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BHLB

Berkshire Hills Bancorp Inc.

$29.92

Earnings Summary

Revenue
$97.71Mn
Net Profits
$23.12Mn
Net Profit Margins
23.66%
PE Ratio
11.53

Highlights

Revenue:

Berkshire Hills Bancorp Inc.’s revenue jumped 0.31% since last year same period to $97.71Mn in the Q2 2022. On a quarterly growth basis, Berkshire Hills Bancorp Inc. has generated 8.88% jump in its revenue since last 3-months.

Net Profits:

Berkshire Hills Bancorp Inc.’s net profit jumped 6.84% since last year same period to $23.12Mn in the Q2 2022. On a quarterly growth basis, Berkshire Hills Bancorp Inc. has generated 14.45% jump in its net profits since last 3-months.

Net Profit Margins:

Berkshire Hills Bancorp Inc.’s net profit margin jumped 6.5% since last year same period to 23.66% in the Q2 2022. On a quarterly growth basis, Berkshire Hills Bancorp Inc. has generated 5.12% jump in its net profit margins since last 3-months.

PE Ratio:

Berkshire Hills Bancorp Inc.’s price-to-earnings ratio after this Q2 2022 earnings stands at 11.53.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Berkshire Hills Bancorp Inc. post its latest quarter earnings

EPS Estimate Current Quarter
0.59
EPS Estimate Current Year
0.59

Highlights

EPS Estimate Current Quarter:

Berkshire Hills Bancorp Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.59 - a 25.53% jump from last quarter’s estimates.

EPS Estimate Current Year:

Berkshire Hills Bancorp Inc.’s earning per share (EPS) estimates for the current year stand at 0.59.

Key Ratios

Key ratios of the Berkshire Hills Bancorp Inc. post its Q2 2022 earnings

Earning Per Share (EPS)
0.5
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.12
Dividend Per Share (DPS)
0.48

Highlights

Earning Per Share (EPS):

Berkshire Hills Bancorp Inc.’s earning per share (EPS) jumped 16.28% since last year same period to 0.5 in the Q2 2022. This indicates that the Berkshire Hills Bancorp Inc. has generated 16.28% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Berkshire Hills Bancorp Inc.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Berkshire Hills Bancorp Inc.’s return on equity (ROE) stands at 0.12.

Dividend Per Share (DPS):

Berkshire Hills Bancorp Inc. declared 0.48 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-10
0.4
0.42
5%
2022-06-30
0.47
0.5
6.38%

Company Information

Berkshire Hills Bancorp is the parent of Berkshire Bank, a 21st century community bank pursuing purpose driven performance based on its Be FIRST corporate responsibility culture. Headquartered in Boston, Berkshire operates 130 banking offices in seven Northeastern states, with approximately $12.9 billion in assets.

Organisation
Berkshire Hills Bancorp Inc.
Headquarters
Boston, Massachusetts, US
Employees
1.5K
Industry
Finance
CEO
Richard Marotta