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Complete financial analysis of Berkshire Hills Bancorp, Inc. (BHLB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Berkshire Hills Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Berkshire Hills Bancorp, Inc. (BHLB)
About Berkshire Hills Bancorp, Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 576.30M | 413.53M | 381.47M | 381.85M | 447.91M | 468.78M | 420.19M | 297.03M | 268.14M | 226.46M | 226.98M | 197.44M | 142.32M | 108.11M | 98.59M | 107.34M | 89.75M | 72.29M | 66.54M | 48.12M | 51.28M | 54.12M | 50.61M | 42.30M | 35.84M |
| Cost of Revenue | 253.36M | 241.78M | 247.25M | 0.00 | 0.00 | 248.32M | 227.00M | 161.52M | 0.00 | 0.00 | 119.16M | 104.42M | 78.17M | 65.01M | 63.85M | 62.11M | 55.62M | 41.09M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 322.94M | 171.76M | 134.22M | 381.85M | 447.91M | 220.45M | 193.19M | 135.51M | 268.14M | 226.46M | 107.83M | 93.02M | 64.16M | 43.09M | 34.74M | 45.22M | 34.13M | 31.20M | 66.54M | 48.12M | 51.28M | 54.12M | 50.61M | 42.30M | 35.84M |
| Gross Profit Ratio | 56.04% | 41.53% | 35.19% | 100.00% | 100.00% | 47.03% | 45.98% | 45.62% | 100.00% | 100.00% | 47.51% | 47.11% | 45.08% | 39.86% | 35.24% | 42.13% | 38.03% | 43.16% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 166.30M | 152.74M | 184.39M | 186.08M | 171.29M | 199.52M | 185.34M | 129.55M | 118.90M | 100.82M | 87.55M | 76.93M | 62.30M | 60.35M | 38.28M | 38.28M | 34.02M | 24.71M | 20.28M | 16.88M | 21.22M | 28.49M | 17.59M | 13.63M | 13.77M |
| Selling & Marketing | 5.38M | 5.10M | 2.75M | 3.70M | 4.47M | 7.98M | 11.88M | 3.16M | 3.31M | 2.57M | 2.60M | 2.03M | 6.21M | 5.19M | 10.67M | 0.00 | 0.00 | 0.00 | 0.00 | 991.00K | 678.00K | 648.00K | 629.00K | 578.00K | 599.00K |
| SG&A | 171.68M | 152.74M | 184.39M | 189.78M | 175.76M | 207.50M | 197.21M | 132.71M | 122.21M | 103.39M | 90.15M | 78.96M | 68.50M | 60.35M | 48.95M | 38.28M | 34.02M | 24.71M | 20.28M | 17.87M | 21.90M | 29.14M | 18.22M | 14.21M | 14.37M |
| Other Expenses | 0.00 | -89.39M | -416.84M | -1.12B | -503.76M | -431.04M | -137.36M | -65.63M | -293.99M | -247.70M | 0.00 | 0.00 | 0.00 | 0.00 | -61.67M | 0.00 | 0.00 | 0.00 | -87.25M | -28.12M | -40.40M | -57.70M | -22.01M | -16.10M | -15.67M |
| Operating Expenses | 253.90M | 5.10M | -232.45M | -934.72M | -328.00M | -223.54M | 11.88M | 3.16M | -171.78M | -144.31M | 2.60M | 2.03M | 6.21M | 5.19M | -12.72M | 48.86M | 19.41M | 66.07M | -66.97M | -10.25M | -18.50M | -28.56M | -3.79M | -1.89M | -1.30M |
| Cost & Expenses | 253.90M | 248.28M | -232.45M | -934.72M | -328.00M | -223.54M | 238.88M | 164.68M | -171.78M | -144.31M | 121.75M | 106.45M | 84.38M | 70.20M | 63.85M | 110.97M | 75.03M | 107.16M | -66.97M | -10.25M | -18.50M | -28.56M | -3.79M | -1.89M | -1.30M |
| Interest Income | 576.30M | 387.26M | 329.07M | 409.78M | 509.51M | 471.16M | 360.26M | 280.44M | 247.03M | 207.04M | 203.74M | 175.94M | 138.26M | 112.28M | 115.48M | 133.21M | 131.94M | 118.05M | 87.73M | 61.08M | 56.31M | 64.13M | 75.80M | 71.02M | 58.47M |
| Interest Expense | 207.25M | 42.66M | 37.90M | 93.00M | 144.26M | 111.83M | 65.46M | 48.17M | 33.18M | 28.35M | 34.99M | 32.55M | 31.74M | 35.33M | 45.88M | 57.47M | 68.02M | 57.81M | 36.12M | 20.72M | 18.74M | 23.43M | 33.56M | 33.47M | 26.92M |
| Depreciation & Amortization | 13.27M | 14.71M | 16.24M | 18.10M | 16.70M | 15.38M | 13.41M | 11.32M | 3.56M | 4.81M | 5.27M | 5.34M | 4.24M | 3.02M | 3.28M | 7.67M | 7.78M | 8.79M | 4.76M | 3.19M | 4.11M | 4.17M | 3.18M | 2.42M | 2.81M |
| EBITDA | 0.00 | -513.18M | 118.66M | -514.93M | 101.52M | 214.86M | 121.38M | 88.77M | 91.42M | 58.62M | 70.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.54M | 10.89M | 0.00 | 21.36M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 41.40% | 43.32% | -143.17% | 28.06% | 55.67% | 42.51% | 46.10% | 37.26% | 38.40% | 46.53% | 45.76% | 42.59% | 55.52% | 25.66% | 89.62% | 105.38% | 114.17% | 85.81% | 85.32% | 71.92% | 54.94% | 98.79% | 101.27% | 104.20% |
| Operating Income | 317.57M | 156.48M | 149.02M | -552.87M | 119.91M | 245.24M | 121.38M | 115.76M | 96.36M | 82.15M | 41.14M | 33.83M | 16.67M | 42.08M | 22.02M | 22.24M | 13.54M | 10.89M | -431.00K | 37.87M | 32.77M | 25.56M | 46.82M | 40.41M | 34.54M |
| Operating Income Ratio | 55.10% | 37.84% | 39.06% | -144.79% | 26.77% | 52.31% | 28.89% | 38.97% | 35.94% | 36.28% | 18.13% | 17.13% | 11.71% | 38.92% | 22.34% | 20.72% | 15.08% | 15.07% | -0.65% | 78.70% | 63.91% | 47.23% | 92.51% | 95.54% | 96.36% |
| Total Other Income/Expenses | -239.25M | 626.99M | -41.11M | -19.85M | 22.46M | -56.76M | -21.63M | -38.30M | -36.84M | -35.77M | -41.58M | -24.89M | -17.83M | -24.23M | -27.72M | 8.81M | 5.24M | 4.67M | -10.98M | 0.00 | -18.74M | -23.43M | -33.56M | -33.47M | -26.92M |
| Income Before Tax | 78.32M | 113.82M | 149.02M | -533.03M | 123.98M | 133.41M | 99.75M | 77.45M | 54.58M | 45.51M | 58.25M | 47.05M | 18.71M | 17.85M | -27.72M | 31.06M | 18.77M | 15.56M | 16.23M | 17.58M | 14.03M | 2.13M | 13.26M | 6.94M | 7.62M |
| Income Before Tax Ratio | 13.59% | 27.52% | 39.06% | -139.59% | 27.68% | 28.46% | 23.74% | 26.08% | 20.36% | 20.09% | 25.66% | 23.83% | 13.14% | 16.51% | -28.11% | 28.93% | 20.92% | 21.53% | 24.39% | 36.53% | 27.36% | 3.94% | 26.20% | 16.41% | 21.25% |
| Income Tax Expense | 8.72M | 21.29M | 30.36M | -19.85M | 22.46M | 27.65M | 44.50M | 18.78M | 5.06M | 11.76M | 17.10M | 13.22M | 2.04M | 4.11M | -11.65M | 8.81M | 5.24M | 4.67M | 8.00M | 5.64M | 5.07M | 362.00K | 4.35M | 2.36M | 2.00M |
| Net Income | 69.60M | 92.53M | 118.66M | -513.18M | 97.45M | 105.77M | 55.25M | 58.67M | 49.52M | 33.74M | 41.14M | 33.19M | 17.58M | 13.74M | -16.07M | 22.24M | 13.54M | 11.26M | 8.23M | 11.51M | 8.97M | 1.77M | 8.91M | 4.58M | 5.62M |
| Net Income Ratio | 12.08% | 22.38% | 31.11% | -134.39% | 21.76% | 22.56% | 13.15% | 19.75% | 18.47% | 14.90% | 18.13% | 16.81% | 12.35% | 12.71% | -16.30% | 20.72% | 15.08% | 15.58% | 12.36% | 23.92% | 17.48% | 3.27% | 17.61% | 10.83% | 15.69% |
| EPS | 1.61 | 2.03 | 2.41 | -10.21 | 1.96 | 2.30 | 1.40 | 1.89 | 1.74 | 1.36 | 1.66 | 1.49 | 0.98 | 0.99 | -1.22 | 2.08 | 1.47 | 1.32 | 1.16 | 2.18 | 1.70 | 0.33 | 1.42 | 0.70 | 1.03 |
| EPS Diluted | 1.60 | 2.02 | 2.39 | -10.21 | 1.95 | 2.29 | 1.39 | 1.88 | 1.73 | 1.36 | 1.65 | 1.49 | 0.98 | 0.99 | -1.22 | 2.06 | 1.44 | 1.29 | 1.10 | 2.01 | 1.57 | 0.30 | 1.35 | 0.70 | 1.03 |
| Weighted Avg Shares Out | 43.29M | 45.56M | 49.24M | 50.27M | 49.26M | 46.02M | 39.46M | 30.99M | 28.39M | 24.73M | 24.80M | 22.20M | 17.89M | 13.86M | 13.19M | 10.70M | 9.22M | 8.54M | 7.12M | 5.28M | 5.27M | 5.36M | 6.28M | 6.55M | 6.14M |
| Weighted Avg Shares Out (Dil) | 43.50M | 45.91M | 49.55M | 50.27M | 49.42M | 46.23M | 39.70M | 31.17M | 28.56M | 24.85M | 24.97M | 22.33M | 17.95M | 13.90M | 13.19M | 10.79M | 9.37M | 8.73M | 7.50M | 5.73M | 5.71M | 5.90M | 6.60M | 6.55M | 6.14M |
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BOSTON , March 31, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its first quarter earnings release before the market opens on Thursday, April 20, 2023. The Company will also place an investor presentation at its website...
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Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q4 2022 Earnings Conference Call January 26, 2023 10:00 AM ET Company Participants Kevin Conn - IR, Corporate Development Officer Nitin Mhatre - President and CEO Sean Gray - COO Brett Brbovic - Chief...
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BOSTON , Jan. 6, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its fourth quarter earnings release before the market opens on Thursday, January 26, 2023. The Company will also place an investor presentation at its website...
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Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q3 2022 Earnings Conference Call October 20, 2022 10:00 AM ET Company Participants Kevin Conn - IR, Corporate Development Officer Nitin Mhatre - President, CEO Brett Brbovic - Chief Accounting Officer and Interim CFO...
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