Berkshire Hills (BHLB) Q2 2025 Earnings Transcript
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Berkshire Hills Bancorp (NYSE:BHLB) reported operating earnings growth of 14% from the first to the second quarter of 2025 and 36% year over year in the second quarter. This was driven by stronger net interest income and a sequential rise in net interest margin, attributed to deposit growth and lower reliance on FHLB borrowing. Management highlighted that expense reduction was broad-based. The bank's new digital deposit initiative drove notable deposit growth, contributing to reduced borrowing costs and reinforcing balance sheet strength. Asset quality remained resilient, with confirmed absence of rent-controlled loan exposure in the lending book.
Source Fool.com
