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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