Berkshire Hills Bancorp (BHLB) Tops Q2 EPS by 4c
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Berkshire Hills Reports 19% Increase in Quarterly Earnings Per Share
July 20, 2022 7:30 AM EDTBOSTON, July 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that second quarter 2022 earnings per share (EPS) increased by 19% to $0.50 from $0.42 in the prior quarter. The non-GAAP measure of adjusted EPS also increased by 19% to $0.51 from $0.43. The improvement was due to loan growth and higher asset yields, while funding and operating costs were essentially flat. Compared to the second quarter of 2021, EPS improved by 16% and adjusted EPS increased by 17%.
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