EXHIBIT 99.1

Brookline Bancorp Announces First Quarter Results

Net Income of $24.7 million, EPS of $0.32

Increases Quarterly Dividend 4%

BOSTON, MA, April 27, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $24.7 million, or $0.32 per basic and diluted share, for the first quarter of 2022, compared to net income of $28.5 million, or $0.37 per basic and diluted share, for the fourth quarter of 2021, and net income of $26.5 million, or $0.34 per basic and diluted share, for the first quarter of 2021.

Paul Perrault, Chairman and Chief Executive Officer of the Company commented on the first quarter earnings, “I am pleased to report solid earnings for the first quarter of $24.7 million or $0.32 per share.” Perrault continued, “Our bankers continued to generate strong loan and deposit growth during the first quarter. Asset quality continues to be strong as the economy in the markets we serve continues to improve.”

BALANCE SHEET

Total assets at March 31, 2022 increased $31.1 million to $8.63 billion from $8.60 billion at December 31, 2021, and increased $73.9 million from $8.56 billion at March 31, 2021. At March 31, 2022, total loans and leases were $7.2 billion, representing an increase of $68.7 million from December 31, 2021, and a decrease of $44.4 million from March 31, 2021.

The Company funded a total of 4,700 of SBA Paycheck Protection Program ("PPP") loans in the aggregate amount of $872.1 million. As of March 31, 2022, $14.0 million in PPP loans remain outstanding, net of deferred fees and costs of $0.4 million. Excluding PPP loan activity, the core loan portfolio grew $122.4 million in the first quarter compared to growth of $315.6 million in the fourth quarter.

Total investment securities at March 31, 2022 increased $9.7 million to $730.6 million from $720.9 million at December 31, 2021, and increased $0.1 million from $730.4 million at March 31, 2021. Total cash and cash equivalents at March 31, 2022 decreased $34.5 million to $293.3 million from $327.7 million at December 31, 2021, and increased $162.3 million from $130.9 million at March 31, 2021. As of March 31, 2022, total investment securities and total cash and cash equivalents represented 11.9 percent of total assets as compared to 12.2 percent and 10.1 percent as of December 31, 2021 and March 31, 2021, respectively.

Total deposits at March 31, 2022 increased $44.5 million to $7.09 billion from $7.05 billion at December 31, 2021, and increased $227.6 million from $6.87 billion at March 31, 2021.

Total borrowed funds at March 31, 2022 increased $35.6 million to $392.9 million from $357.3 million at December 31, 2021, and decreased $153.1 million from $546.0 million at March 31, 2021.

The ratio of stockholders’ equity to total assets was 11.37 percent at March 31, 2022, as compared to 11.57 percent at December 31, 2021, and 11.04 percent at March 31, 2021. The ratio of tangible stockholders’ equity to tangible assets (non-GAAP) was 9.67 percent at March 31, 2022, as compared to 9.87 percent at December 31, 2021, and 9.31 percent at March 31, 2021. Tangible book value per share (non-GAAP) decreased $0.17 from $10.73 at December 31, 2021 to $10.56 at March 31, 2022, compared to $10.01 at March 31, 2021.

NET INTEREST INCOME

Net interest income decreased $1.7 million to $69.8 million for the first quarter of 2022 from $71.5 million at the quarter ended December 31, 2021. The net interest margin decreased 3 basis points to 3.49 percent for the three months ended March 31, 2022 from 3.52 percent for the three months ended December 31, 2021.

NON-INTEREST INCOME

Total non-interest income for the quarter ended March 31, 2022 decreased $5.2 million to $5.5 million from $10.7 million for the quarter ended December 31, 2021. The decrease was primarily driven by a decrease of $3.3 million in loan level derivative income, net, a decrease of $1.6 million in gain on sales of loans and leases, a decrease of $0.5 million in other non-interest income, and a decrease of $0.1 million in deposit fees, partially offset by an increase of $0.3 million in loan fees.

PROVISION FOR CREDIT LOSSES

The Company recorded a negative provision for credit losses of $0.2 million for the quarter ended March 31, 2022, compared to a provision for credit losses of $0.8 million for the quarter ended December 31, 2021. Total net charge-offs for the first quarter of 2022 were $1.9 million compared to $2.1 million in the fourth quarter of 2021. The decrease was primarily driven by a decrease in net charge-offs of equipment financing and commercial loans of $0.1 million and $0.1 million, respectively. The ratio of net loan and lease charge-offs to average loans and leases on an annualized basis decreased to 11 basis points for the first quarter of 2022 from 12 basis points for the fourth quarter of 2021.

The allowance for loan and lease losses represented 1.32 percent of total loans and leases at March 31, 2022, compared to 1.38 percent at December 31, 2021, and 1.51 percent at March 31, 2021. Excluding PPP loans, the allowance for loan and lease losses represented 1.32 percent of total loans and leases at March 31, 2022 compared to 1.40 percent at December 31, 2021, and 1.65 percent at March 31, 2021.

ASSET QUALITY

The ratio of nonperforming loans and leases to total loans and leases was 0.35 percent at March 31, 2022, a decrease from 0.45 percent at December 31, 2021. Total nonaccrual loans and leases decreased $7.0 million to $25.5 million at March 31, 2022 from $32.5 million at December 31, 2021. The ratio of nonperforming assets to total assets was 0.31 percent at March 31, 2022, a decrease from 0.39 percent at December 31, 2021. Total nonperforming assets decreased $6.7 million to $26.5 million at March 31, 2022 from $33.2 million at December 31, 2021.

From March 1, 2020 through January 1, 2022, a financial institution may elect to suspend the requirements under accounting principles generally accepted in the U.S. for loan modifications related to the COVID-19 pandemic that would otherwise be categorized as a troubled debt restructured, including impairment accounting. This troubled debt restructuring relief applies for the term of the loan modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019. Financial institutions are required to maintain records of the volume of loans involved in modifications to which troubled debt restructuring relief is applicable. As of March 31, 2022, approximately 98 percent of loans granted an initial loan payment deferral have returned to payment status and 69 credits totaling $15.0 million, or 0.2 percent of total loans outstanding, are operating under modified terms.

NON-INTEREST EXPENSE

Non-interest expense for the quarter ended March 31, 2022 decreased $0.4 million to $42.5 million from $42.9 million for the quarter ended December 31, 2021. The decrease was primarily driven by a decrease of $1.7 million in compensation and employee benefits expense and a decrease of $0.4 million in other non-interest expense, partially offset by an increase of $0.7 million in occupancy expense, an increase of $0.5 million in equipment and data processing expense, an increase of $0.4 million in advertising and marketing expense, and an increase of $0.1 million in FDIC insurance expense.

PROVISION FOR INCOME TAXES

The effective tax rate was 25.2 percent for the three months ended March 31, 2022 compared to 25.9 percent for the three months ended December 31, 2021 and 24.9 percent for the three months ended March 31, 2021.

RETURNS ON AVERAGE ASSETS AND AVERAGE EQUITY

The annualized return on average assets decreased to 1.16 percent during the first quarter 2022 from 1.35 percent for the fourth quarter of 2021.

The annualized return on average stockholders' equity decreased to 9.91 percent during the first quarter of 2022 from 11.56 percent for the fourth quarter of 2021. The annualized return on average tangible stockholders’ equity decreased to 11.84 percent for the first quarter of 2022 from 13.84 percent for the fourth quarter of 2021.

DIVIDEND DECLARED

The Company’s Board of Directors approved a dividend of $0.130 per share for the quarter ended March 31, 2022, an increase of half a cent from the prior period. The dividend will be paid on May 27, 2022 to stockholders of record on May 13, 2022, representing an increase of 4.0 percent from the prior quarter.

CONFERENCE CALL

The Company will conduct a conference call/webcast at 1:30 PM Eastern Time on Thursday, April 28, 2022 to discuss the results for the quarter, business highlights and outlook. A copy of the Earnings Presentation is available on the Company’s website, www.brooklinebancorp.com. To listen to the call and view the Company’s Earnings Presentation, please join the call via https://services.choruscall.com/mediaframe/webcast.html?webcastid=tiHQ5cik. To listen to the call without access to the slides, interested parties may dial 844-200-6205 (United States) or 929-526-1599 (internationally) and ask for the Brookline Bancorp, Inc. conference call (Access Code 477488). A recorded playback of the call will be available for one week following the call on the Company’s website under “Investor Relations” or by dialing 866-813-9403 (United States) or 1-929-458-6194 (internationally) and entering the passcode: 051536.

ABOUT BROOKLINE BANCORP, INC.

Brookline Bancorp, Inc., a bank holding company with $8.6 billion in assets and branch locations in Massachusetts and Rhode Island, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank and Bank Rhode Island (the "banks"). The Company provides commercial and retail banking services, cash management and investment services to customers throughout Central New England. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: www.brooklinebank.com and www.bankri.com.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company’s business, credit quality, financial condition, liquidity and results of operations. Forward-looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company’s control. These included, but are not limited to, general business and economic conditions on a national basis and in the local markets in which the Company operates; changes in consumer behavior due to changing political business and economic conditions or legislative or regulatory initiatives; the possibility that future credit losses may be higher than currently expected; and turbulence in capital and debt markets. Forward-looking statements involve risks and uncertainties which are difficult to predict. The Company’s actual results could differ materially from those projected in the forward-looking statements as a result of, among others, the risks outlined in the Company’s Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

BASIS OF PRESENTATION

The Company's consolidated financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”) as set forth by the Financial Accounting Standards Board in its Accounting Standards Codification and through the rules and interpretive releases of the SEC under the authority of federal securities laws. Certain amounts previously reported have been reclassified to conform to the current period's presentation.

NON-GAAP FINANCIAL MEASURES

The Company uses certain non-GAAP financial measures, such as operating earnings, operating return on average assets, operating return on average tangible assets, operating return on average stockholders' equity, operating return on average tangible stockholders' equity, the allowance for loan and lease losses as a percentage of total loans and leases less PPP loans, tangible book value per common share, tangible stockholders’ equity to tangible assets, return on average tangible assets (annualized) and return on average tangible stockholders' equity (annualized). These non-GAAP financial measures provide information for investors to effectively analyze financial trends of ongoing business activities, and to enhance comparability with peers across the financial services sector. A detailed reconciliation table of the Company's GAAP to the non-GAAP measures is attached.

INVESTOR RELATIONS:

Contact:         
Carl M. Carlson
Brookline Bancorp, Inc.
Co-President and Chief Financial Officer
(617) 425-5331
ccarlson@brkl.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/4fad90dc-2014-4f33-8dff-96a2325e992c

Exhibit 99.2

April 28, 2022 1 1Q 2022 Financial Results

Forward Looking Statements 2 Certain statements contained in this presentation are not historical facts and may constitute forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward - looking statements in other documents we file with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate, ”assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regard the potential effects of the COVID - 19 pandemic on the Company’s business, credit quality, financial condition, liquidity and results of operations. Forward - looking statements involve risks and uncertainties. The Company’s actual results could differ materially from those projected in the forward - looking statements as a result of, among other factors, ongoing disruptions due to the COVID - 19 pandemic, general business and economic conditions on a national basis and in the local markets in which the Company operates; changes in consumer behavior due to changing political business and economic conditions or legislative or regulatory initiatives; the possibility that future credit losses may be higher than currently expected; reputational risk relating to the Company’s participation in the Paycheck Protection Program and other pandemic - related legislative and regulatory initiatives and programs; and turbulence in capital and debt markets; and the risks outlined in the Company’s Annual Report on Form 10 - K, as updated by its Quarterly Reports on Form 10 - Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward - looking statement to reflect circumstances or events that occur after the date the forward - looking statements are made.

x Core loans (excluding PPP) grew $122.4 million or 6.9% annualized. 3 x Deposits (excluding brokered) grew $94 million or 5.5% annualized. x Reported net interest margin of 3.49%. x Excluding impact of PPP, the margin was 3.44% an increase of 7 basis points over the prior quarter. x Q1 Efficiency ratio of 56.37%. x PPP loans declined $54 million during the quarter and ended March at $14 million. x Credit for credit losses of $164 thousand versus a provision for credit losses of $751 thousand in Q4. x The reserve for loan losses represents a coverage ratio of 132 basis points. x Credit quality continued to improve during the quarter. At quarter end, loans of $15 million had modifications under the CARES Act. Quarterly net income of $24.7 million and earnings per share of $0.32 Increase Quarterly Dividend 4% to $0.13

Summary Income Statement ▪ Net Income of $24.7 million or $0.32 ▪ Net interest income decreased $1.7 million due to a decline of $2.7 in revenues on PPP loans. The $1 million increase is due to higher loan volumes yields and lower funding costs. Fee income decreased $5.2 million from Q4 driven by lower derivative and loan participation volumes. ▪ Expenses decreased $422 thousand due to lower incentive costs partially offset by higher occupancy and marketing costs. $m, except per share amts 1Q22 4Q21 Δ %Δ 1Q21 Δ %Δ per share. Net interest income $ 69.8 $ 71.5 $ (1.7) - 2% $ 69.1 $ 0.7 1% Noninterest expense 42.5 42.9 (0.4) - 1% 40.8 1.7 4% Pretax, Preprov. Net Rev. 32.8 39.3 (6.5) - 17% 33.1 (0.3) - 1% Provision for credit losses (0.2) 0.8 (1.0) - 125% (2.1) 1.9 - 90% ▪ Pretax income 33.0 38.5 (5.5) - 14% 35.2 (2.2) - 6% Provision for taxes 8.3 10.0 (1.7) - 17% 8.7 (0.4) - 5% ▪ Pretax, Pre - provision net revenue decreased $6.5 million from the prior quarter. Return on Tangible Equity 11.84% 13.83% - 1.99% 13.51% - 1.67% Net Interest Margin 3.49% 3.52% - 0.03% 3.39% 0.10% Efficiency Ratio 56.37% 52.23% 4.14% 55.22% 1.15% ▪ The credit for credit losses was $164 thousand for the quarter driven by improving credit conditions. Net Income $ 24.7 $ 28.5 $ (3.8) - 13% $ 26.5 $ (1.8) - 7% EPS $ 0.32 $ 0.37 $ (0.05) - 14% $ 0.34 $ (0.02) - 6% Avg diluted shares (000s) 77,927 77,864 63 0% 78,404 (477) - 1% Noninterest income 5.5 10.7 (5.2) - 49% 4.8 0.7 15% Security gains (losses) - - - - - - - Total Revenue 75.3 82.2 (6.9) - 8% 73.9 1.4 2% Return on Assets 1.16% 1.35% - 0.19% 1.21% - 0.05% Linked Quarter (LQ) Year over Year (YoY) 4

Margin – Yields and Costs Estimated PPP Impact: 1Q22 Prior Quarter LQ Δ PPP Loans $ 40 $ 1.4 14.00% $ 120 $ 4.1 13.20% $ (80) $ (2.7) 0.80% Loans, excl. PPP 7,145 70.4 3.94% 6,955 69.5 4.00% 190 0.9 - 0.06% Earning Assets, excl. PPP 8,086 73.8 3.65% 7,934 72.9 3.68% 152 0.9 - 0.03% Net Interest Inc., excl. PPP 8,086 68.5 3.44% 7,934 67.4 3.37% 152 1.1 0.06% Estimated PPP Margin Impact 0.05% 0.15% - 0.09% Margin excluding PPP 3.44% 3.37% 0.07% 1Q22 Prior Quarter LQ Δ $ millions Avg Bal Interest Yield Avg Bal Interest Yield Avg Bal Interest Yield Loans $ 7,185 $ 71.8 4.00% $ 7,075 $ 73.6 4.16% $ 110 $ (1.8) - 0.16% Investments & earning cash 941 3.4 1.44% 979 3.4 1.38% (38) - 0.06% Interest Earning Assets $ 8, 12 6 $ 75.2 3.70% $ 8, 05 4 $ 77.0 3.82% $ 72 $ (1.8) - 0.12% Interest bearing deposits $ 5, 16 4 $ 3.8 0.30% $ 5, 10 3 $ 4.1 0.32% $ 61 $ (0.3) - 0.02% Borrowings 318 1.5 1.88% 273 1.4 2.05% 45 0.1 - 0.17% Interest Bearing Liabilities $ 5, 48 2 $ 5.3 0.39% $ 5, 37 6 $ 5.5 0.40% $ 10 6 $ (0.2) - 0.01% Net interest spread 3.31% 3.42% - 0.11% Net interest income, TEB / Margin $ 69.9 3.49% $ 71.5 3.52% $ (1.6) - 0.03% LESS: Tax Equivalent Basis (TEB) Adj. - - - Net Interest Income $ 69.9 $ 71.5 $ (1.6) 5

Summary Balance Sheet ▪ Loans increased $69 million in the quarter driven by solid core net loan growth. ▪ Allowance for Loan Losses declined $4 million due to improving credit PPP loans). ▪ Deposits increased $44 million as core deposits continued to grow. ▪ Borrowings increased $36 million to maintain liquidity targets. Cash & equivalents 293 328 (35) - 43% 131 162 124% environment and economic outlook. Intangibles 163 163 - 0% 163 - 0% Other assets 319 336 (17) - 20% 378 (59) - 16% ▪ ALLL coverage of 1.32% (excluding Stockholders' Equity 982 995 (13) - 5% 945 37 4% ▪ Stockholders’ Equity declined $13 Total Liabilities & Equity $ 8,634 $ 8,603 $ 31 1% $ 8,560 $ 943 11% million due to the accounting impact of marking to market TBV per share $ 10.56 $ 10.73 $ (0.17) - 6% $ 10.01 $ 0.55 5% securities classified as available for Actual shares outstanding (000) 77,622 77,613 9 0% 78,148 (526) - 1% sale. Tang. Equity / Tang. Assets 9.67% 9.87% - 0.20% 9.31% 0.36% Loans / Deposits 101.82% 101.48% 0.34% 105.84% - 4.02% ALLL / Gross Loans 1.32% 1.38% - 0.06% 1.51% - 0.19% ALLL / Loans excl PPP 1.32% 1.40% - 0.08% 1.65% - 0.33% Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 1Q22 4Q21 Δ %Δ annual. 1Q21 Δ %Δ Gross Loans, investment $ 7,223 $ 7,154 $ 69 4% $ 7,268 $ (45) - 1% Allowance for loan losses (95) (99) 4 - 16% (110) 15 - 14% Net Loans 7,128 7,055 73 4% 7,158 (30) 0% Securities 731 721 10 6% 730 1 0% Total Assets $ 8,634 $ 8,603 $ 31 1% $ 8,560 $ 74 1% Deposits $ 7,094 $ 7,050 $ 44 2% $ 6,867 $ 227 3% Borrowings 393 357 36 40% 546 (153) - 28% Reserve for unfunded loans 16 15 1 27% 14 2 14% Other Liabilities 149 186 (37) - 80% 188 (39) - 21% Total Liabilities 7,652 7,608 44 2% 7,615 37 0% 6

Loan and Deposit Composition 59% 9% 15% Loans 17% 27% 9% 13% 34% 15% 2% CRE C&I Equipment Consumer Deposits DDA NOW Savings MMkt CDs Brkd Demand deposits $ 1,903 $ 1,888 $ 15 3% 1,724 $ 179 10% NOW 628 604 24 16% 482 146 30% ITS Savings 967 916 51 22% 725 242 33% PO S Money market 2,432 2,358 74 13% 2,192 240 11% D E CDs 1,048 1,118 (70) - 25% 1,273 (225) - 18% Brokered deposits 116 166 (50) - 120% 471 (355) - 75% Total Deposits $ 7,094 $ 7,050 $ 44 2% $ 6,867 $ 227 3% $ millions 1Q22 4Q21 Δ %Δ an. 1Q21 Δ %Δ $ 4,235 679 14 1,108 1,187 $ 4,103 713 68 1,106 1,164 $ 132 13% (34) - 19% (54) - 318% 2 1% 23 8% CRE Commercial PPP Loans Equipment Finance Consumer Total Loans 3,790 650 605 1,070 1,153 $ 445 12% 29 4% (591) - 98% 38 4% 34 3% $ 7,223 $ 7,154 $ 69 4% $ 7,268 $ (45) - 1% Linked Quarter (LQ) Year over Year (YoY) LOANS ▪ Total loans increased $69 million driven by $122 million in core loan growth as PPP loans declined $54 million in the quarter. 7 ▪ Total deposits increased $44 million as brokered deposits declined $50 million. ▪ Solid growth in non - maturity accounts as customers continue to shift funds from CD products during the quarter. This trend will likely slow and perhaps reverse as rates increase.

SBA Guaranteed PPP Loans $54 million in SBA - PPP loan satisfactions in the quarter. Anticipate the remaining $ 14 million in SBA - PPP loans to be satisfied over time . As of March 31, 2022 there were $0.4 million in net deferred fees to be amortized into income. As of: 3/31/2022 * Fees, net of deferred costs, amortized over the life of the loan and accelerate on loan satisfaction. $ millions PPP Loans Outstanding 2 Year Brookline Bank $ 9.0 0.2 Bank Rhode Island $ 5.0 - Brookline Bancorp $ 14.0 0.2 ▪ ▪ 5 Year 8.8 5.0 13.8 ▪ # Loans (actual) 37 19 56 Avg Loan Size ($000) $243.2 $263.2 $250.0 Unamortized Fees * $ 0.3 $ 0.1 $ 0.4 2 Year - - - 5 Year 0.3 0.1 0.4 8

Customer and Community Support – Modified Loan Payments Commercial** Equipment Finance** 1,252 1,216 - - 0.0% 0.7% As of: 3/31/2022 Portfolio Current CARES Modifications $ millions 1Q22 # Loans Modified % of Port. CRE $ 3,547 3 $ 7 0.2% 66 8 Consumer 1,182 - - 0.0% Subtotal $ 7,197 69 $ 15 0.2% 0.0% 0.2% SBA - PPP Loans 14 - - Total Gross Loans $ 7,211 69 $ 15 ** Commercial and Equipment Finance includes Owner Occupied Commercial Real Estate. ▪ Only $15 million remains in loans modified under the CARES Act. 9 ▪ Loans previously modified are closely monitored to evaluate ongoing strength .

Capital Strength 10 ▪ As of March 31, 2022, the Company maintained capital well above regulatory “well capitalized” requirements. ▪ On November 15, 2021, the Company announced a $20 million stock buyback program authorizing management to repurchase stock through December 31, 2022. There have been no shares repurchased under this authorization as of March 31, 2022. preliminary estimates* Regulatory BASEL III Requirements Brookline Board Policy Limits Capital in Excess of "Well Capitalized" $ millions Mar - 22 Minimum "Well Capitalized" Policy Minimums Operating Targets Excess Ratio Excess Capital Tier 1 Common / RWA 11.9% ≥ 4.5% ≥ 6.5% ≥ 7.5% ≥ 8.0% 5.4% $ 387.0 Tier 1 / RWA 12.1% ≥ 6.0% ≥ 8.0% ≥ 9.0% ≥ 9.5% 4.1% $ 289.7 Total Risk Based Capital 14.3% ≥ 8.0% ≥ 10.0% ≥ 11.0% ≥ 11.5% 4.3% $ 310.4 Leverage Ratio 10.3% ≥ 5.0% ≥ 5.0% ≥ 5.5% ≥ 6.0% 5.3% $ 442.0 * Regulatory capital ratios are preliminary estimates and may differ from numbers calculated in final Regulatory filings.

Regular Dividends Per Share The Board of Directors announced a dividend of $0.13 per share payable May 27, 2022 to stockholders of record on May 13, 2022. 0.046 11 $0.096 $0.110 $0.210 $0.316 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.340 $0.355 $0.360 $0.360 $0.395 $0.440 $0.460 $0.480 $0.125 $0.130 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1'22 Q2'22

QUESTIONS Paul A. Perrault, Chairman and Chief Executive Officer Carl M. Carlson, Co - President and Chief Financial Officer Thank You. 12

APPENDIX 13

Non Performing Assets and Net Charge Offs 14 1Q22 4Q21 Δ 1Q21 Δ Non Performing Assets (NPAs), in milli ons CRE $ 8.3 $ 10.9 $ (2.6) $ 7.5 $ 0.8 C&I 13.1 17.4 (4.3) 19.0 (5.9) Consumer 4.1 4.2 (0.1) 4.5 (0.4) Total Non Performing Loans (NPLs) 25.5 32.5 (7.0) 31.0 (5.5) Other real estate owned - - - 5.3 (5.3) Other repossessed assets 1.0 0.7 0.3 1.1 (0.1) Total NPAs $ 26.5 $ 33.2 $ (6.7) $ 37.4 $ (10.9) NPLs / Total Loans 0.35% 0.45% - 0.10% 0.43% - 0.08% NPAs / Total Assets 0.31% 0.39% - 0.08% 0.44% - 0.13% Net Charge Offs (NCOs), in millions CRE loans $ - $ - $ - $ - $ - C&I loans 1.9 2.1 (0.2) 1.8 0.1 Consumer loans - - - - - Total Net Charge Offs $ 1.9 $ 2.1 $ (0.2) $ 1.8 $ 0.1 NCOs / Loans (annualized) 0.11% 0.12% - 0.01% 0.10% 0.01% Linked Quarter (LQ) Year over Year (YoY)

Major Loan Segments with Industry Breakdown $3,545 $1,253 $1,224 $1,187 1Q22 Loans outstanding ($millions) – Excludes PPP Loans Investment CRE 49% Commercial 17% Equipment Finance 17% Consumer 17% Perm Constr Total % Total % Total % Total % Food & Lodging Manufacturing Finance and Ins Wholesale Trade Professional RE Agents / Brokers Health Care / Social Construction Retail Arts, Entert., Rec Condo Trans./Warehousing Other Services $ 234 19% 153 12% 138 11% 85 7% 84 7% 129 10% 98 8% 39 3% 72 6% 72 6% 45 4% 18 1% 86 7% Residential Home Equity Other Consumer Purchase Mtge $ 804 68% 331 28% 44 4% 8 1% Total $ 1,187 100% - Apartment Retail Office Industrial Mixed Use 1 - 4 Family Hotel Land Other 313 $ 947 $ 67 $ 1,014 29% 545 9 554 16% 633 1 634 18% 483 8 491 14% 316 12 328 9% 7 15 22 1% 140 12 152 4% 12 12 0% 25 338 10% Total $ 3,384 $ 161 $ 3,545 100% Fitness - Macrolease 172 14% Eastern Funding Core Laundry $ 501 41% Grocery 42 3% Dry Cleaning 10 1% Restaurant 0 0% Car Wash 5 0% EF CRE 121 10% Other EF 32 3% Specialty Vehicle Tow Truck 161 13% Heavy Tow 64 5% FedEx 40 3% Trailer 19 2% Other Vehicle 57 5% Total $ 1,253 100% Total $ 1,224 100% Loans, excluding PPP SBA - PPP Loans Total Loans Outstanding $ 7,209 14 $ 7,223 Owner Occupied CRE included in Commercial and Equipment Finance 15

CRE – Loan to Value (LTV) 31% 42% 34% 34% 43% 3% 32% 31% 28% 51% 47% 61% 59% 44% 67% 47% 54% 29% 17% 11% 5% 6% 13% 30% 21% 15% 14% 0% 29% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Apartment Retail Office Medical Hotel Restaurant Other Exposures by LTV Industrial 50% and lower Mixed Use 50 - 70 70 - 80 80+ Non Owner Occupied CRE and Multifamily Exposures at March 31, 2022. 34% 51% 3% 12% 16 Overall 54% LTV

34% 49% 28% 24% 25% 56% 56% 21% 9% 9% 8% 2% 4% 1% 16% 6% 5% 7% 8% 9% 3% 18% 19% 20% 0% 10% 10% 15% 7% 17% 16% 19% 15% 17% 10% 4% 12% 4% 8% 12% 8% 22% 4% 3% 14% 19% 14% 28% 40% 22% 26% 15% 21% 3% 9% 2% 3% 4% 0% 2 0 % 0% 25% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Apartment Retail Office 2016 and Before Restaurant Other Non Owner Occupied CRE and Multifamily Exposures at March 31, 2022. Exposures by Year of Origination Industrial Mixed Use Medical Hotel 2017 2018 2019 2020 2021 2022 5 % CRE - Vintage 23 % 9 % 14 % 9 % 7 % 33 % 17

Consumer Loans – LTV / FICO 18 700+ 85% 650 - 699 9% 599 - 600 - 649 1% 1% N/A 4% 50% or less 32% 50% - 69% 36% 70% - 80% 29% 80%+ 3% 50% or less 36% 50% - 69% 29% 70% - 80% 33% 80%+ 2% Resid. 1 - 4 59% LTV Resid. 1 - 4 FICO Home Equity FICO 700+ 93% Home Equity 56% LTV 1Q22

Securities Portfolio ▪ Highly liquid, risk averse securities portfolio with moderate duration and minimal extension risk. The entire portfolio is classified as Available for Sale. ▪ The mark to market on the portfolio is recorded in Accumulated Comprehensive Other Income in Stockholders Equity. This had a negative impact on Tangible Book Value in the quarter of ($0.38) or (3.6%). 0.25% 0.11% 0.01% 0.16% 3.25% 3.25% 0.10% 0.05% 0.74% 1.74% 1.51% 1.26% 0.94% 0.50% 0.25% 3.50% 0.45% 0.29% 0.39% 0.09% 0.15% 2.34% 2.46% 2.34% Fed Funds (upper) Prime 1M LIBOR SOFR Ameribor 2Y Treasury 5Y Treasury 10Y Treasury 3/31/2021 6/30/2021 9/30/2021 12/31/2021 3/31/2022 $ in millions Current Par Book Value Fair Value Unreal. G/L Book Yield Duration U.S. Treasuries $ 334 $ 337 $ 320 $ (17) 1.45% 5.0 Agency Debentures 190 200 188 (12) 1.65% 4.7 Corp Bonds 22 22 22 0 2.53% 1.1 Agency MBS 181 183 176 (7) 2.08% 4.8 Agency CMO 25 25 24 (1) 1.81% 3.1 Other 1 1 0 (0) 1.97% 2.7 Total $ 753 $ 768 $ 731 $ (38) 1.70% 4.7 Agency 26% 19 CMO 3% MBS 24% UST 44% Corp 3% 1Q22

- 0.4% - 0.5% - 0.7% - 0.9% 2.0% 6.0% 6.8% - 0.6% 5.5% 5.0% 9.4% 2Q22 3Q22 4Q22 1Q23 - 25bps 12 Month Ramp Forward - Implied Rates +300bps Shock Interest Rate Risk 1Q 2022 Loan Originations – $550 Million Cumulative Net Interest Income at Risk by Quarter * * 03/31/2022 Flat Balance Sheet and 03/31/2022 starting rates, simulations approximate a 35% beta on total deposits. 7.8% Floating 38% Fixed 36% Adjustable 26% Floating 27% 20 Fixed 37% Adjustable 35% Loan Portfolio as of 3/31/2022 – $7.2 Billion

Key Economic Variables - CECL Select Economic Variables from the Moody’s Baseline Forecasts ▪ The Company uses Moody’s monthly forecasts as inputs into its models for estimated credit losses under CECL. ▪ The March Baseline forecast is mixed. GDP reflects lower growth with higher short term interest rates while unemployment rates are projected lower and commercial real estate valuations are improved. ▪ Due to the near term uncertainty surrounding the impact of the Omicron variant and the course of the COVID - 19 pandemic, the Company has maintained forecast weightings. 21 Scenarios: 4Q'21 CEC L - Baselin e 1Q'22 CEC L - Baselin e Change in Forecasts 2022 2023 2024 2022 2023 2024 2022 2023 2024 GDP 20,277 20,870 21,445 20,115 20,745 21,359 (162.0) (125.0) (86.0) Unemployment Rate 3.6 3.5 3.6 3.6 3.4 3.5 - (0.1) (0.1) Fed Fund Rate 0.2 1.0 2.0 0.5 1.5 2.3 0.3 0.5 0.3 10 Treasury 2.20 2.80 3.40 2.10 2.80 3.40 (0.10) - - CRE Price Index 339.2 366.1 392.4 361.0 394.7 423.3 21.8 28.6 30.9 Weightings of Moody's Forecast for CECL Model Moderate Recession (S3) Baseline Stronger Near Term Growth (S1) 1Q 2022 60% 40% 0% 4Q 2021 60% 40% 0% 3Q 2021 60% 40% 0% 2Q 2021 60% 40% 0% 1Q 2021 60% 40% 0% 4Q 2020 60% 40% 0% 3Q 2020 30% 40% 30% 2Q 2020 30% 40% 30% 1Q 2020 30% 40% 30%