2024-02-02 10:30:00 ET
Summary
- Berkshire Hills Bancorp has outperformed the S&P 500 by over 100% since mid-2020.
- The Q4 loss for BHLB was due to the sale of securities, but the bank's management expects a payback period of approximately three years.
- BHLB's net interest income is under pressure, but the bank remains profitable and expects improvement in 2024.
Introduction
I first discussed Berkshire Hills Bancorp, Inc. ( BHLB ) in August 2020 when the bank was still dealing with the fallout from the COVID pandemic. The total return since making that call is approximately 158%, outperforming the S&P 500 by in excess of 100% in the same period....
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BHLB: Surprise Q4 Loss Is Nothing To Worry About