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Jun 30, 2022
Berkshire Hills Bancorp Q2 2022 Earnings Report
Earnings per share increased by 19% to $0.50 from the prior quarter.
Key Takeaways
Berkshire Hills Bancorp reported a strong second quarter in 2022, driven by loan growth, higher asset yields, and stable funding costs. Earnings per share increased by 19% quarter-over-quarter, reflecting positive operating leverage from revenue growth and stable expenses.
Earnings per share increased by 19% to $0.50 from $0.42 in the prior quarter.
Adjusted EPS also increased by 19% to $0.51 from $0.43.
Net interest income increased by 18% compared to the prior quarter.
The net interest margin increased to 3.11% from 2.61%.
Berkshire Hills Bancorp
Berkshire Hills Bancorp
Forward Guidance
Berkshire will conduct a conference call/webcast at 10:00 a.m. eastern time on Wednesday, July 20, 2022 to discuss results for the quarter and provide guidance about expected future results.