Berkshire Hills Announces First Quarter Results
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Berkshire Hills Bancorp (BHLB) Tops Q1 EPS by 4c
April 28, 2021 5:03 PM EDTBerkshire Hills Bancorp (NYSE: BHLB) reported Q1 EPS of $0.26, $0.04 better than the analyst estimate of $0.22.
33% increase in total non-interest income excluding gains/(losses)13% decrease in GAAP income; 14% increase in adjusted income (non-GAAP measure)2.62% net interest margin, stable for last four quarters35% reduction in provision for credit losses on loans42% reduction in annualized net loan charge-offs to 0.51% of loans from 0.80%86% decrease in COVID-19 loan modifications compared to June 30, 202026% reduction in wholesale funding to 7% of assets$23.05 book value per share; $22.39 tangible book... More