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Loans at Berkshire Hills jump nearly 30% year over year

Berkshire Hills Bancorp Inc. on Oct. 17 reported third-quarter net income of $32.2 million, or 70 cents per share, up from net income of $22.9 million, or 57 cents per share, in the same quarter of the prior year.

The S&P Global Market Intelligence consensus mean estimate for third-quarter GAAP EPS was 70 cents.

Total loans rose 28% from the third quarter of 2017 and expanded 2% from the second quarter to $8.91 billion. Total deposits grew 29% from the third quarter of 2017 and lowered 1% from the linked quarter to $8.77 billion.