Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q3 2023 Earnings Call Transcript

Greg Lindenmuth: And if I could just jump in for a second. So I really think Nitin’s comments were in response to Dave’s question. The — as a relative newcomer here, I would just say that the balance sheet isn’t necessarily in need of derisking. I wouldn’t brought that impression out there that we feel we need to derisk our balance sheet. I see — and I — look, Laurie, I think this was before you started recovering us. So I probably said it in my first conference call, if I remember correctly, my initial impressions and still my impression, as I get to understand the Company better is we have a really strong credit process, very well developed, especially when I think about the size of the organization, the reporting, the quality of the discussions around the risk that we have, the risk that we take and manage.

So, yes, there’s a few portfolios that are in runoff mode, but they’re not necessarily in runoff mode because of credit per se. And those are a very small component of the loan portfolio. When you think about C&I portfolio, the ABL portfolio, our residential mortgage portfolio, our commercial real estate portfolios where the big numbers are, the point I’m trying to convey is we have very solid risk management practices around the core of the business.

Operator: There are no further questions at this time. Please proceed.

Nitin Mhatre: Thank you all for joining the call today and for your interest in Berkshire Bank. Have a good one.

Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you disconnect your lines.