Berkshire Hills Q2 net income $24.0 million, $0.57 a share, up from Q1 loss
Berkshire Hills Bancorp reported second-quarter 2024 GAAP net income of $24.0 million, or $0.57 per share, compared with a net loss of $20.2 million in the first quarter, which included a loss on securities sales. Operating earnings were $23.2 million, or $0.55 per share, up 12% from $0.49 in the prior quarter and in line with $0.55 a year earlier. The results are a routine quarterly update and the company did not state numerical guidance in the filing.
Key points
- GAAP net income of $24.0 million, or $0.57 per share, versus a loss of $20.2 million, or $0.47 per share, in Q1 2024
- Operating earnings of $23.2 million, or $0.55 per share, up 12% linked quarter; net interest margin rose to 3.20%
- Total net revenue of $108.7 million, versus $55.5 million in Q1 2024, which included a $49.9 million loss on securities sales
- Chief Financial Officer Brett Brbovic was promoted from Chief Accounting Officer, per the earnings release
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.