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Berkshire Hills Turns To Q4 Profit

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Berkshire Hills Bancorp, Inc. (BHLB) Thursday reported net income of $19.66 million or $0.46 per share for the fourth quarter, compared with net loss of $1.45 million or $0.03 per share in the same quarter a year ago.

Operating net income increased to $25.98 million, or $0.60 per share from $20.19 million or $0.47 per share last year.

Net interest income, fully taxable equivalent, decreased to $88.79 million from $90.44 million a year ago.

Provision for credit losses was $6 million, down from $7 million in the prior year.

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