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Compared to Estimates, Brookline (BRKL) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Brookline Bancorp (BRKL - Free Report) reported revenue of $89.36 million, down 0.3% over the same period last year. EPS came in at $0.23, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $88.67 million, representing a surprise of +0.78%. The company delivered an EPS surprise of +15.00%, with the consensus EPS estimate being $0.20.
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: 64.9% versus 66.4% estimated by three analysts on average.
Net Interest Margin: 3.1% versus 3% estimated by three analysts on average.
Average Balance - Total interest-earning assets: $10.79 billion versus $10.89 billion estimated by two analysts on average.
Net Interest Income: $83.01 million compared to the $77.76 million average estimate based on three analysts.
Total Non-Interest Income: $6.35 million compared to the $6.45 million average estimate based on three analysts.
Deposit fees: $2.35 million versus $2.79 million estimated by two analysts on average.
Other: $3.12 million versus the two-analyst average estimate of $2.39 million.
Shares of Brookline have returned +3% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Brookline (BRKL) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Brookline Bancorp (BRKL - Free Report) reported revenue of $89.36 million, down 0.3% over the same period last year. EPS came in at $0.23, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $88.67 million, representing a surprise of +0.78%. The company delivered an EPS surprise of +15.00%, with the consensus EPS estimate being $0.20.
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: 64.9% versus 66.4% estimated by three analysts on average.
- Net Interest Margin: 3.1% versus 3% estimated by three analysts on average.
- Average Balance - Total interest-earning assets: $10.79 billion versus $10.89 billion estimated by two analysts on average.
- Net Interest Income: $83.01 million compared to the $77.76 million average estimate based on three analysts.
- Total Non-Interest Income: $6.35 million compared to the $6.45 million average estimate based on three analysts.
- Deposit fees: $2.35 million versus $2.79 million estimated by two analysts on average.
- Other: $3.12 million versus the two-analyst average estimate of $2.39 million.
View all Key Company Metrics for Brookline here>>>Shares of Brookline have returned +3% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.