Berkshire Hills Bancorp (BHLB) Q4 Earnings and Revenues Surpass Estimates

Core Viewpoint - Berkshire Hills Bancorp (BHLB) reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.54 per share, and showing an increase from $0.47 per share a year ago, indicating a positive earnings surprise of 11.11% [1] Financial Performance - The company achieved revenues of $110.02 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 5.19%, although this represents a decline from year-ago revenues of $125.48 million [2] - Over the last four quarters, Berkshire Hills has consistently surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - Berkshire Hills shares have increased by approximately 0.5% since the beginning of the year, underperforming compared to the S&P 500's gain of 2.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Earnings Estimate Revisions - The trend for earnings estimate revisions for Berkshire Hills is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $105.93 million, and for the current fiscal year, it is $2.47 on revenues of $552.54 million [7] Industry Context - The Financial - Savings and Loan industry, to which Berkshire Hills belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8]