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Sep 30, 2020
Berkshire Hills Bancorp Q3 2020 Earnings Report
Berkshire Hills Bancorp's third quarter results were announced, showing improved operating profitability due to higher revenues and lower expenses.
Key Takeaways
Berkshire Hills Bancorp reported a net income of $21 million, or $0.42 per share, for the third quarter of 2020. The non-GAAP measure of core earnings totaled $26 million, or $0.53 per share. The results benefited from higher revenue and lower expenses compared to the linked quarter.
Net income for the third quarter was $21 million, or $0.42 per share.
Non-GAAP core earnings were $26 million, or $0.53 per share.
Total assets decreased to $12.6 billion, primarily due to a decrease in total loans.
Operating results improved due to higher revenues and lower expenses.