Strong Financial Performance
Operating net income of $31.6 million, up 14% linked quarter and up 36% year-over-year. Operating earnings per share of $0.69, up 15% from first quarter and up 25% year-over-year.
Expense Management
Operating expenses of $67 million, down 2% linked quarter and down 7% year-over-year, leading to positive operating leverage of 5% linked quarter and 11% year-over-year.
Asset Quality and Balance Sheet Strength
Net charge-offs and nonperforming loans remained low at 14 basis points and 27 basis points of loans, respectively.
Digital Deposit Program Success
New digital deposit program delivered over $100 million of new deposits since inception earlier this year.
Merger of Equals with Brookline Bancorp
The transaction is expected to improve scale and profitability with estimated 40% and 23% accretion to Berkshire's 2026 consensus estimate on GAAP and cash basis, respectively.
Recognition and Awards
Berkshire Hills Bancorp was recognized by Time Magazine among the top-performing midsized U.S. companies in 2025.