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Berkshire Hills Reports Fourth Quarter 2023 Results
BHLBBerkshire Hills Bancorp(BHLB) Prnewswire·2024-01-25 12:30

Announces 40MillionShareRepurchaseAuthorizationFourthquarterlossof40 Million Share Repurchase Authorization Fourth quarter loss of 1 million, (0.03)pershare;operatingincomeof0.03) per share; operating income of 20 million, 0.47pershare0.47 per share 267 million securities sale resulting in 25.1millionpretaxnonoperatinglossNetloanchargeoffsandnonperformingassetsdecreased1825.1 million pre-tax non-operating loss Net loan charge-offs and non-performing assets decreased 18% linked quarter TCE ratio of 8.0% and CET1 ratio of 12.0% Tangible book value per share of 22.82, up $1.57, or 7%, in the quarter BOSTON, Jan. 25, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ...