BRKL Earnings Prediction
The chart below shows how BRKL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BRKL sees a -3.76% change in stock price 10 days leading up to the earnings, and a -1.43% change 10 days following the report. On the earnings day itself, the stock moves by +0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
BRKL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
89.25M
1.05%
3.48%
Gross Margin
--
--
--
Operating Margin
30.47%
-5.78%
-1.77%
Net Margin
19.65%
-24.16%
-15.88%
EPS
0.20
-23.08%
-13.04%
No Data Available
BRKL Earnings Analysis
Brookline Bancorp Inc Corporation (BRKL.O) Earnings Conference Call
Positive
Q4 Net Income Improvement: Net income for the 4th quarter was $20,700,000, reflecting a slight improvement over Q3, with operating earnings per share of $0.23.
Deposit Base Growth: Customer deposits increased by $116,000,000, demonstrating strong growth in the deposit base.
Interest-Earning Assets Growth: Total average interest-earning assets grew by $146,000,000 on a linked quarter basis, contributing to a net interest income of $85,000,000, an increase of $2,000,000 from Q3.
Net Interest Margin Improvement: The net interest margin improved by 5 basis points to 312 basis points for the quarter, with expectations for continued improvement in the upcoming quarters.
Quarterly Dividend Approval: The Board approved maintaining a quarterly dividend of $0.135 per share, yielding approximately 4.5% on an annualized basis.
Negative
Operating Expenses Increase: Operating expenses increased by $2,400,000 to $60,300,000 in Q4 compared to $57,900,000 in Q3, primarily due to higher incentive and commission-related expenses.
Credit Loss Provision Decrease: The provision for credit losses was $4,000,000 for the quarter, a decrease of $700,000 from Q3, indicating potential concerns about future credit quality despite a lower provision.
Loan Portfolio Coupon Decline: The weighted average coupon on the core loan portfolio declined by 11 basis points to 5.92%, reflecting a decrease in loan yields as 23% of the portfolio repriced to lower rates.
Projected Loan Growth Slowdown: Loan growth is projected to be in the low single digits for 2025, with a continued runoff in commercial real estate loans, indicating a slowdown in lending activity.
Charge-Off in Equipment Finance: A $5,100,000 charge-off was recorded in the equipment finance sector, highlighting potential issues in asset quality and risk management.
BRKL FAQs
How does BRKL typically perform around its earnings report dates?
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BRKL Earning Call Sentiment
Earnings call transcript: Brookline Bancorp Q4 2024 misses EPS forecast
BRKL.O
1.62%Positive
The earnings call presents a mixed outlook. Positive aspects include improved net income and operating earnings per share, along with deposit growth and stable dividends. However, concerns arise from charge-offs, particularly in the industrial laundry sector, and management's lack of clarity on regulatory timelines. The Q&A revealed uncertainties regarding deposit rates and margin expansion. While financial performance shows some strength, the lack of guidance and potential risks in loan segments balance the sentiment, leading to a neutral prediction for the stock price movement over the next two weeks.
