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Brookline (BRKL) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Brookline Bancorp (BRKL - Free Report) reported revenue of $89.58 million, up 5.6% over the same period last year. EPS came in at $0.26, compared to $0.40 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $91.54 million, representing a surprise of -2.14%. The company delivered an EPS surprise of -3.70%, with the consensus EPS estimate being $0.27.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brookline performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 64.4% versus the three-analyst average estimate of 61.5%.
Net Interest Margin: 3.2% versus the three-analyst average estimate of 3.2%.
Average Balance - Total interest-earning assets: $10.49 billion compared to the $10.70 billion average estimate based on two analysts.
Total Non-Interest Income: $5.51 million versus the three-analyst average estimate of $6.51 million.
Net Interest Income: $84.07 million versus the three-analyst average estimate of $85.92 million.
Loan level derivative income, net: $0.38 million versus $1 million estimated by two analysts on average.
Deposit fees: $3.02 million versus the two-analyst average estimate of $2.85 million.
Other: $1.24 million versus the two-analyst average estimate of $1.83 million.
Shares of Brookline have returned -4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Brookline (BRKL) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Brookline Bancorp (BRKL - Free Report) reported revenue of $89.58 million, up 5.6% over the same period last year. EPS came in at $0.26, compared to $0.40 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $91.54 million, representing a surprise of -2.14%. The company delivered an EPS surprise of -3.70%, with the consensus EPS estimate being $0.27.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brookline performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 64.4% versus the three-analyst average estimate of 61.5%.
- Net Interest Margin: 3.2% versus the three-analyst average estimate of 3.2%.
- Average Balance - Total interest-earning assets: $10.49 billion compared to the $10.70 billion average estimate based on two analysts.
- Total Non-Interest Income: $5.51 million versus the three-analyst average estimate of $6.51 million.
- Net Interest Income: $84.07 million versus the three-analyst average estimate of $85.92 million.
- Loan level derivative income, net: $0.38 million versus $1 million estimated by two analysts on average.
- Deposit fees: $3.02 million versus the two-analyst average estimate of $2.85 million.
- Other: $1.24 million versus the two-analyst average estimate of $1.83 million.
View all Key Company Metrics for Brookline here>>>Shares of Brookline have returned -4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.