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)…