Berkshire Hills Bancorp Shares Gain 10% Following Q4 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/BHLB'>Berkshire Hills Bancorp (NYSE:BHLB)</a> shares surged around 10% on Thursday after the company reported its Q4 results, with revenue coming in at $117.75 million, better than the Street estimate of $112.06 million. EPS was $0.64, in line with the Street expectations.</p>
<p>Quarterly results were solid, led by strong loan and deposit growth, good margin expansion, and decent expense trends. Credit trends were impacted by an isolated credit, and overall credit is manageable. </p>
<p>Reported loans increased 4.9% sequentially to $8.3 billion, with growth driven primarily by higher CRE, C&I, and residential mortgages. The reported margin expanded a strong 36 bps sequentially to 3.84%, with asset yields benefiting from rate tailwinds, while funding and deposit cost increases were more controlled. Net interest income increased 10.9% sequentially to $102.1 million.</p>

NYSE:BHLB