Berkshire Hills Bancorp (BHLB) Raises Quarterly Dividend 4.3% to $0.24; 3.2% Yield

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Go back to Berkshire Hills Bancorp (BHLB) Raises Quarterly Dividend 4.3% to $0.24; 3.2% Yield

Berkshire Hills Bancorp (BHLB) Reports In-Line Q4 EPS

January 27, 2020 4:20 PM EST

Berkshire Hills Bancorp (NYSE: BHLB) reported Q4 EPS of $0.70, in-line with the analyst estimate of $0.70. Revenue for the quarter came in at $114.7 million versus the consensus estimate of $95.9 million.

FOURTH QUARTER FINANCIAL HIGHLIGHTS

$0.51 GAAP EPS; $0.70 Core EPSGAAP ROA 0.78%; Core ROA 1.08%3.11% net interest margin53.7% efficiency ratio0.17% net loan charge-offs/average loans0.31% non-performing assets/assets

CEO Richard Marotta stated, "Berkshire's fourth quarter profitability measures were the best of the year. We completed the systems integration of acquired... More