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Berkshire Hills Bancorp Q1 2025 Earnings Report
Berkshire Hills Bancorp reported strong first quarter 2025 results with increased operating EPS, revenue growth, and improved efficiency.
Key Takeaways
Berkshire Hills Bancorp, Inc. reported strong first quarter 2025 results, with operating EPS increasing 22% year-over-year to $0.60. The company saw a 5% increase in operating revenue and a 6% decrease in operating non-interest expense year-over-year, leading to an improved efficiency ratio of 59.5%. Net interest margin increased to 3.24%, and credit quality remained strong with delinquent and non-performing loans at a nearly two-decade low.
Operating EPS increased 22% year-over-year to $0.60, reflecting revenue growth and improved efficiency.
Net interest margin increased by 10 basis points over the linked quarter to 3.24%.
The efficiency ratio improved to 59.5%, marking the best result in two years.
Delinquent and non-performing loans to total loans were at 0.42%, the lowest level in nearly two decades.
Berkshire Hills Bancorp
Berkshire Hills Bancorp
Berkshire Hills Bancorp Revenue by Segment
Revenue by Segment
Deposit related fees Revenue
CapyFin.comGain on SBA loans Revenue
CapyFin.comWealth management fees Revenue
CapyFin.comLoan related fees Revenue
CapyFin.comFair value adjustments on securities Revenue
CapyFin.comOther non-interest income Revenue
CapyFin.com Forward Guidance
The proposed merger with Brookline Bancorp, Inc. is expected to close in the second half of 2025, subject to regulatory and stockholder approvals. The company continues to focus on serving clients and advancing integration planning for the merger.
Positive Outlook
- Anticipated merger with Brookline Bancorp, Inc. is progressing.
- Continued focus on serving clients.
- Advancing integration planning for the merger.
- Community Comeback program exceeded its $5 billion goal.
- Recognized as one of the most trusted companies in America by Newsweek for the fourth consecutive year.
Challenges Ahead
- Potential for delays in completing the proposed transaction with Brookline.
- Risk of not obtaining necessary regulatory or stockholder approvals for the merger.
- Possibility of conditions imposed by approvals that could adversely affect the combined company.
- Impact of certain restrictions during the pendency of the proposed transaction on business opportunities.
- Potential adverse reactions or changes to business or employee relationships due to the merger announcement or completion.