Berkshire Hills' Q2 operating EPS up 25%, margin improves

Beacon Financial

24/07/2025 12:45

Overview

Berkshire Hills Q2 operating EPS rises 15% sequentially, 25% yr/yr

Company's net interest margin improves, non-interest expenses decrease

Berkshire preparing merger with Brookline Bancorp, boosting Northeast presence

Outlook

Company expects merger with Brookline Bancorp to close in 2025

Berkshire Hills sees transformative merger boosting financial institution in Northeast

Result Drivers

NET INTEREST INCOME - Increased 2% linked quarter, driven by loan growth and lower deposit costs, per CFO Brett Brbovic

NON-INTEREST EXPENSES - Decreased 2% linked quarter and 7% year-over-year, contributing to improved efficiency

LOAN GROWTH - Total loans increased 1% linked quarter, primarily in commercial and industrial loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.66
Q2 Credit Loss Provision
$4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Berkshire Hills Bancorp Inc is $30.98, about 15.3% above its July 23 closing price of $26.23

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn3v2WZKa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)