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Brookline Bancorp (Brookline Bancorp) Effective Interest Rate on Debt % : 21.35% (As of Dec. 2023)


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What is Brookline Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Brookline Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $275.1 Mil. Brookline Bancorp's average total debt for the quarter that ended in Dec. 2023 was $1,288.3 Mil. Therefore, Brookline Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 21.35%.


Brookline Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Brookline Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Brookline Bancorp Effective Interest Rate on Debt % Chart

Brookline Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.21 7.52 4.77 4.96 16.61

Brookline Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.39 11.95 16.25 20.76 21.35

Competitive Comparison of Brookline Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Brookline Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brookline Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Brookline Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Brookline Bancorp's Effective Interest Rate on Debt % falls into.



Brookline Bancorp Effective Interest Rate on Debt % Calculation

Brookline Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -237.576/( (1452.136+1408.668)/ 2 )
=-1  *  -237.576/1430.402
=16.61 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1452.136 + 0
=1452.136

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1408.668 + 0
=1408.668

Brookline Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -275.056/( (1167.875+1408.668)/ 2 )
=-1  *  -275.056/1288.2715
=21.35 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1167.875 + 0
=1167.875

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1408.668 + 0
=1408.668

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Brookline Bancorp  (NAS:BRKL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Brookline Bancorp Effective Interest Rate on Debt % Related Terms

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Brookline Bancorp (Brookline Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
131 Clarendon Street, Boston, MA, USA, 02116
Brookline Bancorp Inc operates as a multi-bank holding company. It offers commercial, business and retail banking services, including a full complement of cash management products, online banking services, consumer and residential loans.
Executives
John A Hackett director 131 CLARENDON STREET, BOSTON MA 02116
Hill Willard I Jr director 2651 STRANG BOULEVARD, SUITE 100, YORKTOWN HEIGHTS NY 10598
Michael P Goldrick officer: CEO PCSB Bank 2651 STRANG BOULEVARD, SUITE 100, YORKTOWN HEIGHTS NY 10598
Carl M Carlson officer: Chief Financial Officer 131 CLARENDON STREET, BOSTON MA 02116
Bogdan Nowak director 131 CLARENDON STREET, BOSTON MA 02116
David C Chapin director 131 CLARENDON STREET, BOSTON MA 02116
Margaret Boles Fitzgerald director 131 CLARENDON STREET, BOSTON MA 02116
Doyle John J Jr director 131 CLARENDON STREET, BOSTON MA 02116
William C Tsonos officer: CEO Bank Rhode Island 131 CLARENDON STREET, BOSTON MA 02116
Charles H Peck director 131 CLARENDON STREET, BOSTON MA 02116
Michael W. Mccurdy officer: CRO and General Counsel 131 CLARENDON STREET, BOSTON MA 02116
Marissa S. Martin officer: General Counsel 131 CLARENDON STREET, BOSTON MA 02116
Darryl J. Fess officer: CEO, Brookline Bank 131 CLARENDON STREET, BOSTON MA 02116
James M Cosman officer: Director of Operations 131 CLARENDON STREET, BOSTON MA 02116
Janytra M Brooks officer: Chief Human Resources Officer 131 CLARENDON STREET, BOSTON MA 02116