Earnings of Brookline Bancorp, Inc. (BRKL) are likely to dip this year partially due to the interest rate decline. Moreover, non-interest expenses will likely increase in 2020, which will further pressurize earnings. I’m expecting non-interest expenses to increase due to the normalization of FDIC insurance expense and balance sheet growth. On the other hand, continued loan growth is likely to ease the pressure on earnings. Overall, I’m expecting BRKL’s earnings to decrease by 4.6% year over year in 2020. The December 2020 target price suggests a high upside from the current market price.