Berkshire Hills Bancorp, Inc. (BHLB)
Market Cap | 994.20M |
Revenue (ttm) | 411.83M |
Net Income (ttm) | 69.60M |
Shares Out | 43.62M |
EPS (ttm) | 1.60 |
PE Ratio | 14.20 |
Forward PE | 10.71 |
Dividend | $0.72 (3.14%) |
Ex-Dividend Date | Mar 20, 2024 |
Volume | 126,738 |
Open | 22.77 |
Previous Close | 22.79 |
Day's Range | 22.65 - 23.07 |
52-Week Range | 18.07 - 25.79 |
Beta | 0.87 |
Analysts | Hold |
Price Target | 22.75 (-0.74%) |
Earnings Date | Apr 18, 2024 |
About BHLB
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts. It offers loans, such as commercial real estate, commercial and industrial, residential mortgage, and consumer loans. In addition, the company provides wealth management services comprisin... [Read more]
Financial Performance
In 2023, BHLB's revenue was $411.83 million, a decrease of -0.41% compared to the previous year's $413.53 million. Earnings were $69.60 million, a decrease of -24.79%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for BHLB stock is "Hold." The 12-month stock price forecast is $22.75, which is a decrease of -0.74% from the latest price.
News
Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise
Torrance Childs, Former President of Private Banking at Boston Private, 40-Year Boston Banking Veteran, Joins Berkshire to Accelerate Client Growth & Experience BOSTON , March 21, 2024 /PRNewswire/ --...
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , March 7, 2024 /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 shareh...
Arrow Announces Acquisition of Whitehall, N.Y. Branch
GLENS FALLS, N.Y. , March 4, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW) today announced that its bank subsidiary, Glens Falls National Bank and Trust Company, has entered into...
Berkshire Hills Bancorp to Sell Select Upstate and Eastern New York Branches
Enhances efficiency and profitability of the overall branch network Strengthens focus in core New York markets Combined branch and securities sale is neutral to full year 2024 earnings outlook BOSTON ...
Berkshire Hills Announces Annual Meeting Date
BOSTON , Feb. 12, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Annual Meeting of Shareholders will be held at 10:00 am on Thursday, May 16, 2024 at Berkshir...
Berkshire Hills Reports Fourth Quarter 2023 Results
Announces $40 Million Share Repurchase Authorization Fourth quarter loss of $1 million, ($0.03) per share; operating income of $20 million, $0.47 per share $267 million securities sale resulting in $2...
Berkshire Hills Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule
BOSTON , Jan. 12, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) fourth quarter 2023 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, Jan...
Berkshire Hills Bancorp Leadership Featured On New York Stock Exchange
BOSTON , Dec. 13, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading relationship-driven, community-focused bank with financial centers in...
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 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 ...