Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,264.51
    +392.96 (+0.63%)
     

  • CMC Crypto 200

    1,309.30
    +32.32 (+2.53%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Here's What Key Metrics Tell Us About Brookline (BRKL) Q1 Earnings

Zacks Equity Research
·2-min read

Brookline Bancorp (BRKL) reported $87.87 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 11.2%. EPS of $0.16 for the same period compares to $0.27 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $91.77 million, representing a surprise of -4.24%. The company delivered an EPS surprise of -27.27%, with the consensus EPS estimate being $0.22.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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.

ADVERTISEMENT

Here is how Brookline performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Interest Margin: 3.1% compared to the 3.1% average estimate based on three analysts.

  • Efficiency Ratio: 69.4% versus the three-analyst average estimate of 66.8%.

  • Average Balance - Total interest-earning assets: $10.75 billion versus $10.72 billion estimated by two analysts on average.

  • Net Interest Income: $81.59 million versus $82.99 million estimated by three analysts on average.

  • Total Non-Interest Income: $6.28 million compared to the $7.25 million average estimate based on three analysts.

  • Loan level derivative income, net: $0.44 million versus $0.65 million estimated by two analysts on average.

  • Deposit fees: $2.90 million versus the two-analyst average estimate of $2.95 million.

  • Other: $2.16 million versus $2.25 million estimated by two analysts on average.

View all Key Company Metrics for Brookline here>>>

Shares of Brookline have returned +1.3% over the past month versus the Zacks S&P 500 composite's -3% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Brookline Bancorp, Inc. (BRKL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research