Berkshire Hills Bancorp Inc (NYSE: BHLB ) on Friday reported third-quarter earnings for 2023, posting a net income of $20 million, or $0.45 per share, and an operating income of $22 million, or $0.50 per share. Despite a challenging interest rate environment and industry disruption, the company demonstrated resilience with increased year-to-date net income and operating earnings. The bank's net interest income stood at $90.3 million, while non-interest income was recorded at $17.5 million. However, there was a linked-quarter decrease in operating earnings by $2.4 million and a net interest margin decrease by 6 basis points to 3.18 percent. The average earning assets saw a decrease of 2%, while the operating non-interest expense remained flat. In response to these challenges, Berkshire Hills Bancorp maintained strong liquidity and capital levels, continued its expense optimization strategy, and increased talent recruitment. The bank also welcomed Mary Anne Callahan to its Board of Directors.