Brookline Bancorp Earnings: Everything You Must Know Now

Brookline Bancorp, Inc. (NASDAQ:BRKL) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Brookline Bancorp, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 12.5% to $0.14 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Decreased 14.25% to $48.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Brookline Bancorp, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company met the mean analyst estimate of $0.14. It beat the average revenue estimate of $43.61 million.

Quoting Management: Paul Perrault, President and Chief Executive Officer of Brookline Bancorp, Inc., stated: “We are pleased to report increased earnings for the quarter and the successful completion of our three-phase systems conversions as of May 2013. Our already stellar asset quality continues to improve and our bankers continue to compete effectively in our markets, despite continued competitive pressures.”

Key Stats (on next page)…

Revenue decreased 11.72% from $54.94 million in the previous quarter. EPS were the same at $0.14 as the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.15 to a profit $0.14. For the current year, the average estimate has moved down from a profit of $0.56 to a profit of $0.54 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]