Berkshire Hills Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

Beacon Financial

30/01/2025 14:32

* Berkshire Hills Bancorp Inc  BHLB.N  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 55 cents.  The mean expectation of six analysts
for the quarter was for earnings of 54 cents per share. Wall
Street expected results to range from 48 cents to 58 cents per
share.
    * Revenue fell 1.8% to $86.86 million from a year ago;
analysts
expected $87.33 million. 
    * Berkshire Hills Bancorp Inc's reported EPS for the quarter
was
46 cents​.
    * The company reported quarterly net income of $19.66
million.
    * Berkshire Hills Bancorp Inc shares had risen by 0.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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
 "hold."

Wall Street's median 12-month price target for Berkshire Hills
Bancorp Inc is $34.25 
This summary was machine generated from LSEG data January 30 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.54           0.60           Beat
 Sep. 30 2024      0.55           0.58           Beat
 Jun. 30 2024      0.52           0.55           Beat
 Mar. 31 2024      0.47           0.49           Beat