Berkshire Hills Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

Beacon Financial

24/07/2025 14:32

Berkshire Hills Bancorp Inc BHLB.N reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended June 30, 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 59 cents per share. Wall Street expected results to range from 56 cents to 63 cents per share.

Revenue rose 3.8% to $91.92 million from a year ago; analysts expected $94.15 million.

Berkshire Hills Bancorp Inc's reported EPS for the quarter was 66 cents​.

The company reported quarterly net income of $30.37 million.

Berkshire Hills Bancorp Inc shares had risen by 4.8% this quarter and lost 7.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.9% 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 also "buy"

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

This summary was machine generated from LSEG data July 24 at 01:32 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
Jun. 30 2025
0.59
0.69
Beat
Mar. 31 2025
0.53
0.60
Beat
Dec. 31 2024
0.54
0.60
Beat
Sep. 30 2024
0.55
0.58
Beat