BHLB Earnings Prediction
The chart below shows how BHLB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BHLB sees a -2.12% change in stock price 10 days leading up to the earnings, and a +2.17% change 10 days following the report. On the earnings day itself, the stock moves by -0.84%. This data can give you a slight idea of what to expect for the next quarter's release.
BHLB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
102.00M
31.81%
-0.90%
Gross Margin
--
--
--
Operating Margin
32.32%
1203.07%
4.60%
Net Margin
19.27%
1130.48%
-47.12%
EPS
0.46
1633.33%
-47.73%
No Data Available
BHLB Earnings Analysis
Berkshire Hills Bancorp Inc Corporation (BHLB.N) Earnings Conference Call
Positive
EPS Growth Analysis: Operating EPS of $0.60 was up 3% linked quarter and up 28% year over year.
Operating Net Income Increase: Operating net income of $26,000,000 was up 5% linked quarter and up 29% year over year.
Operating ROTCE Increase: Operating ROTCE was 9.93%, up 2 basis points linked quarter and up 103 basis points year over year.
Deposit and Funding Cost Reduction: Total deposit costs were down 12 basis points linked quarter and total funding costs were down 17 basis points linked quarter.
Tangible Book Value Increase: Tangible book value per share was $24.82, increasing 1% linked quarter and 9% year over year.
Negative
Net Interest Income Decline: Net interest income decreased by 1% linked quarter and 2% year over year, indicating a decline in revenue generation from interest-bearing assets.
Deposit Decline Challenges: Average deposits were down 3% year over year, primarily due to the sale of New York branches, reflecting challenges in maintaining deposit levels.
Consumer Portfolio Sale Impact: The Upstart consumer portfolio was sold for $47 million, contributing to a significant year-over-year decline of 71% in combined runoff portfolios, indicating potential issues in consumer lending.
Operating Expenses Analysis: Operating expenses, while down 2% linked quarter, still reflect a year-over-year decrease of only 6%, suggesting limited cost management effectiveness in a challenging environment.
Credit Quality Concerns: The company anticipates a normalized charge-off rate of around 20 basis points, which may indicate underlying credit quality concerns despite recent improvements.
BHLB FAQs
How does BHLB typically perform around its earnings report dates?
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BHLB Earning Call Sentiment
Earnings call transcript: Berkshire Hills Bancorp Q4 2024 earnings beat expectations
BHLB.N
-0.11%Positive
The earnings call reflects a mix of positive and negative elements. Positive factors include strong operating EPS growth, increased fee revenues, and improved credit quality. However, concerns about regulatory risks, economic uncertainties, and operational risks due to ongoing changes balance these positives. The cautious outlook on revenue and expenses, along with a halt in share repurchases, further tempers enthusiasm. Given these mixed signals and the absence of a market cap, a neutral sentiment is appropriate, suggesting limited stock price movement in the short term.
