Berkshire Hills Bancorp Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St.
03-06

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).

BHLB Banking Performance Indicators

  • Net interest margin (NIM): 3.16% (down from 3.27% in FY 2023).
  • Cost-to-income ratio: 63.9% (no change from 63.9% in FY 2023).
  • Non-performing loans: 0.26% (up from 0.24% in FY 2023).
NYSE:BHLB Revenue and Expenses Breakdown March 6th 2025

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

Berkshire Hills Bancorp EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%.

In the last 12 months, the only revenue segment was Banking contributing US$376.0m. The largest operating expense was General & Administrative costs, amounting to US$250.0m (79% of total expenses). Explore how BHLB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Berkshire Hills Bancorp that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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