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Berkshire Hills Bancorp: Q1 Earnings Insights

Berkshire Hills Bancorp (NYSE:BHLB) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM. Here’s…
byBenzinga Insights
April 20, 2023
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Berkshire Hills Bancorp (NYSE:BHLB) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM.

Here’s what investors need to know about the announcement.

Earnings

Berkshire Hills Bancorp missed estimated earnings by 3.08%, reporting an EPS of $0.63 versus an estimate of $0.65.

Revenue was up $28.47 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 2.48% drop in the share price the next day.

Here’s a look at Berkshire Hills Bancorp’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.63 0.59 0.47 0.40
EPS Actual 0.64 0.62 0.51 0.43
Revenue Estimate 97.44M 85.90M 74.07M 70.56M
Revenue Actual 102.09M 92.08M 81.36M 69.06M

To track all earnings releases for Berkshire Hills Bancorp visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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