Brookline Bancorp, Inc.

Good afternoon, and welcome to Brookline-Vancourt Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Brookline-Vancourt's attorney, Laura Vaughn. Please go ahead.

Thank you, Tia, and good afternoon, everyone. Rebecca Sandefur , REL Appalachia County, Yesterday we issued our earnings release and presentation, which is available on the investor relations page of our website. Rebecca Sandefur , REL Appalachia County, brooklynbankport.com and has been filed with the SEC this afternoon's call will be hosted by Paul a peril and Carl m Carlson. Rebecca Sandefur , REL Appalachia County, This call may contain forward looking statement with respect to the financial condition results of operation and business of brooklyn bank work. please refer to page two of our earnings presentation for our forward-looking statement disclaimer. Also, please refer to our other filings with the Securities and Exchange Commission, which contain risk factors that could cause actual results to differ materially from these forward-looking statements. Any references made during this presentation to non-GAAP measures are only made to assist you in understanding Brookline Bancorp's results and performance trends and should not be relied on as financial measures of actual results or future predictions. For a comparison and reconciliation to GAAP earnings, please see our earnings release. I'm pleased to introduce Brookline Baincorp's Chairman and CEO, Paul Peralta.

Thank you, Laura. Good afternoon, everyone, and thank you for joining us on today's call. I'm pleased to report we had near record earnings of $30.1 million, over 39 cents per share. and that the board has approved a 4% increase to our quarterly dividend, bringing it to 13.5 cents per share. Our loan portfolio grew 129 million, or 7% annualized, and our net interest margin for the third quarter was 3.80, an increase of 24 basis points from Q2. We continue to see good commercial loan and deposit activity in our markets despite the significant rise in short-term interest rates the teams at both pcsb bank and brookline continue to prepare for the transaction which we anticipate will close in the fourth quarter i will now turn you over to carl who will review the company's third quarter results in more detail thank you paul net income this quarter was up 4.9 million dollars from q2 driven by margin expansion