Brookline Bancorp (BRKL), a multi-bank holding company, is expected to show no growth in earnings and dividends for 2020. This is because the positive effects of loan growth and increase in non-interest income are likely to be countered by a decline in margin and rise in non-interest expense. Meanwhile, BRKL's provisions for credit losses, which dragged earnings in 2QFY19, are expected to return a normal level.
Credit Losses to Normalize
BRKL's earnings dipped in the second quarter of 2019 due to a surge in provisions charge for loan losses. I expect provisions charge