Berkshire Hills Bancorp Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Berkshire Hills Bancorp (NYSE:BHLB) Full Year 2024 Results

Key Financial Results

• Revenue: US$376.0m (down 1.0% from FY 2023).
• Net income: US$61.0m (down 12% from FY 2023).
• Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.44 (down from US$1.61 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Berkshire Hills Bancorp Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Berkshire Hills Bancorp you should be aware of.

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