Berkshire Hills Bancorp Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-25

Berkshire Hills Bancorp (NYSE:BHLB) Third Quarter 2024 ResultsKey Financial Results Revenue: US$120.1m (up 20% from 3Q 2023). Net income: US$37.5m (up 92% from 3Q 2023). Profit margin: 31% (up from ...

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Net income: US$37.5m (up 92% from 3Q 2023). Profit margin: 31% (up from ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/banks/nyse-bhlb/berkshire-hills-bancorp/news/berkshire-hills-bancorp-third-quarter-2024-earnings-beats-ex\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRK.A","symbol_name":"伯克希尔","start_time":0,"source_url":"https://simplywall.st/stocks/us/banks/nyse-bhlb/berkshire-hills-bancorp/news/berkshire-hills-bancorp-third-quarter-2024-earnings-beats-ex","article_id":"2478595916","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7013000-choice1-main-header/1585186561056"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478595916","pubTimestamp":1729859712,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Berkshire Hills Bancorp ( NYSE:BHLB ) Third Quarter 2024 Results Key Financial Results Revenue: US$120.1m (up 20% from...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BRK.A":"伯克希尔","BHLB":"Berkshire Hills Bancorp"},"translate_title":"伯克希尔山银行2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHLB":1,"BRK.A":1},"content_text":"Berkshire Hills Bancorp (NYSE:BHLB) Third Quarter 2024 ResultsKey Financial Results Revenue: US$120.1m (up 20% from 3Q 2023). Net income: US$37.5m (up 92% from 3Q 2023). Profit margin: 31% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue. EPS: US$0.89 (up from US$0.45 in 3Q 2023).  NYSE:BHLB Earnings and Revenue Growth October 25th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Berkshire Hills Bancorp Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 14%.  Earnings per share (EPS) also surpassed analyst estimates by 15%.      Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.    Performance of the American Banks industry.  The company's shares are down 3.7% from a week ago.   Risk Analysis We should say that we've discovered 2 warning signs for Berkshire Hills Bancorp that you should be aware of before investing here. Valuation is complex, but we're here to simplify it.Discover if Berkshire Hills Bancorp might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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. 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