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Dec 31, 2022
Berkshire Hills Bancorp Q4 2022 Earnings Report
Berkshire Hills Bancorp reported a record fourth quarter with increased earnings per share and revenue.
Key Takeaways
Berkshire Hills Bancorp reported a record fourth quarter in 2022, with EPS increasing by 64% year-over-year to $0.69 and adjusted EPS increasing by 52% to $0.64. Revenue increased by 30% year-over-year, driven by net interest income growth. The company's balance sheet remained strong, and it increased its quarterly shareholder dividend by 50% and repurchased 2% of shares.
EPS increased by 64% year-over-year to a record $0.69 in Q4 2022.
Adjusted EPS increased by 52% to $0.64.
Revenue increased by 30% year-over-year, driven by net interest income.
Quarterly shareholder dividend increased by 50% and 2% of shares were repurchased.
Forward Guidance
Berkshire Hills Bancorp will conduct a conference call/webcast at 10:00 a.m. eastern time on Thursday, January 26, 2023 to discuss results for the quarter and provide guidance about expected future results.
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