| Right-of-use asset operating leases | 42415 | 44144 | 43527 | 41934 | 35691 |
| Deferred tax asset | 52325 | 52176 | 56620 | 50827 | 60032 |
| Goodwill | 241222 | 241222 | 241222 | 241222 | 241222 |
| Identified intangible assets, net of accumulated amortization | 14600 | 16030 | 17461 | 19162 | 20830 |
| Other real estate owned and repossessed assets | 1288 | 917 | 1103 | 1579 | 1974 |
| Other assets | 237467 | 255022 | 282630 | 261383 | 309651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $11568745 | $11519869 | $11905326 | $11676721 | $11635292 |
| ***LIABILITIES AND STOCKHOLDERS' EQUITY*** |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;Demand checking accounts | $1726933 | $1664629 | $1692394 | $1681858 | $1638378 |
| &nbsp;&nbsp;NOW accounts | 650707 | 625492 | 617246 | 637374 | 647370 |
| &nbsp;&nbsp;Savings accounts | 1795761 | 1793852 | 1721247 | 1736989 | 1735857 |
| &nbsp;&nbsp;Money market accounts | 2153709 | 2183855 | 2116360 | 2041185 | 2073557 |
| &nbsp;&nbsp;Certificate of deposit accounts | 1877661 | 1878665 | 1885444 | 1819353 | 1718414 |
| &nbsp;&nbsp;Brokered deposit accounts | 756431 | 764959 | 868953 | 815512 | 923460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 8961202 | 8911452 | 8901644 | 8732271 | 8737036 |
| Borrowed funds: |  |  |  |  |  |
| &nbsp;&nbsp;Advances from the FHLB | 934669 | 957848 | 1355926 | 1345003 | 1265079 |
| &nbsp;&nbsp;Subordinated debentures and notes | 84397 | 84362 | 84328 | 84293 | 84258 |
| &nbsp;&nbsp;Other borrowed funds | 135985 | 113617 | 79592 | 68251 | 80125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowed funds | 1155051 | 1155827 | 1519846 | 1497547 | 1429462 |
| Operating lease liabilities | 43528 | 45330 | 44785 | 43266 | 37102 |
| Mortgagors' escrow accounts | 15289 | 15264 | 15875 | 14456 | 17117 |
| Reserve for unfunded credits | 4586 | 5296 | 5981 | 6859 | 11400 |
| Accrued expenses and other liabilities | 134918 | 146518 | 195256 | 151960 | 204695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 10314574 | 10279687 | 10683387 | 10446359 | 10436812 |
| Stockholders' equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.01 par value; 200,000,000 shares authorized; 96,998,075 shares issued, 96,998,075 shares issued, 96,998,075 shares issued, 96,998,075 shares issued, and 96,998,075 shares issued, respectively | 970 | 970 | 970 | 970 | 970 |
| &nbsp;&nbsp;Additional paid-in capital | 904697 | 903696 | 902584 | 901562 | 904775 |
| &nbsp;&nbsp;Retained earnings | 475781 | 465898 | 458943 | 453555 | 445560 |
| &nbsp;&nbsp;Accumulated other comprehensive income | (39378) | (42498**)** | (52882) | (38081) | (61693) |
| &nbsp;&nbsp;Treasury stock, at cost; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,039,136, 7,037,610, 7,019,384, 7,015,843, and 7,373,009 shares, respectively | (87899) | (87884) | (87676) | (87644) | (91132) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 1254171 | 1240182 | 1221939 | 1230362 | 1198480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $11568745 | $11519869 | $11905326 | $11676721 | $11635292 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** | **September 30,**<br>**2024** | **June 30,**<br>**2024** |
|  | (In Thousands Except Share Data) | (In Thousands Except Share Data) | (In Thousands Except Share Data) | (In Thousands Except Share Data) | (In Thousands Except Share Data) |
| Interest and dividend income: |  |  |  |  |  |
| &nbsp;&nbsp;Loans and leases | $143933 | $143309 | $147436 | $149643 | $145585 |
| &nbsp;&nbsp;Debt securities | 6691 | 6765 | 6421 | 6473 | 6480 |
| &nbsp;&nbsp;Restricted equity securities | 1062 | 1203 | 1460 | 1458 | 1376 |
| &nbsp;&nbsp;Short-term investments | 2386 | 2451 | 2830 | 1986 | 1914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 154072 | 153728 | 158147 | 159560 | 155355 |
| Interest expense: |  |  |  |  |  |
| &nbsp;&nbsp;Deposits | 52682 | 53478 | 56562 | 59796 | 59721 |
| &nbsp;&nbsp;Borrowed funds | 12705 | 14420 | 16597 | 16756 | 15633 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 65387 | 67898 | 73159 | 76552 | 75354 |
| Net interest income | 88685 | 85830 | 84988 | 83008 | 80001 |
| Provision for credit losses on loans | 6997 | 5974 | 4141 | 4832 | 5607 |
| Provision (recovery) of credit losses on investments | 3 | 12 | (104) | (172) | (39) |
| &nbsp;&nbsp;Net interest income after provision for credit losses | 81685 | 79844 | 80951 | 78348 | 74433 |
| Non-interest income: |  |  |  |  |  |
| &nbsp;&nbsp;Deposit fees | 2472 | 2361 | 2297 | 2353 | 3001 |
| &nbsp;&nbsp;Loan fees | 472 | 393 | 439 | 464 | 702 |
| &nbsp;&nbsp;Loan level derivative income (loss) | (4) | 70 | 1115 |  | 106 |
| &nbsp;&nbsp;Gain on sales of loans and leases held-for-sale | 264 | 24 | 406 | 415 | 130 |
| &nbsp;&nbsp;Other | 2766 | 2812 | 2330 | 3116 | 2457 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 5970 | 5660 | 6587 | 6348 | 6396 |
| Non-interest expense: |  |  |  |  |  |
| &nbsp;&nbsp;Compensation and employee benefits | 35147 | 35853 | 37202 | 35130 | 34762 |
| &nbsp;&nbsp;Occupancy | 5349 | 5721 | 5393 | 5343 | 5551 |
| &nbsp;&nbsp;Equipment and data processing | 6841 | 7012 | 6780 | 6831 | 6732 |
| &nbsp;&nbsp;Professional services | 1471 | 1726 | 1345 | 2143 | 1745 |
| &nbsp;&nbsp;FDIC insurance | 1880 | 2037 | 2017 | 2118 | 2025 |
| &nbsp;&nbsp;Advertising and marketing | 1371 | 868 | 1303 | 859 | 1504 |
| &nbsp;&nbsp;Amortization of identified intangible assets | 1431 | 1430 | 1701 | 1668 | 1669 |
| &nbsp;&nbsp;Merger and restructuring expense | 439 | 971 | 3378 |  | 823 |
| &nbsp;&nbsp;Other | 4132 | 4404 | 4600 | 3856 | 4373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 58061 | 60022 | 63719 | 57948 | 59184 |
| Income before provision for income taxes | 29594 | 25482 | 23819 | 26748 | 21645 |
| Provision for income taxes | 7568 | 6382 | 6283 | 6606 | 5273 |
| &nbsp;&nbsp;Net income | $22026 | $19100 | $17536 | $20142 | $16372 |
| Earnings per common share: |  |  |  |  |  |
| &nbsp;&nbsp;Basic | $0.25 | $0.21 | $0.20 | $0.23 | $0.18 |
| &nbsp;&nbsp;Diluted | $0.25 | $0.21 | $0.20 | $0.23 | $0.18 |
| Weighted average common shares outstanding during the period: | Weighted average common shares outstanding during the period: |  |  |  |  |
| &nbsp;&nbsp;Basic | 89104605 | 89103510 | 89098443 | 89033463 | 88904692 |
| &nbsp;&nbsp;Diluted | 89612781 | 89567747 | 89483964 | 89319611 | 89222315 |
| Dividends paid per common share | $0.135 | $0.135 | $0.135 | $0.135 | $0.135 |

---

---

| | | |
|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** | **Consolidated Statements of Income (Unaudited)** |
|  | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** |
|  | (In Thousands Except Share Data) | (In Thousands Except Share Data) |
| Interest and dividend income: |  |  |
| &nbsp;&nbsp;Loans and leases | $287242 | $290850 |
| &nbsp;&nbsp;Debt securities | 13456 | 13358 |
| &nbsp;&nbsp;Restricted equity securities | 2265 | 2868 |
| &nbsp;&nbsp;Short-term investments | 4837 | 3738 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 307800 | 310814 |
| Interest expense: |  |  |
| &nbsp;&nbsp;Deposits | 106160 | 116605 |
| &nbsp;&nbsp;Borrowed funds | 27125 | 32620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 133285 | 149225 |
| Net interest income | 174515 | 161589 |
| Provision for credit losses on loans | 12971 | 13030 |
| Provision (credit) for credit losses on investments | 15 | (83) |
| &nbsp;&nbsp;Net interest income after provision for credit losses | 161529 | 148642 |
| Non-interest income: |  |  |
| &nbsp;&nbsp;Deposit Fees | 4833 | 5898 |
| &nbsp;&nbsp;Loan Fees | 865 | 1491 |
| &nbsp;&nbsp;Loan level derivative income, net | 66 | 543 |
| &nbsp;&nbsp;Gain on sales of loans and leases held-for-sale | 288 | 130 |
| &nbsp;&nbsp;Other | 5578 | 4618 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 11630 | 12680 |
| Non-interest expense: |  |  |
| &nbsp;&nbsp;Compensation and employee benefits | 71000 | 71391 |
| &nbsp;&nbsp;Occupancy | 11070 | 11320 |
| &nbsp;&nbsp;Equipment and data processing | 13853 | 13763 |
| &nbsp;&nbsp;Professional services | 3197 | 3645 |
| &nbsp;&nbsp;FDIC insurance | 3917 | 3909 |
| &nbsp;&nbsp;Advertising and marketing | 2239 | 3078 |
| &nbsp;&nbsp;Amortization of identified intangible assets | 2861 | 3377 |
| &nbsp;&nbsp;Merger and restructuring expense | 1410 | 823 |
| &nbsp;&nbsp;Other | 8536 | 8892 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 118083 | 120198 |
| Income before provision for income taxes | 55076 | 41124 |
| Provision for income taxes | 13950 | 10087 |
| &nbsp;&nbsp;Net income | $41126 | $31037 |
| Earnings per common share: |  |  |
| &nbsp;&nbsp;Basic | $0.46 | $0.35 |
| &nbsp;&nbsp;Diluted | $0.46 | $0.35 |
| Weighted average common shares outstanding during the period: | Weighted average common shares outstanding during the period: |  |
| &nbsp;&nbsp;Basic | 89104060 | 88899635 |
| &nbsp;&nbsp;Diluted | 89590267 | 89201912 |
| Dividends paid per common share | $0.270 | $0.270 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Asset Quality Analysis (Unaudited)** | **Asset Quality Analysis (Unaudited)** | **Asset Quality Analysis (Unaudited)** | **Asset Quality Analysis (Unaudited)** | **Asset Quality Analysis (Unaudited)** | **Asset Quality Analysis (Unaudited)** |
|  | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** |
|  | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** | **September 30,**<br>**2024** | **June 30,**<br>**2024** |
|  | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) |
| **NONPERFORMING ASSETS:** |  |  |  |  |  |
| Loans and leases accounted for on a nonaccrual basis: |  |  |  |  |  |
| &nbsp;&nbsp;Commercial real estate mortgage | $987 | $10842 | $11525 | $11595 | $11659 |
| &nbsp;&nbsp;Multi-family mortgage | 1433 | 6576 | 6596 | 1751 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate loans | 2420 | 17418 | 18121 | 13346 | 11659 |
| &nbsp;&nbsp;Commercial | 8687 | 7415 | 14676 | 15734 | 16636 |
| &nbsp;&nbsp;Equipment financing | 46067 | 32975 | 31509 | 37223 | 27128 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans and leases | 54754 | 40390 | 46185 | 52957 | 43764 |
| &nbsp;&nbsp;Residential mortgage | 3572 | 3962 | 3999 | 3862 | 4495 |
| &nbsp;&nbsp;Home equity | 1561 | 1333 | 1043 | 1076 | 790 |
| &nbsp;&nbsp;Other consumer | 1 | 1 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total consumer loans | 5134 | 5296 | 5043 | 4939 | 5286 |
| &nbsp;&nbsp;Total nonaccrual loans and leases | 62308 | 63104 | 69349 | 71242 | 60709 |
| Other real estate owned | 700 | 700 | 700 | 780 | 780 |
| Other repossessed assets | 588 | 217 | 403 | 799 | 1194 |
| &nbsp;&nbsp;Total nonperforming assets | $63596 | $64021 | $70452 | $72821 | $62683 |
| Loans and leases past due greater than 90 days and still accruing | $24899 | $3009 | $811 | $16091 | $4994 |
| Nonperforming loans and leases as a percentage of total loans and leases | 0.65% | 0.65% | 0.71% | 0.73% | 0.62% |
| Nonperforming assets as a percentage of total assets | 0.55% | 0.56% | 0.59% | 0.62% | 0.54% |
| **PROVISION AND ALLOWANCE FOR LOAN AND LEASE LOSSES:** | **PROVISION AND ALLOWANCE FOR LOAN AND LEASE LOSSES:** | **PROVISION AND ALLOWANCE FOR LOAN AND LEASE LOSSES:** |  |  |  |
| Allowance for loan and lease losses at beginning of period | $124145 | $125083 | $127316 | $121750 | $120124 |
| &nbsp;&nbsp;Charge-offs | (5601) | (9073) | (8414) | (4183) | (8823) |
| &nbsp;&nbsp;Recoveries | 474 | 1476 | 1162 | 375 | 436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net charge-offs | (5127) | (7597) | (7252) | (3808) | (8387) |
| &nbsp;&nbsp;Provision for loan and lease losses excluding unfunded commitments \* | 7707 | 6659 | 5019 | 9374 | 10013 |
| &nbsp;&nbsp;Allowance for loan and lease losses at end of period | $126725 | $124145 | $125083 | $127316 | $121750 |
| Allowance for loan and lease losses as a percentage of total loans and leases | 1.32% | 1.29% | 1.28% | 1.31% | 1.25% |
| **NET CHARGE-OFFS:** |  |  |  |  |  |
| Commercial real estate loans | $3524 | $— | $— | $— | $3819 |
| Commercial loans and leases | 1640 | 7647 | 7257 | 3797 | 4571 |
| Consumer loans | (37) | (50) | (5) | 11 | (3) |
| &nbsp;&nbsp;Total net charge-offs | $5127 | $7597 | $7252 | $3808 | $8387 |
| Net loan and lease charge-offs as a percentage of average loans and leases (annualized) | 0.21% | 0.31% | 0.30% | 0.16% | 0.35% |
| \*Provision for loan and lease losses does not include (credit) provision of $(0.7 million), $(0.7 million), $(0.9 million), $(4.5 million), and $(4.4 million) for credit losses on unfunded commitments during the three months ended June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024, and June 30, 2024, respectively. |  |  |  |  |  |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,<br>2025** | **June 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **March 31,<br>2025** | **March 31,<br>2025** | **June 30,<br>2024** | **June 30,<br>2024** | **June 30,<br>2024** |
|  | **Average Balance** | **Interest (1)** | **Average Yield/ Cost** | **Average Balance** | **Interest (1)** | **Average Yield/ Cost** | **Average Balance** | **Interest (1)** | **Average Yield/ Cost** |
|  | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) |
| **Assets:** |  |  |  |  |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Investments: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt securities (2) | $874212 | $6752 | 3.09% | $888913 | $6814 | 3.07% | $846469 | $6510 | 3.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted equity securities (2) | 65724 | 1062 | 6.46% | 69784 | 1204 | 6.90% | 71696 | 1375 | 7.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | 215982 | 2386 | 4.42% | 202953 | 2451 | 4.83% | 143800 | 1914 | 5.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments | 1155918 | 10200 | 3.53% | 1161650 | 10469 | 3.60% | 1061965 | 9799 | 3.69% |
| &nbsp;&nbsp;Loans and Leases: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate loans (3) | 5533208 | 77136 | 5.51% | 5651390 | 77243 | 5.47% | 5754901 | 81565 | 5.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial loans (3) | 1286908 | 20757 | 6.38% | 1237078 | 19698 | 6.37% | 1069154 | 17672 | 6.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;Equipment financing (3) | 1240128 | 25069 | 8.09% | 1281425 | 25965 | 8.11% | 1374217 | 26255 | 7.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer loans (3) | 1556254 | 21437 | 5.51% | 1548973 | 20861 | 5.41% | 1488587 | 20291 | 5.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 9616498 | 144399 | 6.01% | 9718866 | 143767 | 5.92% | 9686859 | 145783 | 6.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 10772416 | 154599 | 5.74% | 10880516 | 154236 | 5.67% | 10748824 | 155582 | 5.79% |
| Non-interest-earning assets | 630518 |  |  | 662814 |  |  | 704570 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $11402934 |  |  | $11543330 |  |  | $11453394 |  |  |
| **Liabilities and Stockholders' Equity:** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW accounts | $637786 | 1034 | 0.65% | $628346 | 1005 | 0.65% | $659351 | 1111 | 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings accounts | 1780838 | 10692 | 2.41% | 1743688 | 10173 | 2.37% | 1731388 | 11874 | 2.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market accounts | 2189373 | 13990 | 2.56% | 2187581 | 13587 | 2.52% | 2026780 | 15520 | 3.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit | 1879749 | 18437 | 3.93% | 1886386 | 19593 | 4.21% | 1699510 | 18717 | 4.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered deposit accounts | 748205 | 8529 | 4.57% | 767275 | 9120 | 4.82% | 958146 | 12499 | 5.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 7235951 | 52682 | 2.92% | 7213276 | 53478 | 3.01% | 7075175 | 59721 | 3.39% |
| &nbsp;&nbsp;Borrowings |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Advances from the FHLB | 904399 | 10422 | 4.56% | 1007508 | 11847 | 4.70% | 1049609 | 12894 | 4.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debentures and notes | 84380 | 1718 | 8.14% | 84345 | 1701 | 8.07% | 84241 | 1375 | 6.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowed funds | 46086 | 565 | 4.93% | 71462 | 872 | 4.95% | 103753 | 1364 | 5.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1034865 | 12705 | 4.86% | 1163315 | 14420 | 4.96% | 1237603 | 15633 | 5.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 8270816 | 65387 | 3.17% | 8376591 | 67898 | 3.29% | 8312778 | 75354 | 3.65% |
| Non-interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Demand checking accounts | 1654594 |  |  | 1680527 |  |  | 1646869 |  |  |
| &nbsp;&nbsp;Other non-interest-bearing liabilities | 225469 |  |  | 251011 |  |  | 300362 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 10150879 |  |  | 10308129 |  |  | 10260009 |  |  |
| Stockholders' equity | 1252055 |  |  | 1235201 |  |  | 1193385 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $11402934 |  |  | $11543330 |  |  | $11453394 |  |  |
| Net interest income (tax-equivalent basis) /Interest-rate spread (4) |  | 89212 | 2.57% |  | 86338 | 2.38% |  | 80228 | 2.14% |
| Less adjustment of tax-exempt income |  | 527 |  |  | 508 |  |  | 227 |  |
| Net interest income |  | $88685 |  |  | $85830 |  |  | $80001 |  |
| Net interest margin (5) |  |  | 3.32% |  |  | 3.22% |  |  | 3.00% |
| (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. |
| (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. |
| (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. |
| (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. |
| (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** | **Average Yields / Costs (Unaudited)** |
|  | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
|  | **Average<br>Balance** | **Interest (1)** | **Average Yield/<br>Cost** | **Average<br>Balance** | **Interest (1)** | **Average Yield/<br>Cost** |
|  | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) |
| **Assets:** |  |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;Investments: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt securities (2) | $881522 | $13566 | 3.08% | $869848 | $13437 | 3.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted equity securities (2) | 67743 | 2266 | 6.69% | 74015 | 2868 | 7.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | 209503 | 4837 | 4.62% | 137284 | 3738 | 5.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments | 1158768 | 20669 | 3.57% | 1081147 | 20043 | 3.71% |
| &nbsp;&nbsp;Loans and Leases: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate loans (3) | 5591973 | 154379 | 5.49% | 5758318 | 162614 | 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial loans (3) | 1262130 | 40455 | 6.38% | 1047810 | 35179 | 6.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;Equipment financing (3) | 1260663 | 51034 | 8.10% | 1374322 | 53150 | 7.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer loans (3) | 1552633 | 42298 | 5.46% | 1485702 | 40269 | 5.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 9667399 | 288166 | 5.96% | 9666152 | 291212 | 6.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 10826167 | 308835 | 5.71% | 10747299 | 311255 | 5.79% |
| Non-interest-earning assets | 646577 |  |  | 684343 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $11472744 |  |  | $11431642 |  |  |
| **Liabilities and Stockholders' Equity:** |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW accounts | $633092 | 2039 | 0.65% | $665632 | 2372 | 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings accounts | 1762366 | 20865 | 2.39% | 1712804 | 23226 | 2.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market accounts | 2188482 | 27577 | 2.54% | 2051542 | 31474 | 3.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit | 1883049 | 38030 | 4.07% | 1661814 | 35389 | 4.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered deposit accounts | 757687 | 17649 | 4.70% | 927465 | 24144 | 5.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 7224676 | 106160 | 2.96% | 7019257 | 116605 | 3.34% |
| &nbsp;&nbsp;Borrowings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Advances from the FHLB | 955669 | 22269 | 4.63% | 1107071 | 27527 | 4.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debentures and notes | 84363 | 3419 | 8.11% | 84223 | 2752 | 6.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowed funds | 58704 | 1437 | 4.94% | 98406 | 2341 | 4.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1098736 | 27125 | 4.91% | 1289700 | 32620 | 5.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 8323412 | 133285 | 3.23% | 8308957 | 149225 | 3.61% |
| Non-interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand checking accounts | 1667489 |  |  | 1635690 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-interest-bearing liabilities | 238169 |  |  | 289351 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 10229070 |  |  | 10233998 |  |  |
| Stockholders' equity | 1243674 |  |  | 1197644 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $11472744 |  |  | $11431642 |  |  |
| Net interest income (tax-equivalent basis) /Interest-rate spread (4) |  | 175550 | 2.48% |  | 162030 | 2.18% |
| Less adjustment of tax-exempt income |  | 1035 |  |  | 441 |  |
| Net interest income |  | $174515 |  |  | $161589 |  |
| Net interest margin (5) |  |  | 3.27% |  |  | 3.03% |
| (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. | (1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis. |
| (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. | (2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month. |
| (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. | (3) Loans on nonaccrual status are included in the average balances. |
| (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. | (4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. |
| (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. | (5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis. |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** | **BROOKLINE BANCORP, INC. AND SUBSIDIARIES** |
| **Non-GAAP Financial Information (Unaudited)** | **Non-GAAP Financial Information (Unaudited)** | **Non-GAAP Financial Information (Unaudited)** | **Non-GAAP Financial Information (Unaudited)** | **Non-GAAP Financial Information (Unaudited)** |
|  | **At and for the Three Months Ended<br>March 31,** | **At and for the Three Months Ended<br>March 31,** | **At and for the Six Months Ended <br>June 30,** | **At and for the Six Months Ended <br>June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Reconciliation Table - Non-GAAP Financial Information** | (Dollars in Thousands Except Share Data) | (Dollars in Thousands Except Share Data) | (Dollars in Thousands Except Share Data) | (Dollars in Thousands Except Share Data) |
| Reported Pretax Income | $29594 | $21645 | $55076 | $41124 |
| &nbsp;&nbsp;Add: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger and restructuring expense | 439 | 823 | 1410 | 823 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating Pretax Income | $30033 | $22468 | $56486 | $41947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate | 25.3% | 24.4% | 24.8% | 24.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 7590 | 5473 | 14008 | 10289 |
| **Operating earnings after tax** | $22443 | $16995 | $42478 | $31658 |
| Operating earnings per common share: |  |  |  |  |
| &nbsp;&nbsp;Basic | $0.25 | $0.19 | $0.48 | $0.36 |
| &nbsp;&nbsp;Diluted | $0.25 | $0.19 | $0.47 | $0.35 |
| Weighted average common shares outstanding during the period: |  |  |  |  |
| &nbsp;&nbsp;Basic | 89104605 | 88904692 | 89104060 | 88899635 |
| &nbsp;&nbsp;Diluted | 89612781 | 89222315 | 89590267 | 89201912 |
| Return on average assets \* | 0.77% | 0.57% | 0.72% | 0.54% |
| &nbsp;&nbsp;Add: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger and restructuring expense (after-tax) \* | 0.01% | 0.02% | 0.02% | 0.01% |
| **Operating return on average assets \*** | 0.78% | 0.59% | 0.74% | 0.55% |
| Return on average tangible assets \* | 0.79% | 0.59% | 0.73% | 0.56% |
| &nbsp;&nbsp;Add: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger and restructuring expense (after-tax) \* | 0.01% | 0.02% | 0.02% | 0.01% |
| **Operating return on average tangible assets \*** | 0.80% | 0.61% | 0.75% | 0.57% |
| Return on average stockholders' equity \* | 7.04% | 5.49% | 6.61% | 5.18% |
| &nbsp;&nbsp;Add: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger and restructuring expense (after-tax) \* | 0.10% | 0.21% | 0.17% | 0.10% |
| **Operating return on average stockholders' equity \*** | 7.14% | 5.70% | 6.78% | 5.28% |
| Return on average tangible stockholders' equity \* | 8.85% | 7.04% | 8.34% | 6.65% |
| &nbsp;&nbsp;Add: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger and restructuring expense (after-tax) \* | 0.13% | 0.27% | 0.21% | 0.13% |
| **Operating return on average tangible stockholders' equity \*** | 8.98% | 7.31% | 8.55% | 6.78% |
| \* Ratios at and for the three months and six months ended are annualized. |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** | **At and for the Three Months Ended** |
|  | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** | **September 30,**<br>**2024** | **June 30,**<br>**2024** |
|  | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) | (Dollars in Thousands) |
| Net income, as reported | $22026 | $19100 | $17536 | $20142 | $16372 |
| Average total assets | $11402934 | $11543330 | $11580572 | $11451338 | $11453394 |
| Less: Average goodwill and average identified intangible assets, net | 256508 | 257941 | 259496 | 261188 | 262859 |
| Average tangible assets | $11146426 | $11285389 | $11321076 | $11190150 | $11190535 |
| **Return on average tangible assets (annualized)** | **0.79%** | **0.68%** | **0.62%** | **0.72%** | **0.59%** |
| Average total stockholders' equity | $1252055 | $1235201 | $1232527 | $1216037 | $1193385 |
| Less: Average goodwill and average identified intangible assets, net | 256508 | 257941 | 259496 | 261188 | 262859 |
| Average tangible stockholders' equity | $995547 | $977260 | $973031 | $954849 | $930526 |
| **Return on average tangible stockholders' equity (annualized)** | **8.85%** | **7.82%** | **7.21%** | **8.44%** | **7.04%** |
| Total stockholders' equity | $1254171 | $1240182 | $1221939 | $1230362 | $1198480 |
| &nbsp;&nbsp;Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 241222 | 241222 | 241222 | 241222 | 241222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Identified intangible assets, net | 14600 | 16030 | 17461 | 19162 | 20830 |
| Tangible stockholders' equity | $998349 | $982930 | $963256 | $969978 | $936428 |
| Total assets | $11568745 | $11519869 | $11905326 | $11676721 | $11635292 |
| &nbsp;&nbsp;Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 241222 | 241222 | 241222 | 241222 | 241222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Identified intangible assets, net | 14600 | 16030 | 17461 | 19162 | 20830 |
| Tangible assets | $11312923 | $11262617 | $11646643 | $11416337 | $11373240 |
| **Tangible stockholders' equity to tangible assets** | **8.82%** | **8.73%** | **8.27%** | **8.50%** | **8.23%** |
| Tangible stockholders' equity | $998349 | $982930 | $963256 | $969978 | $936428 |
| Number of common shares issued | 96998075 | 96998075 | 96998075 | 96998075 | 96998075 |
| &nbsp;&nbsp;Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury shares | 7039136 | 7037610 | 7019384 | 7015843 | 7373009 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unvested restricted shares | 854334 | 855860 | 880248 | 883789 | 713443 |
| Number of common shares outstanding | 89104605 | 89104605 | 89098443 | 89098443 | 88911623 |
| **Tangible book value per common share** | $**11.20** | $**11.03** | $**10.81** | $**10.89** | $**10.53** |

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PDF available: http://ml.globenewswire.com/Resource/Download/713b7b8a-a804-4b26-a467-f10b0d266b1b

## Exhibit 99.2

**EXHIBIT 99.2**

![](exh992_01.jpg)

July 24, 2025 1 2Q 2025 Financial Results

![](exh992_02.jpg)

Forward Looking Statements 2 Certain statements contained in this presentation that are not historical facts may constitute forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . We may also make forward - looking statements in other documents we file with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees . You can identify forward looking statements by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company's business, credit quality, financial condition, liquidity and results of operations . Forward - looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company's control . These include, but are not limited to, changes in interest rates ; general economic conditions (including inflation and concerns about liquidity) on a national basis or in the local markets in which the Company operates ; turbulence in the capital and debt markets ; competitive pressures from other financial institutions ; changes in consumer behavior due to changing political, business and economic conditions, or legislative or regulatory initiatives ; changes in the value of securities and other assets in the Company's investment portfolio ; increases in loan and lease default and charge - off rates ; the adequacy of allowances for loan and lease losses ; failure to complete the proposed merger with Berkshire Hills Bancorp, Inc . ("Berkshire") or unexpected delays related to the merger or either party's inability to satisfy closing conditions required to complete the merger ; failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed merger) ; certain restrictions during the pendency of the proposed merger with Berkshire that may impact the Company's ability to pursue certain business opportunities or strategic transactions ; the diversion of management's attention from ongoing business operations and opportunities ; decreases in deposit levels that necessitate increases in borrowing to fund loans and investments ; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, and future pandemics ; changes in regulation ; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions and adverse economic developments ; the risk that goodwill and intangibles recorded in the Company's financial statements will become impaired ; and changes in assumptions used in making such forward - looking statements . Forward - looking statements involve risks and uncertainties which are difficult to predict . The Company's actual results could differ materially from those projected in the forward - looking statements as a result of, among others, the risks outlined in the Company's Annual Report on Form 10 - K, as updated by its Quarterly Reports on Form 10 - Q and other filings submitted to the SEC . The Company does not undertake any obligation to update any forward - looking statement to reflect circumstances or events that occur after the date the forward - looking statements are made . Non - GAAP In addition to financial measures presented in accordance with U . S . generally accepted accounting principles ("GAAP"), this presentation contains certain non - GAAP financial measures, including, without limitation, operating earnings, and the ratios of tangible common equity to tangible assets . The presentation of non - GAAP financial information is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP . Please see the Earnings Release for certain Non - GAAP reconciliations .

![](exh992_03.jpg)

x Loans declined $61 million, driven by a reduction in CRE loans of $95 million. x Customer deposits increased $59 million. x Margin increased 10 bps to 3.32%. x Operating Earnings excludes $0.4 million in Merger related expenses. x ROA of 0.77%; ROTCE 8.85% x NPAs to total assets of 0.55%. 3 x Net charge offs $5.1 million (0.21% annualized). x The reserve for loan losses represents a coverage ratio of 132 basis points. x Total Risk Based Capital of 13.03%\* and Tangible Common Equity of 8.8%. x Remain on target to close the merger with Berkshire Hills Bancorp announced on Dec. 16th and approved by stockholders on May 21 st . Quarterly Net Income of $22.0 million and EPS of $0.25 Quarterly Operating Earnings of $22.4 million and Operating EPS of $0.25 Quarterly Dividend of $0.135 Per Share \* Regulatory capital ratios are preliminary estimates and may differ from numbers calculated in final Regulatory filings.

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Summary Income Statement ▪ Net Income of $22 million or $0.25 per share. ▪ Net interest income increased $2.9 million from Q1 driven by lower funding costs. ▪ Noninterest income increased $0.3 million from prior quarter on higher gains on loan sales. ▪ Noninterest expense declined $1.3 million linked quarter, due to generally lower operating costs partially offset by higher marketing spend. ▪ Slightly lower merger expenses of $439 thousand. ▪ Provision for credit losses of $7 million for the quarter, an increase of $1 million from the prior quarter. %Δ Δ 2Q24 %Δ Δ 1Q25 2Q25 $m, except per share amts 11% $8.7 $80.0 3% $2.9 $85.8 $88.7 Net interest income - 6% (0.4) 6.4 5% 0.3 5.7 6.0 Noninterest income - - - - - - Security gains (losses) - 10% 8.3 86.4 3% 3.2 91.5 Total Revenue 94.7 - 1% (0.7) 58.4 - 2% (1.3) 59.0 Noninterest expense 57.7 - 50% (0.4) 0.8 - 60% (0.6) 1.0 0.4 Restructuring/Merger exp. 35% 9.4 27.2 16% 5.1 31.5 36.6 Pretax, Preprov. Net Rev. 25% 1.4 5.6 17% 1.0 6.0 7.0 Provision for credit losses 37% 8.0 21.6 16% 4.1 25.5 29.6 Pretax income 43% 2.3 5.3 19% 1.2 6.4 7.6 Provision for taxes 35% $5.7 $16.3 15% $2.9 $19.1 $22.0 Net Income 39% $0.07 $0.18 19% $0.04 $0.21 $0.25 EPS 0% 391 89,222 0% 45 89,568 89,613 Avg diluted shares (000s) 0.20% 0.57% 0.11% 0.66% 0.77% Return on Assets 1.81% 7.04% 1.03% 7.82% 8.85% Return on Tangible Equity 0.32% 3.00% 0.10% 3.22% 3.32% Net Interest Margin - 7.16% 68.50% - 4.26% 65.60% 61.34% Efficiency Ratio Linked Quarter (LQ) Year over Year (YoY) Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. 4

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GAAP versus Operating Earnings (non - GAAP) Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. 5 ▪ Operating earnings were $22.4 million excluding $439 thousand in merger expenses which were primarily non tax deductible. Operating Non - Core GAAP $m, except per share amts $88.7 $- $88.7 Net interest income 6.0 6.0 - Noninterest income - - - Security gains (losses) 94.7 94.7 - Total Revenue 57.7 57.7 - Noninterest expense - (0.4) 0.4 Merger expense 37.0 0.4 36.6 Pretax, Preprov. Net Rev. 7.0 7.0 - Provision for credit losses 30.0 0.4 29.6 Pretax income 7.6 7.6 - Provision for taxes $22.4 $0.4 $22.0 Net Income $0.25 $0.00 $0.25 EPS 89,613 89,613 89,613 Avg diluted shares (000s) 0.79% 0.77% Return on Assets 8.98% 8.85% Return on Tangible Equity 3.32% 3.32% Net Interest Margin 60.93% 61.34% Efficiency Ratio 2Q25

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Margin – Yields and Costs LQ Δ Prior Quarter 2Q25 Yield Interest Avg Bal Yield Interest Avg Bal Yield Interest Avg Bal $ millions 0.09% $0.6 $(103) 5.92% $143.8 $9,719 6.01% $144.4 $9,616 Loans - 0.07% (0.2) (6) 3.60% 10.4 1,162 3.53% 10.2 1,156 Investments & earning cash 0.07% $0.4 $(109) 5.67% $154.2 $10,881 5.74% $154.6 $10,772 Interest Earning Assets - 0.09% $(0.8) $23 3.01% $53.5 $7,213 2.92% $52.7 $7,236 Interest bearing deposits - 0.10% (1.7) (129) 4.96% 14.4 1,164 4.86% 12.7 1,035 Borrowings - 0.12% $(2.5) $(106) 3.29% $67.9 $8,377 3.17% $65.4 $8,271 Interest Bearing Liabilities 0.19% 2.38% 2.57% Net interest spread 0.10% $2.9 3.22% $86.3 3.32% $89.2 Net interest income, TEB / Margin - 0.5 0.5 LESS: Tax Equivalent Basis (TEB) Adj. 2.9 $85.8 $88.7 $ Net Interest Income 5.50% 8.50% 5.33% 5.44% 4.75% 4.38% 4.40% 4.50% 7.50% 4.41% 4.44% 3.89 % 3.96% 4.23% 4.50% 7.50% 4.45% 4.45% 3.72% 3.79% 4.24% Fed Funds (upper) Prime SOFR Ameribor 2Y Treasury 5Y Treasury 10Y Treasury 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. 6

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Summary Balance Sheet ▪ Total assets increased $4 %Δ Δ 2Q24 Δ 1Q25 2Q25 $m, except per share amts driven by growth in cash - 1% $(139) $9,721 $(61) $9,643 $9,582 Gross Loans, investment equivalents. 4% (5) (122) (3) (124) (127) Allowance for loan losses - 2% (144) 9,599 (64) 9,519 9,455 Net Loans 9 million ▪ Loans declined $61 million. ▪ The allowance for loan losses increased $3 million. ▪ ALLL coverage increased to 1.32%. ▪ Deposits increased $50 million. ▪ Tangible Equity to Tangible Assets of 8.82%\*. 1% 11 856 (15) 882 867 Securities 48% 164 343 149 358 507 Cash & equivalents - 2% (6) 262 (1) 257 256 Intangibles - 16% (91) 575 (20) 504 484 Other assets & Loans, HFS Total Assets $11,569 $11,520 $49 $11,635 $(66) - 1% 3% $224 $8,737 $50 $8,911 $8,961 Deposits - 19% (274) 1,429 (1) 1,156 1,155 Borrowings - 55% (6) Reserve for unfunded loans 5 5 - 11 - 25% (66) 260 (14) 208 194 Other Liabilities - 1% (122) 10,437 35 10,280 10,315 Total Liabilities 5% 56 1,198 14 1,240 1,254 Stockholders' Equity - 1% $(66) $11,635 $49 $11,520 $11,569 Total Liabilities & Equity 6% $0.67 $10.53 $0.17 $11.03 $11.20 TBV per share 0% 193 88,912 - 89,105 89,105 Actual shares outstanding (000) 0.59% 8.23% 0.09% 8.73% 8.82% Tang. Equity / Tang. Assets - 4.33% 111.26% - 1.28% 108.21% 106.93% Loans / Deposits 0.07% 1.25% 0.03% 1.29% 1.32% ALLL / Gross Loans Linked Quarter (LQ) Year over Year (YoY) Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. \*Reconciliation of Non - GAAP measures in Earnings Release. 7

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Loan and Deposit Composition 16% 13% 57% 14% Loans 19% 7% 20% 24% 9% CRE C&I Equipment Consumer Deposits DDA Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. NOW Savings MMkt CDs Brkd %Δ Δ 2Q24 Δ 1Q25 2Q25 $ millions - 5% $(296) $5,782 $(95) $5,581 $5,486 CRE 22% 239 1,064 53 1,250 1,303 Commercial S - 12% (163) 1,380 (46) 1,263 1,217 Equipment Finance OA N 5% 81 1,495 27 1,549 1,576 Consumer L - 1% (139) $9,721 $(61) $9,643 $9,582 $ Total Loans 5% $89 $1,638 $62 $1,665 $1,727 Demand deposits 0% 2 648 25 625 650 NOW 3% 60 1,736 2 1,794 1,796 Savings 4% 80 2,074 (30) 2,184 2,154 Money market 9% 160 1,718 - 1,878 1,878 CDs 8 - 18% (167) 923 (9) 765 756 Brokered deposits 3% $224 $8,737 $50 $8,911 $8,961 Total Deposits 21% Linked Quarter (LQ) Year over Year (YoY) DEPOSITS • Intentional reduction in Investment Commercial Real Estate (ICRE) loans and Specialty Vehicle. • ICRE / Total Risk Based Capital of 363%. • Customer deposits increased $59 million as brokered deposits decreased $9 million.

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Capital Strength 9 \* Regulatory capital ratios are preliminary estimates and may differ from numbers calculated in final Regulatory filings. ▪ As of June 30, 2025, the Company maintained capital well above regulatory "well capitalized" requirements. Capital in Excess of "Well Capitalized" Brookline Board Policy Limits Regulatory BASEL III Requirements preliminary estimates\* Regulatory Capital Buffer $ Regulatory Capital Buffer % Operating Targets Policy Minimums "Well Capitalized" Minimum Jun - 25 $ millions $429.4 4.5% ≥ 8.0% ≥ 7.5% ≥ 6.5% ≥ 4.5% 11.0% Tier 1 Common / RWA $297.6 3.2% ≥ 9.5% ≥ 9.0% ≥ 8.0% ≥ 6.0% 11.2% Tier 1 / RWA $286.5 3.0% ≥ 11.5% ≥ 11.0% ≥ 10.0% ≥ 8.0% 13.0% Total Risk Based Capital $492.7 4.4% ≥ 6.0% ≥ 5.5% ≥ 5.0% ≥ 5.0% 9.4% Leverage Ratio

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Regular Dividends Per Share The Board of Directors announced a dividend of $0.135 per share payable August 22, 2025 to stockholders of record on August 8, 2025. $0.046 10 $0.096 $0.110 $0.210 $0.316 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.355 $0.360 $0.360 $0.395 $0.440 $0.460 $0.480 $0.520 $0.540 $0.540 $0.135 $0.135 $0.135 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1'25 Q2'25 Q3'25

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Strategic Highlights\* Merger Update Attractive Deal Metrics\* Transformative partnership creating a premier $24 billion Northeast franchise positioned to benefit from significant economies of scale Highly - complementary geographic footprints with top 10 deposit market share in 14 of 19 pro forma MSAs Combines Berkshire's funding base with Brookline's commercial lending focus in metro markets Pro forma institution will leverage the strengths and best practices of both companies to drive operating performance Proxy statement/prospectus filed with the SEC Regulatory Applications filed with the appropriate federal and state agencies Requisite stockholders approvals received on May 21, 2025 Anticipate Closing in the second half of 2025 Decisions on the Core Banking Platform are completed. Conversion planning underway. Targeting Feb 2026 for core systems conversions Berkshire legal acquirer, Brookline accounting acquirer. Berkshire balance sheet marked to market at close, providing greater flexibility in balance sheet management Identified cost savings of 12.6% of the combined company's expense base Significant earnings per share accretion (40% GAAP \| 23% cash in 2026) with a TBV earnback period less than 3 years Materially enhances profitability profile of both companies with projected 2026 ROAA of 1.28% and ROATCE of 16.5% Berkshire – Brookline Partnership Next Steps Actions Taken 11 Anticipate Legal and Financial Close of the Core System Merger and Consolidation of Anticipate Stockholders Filed S4 / Filed Applications Transaction Conversions Bank Charters Regulatory Approved Proxy With Regulators Announced February 2026 Second Half 2025 Approvals 05/21/25 04/08/25 03/17/25 12/16/24 \* As announced on December 16, 2024.

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QUESTIONS Paul A. Perrault, Chairman and Chief Executive Officer Carl M. Carlson, Co - President, Chief Financial and Strategy Officer Thank You. 12

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APPENDIX RHODE ISLAND - PROVIDENCE BOSTON / EASTERN MASSACHUSETTS (14) WESTCHESTER / LOWER HUDSON VALLEY, NY (28) (22) Subsidiary of Eastern Funding 13

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Non Performing Assets and Net Charge Offs Δ 2Q24 Δ 1Q25 2Q25 ons Non Performing Assets (NPAs), in milli $(9.3) $11.7 $(15.0) $17.4 $2.4 CRE 11.0 43.8 14.4 40.4 54.8 C&I (0.1) 5.2 (0.2) 5.3 5.1 Consumer 1.6 60.7 (0.8) 63.1 62.3 Total Non Performing Loans (NPLs) million in the quarter (0.1) 0.8 - 0.7 0.7 Other real estate owned driven by two impaired (0.6) 1.2 0.4 0.2 0.6 Other repossessed assets CRE loans which were sold in the quarter. $0.9 $62.7 $(0.4) $64.0 Total NPAs $63.6 0.03% 0.62% 0.00% 0.65% 0.65% NPLs / Total Loans 0.01% 0.54% - 0.01% 0.56% 0.55% NPAs / Total Assets Net Charge Offs (NCOs), in millions $(0.3) $3.8 $3.5 $- $3.5 CRE loans (3.0) 4.6 (6.0) 7.6 1.6 C&I loans - - - - - Consumer loans $(3.3) $8.4 $(2.5) $7.6 $5.1 Total Net Charge Offs - 0.14% 0.35% - 0.10% 0.31% 0.21% NCOs / Loans (annualized) Linked Quarter (LQ) Year over Year (YoY) Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. 14 ▪ NPLs declined $0.8 million from the prior quarter driven by the sale of 2 CRE loans offset by further credit deterioration. ▪ Net charge offs of $5.1

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Key Economic Variables - CECL Select Economic Variables from the Moody's Baseline Forecasts ▪ Our models use Moody's forecasts as inputs to estimate credit losses under CECL. 15 ▪ The June 2025 economic forecasts were unfavorable compared to the March 2025 forecasts: ▪ GDP – UNFAVORABLE ▪ Unemployment – UNFAVORABLE ▪ CRE Price Index – UNFAVORABLE ▪ Forecast weightings for 2Q'25 were modified slightly in favor of Baseline versus Recession: ▪ 30% Moderate Recession; neutral target of 30% ▪ 45% Baseline; neutral target of 40% ▪ 25% Stronger Near Term Growth; neutral target of 30% Stronger Near Term Growth (S1) Baseline Moderate Recession (S3) Weightings of Moody's Forecast for CECL Model 2Q 2025 30% 45% 25% 25% 40% 35% 1Q 2025 25% 40% 35% 4Q 2024 5% 45% 50% 3Q 2024 0% 40% 60% 2Q 2024 Change from Prior CURRENT: 2Q'25 Prior Quarter: Baseline Scenario 2026 2025 2026 2025 2026 2025 (222) (122) 24,119 23,756 24,341 23,878 GDP 0.4 0.1 4.8 4.3 4.4 4.2 Unemployment Rate - - 3.0 4.0 3.0 4.0 Fed Fund Rate - (0.1) 4.3 4.2 4.3 4.3 10 Treasury (13.0) (2.1) 305.8 305.7 318.8 307.8 CRE Price Index

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Total $2,127 100% Total $1,376 100% 16% Consumer 15% Equipment Finance 22% Commercial 47% Investment CRE % Total % Total % Total % Perm Constr Total 70% $1,100 Residential 20% Food & Lodging $421 30% 45 $1,347 $$1,302 Apartment 25% 397 Home Equity 12% Manufacturing 248 17% 1 783 782 Retail 4% 64 Other Consumer 11% Finance and Ins 232 14% 647 - 647 Office 1% 15 Purchase Mtge 6% Wholesale Trade 127 14% 6 648 642 Industrial 100% $1,576 Total 10% Professional 219 9% 3 419 416 Mixed Use 12% RE Agents / Brokers 246 0% 18 22 4 1 - 4 Family 8% Health Care / Social 176 4% 7 181 174 Hotel 3% Construction 65 1% 46 46 - Land 7% Retail 150 9% 45 410 365 Other 5% Arts, Entert., Rec 96 100% $171 $4,503 $4,332 Total 2% Condo 42 1% Trans./Warehousing 13 4% Other Services 92 47% $642 Laundry Eastern Funding Core 4% 51 Grocery 2% 22 Dry Cleaning 2% 27 Restaurant 1% 11 Car Wash 14% 192 EF CRE 3% 39 Other EF 11% 152 Fitness/Macrolease F 7% 99 Tow Truck Specialty Vehicle 3% 46 Heavy Tow 2% 24 FedEx 1% 7 Trailer 5% 64 Other Vehicle Specialty Vehicle $240 17% Discontinued - in Run off mode Total Loans Outstanding $9,582 Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. Major Loan Segments with Industry Breakdown 2Q25 $4,503 $2,127 $1,376 $1,549 Loans outstanding ($ millions) Owner Occupied CRE included in Commercial and Equipment Finance 16

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CRE – Loan to Value (LTV) 44% 45% 41% 38% 44% 15% 38% 53% 52% 49% 46% 42% 57% 43% 69% 62% 44% 44% 7% 9% 13% 4% 13% 0% 3% 2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Apartment Retail Office Industrial 50% and lower Mixed Use 50 - 70 Medical Hotel Restaurant Other Non Owner Occupied CRE and Multifamily Exposures at June 30, 2025. Exposures by LTV 70 - 80 80+ 20% 49% 1% 8% 17

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37% 45% 46% 27% 40% 26% 55% 61% 32% 10% 7% 6% 7% 10% 4% 3% 5% 11% 16% 17% 26% 22% 23% 26% 11% 25% 30% 21% 15% 17% 23% 24% 2 0 % 3% 19% 3% 7% 16% 1% 25% 9% 10% 0 3 % 9% 0% 19% 9% 4% 1 2 % 1 2 % 3% 1% 1 2 % 15% 1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Apartment Retail Office 2019 and Before Restaurant Other Non Owner Occupied CRE and Multifamily Exposures at June 30, 2025. Exposures by Year of Origination Industrial Mixed Use Medical Hotel 2020 2021 2022 2023 2024 2025 2 % CRE - Vintage 3 % 7 % 21 % 20 % 8 % 39 % 18

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ICRE Maturities, excludes Construction 2Q25 ICRE Maturities by Size Average Loan Size Number of Loans Outstanding Loan Size $17.5 25 $437.7 $10MM+ 7.1 31 221.1 $5MM - $10MM 2.4 99 235.2 $1MM - $5MM 0.3 207 71.3 Under $1MM $2.7 362 $965.3 Total 19

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Office Maturities, excludes Construction Office Maturities by Submarket Average Loan Size Number of Loans Outstanding Bank $8.7 21 $183.0 Brookline Bank 9.8 6 59.1 Boston 7.6 6 45.3 Inside 128 8.7 9 78.6 Other BBK 2.5 20 50.8 Bank Rhode Island 2.7 14 37.1 Providence Cranston Pawtucket 2.3 6 13.7 Other BARI 0.2 4 0.8 PCSB 0.1 1 0.1 NY 0.2 3 0.7 Other PCSB $5.2 45 $234.6 Total Office Maturities - Asset Quality Average LTV Average DSC Average Loan Size Outstanding Loan Size 52% 1.69x $4.9 $205.8 Core 68% - 0.11x 4.2 28.9 Criticized + Classified 54% 1.47x $4.8 $234.6 Total 2Q25 ▪ No significant changes in the maturity profile of the Company's Office portfolio since last quarter. 36% ($235MM) of the portfolio is maturing before 6/30/2027, with 88% Pass rated. Maturities remain staggered in the next 24 months, with $139MM (21%) maturing before 6/30/2026. ▪ The Company experienced modest deterioration in the Office portfolio, with the maturing Criticized + Classified population increasing to $28.9MM during the quarter, driven by two credits in the Boston central business district. ▪ The $10.8MM Classified credit secured by a downtown office building discussed in prior quarters was successfully sold at $170 PSF in Q2. There was no provision impact due to existing specific reserves. ▪ Despite some deterioration during the quarter, the Company views this as reflective of property - specific issues associated with the downtown office market, rather than the overall health of the portfolio. 20

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Multi - Family Maturities, excludes Construction Multi - Family Maturities - Asset Quality Average DSC Average LTV Average Loan Size Outstanding Loan Size 48% 1.73x $2.1 $233.8 Core 73% 0.89x 7.1 14.3 Criticized + Classified 50% 1.68x $2.4 $248.1 Total 2Q25 ▪ 17% ($248MM) of the multi - family portfolio matures before 6/30/2027. 94% of the population is Pass rated. ▪ The maturing Criticized + Classified population is comprised of two previously reported construction - to - perm loans totaling $14.3MM secured by fully occupied low income and affordable housing complexes in Wareham. The loans have experienced delays in obtaining permanent takeout financing from MassHousing, but are still expected to pay off in 2025. ▪ While the portfolio continues to remain healthy, as evidenced by a 97% overall Pass rating, we do acknowledge continued DSC compression driven by higher operating and debt service costs. 21

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ICRE Repricing, excludes Construction and Swapped/Floating Rate Loans 2Q25 ICRE Repricing by Size Average Loan Size Number of Loans Outstanding Loan Size $13.6 5 $68.0 $10MM+ 6.5 13 85.0 $5MM - $10MM 2.1 112 239.3 $1MM - $5MM 0.4 147 64.5 Under $1MM $1.6 277 $456.8 Total 22

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Consumer Loans – LTV / FICO 2Q25 23 700+ 84% 650 - 699 6% 600 - 649 2% 599 - 2% N/A 6% 50% or less 32% 50% - 69% 38% 70% - 80% 26% 80%+ 4% 700+ 90% 50% - 69% 31% 70% - 80% 34% 80%+ 2% Resid. 1 - 4 58% LTV Resid. 1 - 4 FICO 650 - 699 3% Home Equity FICO 50% or less Home Equity 33% 56% LTV

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Well Diversified Deposit Base – 72% of Customer Deposits are Insured\* Consumer Deposits 47% (75% insured) Commercial Deposits 42% (62% insured) \* Insured includes deposits which are collateralized. 2Q25 Municipal Deposits 3% Brokered Deposits 8% 24

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Securities Portfolio 2Q25 ▪ Highly liquid, risk averse securities portfolio with prudent duration and minimal extension risk. The entire investment portfolio is classified as Available for Sale. ▪ The after tax, mark to market on the portfolio is included in Accumulated Other Comprehensive Income in Stockholders' Equity. Total OCI represents a reduction in stockholders' equity of 3.2%. UST 53% 25 Agency 21% Corp 1% MBS 21% CMO 2% Municipals 2% Amounts as presented may differ slightly from the Company's Earnings Release due to rounding to foot schedules presented. Duration Book Yield Unreal. G/L Fair Value Book Value Current Par $ in millions 2.3 2.85% (16) $462 $478 $480 U.S. Treasuries 3.4 2.61% (14) 178 192 188 Agency Debentures 1.5 6.54% 0 12 12 13 Corp Bonds 4.9 3.08% (19) 180 199 210 Agency MBS 4.3 2.96% (1) 16 17 18 Agency CMO 2.4 4.69% (1) 19 20 21 Municipals/Other 3.1 2.94% $(51) $867 $918 $930 Total

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Interest Rate Risk Floating (<3m) 33% Adj. 25% Fixed 42% Loan Originations, $445 million Total Loan Portfolio Mix – Duration 2.0 0.24% 0.31% 0.28% 0.21% 0.21% 0.37% 0.57% 0.44% 0.75% 0.78% 0.87% Cumulative Net Interest Income Change by Quarter 06/30/2025 Flat Balance Sheet , simulations reflect a product weighted beta of ~ 45% on total deposits. - 100bps Ramp Forward - Implied Rates +200bps Ramp 1Q'26 0.75% Floating (<3m) 23% 26 Adj. 38% Fixed 39% 2Q25 2Q'25 3Q'25 4Q'25

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Deposit and Funding Betas - Percentage Change in Cost versus Change in Federal Funds Rate 2Q25 27 Rising Interest Rate Environment Beta\* Period Change Cycle End 2Q24 Cycle Start 4Q21 Rates / Costs 5.25% 5.50% 0.25% Fed Funds Rate 11% 0.60% 0.68% 0.08% NOW 51% 2.66% 2.76% 0.10% Savings 54% 2.82% 3.08% 0.26% MMA 70% 3.70% 4.43% 0.73% CDs 97% 5.09% 5.25% 0.16% Brokerd CDs 58% 3.07% 3.39% 0.32% Total Interest Bearing 0% 0.00% 0.00% 0.00% DDA 48% 2.52% 2.75% 0.23% Total Deposit Costs 56% 2.95% 5.00% 2.05% Borrowings 52% 2.74% 3.04% 0.30% Total Funding Costs Declining Interest Rate Environment Beta\* Period Change Current 2Q25 Cycle End 2Q24 - 1.00% 4.50% 5.50% 3% - 0.03% 0.65% 0.68% 35% - 0.35% 2.41% 2.76% 52% - 0.52% 2.56% 3.08% 50% - 0.50% 3.93% 4.43% 68% - 0.68% 4.57% 5.25% 47% - 0.47% 2.92% 3.39% 0% 0.00% 0.00% 0.00% 37% - 0.37% 2.38% 2.75% 14% - 0.14% 4.86% 5.00% 40% - 0.40% 2.64% 3.04% \* Betas based on reported quarterly cost of funds (Betas expressed as absolute values); Does not capture the impact of lag effects and timing of rate moves. Cost of deposits reflects interest costs over the quarter on a blended product category basis. ▪ The Federal Reserve began increasing the Federal Funds rate in March 2022; increasing rates 5.25% through June 2024. ▪ On Sept 18, 2024 the FRB began reducing the Federal Funds rate with an initial cut of 50 basis points. ▪ Additional 25 basis point reductions occurred at both the November 7th and December 18th, 2024 meetings.