Brookline Bancorp (BRKL - Free Report) reported $91.5 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 16.1%. EPS of $0.26 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of +1.10% over the Zacks Consensus Estimate of $90.5 million. With the consensus EPS estimate being $0.27, the EPS surprise was -3.70%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 63.2% versus the two-analyst average estimate of 61.48%.
- Average balance-Total interest-earning assets: $10.60 billion versus the two-analyst average estimate of $10.53 billion.
- Net Interest Margin: 3.26% versus the two-analyst average estimate of 3.19%.
- Other income: $1.43 million compared to the $3.21 million average estimate based on two analysts.
- Net Interest Income: $86.04 million compared to the $83.72 million average estimate based on two analysts.
- Loan level derivative income, net: $0.36 million versus $1.40 million estimated by two analysts on average.
- Deposit fees: $2.87 million versus the two-analyst average estimate of $2.74 million.
- Total Non-Interest Income: $5.46 million compared to the $8.60 million average estimate based on two analysts.
View all Key Company Metrics for Brookline here>>>Shares of Brookline have returned +19.5% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Brookline Bancorp (BRKL - Free Report) reported $91.5 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 16.1%. EPS of $0.26 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of +1.10% over the Zacks Consensus Estimate of $90.5 million. With the consensus EPS estimate being $0.27, the EPS surprise was -3.70%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 63.2% versus the two-analyst average estimate of 61.48%.
- Average balance-Total interest-earning assets: $10.60 billion versus the two-analyst average estimate of $10.53 billion.
- Net Interest Margin: 3.26% versus the two-analyst average estimate of 3.19%.
- Other income: $1.43 million compared to the $3.21 million average estimate based on two analysts.
- Net Interest Income: $86.04 million compared to the $83.72 million average estimate based on two analysts.
- Loan level derivative income, net: $0.36 million versus $1.40 million estimated by two analysts on average.
- Deposit fees: $2.87 million versus the two-analyst average estimate of $2.74 million.
- Total Non-Interest Income: $5.46 million compared to the $8.60 million average estimate based on two analysts.
View all Key Company Metrics for Brookline here>>>Shares of Brookline have returned +19.5% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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