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Berkshire Hills: 4Q Earnings Snapshot

·1 min read

BOSTON (AP) _ Berkshire Hills Bancorp Inc. (BHLB) on Monday reported fourth-quarter profit of $15 million.

On a per-share basis, the Boston-based company said it had net income of 30 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The bank holding company posted revenue of $115.5 million in the period. Its adjusted revenue was $99 million.

For the year, the company reported a loss of $533 million, or $10.60 per share, swinging to a loss in the period. Revenue was reported as $383.1 million.

Berkshire Hills shares have risen 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.98, a decrease of 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHLB at https://www.zacks.com/ap/BHLB