Berkshire Hills Bancorp Key Executives
This section highlights Berkshire Hills Bancorp's key executives, including their titles and compensation details.
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Berkshire Hills Bancorp Earnings
This section highlights Berkshire Hills Bancorp's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2025 | 2025-04-24 | $0.54 | $0.60 |
| Read Transcript | Q4 | 2024 | 2025-01-30 | $0.54 | $0.60 |
| Read Transcript | Q3 | 2024 | 2024-10-24 | $0.54 | $0.58 |
| Read Transcript | Q2 | 2024 | 2024-07-18 | $0.52 | $0.55 |
| Read Transcript | Q1 | 2024 | 2024-04-18 | $0.47 | $0.49 |
| Read Transcript | Q4 | 2023 | 2024-01-25 | $0.50 | $0.47 |
| Read Transcript | Q3 | 2023 | 2023-10-20 | $0.49 | $0.45 |
| Read Transcript | Q2 | 2023 | 2023-07-20 | $0.57 | $0.55 |
| Read Transcript | Q1 | 2023 | 2023-04-20 | $0.65 | $0.63 |
Financial Statements
Access annual & quarterly financial statements for Berkshire Hills Bancorp, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $613.94M | $576.30M | $402.53M | $381.47M | $381.85M |
| Cost of Revenue | $175.36M | $253.35M | $241.78M | $- | $- |
| Gross Profit | $438.58M | $322.94M | $160.76M | $381.47M | $381.85M |
| Gross Profit Ratio | 71.44% | 56.04% | 39.94% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $167.85M | $53.52M | $152.74M | $154.35M | $153.72M |
| Selling and Marketing Expenses | $4.52M | $5.38M | $5.10M | $2.75M | $3.70M |
| Selling General and Administrative Expenses | $172.37M | $5.38M | $3.70M | $157.10M | $157.42M |
| Other Expenses | $-167.85M | $- | $- | $- | $- |
| Operating Expenses | $4.52M | $253.90M | $5.10M | $244.78M | $239.17M |
| Cost and Expenses | $179.88M | $253.90M | $245.48M | $244.78M | $239.17M |
| Interest Income | $613.94M | $576.30M | $387.26M | $329.06M | $409.78M |
| Interest Expense | $262.35M | $207.25M | $42.66M | $37.90M | $93.00M |
| Depreciation and Amortization | $92.19M | $13.27M | $14.71M | $16.23M | $18.10M |
| EBITDA | $434.06M | $- | $- | $118.66M | $-514.93M |
| EBITDA Ratio | 70.70% | 0.00% | 0.00% | 31.11% | -134.85% |
| Operating Income | $434.06M | $317.57M | $159.42M | $149.02M | $-513.17M |
| Operating Income Ratio | 70.70% | 55.10% | 39.60% | 39.06% | -134.39% |
| Total Other Income Expenses Net | $-354.54M | $-239.25M | $-45.60M | $- | $-19.85M |
| Income Before Tax | $79.52M | $78.32M | $113.82M | $149.02M | $-533.03M |
| Income Before Tax Ratio | 12.95% | 13.59% | 28.28% | 39.06% | -139.59% |
| Income Tax Expense | $18.51M | $8.72M | $21.29M | $30.36M | $-19.85M |
| Net Income | $61.00M | $69.60M | $92.53M | $118.66M | $-533.02M |
| Net Income Ratio | 9.94% | 12.08% | 22.99% | 31.11% | -139.59% |
| EPS | $1.44 | $1.61 | $2.03 | $2.41 | $-10.60 |
| EPS Diluted | $1.43 | $1.60 | $2.02 | $2.39 | $-10.21 |
| Weighted Average Shares Outstanding | 42.51M | 43.29M | 45.56M | 49.24M | 50.27M |
| Weighted Average Shares Outstanding Diluted | 42.76M | 43.50M | 45.91M | 49.55M | 50.27M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109.99M | $109.57M | $108.67M | $55.54M | $142.15M | $107.80M | $109.85M | $105.14M | $117.75M | $108.33M | $97.71M | $89.74M | $37.26M | $93.12M | $97.40M | $101.29M | $97.80M | $97.02M | $94.97M | $92.06M |
| Cost of Revenue | $- | $51.27M | $52.09M | $53.31M | $127.83M | $- | $63.13M | $-9.00M | $55.73M | $61.43M | $60.10M | $60.09M | $-52.41M | $93.28M | $97.89M | $101.32M | $- | $- | $- | $101.79M |
| Gross Profit | $109.99M | $58.29M | $56.58M | $2.23M | $14.33M | $107.80M | $46.73M | $114.14M | $62.02M | $46.91M | $37.61M | $29.65M | $89.66M | $-166.00K | $-484.00K | $-31.00K | $97.80M | $97.02M | $94.97M | $-9.73M |
| Gross Profit Ratio | 100.00% | 53.20% | 52.07% | 4.01% | 10.08% | 100.00% | 42.54% | 108.56% | 52.67% | 43.30% | 38.49% | 33.04% | 240.66% | -0.18% | -0.50% | -0.03% | 100.00% | 100.00% | 100.00% | -10.57% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $46.32M | $40.66M | $41.97M | $40.73M | $41.95M | $40.16M | $39.96M | $39.07M | $12.88M | $39.90M | $38.49M | $38.51M | $46.41M | $45.47M | $45.18M | $47.33M | $45.92M | $44.87M | $48.82M | $46.47M |
| Selling and Marketing Expenses | $2.01M | $861.00K | $532.00K | $1.12M | $1.11M | $1.55M | $1.51M | $1.21M | $1.23M | $1.29M | $1.47M | $1.11M | $776.00K | $860.00K | $518.00K | $595.00K | $634.00K | $1.00M | $902.00K | $1.17M |
| Selling General and Administrative Expenses | $48.34M | $41.52M | $42.51M | $41.85M | $43.06M | $41.71M | $43.30M | $40.28M | $14.32M | $41.19M | $39.96M | $39.62M | $48.10M | $47.13M | $46.63M | $47.33M | $46.56M | $45.87M | $49.72M | $47.64M |
| Other Expenses | $61.65M | $68.04M | $-23.12M | $-22.97M | $-26.66M | $- | $-25.51M | $- | $-14.32M | $- | $- | $- | $- | $-47.13M | $-46.63M | $- | $- | $- | $-49.72M | $-23.26M |
| Operating Expenses | $109.99M | $109.57M | $63.56M | $22.97M | $64.50M | $63.56M | $1.51M | $1.21M | $3.81M | $1.29M | $1.47M | $1.11M | $59.29M | $-1.43M | $-6.00K | $-3.49M | $-143.22M | $58.00M | $60.82M | $71.33M |
| Cost and Expenses | $109.99M | $109.57M | $63.56M | $63.13M | $148.11M | $63.56M | $65.27M | $63.61M | $61.51M | $62.72M | $60.26M | $59.92M | $59.29M | $91.86M | $97.88M | $97.83M | $60.34M | $59.20M | $60.82M | $173.12M |
| Interest Income | $150.56M | $157.27M | $154.11M | $152.01M | $150.54M | $148.02M | $145.43M | $132.32M | $121.38M | $103.67M | $87.38M | $74.82M | $75.86M | $79.69M | $85.36M | $88.15M | $92.13M | $97.77M | $103.69M | $116.19M |
| Interest Expense | $63.70M | $69.21M | $65.58M | $63.87M | $62.12M | $57.69M | $52.67M | $34.78M | $19.29M | $11.59M | $6.02M | $5.76M | $6.55M | $8.32M | $9.97M | $13.06M | $16.42M | $20.71M | $26.10M | $29.77M |
| Depreciation and Amortization | $2.69M | $2.81M | $2.94M | $3.14M | $3.25M | $3.28M | $3.31M | $3.43M | $3.60M | $3.63M | $3.71M | $3.77M | $3.92M | $4.07M | $4.09M | $4.16M | $4.49M | $4.57M | $4.79M | $4.26M |
| EBITDA | $- | $50.96M | $34.17M | $-23.34M | $- | $26.57M | $31.21M | $68.70M | $39.33M | $40.95M | $25.81M | $- | $28.23M | $53.14M | $- | $- | $- | $- | $- | $- |
| EBITDA Ratio | 0.00% | 46.51% | 31.45% | -42.01% | 0.00% | 24.65% | 28.41% | 65.35% | 33.40% | 37.80% | 26.41% | 0.00% | 75.77% | 57.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | $- | $32.11M | $33.84M | $-19.81M | $789.00K | $36.24M | $27.80M | $64.54M | $55.02M | $33.99M | $37.45M | $30.95M | $30.86M | $53.14M | $-478.00K | $3.46M | $28.69M | $37.82M | $- | $-2.75M |
| Operating Income Ratio | 0.00% | 29.30% | 31.14% | -35.67% | 0.56% | 33.62% | 25.31% | 61.38% | 46.73% | 31.37% | 38.32% | 34.49% | 82.84% | 57.07% | -0.49% | 3.41% | 29.34% | 38.98% | 0.00% | -2.99% |
| Total Other Income Expenses Net | $26.61M | $16.05M | $-2.60M | $-6.67M | $-6.74M | $-12.95M | $- | $-31.36M | $-19.29M | $-10.33M | $-8.21M | $-5.76M | $-6.55M | $26.40M | $29.01M | $13.18M | $-11.45M | $-14.84M | $-559.17M | $-11.32M |
| Income Before Tax | $26.61M | $48.15M | $31.23M | $-26.48M | $-5.95M | $23.29M | $27.80M | $33.19M | $35.73M | $23.66M | $29.23M | $25.19M | $24.31M | $79.54M | $28.53M | $16.63M | $17.24M | $22.98M | $-559.17M | $-14.07M |
| Income Before Tax Ratio | 24.19% | 43.95% | 28.74% | -47.67% | -4.19% | 21.60% | 25.31% | 31.56% | 30.35% | 21.84% | 29.92% | 28.07% | 65.26% | 85.42% | 29.29% | 16.42% | 17.63% | 23.68% | -588.78% | -15.28% |
| Income Tax Expense | $6.95M | $10.64M | $7.21M | $-6.29M | $-4.51M | $3.74M | $3.94M | $5.55M | $5.23M | $4.94M | $6.12M | $5.00M | $4.07M | $15.79M | $6.90M | $3.60M | $-1.66M | $-68.00K | $-16.13M | $-2.00M |
| Net Income | $19.66M | $37.51M | $24.02M | $-20.19M | $-1.45M | $19.55M | $23.86M | $27.64M | $30.50M | $18.72M | $23.11M | $20.20M | $20.25M | $63.75M | $21.64M | $13.03M | $15.01M | $21.23M | $-549.38M | $-19.87M |
| Net Income Ratio | 17.87% | 34.23% | 22.11% | -36.35% | -1.02% | 18.13% | 21.72% | 26.29% | 25.91% | 17.28% | 23.66% | 22.50% | 54.35% | 68.46% | 22.21% | 12.87% | 15.35% | 21.88% | -578.47% | -21.58% |
| EPS | $0.46 | $0.89 | $0.57 | $-0.47 | $-0.03 | $0.45 | $0.55 | $0.63 | $0.69 | $0.42 | $0.50 | $0.42 | $0.42 | $1.32 | $0.43 | $0.26 | $0.30 | $0.42 | $-10.93 | $-0.40 |
| EPS Diluted | $0.46 | $0.88 | $0.57 | $-0.47 | $-0.03 | $0.45 | $0.55 | $0.63 | $0.69 | $0.42 | $0.50 | $0.42 | $0.42 | $1.31 | $0.43 | $0.26 | $0.30 | $0.42 | $-10.93 | $-0.40 |
| Weighted Average Shares Outstanding | 42.51M | 42.17M | 42.44M | 42.78M | 42.85M | 43.16M | 43.44M | 43.69M | 44.10M | 44.70M | 45.82M | 47.67M | 47.96M | 48.40M | 50.32M | 50.33M | 50.31M | 50.33M | 50.25M | 50.20M |
| Weighted Average Shares Outstanding Diluted | 42.76M | 42.45M | 42.51M | 43.03M | 43.50M | 43.35M | 43.53M | 44.04M | 44.48M | 45.03M | 46.10M | 48.07M | 48.34M | 48.74M | 50.61M | 50.56M | 50.35M | 50.33M | 50.25M | 50.20M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $182.78M | $1.20B | $685.36M | $1.58B | $1.56B |
| Short Term Investments | $945.63M | $- | $1.42B | $1.88B | $1.70B |
| Cash and Short Term Investments | $1.13B | $1.20B | $2.11B | $3.51B | $3.25B |
| Net Receivables | $86.02M | $86.66M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $- | $- |
| Total Current Assets | $1.13B | $1.20B | $685.36M | $3.51B | $1.56B |
| Property Plant Equipment Net | $56.61M | $116.26M | $85.22M | $146.56M | $172.68M |
| Goodwill | $- | $- | $-13.05M | $-16.02M | $- |
| Intangible Assets | $15.06M | $31.76M | $37.53M | $45.64M | $34.82M |
| Goodwill and Intangible Assets | $15.06M | $31.76M | $24.48M | $29.62M | $34.82M |
| Long Term Investments | $- | $1.13B | $2.57B | $2.54B | $2.19B |
| Tax Assets | $- | $201.71M | $-2.58B | $-853.11M | $- |
| Other Non-Current Assets | $- | $9.95B | $8.23B | $7.15B | $-2.25B |
| Total Non-Current Assets | $71.67M | $11.23B | $10.90B | $9.87B | $147.48M |
| Other Assets | $11.07B | $- | $75.87M | $-1.82B | $11.13B |
| Total Assets | $12.27B | $12.43B | $11.66B | $11.55B | $12.84B |
| Account Payables | $9.01M | $12.37M | $1.61M | $775.00K | $3.87M |
| Short Term Debt | $103.50M | $260.00M | $- | $- | $40.00M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-112.50M | $9.28B | $-1.61M | $-775.00K | $- |
| Total Current Liabilities | $112.50M | $9.55B | $- | $- | $43.87M |
| Long Term Debt | $- | $308.29M | $188.55M | $176.38M | $605.91M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $11.00B | $11.11B | $10.52B | $10.20B | $11.00B |
| Total Non-Current Liabilities | $11.00B | $11.42B | $10.71B | $10.37B | $11.61B |
| Other Liabilities | $-9.01M | $-9.55B | $- | $- | $-3.87M |
| Total Liabilities | $11.11B | $11.42B | $10.71B | $10.37B | $11.65B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $562.00K | $528.00K | $528.00K | $528.00K | $528.00K |
| Retained Earnings | $- | $-33.14M | $-71.43M | $-139.38M | $-233.34M |
| Accumulated Other Comprehensive Income Loss | $- | $-143.02M | $-189.65M | $-12.30M | $30.87M |
| Other Total Stockholders Equity | $1.17B | $1.19B | $1.21B | $1.33B | $1.39B |
| Total Stockholders Equity | $1.17B | $1.01B | $954.06M | $1.18B | $1.19B |
| Total Equity | $1.17B | $1.01B | $954.06M | $1.18B | $1.19B |
| Total Liabilities and Stockholders Equity | $12.27B | $12.43B | $11.66B | $11.55B | $12.84B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $12.27B | $12.43B | $11.66B | $11.55B | $12.84B |
| Total Investments | $945.63M | $1.13B | $3.45B | $4.42B | $3.88B |
| Total Debt | $103.50M | $568.29M | $188.55M | $176.38M | $645.91M |
| Net Debt | $-79.28M | $-634.95M | $-496.80M | $-1.45B | $-911.96M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.13B | $569.97M | $1.10B | $1.19B | $1.20B | $663.47M | $640.60M | $1.01B | $685.36M | $694.91M | $871.02M | $1.61B | $1.58B | $2.12B | $1.83B | $1.90B | $1.56B | $935.29M | $1.04B | $605.42M |
| Short Term Investments | $559.50M | $661.74M | $611.71M | $625.86M | $1.06B | $1.26B | $1.34B | $1.41B | $1.42B | $1.47B | $1.70B | $2.03B | $1.88B | $1.64B | $1.64B | $1.63B | $1.70B | $1.58B | $1.46B | $1.40B |
| Cash and Short Term Investments | $1.69B | $1.23B | $1.10B | $1.19B | $2.26B | $1.92B | $1.98B | $2.41B | $2.11B | $2.17B | $2.57B | $3.64B | $3.51B | $3.77B | $3.47B | $3.53B | $3.25B | $2.51B | $2.50B | $2.01B |
| Net Receivables | $86.02M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $87.67M | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $582.46M | $- | $- | $1.31B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $5.62B | $- | $- | $- |
| Total Current Assets | $1.77B | $1.81B | $1.18B | $1.28B | $1.31B | $663.47M | $640.60M | $2.41B | $685.36M | $694.91M | $883.44M | $1.62B | $3.51B | $2.14B | $2.11B | $3.53B | $8.96B | $944.86M | $1.05B | $615.47M |
| Property Plant Equipment Net | $106.80M | $54.67M | $55.89M | $98.68M | $116.26M | $70.04M | $76.90M | $78.71M | $85.22M | $86.81M | $89.66M | $92.97M | $146.56M | $99.23M | $104.68M | $108.54M | $172.68M | $117.12M | $118.72M | $120.67M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $-13.05M | $- | $- | $- | $-16.02M | $- | $- | $- | $- | $- | $- | $553.76M |
| Intangible Assets | $26.85M | $16.19M | $17.32M | $18.46M | $31.76M | $20.87M | $22.07M | $23.28M | $37.53M | $25.76M | $27.05M | $28.33M | $45.64M | $30.91M | $32.20M | $33.50M | $34.82M | $40.95M | $42.48M | $44.03M |
| Goodwill and Intangible Assets | $26.85M | $16.19M | $17.32M | $18.46M | $31.76M | $20.87M | $22.07M | $23.28M | $24.48M | $25.76M | $27.05M | $28.33M | $29.62M | $30.91M | $32.20M | $33.50M | $34.82M | $40.95M | $42.48M | $597.80M |
| Long Term Investments | $1.20B | $1.19B | $1.15B | $1.18B | $1.58B | $1.83B | $2.44B | $2.00B | $2.57B | $2.08B | $2.32B | $2.67B | $2.54B | $2.32B | $2.33B | $2.26B | $2.19B | $2.79B | $1.84B | $2.41B |
| Tax Assets | $- | $- | $8.01M | $-31.96M | $-345.41M | $- | $-2.41B | $-1.97B | $-2.58B | $- | $- | $-1.10B | $-853.11M | $-180.34M | $-408.53M | $-224.25M | $1.47B | $-1.64B | $-513.62M | $-2.34B |
| Other Non-Current Assets | $- | $-1.19B | $9.81B | $9.57B | $9.41B | $9.54B | $8.89B | $9.20B | $8.23B | $-2.08B | $-2.32B | $7.69B | $7.15B | $7.26B | $7.69B | $8.45B | $1.48B | $8.72B | $10.01B | $9.38B |
| Total Non-Current Assets | $1.34B | $70.86M | $11.04B | $10.86B | $11.14B | $11.46B | $11.44B | $11.30B | $10.90B | $112.57M | $116.70M | $10.48B | $9.87B | $9.71B | $10.16B | $10.86B | $3.88B | $11.67B | $12.01B | $12.51B |
| Other Assets | $9.16B | $9.72B | $1 | $- | $-15.67M | $17.33M | $14.62M | $-1.39B | $75.87M | $10.51B | $10.58B | $- | $-1.82B | $- | $- | $-1.63B | $- | $- | $- | $- |
| Total Assets | $12.27B | $11.60B | $12.22B | $12.15B | $12.43B | $12.14B | $12.09B | $12.32B | $11.66B | $11.32B | $11.58B | $12.10B | $11.55B | $11.85B | $12.27B | $12.76B | $12.84B | $12.61B | $13.06B | $13.12B |
| Account Payables | $9.01M | $- | $- | $- | $12.37M | $- | $- | $- | $1.61M | $- | $- | $- | $775.00K | $- | $- | $- | $3.87M | $- | $- | $- |
| Short Term Debt | $103.50M | $353.50M | $532.50M | $210.00M | $270.56M | $670.00M | $470.00M | $900.00M | $- | $- | $50.00M | $- | $- | $- | $- | $- | $40.00M | $110.00M | $159.80M | $225.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-112.50M | $-353.50M | $6.76B | $6.97B | $9.27B | $-670.00M | $- | $- | $-1.61M | $- | $- | $- | $-775.00K | $- | $- | $- | $- | $- | $- | $- |
| Total Current Liabilities | $- | $5.66B | $7.29B | $7.18B | $9.55B | $670.00M | $470.00M | $900.00M | $- | $- | $50.00M | $- | $- | $- | $- | $- | $43.87M | $110.00M | $159.80M | $225.00M |
| Long Term Debt | $391.47M | $353.59M | $278.59M | $248.59M | $308.29M | $255.59M | $325.58M | $125.57M | $188.55M | $125.50M | $204.20M | $108.13M | $176.38M | $110.82M | $315.24M | $448.69M | $605.91M | $592.71M | $657.00M | $816.16M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $-391.47M | $10.18B | $10.40B | $10.68B | $10.85B | $10.93B | $10.32B | $10.30B | $10.52B | $10.25B | $10.31B | $10.90B | $10.20B | $10.56B | $10.78B | $11.13B | $11.00B | $10.73B | $11.08B | $10.36B |
| Total Non-Current Liabilities | $- | $10.53B | $10.67B | $10.93B | $11.16B | $11.19B | $10.65B | $10.42B | $10.71B | $10.37B | $10.51B | $11.00B | $10.37B | $10.67B | $11.10B | $11.58B | $11.61B | $11.33B | $11.74B | $11.17B |
| Other Liabilities | $11.11B | $-5.66B | $-6.76B | $-6.97B | $-9.29B | $-670.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.87M | $- | $- | $- |
| Total Liabilities | $11.11B | $10.53B | $11.21B | $11.14B | $11.42B | $11.19B | $11.12B | $11.32B | $10.71B | $10.37B | $10.56B | $11.00B | $10.37B | $10.67B | $11.10B | $11.58B | $11.65B | $11.44B | $11.90B | $11.40B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $20.32M | $20.32M | $20.32M |
| Common Stock | $562.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $528.00K | $523.00K | $523.00K | $523.00K |
| Retained Earnings | $- | $-14.98M | $-44.87M | $-61.15M | $-33.14M | $-23.85M | $-35.49M | $-51.40M | $-71.43M | $-93.82M | $-107.00M | $-125.34M | $-139.38M | $-153.44M | $-210.99M | $-226.52M | $-233.34M | $-242.18M | $-257.35M | $304.44M |
| Accumulated Other Comprehensive Income Loss | $-106.34M | $-89.26M | $-128.76M | $-125.71M | $-143.02M | $-230.39M | $-186.24M | $-159.07M | $-189.65M | $-188.49M | $-123.00M | $-78.24M | $-12.30M | $7.25M | $14.77M | $10.72M | $30.87M | $32.43M | $33.24M | $31.02M |
| Other Total Stockholders Equity | $1.27B | $1.17B | $1.19B | $1.20B | $1.19B | $1.20B | $1.19B | $1.21B | $1.21B | $1.22B | $1.24B | $1.30B | $1.33B | $1.32B | $1.37B | $1.39B | $1.39B | $1.36B | $1.37B | $1.36B |
| Total Stockholders Equity | $1.17B | $1.07B | $1.01B | $1.01B | $1.01B | $951.01M | $973.38M | $995.48M | $954.06M | $942.56M | $1.01B | $1.09B | $1.18B | $1.18B | $1.18B | $1.18B | $1.19B | $1.18B | $1.16B | $1.72B |
| Total Equity | $1.17B | $1.07B | $1.01B | $1.01B | $1.01B | $951.01M | $973.38M | $995.48M | $954.06M | $942.56M | $1.01B | $1.09B | $1.18B | $1.18B | $1.18B | $1.18B | $1.19B | $1.18B | $1.16B | $1.72B |
| Total Liabilities and Stockholders Equity | $12.27B | $11.60B | $12.22B | $12.15B | $12.43B | $12.14B | $12.09B | $12.32B | $11.66B | $11.32B | $11.58B | $12.10B | $11.55B | $11.85B | $12.27B | $12.76B | $12.84B | $12.61B | $13.06B | $13.12B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $12.27B | $11.60B | $12.22B | $12.15B | $12.43B | $12.14B | $12.09B | $12.32B | $11.66B | $11.32B | $11.58B | $12.10B | $11.55B | $11.85B | $12.27B | $12.76B | $12.84B | $12.61B | $13.06B | $13.12B |
| Total Investments | $1.76B | $1.85B | $1.76B | $1.80B | $1.13B | $3.09B | $3.26B | $3.41B | $3.45B | $3.55B | $4.02B | $4.70B | $4.42B | $3.96B | $3.97B | $3.89B | $3.88B | $3.52B | $3.29B | $3.19B |
| Total Debt | $494.97M | $707.09M | $811.09M | $458.59M | $568.29M | $925.60M | $795.58M | $1.03B | $188.55M | $125.50M | $254.20M | $112.13M | $176.38M | $110.82M | $315.24M | $448.69M | $645.91M | $702.71M | $816.80M | $1.04B |
| Net Debt | $-633.44M | $137.12M | $-289.20M | $-735.10M | $-634.95M | $262.12M | $675.30M | $19.01M | $-496.80M | $-569.42M | $-616.82M | $-1.50B | $-1.45B | $-2.01B | $-1.51B | $-1.45B | $-911.96M | $-232.59M | $-227.35M | $435.74M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $61.00M | $69.60M | $92.53M | $118.66M | $-513.17M |
| Depreciation and Amortization | $11.59M | $13.27M | $14.71M | $16.23M | $18.10M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $8.32M | $7.50M | $7.34M | $4.17M | $4.73M |
| Change in Working Capital | $2.92M | $14.39M | $-12.08M | $18.28M | $- |
| Accounts Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- |
| Other Working Capital | $2.92M | $14.39M | $-12.08M | $18.28M | $-31.25M |
| Other Non Cash Items | $41.38M | $50.33M | $20.73M | $-72.56M | $717.99M |
| Net Cash Provided by Operating Activities | $125.21M | $155.08M | $123.23M | $84.79M | $227.64M |
| Investments in Property Plant and Equipment | $- | $-1.82M | $-1.50M | $-1.61M | $-7.21M |
| Acquisitions Net | $- | $- | $- | $-352.81M | $- |
| Purchases of Investments | $- | $-61.46M | $-494.28M | $-1.03B | $-489.00K |
| Sales Maturities of Investments | $8.06M | $508.88M | $751.20M | $625.25M | $596.92M |
| Other Investing Activities | $- | $-727.99M | $-1.52B | $1.36B | $51.88M |
| Net Cash Used for Investing Activities | $8.06M | $-282.39M | $-1.26B | $600.55M | $641.10M |
| Debt Repayment | $-68.74M | $380.78M | $14.11M | $-462.06M | $-256.37M |
| Common Stock Issued | $100.00M | $- | $- | $- | $- |
| Common Stock Repurchased | $-17.54M | $-23.84M | $-124.52M | $-68.71M | $-473.00K |
| Dividends Paid | $-30.94M | $-31.71M | $-24.53M | $-24.55M | $-36.56M |
| Other Financing Activities | $134.43M | $319.97M | $342.63M | $-80.78M | $402.71M |
| Net Cash Used Provided by Financing Activities | $117.21M | $645.19M | $207.69M | $-636.10M | $109.30M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-74.83M | $517.89M | $-942.45M | $69.93M | $978.05M |
| Cash at End of Period | $1.13B | $1.20B | $685.36M | $1.63B | $1.56B |
| Cash at Beginning of Period | $1.20B | $685.36M | $1.63B | $1.56B | $579.83M |
| Operating Cash Flow | $125.21M | $155.08M | $110.74M | $105.48M | $227.64M |
| Capital Expenditure | $- | $-1.82M | $-1.50M | $-1.61M | $-7.21M |
| Free Cash Flow | $120.64M | $153.26M | $109.24M | $103.87M | $220.43M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $19.66M | $-3.48M | $24.02M | $-20.19M | $-1.45M | $19.55M | $23.86M | $27.64M | $30.50M | $18.72M | $23.11M | $20.20M | $20.25M | $63.75M | $21.64M | $13.03M | $18.90M | $23.04M | $-543.04M | $-12.07M |
| Depreciation and Amortization | $2.69M | $-6.08M | $2.94M | $3.14M | $3.25M | $3.28M | $3.31M | $3.43M | $3.60M | $3.63M | $3.71M | $3.77M | $3.92M | $4.07M | $4.09M | $4.16M | $4.49M | $4.57M | $4.79M | $4.26M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $2.15M | $-3.90M | $1.80M | $2.10M | $1.98M | $2.07M | $2.30M | $1.20M | $1.68M | $1.73M | $2.10M | $1.80M | $518.00K | $1.37M | $1.60M | $675.00K | $1.28M | $635.00K | $1.36M | $1.46M |
| Change in Working Capital | $7.84M | $25.41M | $2.81M | $-28.23M | $18.19M | $5.59M | $265.00K | $-1.47M | $-16.11M | $47.03M | $-32.40M | $-10.60M | $1.35M | $5.62M | $13.90M | $-2.58M | $4.84M | $-12.07M | $-12.45M | $-11.57M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $7.84M | $25.41M | $2.81M | $-28.23M | $18.19M | $5.59M | $265.00K | $-1.47M | $-16.11M | $47.03M | $-32.40M | $-10.60M | $1.35M | $5.62M | $13.90M | $-2.58M | $4.84M | $-12.07M | $-12.45M | $-11.57M |
| Other Non Cash Items | $4.36M | $-56.28M | $3.18M | $50.03M | $30.38M | $13.16M | $-1.48M | $10.20M | $15.13M | $6.45M | $783.00K | $-1.82M | $-3.10M | $-55.99M | $-1.07M | $8.29M | $3.37M | $1.44M | $691.46M | $52.98M |
| Net Cash Provided by Operating Activities | $36.70M | $-44.33M | $34.75M | $6.86M | $52.34M | $43.65M | $28.25M | $41.00M | $34.79M | $77.56M | $-2.68M | $13.35M | $22.93M | $18.81M | $40.16M | $23.57M | $32.87M | $17.61M | $142.10M | $35.05M |
| Investments in Property Plant and Equipment | $-3.55M | $553.00K | $-318.00K | $-235.00K | $-1.07M | $- | $- | $-753.00K | $-765.00K | $- | $-730.00K | $- | $- | $- | $691.00K | $-2.30M | $-1.02M | $-1.70M | $-1.11M | $-3.39M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-35.70M | $18.80M | $-6.32M | $-12.47M | $-16.17M | $-7.79M | $-13.11M | $-28.90M | $-63.97M | $-42.38M | $-1.30M | $-386.64M | $-377.16M | $-160.49M | $-228.63M | $-259.29M | $-391.44M | $-321.07M | $-162.59M | $-172.36M |
| Sales Maturities of Investments | $33.62M | $-429.58M | $27.36M | $409.85M | $311.83M | $57.77M | $61.28M | $78.00M | $117.18M | $195.06M | $284.78M | $154.17M | $142.13M | $157.21M | $146.64M | $179.42M | $156.82M | $200.10M | $112.83M | $127.16M |
| Other Investing Activities | $-116.85M | $309.05M | $-201.07M | $-105.27M | $-40.09M | $-108.83M | $-188.18M | $-385.93M | $-403.15M | $-150.26M | $-535.55M | $-439.61M | $7.51M | $86.21M | $473.34M | $435.28M | $584.44M | $431.76M | $-126.25M | $208.91M |
| Net Cash Used for Investing Activities | $-122.49M | $-101.18M | $-180.35M | $291.88M | $254.50M | $-58.85M | $-140.01M | $-337.59M | $-350.70M | $2.40M | $-252.80M | $-672.08M | $-227.51M | $82.93M | $392.04M | $353.10M | $348.80M | $309.09M | $-177.12M | $160.32M |
| Debt Repayment | $-269.06M | $-104.06M | $352.44M | $-48.05M | $-419.07M | $129.95M | $-230.05M | $899.95M | $-50.00K | $-129.05M | $141.98M | $1.23M | $-42.00K | $-205.46M | $-133.53M | $-123.02M | $-131.16M | $-114.21M | $-224.48M | $213.47M |
| Common Stock Issued | $100.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $255.00K | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $2.00K | $1.00K | $-13.49M | $-4.04M | $-6.70M | $-3.58M | $-12.38M | $-1.19M | $-19.98M | $-20.25M | $-55.04M | $-29.25M | $- | $-47.96M | $-20.75M | $- | $- | $- | $- | $-473.00K |
| Dividends Paid | $-15.49M | $-7.95M | $-15.57M | $- | $-7.84M | $-7.90M | $-7.95M | $-8.01M | $-8.11M | $-5.49M | $-4.77M | $-6.15M | $-6.14M | $-12.29M | $- | $-6.12M | $-6.11M | $-18.28M | $- | $-12.18M |
| Other Financing Activities | $828.78M | $-158.92M | $-271.17M | $-256.19M | $666.55M | $-80.40M | $687.00K | $-266.87M | $334.49M | $-101.28M | $-562.93M | $672.35M | $-285.95M | $461.82M | $-350.85M | $94.20M | $378.17M | $-303.08M | $698.23M | $-370.61M |
| Net Cash Used Provided by Financing Activities | $644.23M | $-270.93M | $52.20M | $-308.29M | $232.93M | $38.07M | $-249.69M | $623.89M | $306.35M | $-256.07M | $-480.75M | $638.17M | $-292.14M | $196.11M | $-505.13M | $-34.94M | $240.91M | $-435.57M | $473.75M | $-169.78M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $558.44M | $-530.33M | $-93.40M | $-9.55M | $539.77M | $22.87M | $-365.96M | $321.21M | $-9.56M | $-176.10M | $-736.23M | $-20.56M | $-496.72M | $297.85M | $-72.93M | $341.73M | $622.58M | $-108.86M | $438.73M | $25.59M |
| Cash at End of Period | $1.13B | $569.97M | $1.10B | $1.19B | $1.20B | $663.47M | $640.60M | $1.01B | $685.36M | $694.91M | $871.02M | $1.61B | $1.63B | $2.12B | $1.83B | $1.90B | $1.56B | $935.29M | $1.04B | $605.42M |
| Cash at Beginning of Period | $569.97M | $1.10B | $1.19B | $1.20B | $663.47M | $640.60M | $1.01B | $685.36M | $694.91M | $871.02M | $1.61B | $1.63B | $2.12B | $1.83B | $1.90B | $1.56B | $935.29M | $1.04B | $605.42M | $579.83M |
| Operating Cash Flow | $36.70M | $-44.33M | $34.75M | $6.86M | $52.34M | $43.65M | $28.25M | $41.00M | $34.79M | $77.56M | $-2.68M | $13.35M | $22.93M | $18.81M | $40.16M | $23.57M | $32.87M | $17.61M | $142.10M | $35.05M |
| Capital Expenditure | $-3.55M | $553.00K | $-318.00K | $-235.00K | $-1.07M | $- | $- | $-753.00K | $-765.00K | $- | $-730.00K | $- | $- | $- | $691.00K | $-2.30M | $-1.02M | $-1.70M | $-1.11M | $-3.39M |
| Free Cash Flow | $33.15M | $-43.77M | $34.44M | $6.63M | $51.28M | $43.65M | $28.25M | $40.25M | $34.24M | $77.56M | $-3.41M | $13.35M | $22.93M | $18.81M | $40.85M | $21.28M | $31.85M | $15.92M | $141.00M | $31.67M |
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
$24.83
Stock Price
$1.15B
Market Cap
-
Employees
Boston, MA
Location
Revenue (FY 2024)
$613.94M
6.5% YoY
Net Income (FY 2024)
$61.00M
-12.3% YoY
EPS (FY 2024)
$1.43
-10.6% YoY
Free Cash Flow (FY 2024)
$120.64M
-21.3% YoY
Profitability
Gross Margin
71.4%
Net Margin
9.9%
ROE
5.2%
ROA
0.5%
Valuation
P/E Ratio
19.81
P/S Ratio
1.97
EV/EBITDA
2.60
Market Cap
$1.15B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$125.21M
-19.3% YoY
Free Cash Flow
$120.64M
-21.3% YoY
Balance Sheet Summary
Total Assets
$12.27B
-1.3% YoY
Total Debt
$103.50M
81.8% YoY
Shareholder Equity
$1.17B
17.4% YoY
Dividend Overview
$0.18
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-02-20 | $0.18 | February 20, 25 |
| 2024-11-14 | $0.18 | November 14, 24 |
| 2024-09-30 | $0.18 | September 30, 24 |
| 2024-06-20 | $0.18 | June 20, 24 |
| 2024-03-20 | $0.18 | March 20, 24 |
| 2023-11-15 | $0.18 | November 15, 23 |
| 2023-08-16 | $0.18 | August 16, 23 |
| 2023-05-17 | $0.18 | May 17, 23 |
| 2023-02-15 | $0.18 | February 15, 23 |
| 2022-11-16 | $0.18 | November 16, 22 |
Berkshire Hills Bancorp Dividends
Explore Berkshire Hills Bancorp's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
2.56%
Dividend Payout Ratio
50.72%
Dividend Paid & Capex Coverage Ratio
4.05x
Berkshire Hills Bancorp Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.18 | $0.18 | February 20, 2025 | February 20, 2025 | March 06, 2025 | February 07, 2025 |
| $0.18 | $0.18 | November 14, 2024 | November 14, 2024 | November 27, 2024 | November 01, 2024 |
| $0.18 | $0.18 | September 30, 2024 | September 30, 2024 | October 10, 2024 | September 17, 2024 |
| $0.18 | $0.18 | June 20, 2024 | June 20, 2024 | June 28, 2024 | June 07, 2024 |
| $0.18 | $0.18 | March 20, 2024 | March 21, 2024 | April 04, 2024 | March 07, 2024 |
| $0.18 | $0.18 | November 15, 2023 | November 16, 2023 | November 30, 2023 | November 03, 2023 |
| $0.18 | $0.18 | August 16, 2023 | August 17, 2023 | August 31, 2023 | August 04, 2023 |
| $0.18 | $0.18 | May 17, 2023 | May 18, 2023 | June 01, 2023 | May 05, 2023 |
| $0.18 | $0.18 | February 15, 2023 | February 16, 2023 | March 02, 2023 | February 03, 2023 |
| $0.18 | $0.18 | November 16, 2022 | November 17, 2022 | December 01, 2022 | November 04, 2022 |
| $0.12 | $0.12 | August 10, 2022 | August 11, 2022 | August 25, 2022 | July 29, 2022 |
| $0.12 | $0.12 | May 11, 2022 | May 12, 2022 | May 26, 2022 | April 29, 2022 |
| $0.12 | $0.12 | February 09, 2022 | February 10, 2022 | February 24, 2022 | January 28, 2022 |
| $0.12 | $0.12 | November 09, 2021 | November 11, 2021 | November 24, 2021 | November 01, 2021 |
| $0.12 | $0.12 | August 25, 2021 | August 26, 2021 | September 09, 2021 | August 13, 2021 |
| $0.12 | $0.12 | June 28, 2021 | June 29, 2021 | July 08, 2021 | June 18, 2021 |
| $0.12 | $0.12 | March 22, 2021 | March 23, 2021 | March 30, 2021 | March 15, 2021 |
| $0.12 | $0.12 | December 16, 2020 | December 17, 2020 | December 29, 2020 | November 30, 2020 |
| $0.12 | $0.12 | September 21, 2020 | September 22, 2020 | September 30, 2020 | September 08, 2020 |
| $0.24 | $0.24 | June 26, 2020 | June 29, 2020 | July 06, 2020 | June 18, 2020 |
Berkshire Hills Bancorp News
Read the latest news about Berkshire Hills Bancorp, including recent articles, headlines, and updates.
Berkshire Hills Bancorp, Inc (BHLB) Q1 2025 Earnings Call Transcript
Berkshire Hills Bancorp, Inc (NYSE:BHLB ) Q1 2025 Results Conference Call April 24, 2025 9:00 AM ET Company Participants Kevin Conn - Investor Relations Nitin Mhatre - Chief Executive Officer Brett Brbovic - Chief Financial Officer Sean Gray - Chief Operating Officer Conference Call Participants Chris O'Connell - KBW Gregory Zingone - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp First Quarter 2025 Earnings Conference Call. At this time, all lines are in listen-only mode.
Berkshire Hills (BHLB) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Berkshire Hills (BHLB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Berkshire Hills Reports Strong First Quarter 2025 Results
$0.56 GAAP EPS; $0.60 Operating EPS 22% increase in operating EPS year-over-year 5% increase in operating revenue, 6% decrease in operating non-interest expense Y/Y 3.24% net interest margin,10 basis point increase over linked quarter 59.5% efficiency ratio, best result in two years 0.42% delinquent and non-performing loans to total loans, lowest in nearly two decades BOSTON , April 24, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the first quarter of 2025. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Mar. 31, 2025 Dec. 31, 2024 Mar. 31, 2024 Net income (loss) $ 25.7 $ 19.7 $ (20.2) Per share 0.56 0.46 (0.47) Operating earnings1 27.6 26.0 20.9 Per share 0.60 0.60 0.49 Net interest income, non FTE $ 89.8 $ 86.9 $ 88.1 Net interest income, FTE 91.7 88.8 90.1 Net interest margin, FTE 3.24 % 3.14 % 3.15 % Non-interest income $ 20.7 $ 23.3 $ (32.6) Operating non-interest income1 20.7 23.2 17.3 Non-interest expense 70.4 77.6 76.0 Operating non-interest expense1 67.9 71.0 72.4 Efficiency ratio1 59.5 % 62.4 % 66.3 % Average balances Loans $ 9,389 $ 9,271 $ 9,041 Deposits 9,847 9,659 9,829 Period-end balances Loans 9,429 9,385 9,086 Deposits 9,880 10,375 9,883 1.
Berkshire Hills Announces First Quarter 2025 Earnings Release and Conference Call Schedule
BOSTON , April 4, 2025 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) first quarter 2025 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, April 24, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, April 24, 2025, at 9:00 a.m.
Is Berkshire Hills Bancorp (BHLB) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Feb. 7, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on February 20, 2025, payable on March 6, 2025. About Berkshire Hills Bancorp Berkshire Hills Bancorp, Inc. (NYSE: BHLB) is the parent company of Berkshire Bank, a relationship-driven, community-focused bank with $12.3 billion in assets and 83 financial centers in New England and New York.
Berkshire Hills Bancorp, Inc. (BHLB) Q4 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q4 2024 Results Conference Call January 30, 2025 9:00 AM ET Company Participants Kevin Conn - Investor Relations Nitin Mhatre - Chief Executive Officer Sean Gray - Chief Operating Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth - Chief Risk Officer Conference Call Participants David Bishop - Hovde Group Billy Young - RBC Chris O'Connell - KBW Laurie Hunsicker - Seaport Research Partners Mark Fitzgibbon - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Fourth Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Berkshire Hills (BHLB) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Berkshire Hills Reports Strong Fourth Quarter Operating Results
$0.46 GAAP EPS; $0.60 Operating EPS Operating EPS growth of 3% quarter-over-quarter and 28% year-over-year; FY2024 Operating EPS of $2.22 up 4% year-over-year Average deposit growth of 3% and Average loan growth of 0.4% quarter-over-quarter; Loans to deposits ratio improved further during the quarter 0.52% delinquent and non-performing loans to total loans, lowest in nearly two decades 7.6% return on tangible common equity; 9.9% operating return on tangible common equity 13.0% common equity Tier 1 ratio BOSTON , Jan. 30, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the fourth quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Twelve Months Ended Dec. 31, 2024 Sep. 30, 2024 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023 Net income (loss) $ 19.7 $ 37.5 $ (1.4) $ 61.0 $ 69.6 Per share 0.46 0.88 (0.03) 1.43 1.60 Operating earnings1 26.0 24.8 20.2 94.9 93.2 Per share 0.60 0.58 0.47 2.22 2.14 Net interest income, non FTE $ 86.9 $ 88.1 $ 88.4 $ 351.6 $ 369.0 Net interest income, FTE 88.8 90.1 90.4 359.6 376.9 Net interest margin, FTE 3.14 % 3.16 % 3.11 % 3.16 % 3.27 % Non-interest income 23.3 37.6 (8.4) 48.4 42.8 Operating non-interest income1 23.2 21.5 16.7 82.1 67.8 Non-interest expense $ 77.6 $ 72.0 $ 79.0 $ 296.5 $ 301.5 Operating non-interest expense1 71.0 72.3 75.3 287.0 295.2 Efficiency ratio1 62.4 % 63.7 % 67.8 % 63.9 % 63.9 % Average balances Loans $ 9,271 $ 9,233 $ 8,990 $ 9,176 $ 8,814 Deposits 9,659 9,360 9,936 9,536 9,704 Period-end balances Loans 9,385 9,212 9,040 9,385 9,040 Deposits 10,375 9,577 10,633 10,375 10,633 1.
Berkshire Hills Announces Fourth Quarter 2024 Earnings Release and Conference Call Schedule
BOSTON , Jan. 10, 2025 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) fourth quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, January 30, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, January 30, 2025, at 9:00 a.m.
KBRA Comments on Merger Agreement Between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On December 16, 2024, Berkshire Hills Bancorp, Inc. (NYSE: BHLB)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Berkshire Bank, and Brookline Bancorp, Inc. (NASDAQ: BRKL)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, announced a definitive agreement pursuant to which BRKL will merge with and into BHLB in an all-stock transaction valued at approximately.
BHLB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Berkshire Hills Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brookline Bancorp, Inc. is fair to Berkshire shareholders. Upon closing of the proposed transaction, Berkshire shareholders will own approximately 51% of the combined company. Halper Sadeh encourages Berkshire shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212).
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. announce a Merger of Equals to create a Premier Northeast Banking Franchise
Combination increases scale with $24 billion in assets, 148 branch offices and a longstanding history of serving clients and communities Highly compatible cultures, deep community ties and operating philosophies 0.42 Berkshire shares for each Brookline share; Berkshire's dividend expected to be increased to have a neutral impact on Brookline shareholders BOSTON , Dec. 16, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. In conjunction with the planned merger, Berkshire also announced that it has entered into subscription agreements with investors to raise capital to support the merger.
Berkshire Hills Bancorp, Inc. (BHLB) Q3 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations Officer Nitin Mhatre - Chief Executive Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth - Chief Risk Officer Conference Call Participants Christopher O'Connell - KBW Laurie Hunsicker - Seaport Research Mark Fitzgibbon - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Third Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Berkshire Hills (BHLB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Berkshire Hills Reports Higher Third Quarter Net Income of $37.5 million, or $0.88 Per Share
Operating EPS of $0.58 increased 5% linked quarter and 16% year-over-year $16 million non-operating gain on branch sale ($0.30 per share after tax) Operating revenue up 1% linked quarter and 2% year-over-year 14.8% return on tangible common equity; 9.9% operating return on tangible common equity Branch sale and loan sale are expected to further improve long-term profitability BOSTON , Oct. 24, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the third quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Sept.
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