Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,744.06
    +1,751.36 (+3.57%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

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