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Sep 30, 2023
Berkshire Hills Bancorp Q3 2023 Earnings Report
Berkshire Hills Bancorp reported net income and operating earnings for Q3 2023.
Key Takeaways
Berkshire Hills Bancorp reported a net income of $20 million, or $0.45 earnings per share, and operating income of $22 million, or $0.50 per share, for the third quarter of 2023. The company experienced modest balance sheet growth and maintained strong asset quality, liquidity, and capital levels.
Net income was reported at $20 million, or $0.45 earnings per share.
Operating income was reported at $22 million, or $0.50 per share.
Net interest margin decreased by 6 basis points to 3.18 percent.
Operating non-interest income increased 2 percent quarter-over-quarter.
Berkshire Hills Bancorp
Berkshire Hills Bancorp
Forward Guidance
Berkshire Hills Bancorp will conduct a conference call/webcast at 9:00 a.m. eastern time on Friday, October 20, 2023 to discuss results for the quarter and provide guidance about expected future results.