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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 126M | 15.6% |
| Gross Profit | 48M | 54.2% |
| Cost of Revenue | 77M | 0% |
| Operating expense | -3.4M | 125.6% |
| Net Income | 38M | 56.1% |
| EBITDA | 38M | 61.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 11.6B | 5% |
| Total Liabilities | 10.5B | 6% |
| Total Equity | 1.07B | 5.7% |
| Shares Outstanding | 43M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 47M | 34.9% |
| Cash from investing | -306M | 69.8% |
| Cash from financing | -271M | 619.1% |
EPS
Financial Highlights for Berkshire Hills Bancorp in Q3 '24
Berkshire Hills Bancorp reported a revenue of 126M, which is a 15.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 48M, marking a 54.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 77M, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were -3.4M, showing a -125.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 38M, showing a 56.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 38M, showing a -61.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Berkshire Hills Bancorp with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
