Berkshire Hills Bancorp, Inc. Reports Net Charge-Offs for the First Quarter of 2024
April 18, 2024 at 09:00 am EDT
Share
Berkshire Hills Bancorp, Inc. reported net charge-offs for the first quarter of 2024. For the quarter, the company reported net charge-offs of $4 million or 18 basis points of loans were down $400,000 linked quarter and down $2.9 million year-over-year.
Berkshire Hills Bancorp, Inc. is a holding company for Berkshire Bank (the Bank). The Bank provides commercial banking, retail banking, consumer lending, private banking and wealth management services. The Bank provides various loans, including commercial real estate, commercial and industrial loans, residential mortgages and consumer loans. The Bank originates commercial real estate loans on properties used for business purposes, such as retail, multifamily, office, healthcare, hospitality, industrial and manufacturing facilities. The Bank is engaged in prime home equity lending, following its conforming mortgage underwriting guidelines with streamlined verifications and documentation. The Bank offers fixed-rate and adjustable-rate residential mortgage loans. The Company's Wealth Management Group provides consultative investment management, trust administration, and financial planning to individuals, businesses, and institutions, with an emphasis on personal investment management.
BERKSHIRE HILLS BANCORP, INC. 
