Berkshire Hills Bancorp (BHLB) Reports Q1 EPS of $0.44, Core Earnings of $0.55

Berkshire Hills Bancorp (NYSE: BHLB) reported Q1 EPS of $0.44, $0.10 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $101.64 million versus the consensus estimate of $65.47 million.

FIRST QUARTER FINANCIAL HIGHLIGHTS (comparisons are to prior quarter unless otherwise stated):

• 34% increase in total net revenue
• 46% increase in fee income
• 15% annualized commercial loan growth
• 6% annualized total loan growth
• 2% annualized deposit growth
• 3.33% net interest margin, increased from 3.21% in the prior quarter
• 0.27% non-performing assets/assets
• 0.20% net loan charge-offs/average loans

For earnings history and earnings-related data on Berkshire Hills Bancorp (BHLB) click here.

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