Berkshire Hills Bancorp (BHLB) Tops Q2 EPS by 6c

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Go back to Berkshire Hills Bancorp (BHLB) Tops Q2 EPS by 6c

Berkshire Hills Announces Second Quarter Results

July 29, 2020 4:15 PM EDT

BOSTON, July 29, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported a second quarter loss due to non-cash charges related to goodwill impairment and the provision for credit losses, both stemming from the COVID-19 pandemic.   These charges had no material impact on cash flow, liquidity, or regulatory capital.  Berkshire generated positive cash earnings before these charges and the Bank continued to strengthen its regulatory capital ratios and liquidity while growing its loans and deposits. 

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