Massachusetts lender Berkshire Hills Bancorp Inc. said fourth-quarter profits grew 10.1 percent, pumped by its takeover of Hartford’s Connecticut Bank and Trust Co. and other 2012 acquisitions.
For three months ended Dec. 31, the Pittsfield parent of Berkshire Bank said Tuesday its netted $9.3 million, or 39 cents per share, up from $8.5 million, or 36 cents a share, the same quarter
a year earlier.
For the full year, profits nearly doubled to $33.2 million, or $1.52 per share, from 2011’s net of $17.3 million, or 92 cents per share.
In 2012, Berkshire Bank finalized its $30 million acquisition of CBT, giving the lender its first beachhead in Connecticut.
