Chase on for Steve Moss's questions to Brookline Bancorp Inc (BRKL) leadership • Q2 2025
Question
Chase, on behalf of Steve Moss from Raymond James, questioned the current trends in new loan pricing and requested more color on a delayed Mass Housing takeout mentioned in the company's presentation.
Answer
Chairman & CEO Paul Perrault described the loan pricing environment as competitive but holding up, with particularly strong rates in the equipment finance business. Co-President and CFO Carl Carlson provided a specific metric, stating that Q2 loan originations of $445 million had a weighted average coupon of 6.94%. Carlson also clarified that the delayed Mass Housing takeout relates to a loan that is past its maturity date but is 100% leased, accruing, and simply awaiting final paperwork for the takeout.