Berkshire Hills Bancorp (BHLB) Tops Q3 EPS by 1c, Beats on Revenues

Berkshire Hills Bancorp (NYSE: BHLB) reported Q3 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $72 million versus the consensus estimate of $71.49 million.

BHLB reported third quarter 2017 net income of $22.9 million, or $0.57 per share and core earnings of $23.6 million, or $0.59 per share. Net income was up 40% year-over-year, while core earnings grew 35% due to the benefit of business expansion. Net income per share increased by 8%, while core EPS increased by 4%. Net income was impacted by net non-core charges related primarily to acquisitions. Core earnings related measures are non-GAAP measures that exclude these charges and other non-ordinary items.

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

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