Berkshire Hills Bancorp, Inc. (BHLB)
| Market Cap | 923.41M |
| Revenue (ttm) | 449.54M |
| Net Income (ttm) | 101.55M |
| Shares Out | 43.67M |
| EPS (ttm) | 2.31 |
| PE Ratio | 9.07 |
| Forward PE | 10.13 |
| Dividend | $0.72 (3.41%) |
| Ex-Dividend Date | Nov 15, 2023 |
| Volume | 1,155 |
| Open | 21.18 |
| Previous Close | 20.96 |
| Day's Range | 21.15 - 21.15 |
| 52-Week Range | 18.07 - 31.63 |
| Beta | 0.94 |
| Analysts | Sell |
| Price Target | 21.67 (+2.48%) |
| Earnings Date | Oct 20, 2023 |
About BHLB
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, interest-bearing checking, 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,... [Read more]
Financial Performance
In 2022, BHLB's revenue was $413.53 million, a decrease of -4.81% compared to the previous year's $434.41 million. Earnings were $92.53 million, a decrease of -22.02%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for BHLB stock is "Sell." The 12-month stock price forecast is $21.67, which is an increase of 2.48% from the latest price.
News
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Nov. 3, 2023 /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 shareho...
Berkshire Hills Reports Third Quarter Net Income of $20 Million, or $0.45 Earnings per Share
Operating Income of $22 Million, or $0.50 per Share Average loan growth of 2% linked quarter; average deposit growth of 1% Operating expense flat linked quarter Net loan charge-offs decreased $0.3 mil...
Berkshire Hills Announces Third Quarter 2023 Earnings Release and Conference Call Schedule
BOSTON , Sept. 29, 2023 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) third quarter 2023 earnings release and conference call are scheduled as follows: Earnings Release: Friday, Octob...
Berkshire Hills Bancorp Appoints Mary Anne Callahan as New Independent Director
BOSTON , Sept. 14, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New En...
Berkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per Share
Period-end loan growth of 2%; total deposits unchanged. Net loan charge-offs decreased $1.1 million; credit loss allowance increased $2.2 million commensurate with loan growth. TCE ratio of 7.9 percen...
Berkshire Hills Announces Allocation of Inaugural $100 Million Sustainability Bond
Bond Supports Social & Environmental Projects in New England & New York BOSTON , July 10, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berkshire" or the "Company"), announced tod...
Berkshire Hills Announces Second Quarter 2023 Earnings Release and Conference Call Dates
BOSTON , June 29, 2023 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) second quarter 2023 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, Jul...
Berkshire Hills Announces Results of Annual Meeting
All Proposals Approved by Shareholders; Company Highlights Strength & Progress BOSTON , May 19, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), announced today that all four proposals...
Berkshire Releases Environmental, Social & Governance (ESG) Report
Highlights Berkshire's Transformational Efforts to Build More Equitable and Sustainable Communities BOSTON , April 26, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent comp...
Berkshire Hills Reports First Quarter Net Income of $27.6 Million, or $0.63 per Share
Diversified 5 percent growth in average loans; relatively flat (-1%) average deposits Cash and borrowing capacity at 117% of uninsured deposits Tangible book value per share +4 percent to $21.89 TCE r...
Berkshire Hills Bancorp Appoints Former Federal Reserve Bank of Boston President and CEO Eric Rosengren as New Independent Director
BOSTON , April 10, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New En...
Berkshire Hills First Quarter Earnings Release and Conference Call Dates
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 a...
Berkshire Hills Announces Annual Meeting Date
BOSTON , Feb. 6, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has determined that the Annual Meeting of Shareholders will be held at 10:0...
Berkshire Hills Appoints Former Massachusetts Lieutenant Governor Karyn Polito as New Independent Director
BOSTON , Feb. 2, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New Engl...
BERKSHIRE HILLS REPORTS RECORD FOURTH QUARTER RESULTS
BOSTON , Jan. 26, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that fourth quarter 2022 earnings per share ("EPS") increased year-over-year by 64% to a fourth quarter...
Berkshire Hills Bancorp Names David Rosato as Senior Executive Vice President, Chief Financial Officer
BOSTON , Jan. 25, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New Eng...
BERKSHIRE HILLS ANNOUNCES $50 MILLION SHARE REPURCHASE PROGRAM
BOSTON , Jan. 25, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a share repurchase program pursuant to which the Company is a...
Berkshire Hills Bancorp Names New Executives
James "Jim" Brown Named Senior Executive Vice President, Head of Commercial Banking Philip Jurgeleit Named Executive Vice President, Chief Credit Officer BOSTON , Jan. 17, 2023 /PRNewswire/ -- Berkshi...
Berkshire Hills Fourth Quarter Earnings Release and Conference Call Dates
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 ...
KBRA Releases Third-Quarter 2022 U.S. Bank Compendium and 2023 Sector Outlook
NEW YORK--(BUSINESS WIRE)--KBRA releases its third-quarter 2022 U.S. Bank Compendium and 2023 Sector Outlook, providing the latest view of the U.S. banking industry, including KBRA's sector outlook,...
Berkshire Bank Team Rings NYSE Opening Bell
BOSTON , Nov. 10, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) rang the bell to open trading on the New York Stock Exchange (NYSE) on Wednesday morning, November 9. Berkshire is ce...
Berkshire Hills Announces 50% Increase in Quarterly Shareholder Dividend
BOSTON , Nov. 4, 2022 /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 shareho...
Berkshire Hills Reports Third Quarter Results
BOSTON , Oct. 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported third quarter 2022 earnings per share ("EPS") totaling $0.42. The non-GAAP measure of adjusted EPS tot...
Berkshire Hills Announces Executive Change
BOSTON , Oct. 13, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (the "Company", NYSE: BHLB) and Berkshire Bank (the "Bank") announced today that Subhadeep Basu, Chief Financial Officer of the Com...
Berkshire Hills Third Quarter Earnings Release and Conference Call Dates
BOSTON , Oct. 6, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its third quarter earnings release before the market opens on Thursday, October 20, 2022. The Company will a...