Berkshire Hills Bancorp, Inc. (BHLB)
Market Cap | 1.27B |
Revenue (ttm) | 344.86M |
Net Income (ttm) | 39.90M |
Shares Out | 42.18M |
EPS (ttm) | 0.93 |
PE Ratio | 32.21 |
Forward PE | 12.92 |
Dividend | $0.72 (2.40%) |
Ex-Dividend Date | Sep 30, 2024 |
Volume | 242,993 |
Open | 30.22 |
Previous Close | 30.03 |
Day's Range | 29.91 - 30.29 |
52-Week Range | 20.02 - 31.58 |
Beta | 0.87 |
Analysts | Hold |
Price Target | 25.75 (-14.2%) |
Earnings Date | Oct 24, 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, Berkshire Hills Bancorp's revenue was $379.83 million, a decrease of -5.64% compared to the previous year's $402.53 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 $25.75, which is a decrease of -14.20% from the latest price.
News
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Nov. 1, 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 shareho...
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 Offi...
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-o...
Berkshire Hills Announces Third Quarter 2024 Earnings Release and Conference Call Schedule
BOSTON , Oct. 1, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) third quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: October 24...
Arrow Completes Acquisition of Whitehall, N.Y. Branch
GLENS FALLS, N.Y. , Aug. 6, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW), through its bank subsidiary Glens Falls National Bank and Trust Company, completed the acquisition of t...
Berkshire Hills Bancorp, Inc. (BHLB) Q2 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Kevin Conn - IR & Corporate Development Officer Nitin Mhatre - CEO Brett Brbov...
Berkshire Hills Reports a Solid Second Quarter Net Income of $24.0 million, or $0.57 Per Share
Operating EPS of $0.55 increased 12% linked quarter Operating revenue increased 3% linked quarter Operating expense decreased 2% linked quarter Net interest margin 3.20%, increased 5 basis points lin...
Berkshire Hills Announces Second Quarter 2024 Earnings Release and Conference Call Schedule
BOSTON , June 27, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) second quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: July 18, 2...
Berkshire Hills Bancorp Announces Results of Annual Meeting
Shareholders Recognize Berkshire's Achievements; Approve All Proposals BOSTON , May 17, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relati...
Berkshire Hills Announces Executive Transition
BOSTON , May 14, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (the "Company", NYSE: BHLB) and Berkshire Bank (the "Bank") announced today that R. David Rosato, Chief Financial Officer, has decid...
Berkshire Hills Bancorp, Inc. (BHLB) Q1 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations & Corporate Development Officer Nitin Mhatre ...
Berkshire Hills Reports First Quarter 2024 Results
Announces $362 Million Securities Sale First quarter loss of $20 million, ($0.47) per share Operating income of $21 million, $0.49 per share Securities sale of $362 million resulted in a $49.9 million...
Berkshire Hills Announces First Quarter 2024 Earnings Release and Conference Call Schedule
BOSTON , March 28, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) first quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, ...
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/ --...
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 Bancorp, Inc. (BHLB) Q4 2023 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (BHLB) Q4 2023 Earnings Call Transcript
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 Bancorp, Inc. (BHLB) Q3 2023 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (BHLB) Q3 2023 Earnings Call Transcript
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...