Berkshire Hills Bancorp, Inc. (BHLB)

Berkshire Hills Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	554.25	512.54	335.31	282.16	358.02	448.93
Interest Income on Investments	59.67	63.76	51.95	46.9	51.77	60.59
Total Interest Income	613.92	576.3	387.26	329.07	409.78	509.51
Interest Paid on Deposits	225.13	158.91	33.44	27.24	72.72	115.19
Interest Paid on Borrowings	35.64	48.34	9.22	10.66	20.29	29.06
Total Interest Expense	260.77	207.25	42.66	37.9	93	144.26
Net Interest Income	353.15	369.05	344.6	291.17	316.78	365.26
Net Interest Income Growth (YoY)	-7.73%	7.10%	18.35%	-8.09%	-13.27%	2.54%
Trust Income	10.58	10.2	10.01	10.53	9.29	9.35
Mortgage Banking Activities	-	-	-	-	5.19	0.79
Gain (Loss) on Sale of Assets	16.05	-	-	52.94	1.24	1.35
Gain (Loss) on Sale of Investments	-75.9	-32.56	-5.54	-4.23	-11.17	-2.07
Other Non-Interest Income	21.58	20.66	19.95	33.51	33.85	43.22
Total Non-Interest Income	16.71	42.78	68.94	143.25	66.31	84
Non-Interest Income Growth (YoY)	-75.00%	-37.94%	-51.88%	116.04%	-21.06%	13.02%
Revenues Before Loan Losses	369.86	411.83	413.53	434.41	383.09	449.26
Provision for Loan Losses	25	32	11	-0.5	75.88	35.42
Revenue	344.86	379.83	402.53	434.91	307.21	413.84
Revenue Growth (YoY)	-16.41%	-5.64%	-7.45%	41.57%	-25.77%	2.16%
Salaries and Employee Benefits	153.48	151.78	145.4	146.42	143.11	136.09
Occupancy Expenses	23.79	26.62	27.94	30.88	31.06	39.59
Federal Deposit Insurance	7.4	7.02	3.11	3.76	5.88	3.86
Amortization of Goodwill & Intangibles	4.68	4.82	5.13	5.2	6.18	5.78
Selling, General & Administrative	73.1	75.5	69.77	67.48	65	46.61
Other Non-Interest Expense	28.85	29.5	28.42	26.35	29.28	29.73
Total Non-Interest Expense	291.3	295.25	279.81	280.11	280.64	261.81
EBT Excluding Unusual Items	53.56	84.58	122.73	154.8	26.57	152.03
Pretax Income	46.96	78.32	113.82	149.02	-533.03	123.98
Income Tax Expense	7.06	8.72	21.29	30.36	-19.85	22.46
Earnings From Continuing Operations	39.9	69.6	92.53	118.66	-513.18	101.52
Earnings From Discontinued Operations	-	-	-	-	-19.84	-4.07
Net Income	39.9	69.6	92.53	118.66	-533.02	97.45
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.96
Net Income to Common	39.9	69.6	92.53	118.66	-533.02	96.49
Net Income Growth	-60.71%	-24.79%	-22.02%	-	-	-7.86%
Basic Shares Outstanding	43	43	46	49	50	49
Diluted Shares Outstanding	43	44	46	50	50	49
Shares Change (YoY)	-2.46%	-5.25%	-7.35%	-1.42%	1.72%	6.90%
EPS (Basic)	0.94	1.61	2.03	2.41	-10.60	1.96
EPS (Diluted)	0.93	1.60	2.02	2.39	-10.60	1.95
EPS Growth	-59.83%	-20.79%	-15.48%	-	-	-13.91%
Dividend Per Share	0.720	0.720	0.540	0.480	0.720	0.920
Dividend Growth	0%	33.33%	12.50%	-33.33%	-21.74%	4.55%
Effective Tax Rate	15.02%	11.14%	18.70%	20.37%	-	18.12%

Source: S&P Capital IQ. Banks template. Financial Sources.