$BHLB Market Cap: $1.317 Billion
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Financial Snapshot

Revenue
$369.9M
TTM
Gross Margin
Net Earnings
$39.90M
TTM
Current Assets
Current Liabilities
$48.76M
Q3 2024
Current Ratio
Total Assets
$11.60B
Q3 2024
Total Liabilities
$10.53B
Q3 2024
Book Value
$1.070B
Q3 2024
Cash
$570.0M
Q3 2024
P/E
33.01
Nov 29, 2024 EST
Free Cash Flow
$138.9M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 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 1998
Revenue $411.8M $413.5M $434.4M $383.1M $449.3M $430.5M $365.2M $298.1M $268.1M $226.5M $227.0M $197.4M $142.3M $106.7M
YoY Change -0.41% -4.81% 13.4% -14.73% 4.35% 17.88% 22.5% 11.18% 18.4% -0.23% 14.96% 38.73% 33.39%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 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 1998
Revenue $411.8M $413.5M $434.4M $383.1M $449.3M $430.5M $365.2M $298.1M $268.1M $226.5M $227.0M $197.4M $142.3M $106.7M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

Operating Profits/Loss

No data

Operational Expenses

Concept 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 1998
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $41.88M $35.59M $33.80M $32.36M $26.52M $27.15M $24.45M $19.88M $16.88M $14.76M $12.94M $9.467M $7.457M $5.733M
YoY Change 17.68% 5.27% 4.45% 22.02% -2.3% 11.03% 22.97% 17.78% 14.34% 14.06% 36.73% 26.95% 30.07%
% of Gross Profit
Depreciation & Amortization $8.400M $9.600M $16.20M $18.10M $16.70M $15.70M $13.40M $11.30M $12.20M $13.10M $12.40M $11.30M $9.200M $6.800M $7.200M $7.600M $6.500M $4.800M $3.400M $2.000M $1.600M $2.000M $2.900M $2.200M $2.400M $2.000M
YoY Change -12.5% -40.74% -10.5% 8.38% 6.37% 17.16% 18.58% -7.38% -6.87% 5.65% 9.73% 22.83% 35.29% -5.56% -5.26% 16.92% 35.42% 41.18% 70.0% 25.0% -20.0% -31.03% 31.82% -8.33% 20.0% 0.0%
% of Gross Profit
Operating Expenses $41.88M $35.59M $33.80M $32.36M $26.52M $27.15M $24.45M $19.88M $16.88M $14.76M $12.94M $9.467M $7.457M $5.733M
YoY Change 17.68% 5.27% 4.45% 22.02% -2.3% 11.03% 22.97% 17.78% 14.34% 14.06% 36.73% 26.95% 30.07%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 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 1998
Interest Expense $207.3M $42.66M $37.90M $93.00M $144.3M $109.7M $64.11M $48.17M $33.18M $28.35M $34.99M $32.55M $31.74M $35.33M
YoY Change 385.82% 12.56% -59.25% -35.53% 31.51% 71.09% 33.09% 45.18% 17.04% -18.97% 7.49% 2.56% -10.16%
% of Operating Profit
Other Income/Expense, Net $2.045M $6.973M $6.631M $2.597M
YoY Change -70.67% 5.16% 155.33%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 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 1998
Pretax Income $78.32M $113.8M $149.0M -$533.0M $124.0M $138.2M $91.20M $77.45M $54.58M $45.51M $58.25M $47.05M $18.32M $16.04M -$31.50M $31.10M $18.80M $15.60M $16.20M $17.60M $14.30M $3.700M $13.30M $6.900M $7.600M $7.200M
YoY Change -31.19% -23.62% -127.96% -529.92% -10.27% 51.51% 17.75% 41.9% 19.94% -21.87% 23.8% 156.84% 14.24% -150.9% -201.29% 65.43% 20.51% -3.7% -7.95% 23.08% 286.49% -72.18% 92.75% -9.21% 5.56% 71.43%
Income Tax $8.724M $21.29M $30.36M -$19.85M $22.46M $28.96M $42.09M $18.78M $5.064M $11.76M $17.10M $13.22M $1.884M $2.420M -$15.60M $8.800M $5.200M $4.700M $8.000M $5.600M $5.200M $900.0K $4.300M $2.400M $2.000M $2.800M
% Of Pretax Income 11.14% 18.7% 20.37% 18.12% 20.96% 46.15% 24.25% 9.28% 25.85% 29.36% 28.11% 10.28% 15.09% 28.3% 27.66% 30.13% 49.38% 31.82% 36.36% 24.32% 32.33% 34.78% 26.32% 38.89%
Net Earnings $69.60M $92.53M $118.7M -$533.0M $97.45M $105.8M $55.25M $58.67M $49.52M $33.74M $41.14M $33.20M $17.30M $13.60M -$15.90M $22.20M $13.50M $11.30M $8.200M $11.50M $9.000M $2.100M $8.900M $4.600M $5.600M $4.400M
YoY Change -24.79% -22.02% -122.26% -646.96% -7.86% 91.44% -5.83% 18.48% 46.75% -17.98% 23.92% 91.91% 27.21% -185.53% -171.62% 64.44% 19.47% 37.8% -28.7% 27.78% 328.57% -76.4% 93.48% -17.86% 27.27% 76.0%
Net Earnings / Revenue 16.9% 22.38% 27.32% -139.14% 21.69% 24.57% 15.13% 19.68% 18.47% 14.9% 18.13% 16.81% 12.16% 12.75%
Basic Earnings Per Share $1.61 $2.03 $2.41 -$10.60 $1.98 $2.30 $1.40 $1.89 $1.74 $1.36 $1.66 $1.49 $0.97 $0.98
Diluted Earnings Per Share $1.60 $2.015M $2.39 -$10.60 $1.97 $2.29 $1.39 $1.88 $1.73 $1.36 $1.65 $1.49 $0.97 $0.98 -$1.205M $2.056M $1.436M $1.299M $1.093M $2.018M $1.579M $355.9K $1.348M $647.9K $583.3K $458.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 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 1998
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $68.92M $85.22M $147.0M $173.0M $197.0M $108.0M $109.0M $93.00M $88.00M $87.00M $84.00M $86.00M $61.00M $39.00M $37.00M $37.00M $39.00M $29.00M $26.00M $15.00M $13.00M $13.00M $14.00M $12.00M $12.00M $10.00M
YoY Change -19.13% -42.03% -15.03% -12.18% 82.41% -0.92% 17.2% 5.68% 1.15% 3.57% -2.33% 40.98% 56.41% 5.41% 0.0% -5.13% 34.48% 11.54% 73.33% 15.38% 0.0% -7.14% 16.67% 0.0% 20.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.000M $10.00M $5.000M $9.000M $5.000M $5.000M $5.000M
YoY Change -20.0% 100.0% -44.44% 80.0% 0.0% 0.0%
Other Assets $10.94M $3.260M $57.00M $317.0M $205.0M $39.00M $47.00M $41.00M $43.00M $30.00M $55.00M $58.00M $45.00M $18.00M $12.00M $12.00M $4.000M $4.000M $4.000M $1.000M $2.000M $2.000M $0.00
YoY Change 235.52% -94.28% -82.02% 54.63% 425.64% -17.02% 14.63% -4.65% 43.33% -45.45% -5.17% 28.89% 150.0% 50.0% 0.0% 200.0% 0.0% 0.0% 300.0% -50.0% 0.0%
Total Long-Term Assets
YoY Change
Total Assets $12.43B $11.66B $11.56B $12.84B $13.22B $12.21B $11.57B $9.163B $7.831B $6.502B $5.673B $5.297B $3.992B $2.881B $2.700B $2.667B $2.513B $2.150B $2.036B $1.310B $1.219B $1.046B $1.031B $1.011B $842.0M $780.0M
YoY Change
Accounts Payable $13.77M $1.610M $1.000M
YoY Change 755.03% 61.0%
Accrued Expenses $53.03M $53.74M $56.00M $64.00M $81.00M $9.000M $5.000M $5.000M $5.000M $6.000M $5.000M $5.000M $6.000M $5.000M
YoY Change -1.32% -4.04% -12.5% -20.99% 80.0% 0.0% 0.0% -16.67% 20.0% 0.0% -16.67% 20.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $10.00M $0.00 $163.0M $10.00M $47.00M $84.00M $23.00M $93.00M $15.00M $0.00 $0.00 $2.000M $2.000M $10.00M $1.000M $7.000M
YoY Change -100.0% 1530.0% -78.72% -44.05% 265.22% -75.27% 520.0% -100.0% 0.0% -80.0% 900.0% -85.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.79M $55.35M $57.00M $64.00M $81.00M $10.00M $163.0M $10.00M $47.00M $84.00M $23.00M $93.00M $9.000M $5.000M $5.000M $5.000M $6.000M $5.000M $5.000M $6.000M $5.000M
YoY Change 20.68% -2.9% -10.94% -20.99% 1530.0% -78.72% -44.05% 265.22% -75.27% 933.33% 80.0% 0.0% 0.0% -16.67% 20.0% 0.0% -16.67% 20.0%
Long-Term Debt $506.6M $125.5M $107.0M $108.0M $108.0M $101.0M $101.0M $101.0M $101.0M $102.0M $102.0M $102.0M $15.00M $15.00M $15.00M $32.00M $35.00M $15.00M $15.00M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 303.63% 17.3% -0.93% 0.0% 6.93% 0.0% 0.0% 0.0% -0.98% 0.0% 0.0% 580.0% 0.0% 0.0% -53.13% -8.57% 133.33% 0.0%
Other Long-Term Liabilities $278.6M $256.0M $126.0M $789.0M $202.0M $148.0M $177.0M $122.0M $80.00M $74.00M $70.00M $68.00M $102.0M $28.00M $22.00M $54.00M $14.00M $0.00 $6.000M $1.000M $1.000M $1.000M $1.000M $1.000M
YoY Change 8.83% 103.19% -84.03% 290.59% 36.49% -16.38% 45.08% 52.5% 8.11% 5.71% 2.94% -33.33% 264.29% 27.27% -59.26% 285.71% -100.0% 500.0% 0.0% 0.0% 0.0% 0.0%
Total Long-Term Liabilities $785.2M $381.5M $233.0M $897.0M $310.0M $249.0M $278.0M $223.0M $181.0M $176.0M $172.0M $170.0M $117.0M $43.00M $37.00M $86.00M $49.00M $15.00M $15.00M $0.00 $6.000M $1.000M $1.000M $1.000M $1.000M $1.000M
YoY Change 105.81% 63.75% -74.02% 189.35% 24.5% -10.43% 24.66% 23.2% 2.84% 2.33% 1.18% 45.3% 172.09% 16.22% -56.98% 75.51% 226.67% 0.0% -100.0% 500.0% 0.0% 0.0% 0.0% 0.0%
Total Liabilities $11.42B $10.71B $10.37B $11.65B $11.46B $10.66B $10.07B $8.069B $6.944B $5.793B $4.995B $4.630B $3.440B $2.493B $2.316B $2.258B $2.187B $1.891B $1.789B $1.178B $1.095B $925.0M $891.0M $850.0M $753.0M $696.0M
YoY Change 6.63% 3.25% -10.97% 1.68% 7.49% 5.81% 24.85% 16.2% 19.87% 15.98% 7.88% 34.59% 37.99% 7.64% 2.57% 3.25% 15.65% 5.7% 51.87% 7.58% 18.38% 3.82% 4.82% 12.88% 8.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 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 1998
Basic Shares Outstanding 43.29M shares 45.56M shares 49.24M shares 50.27M shares 49.26M shares 46.02M shares 39.46M shares 30.99M shares 28.39M shares 24.73M shares 24.80M shares 22.20M shares 17.89M shares 13.86M shares
Diluted Shares Outstanding 43.50M shares 45.91M shares 49.55M shares 50.27M shares 49.42M shares 46.23M shares 39.70M shares 31.17M shares 28.56M shares 24.85M shares 24.97M shares 22.33M shares 17.95M shares 13.90M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $1.3172 Billion

About BERKSHIRE HILLS BANCORP INC

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The company is headquartered in Boston, Massachusetts and currently employs 1,340 full-time employees. The company went IPO on 2000-06-28. The Bank provides commercial banking, retail banking, consumer lending, private banking and wealth management services. The Bank provides various loans, including commercial real estate, commercial and industrial loans, residential mortgages and consumer loans. The Bank originates commercial real estate loans on properties used for business purposes, such as retail, multifamily, office, healthcare, hospitality, industrial and manufacturing facilities. The Bank is engaged in prime home equity lending, following its conforming mortgage underwriting guidelines with streamlined verifications and documentation. The Bank offers fixed-rate and adjustable-rate residential mortgage loans. The firm's Wealth Management Group provides consultative investment management, trust administration, and financial planning to individuals, businesses, and institutions, with an emphasis on personal investment management.

Industry: Savings Institutions, Not Federally Chartered Peers: Bancorp, Inc. CITY HOLDING CO EAGLE BANCORP INC FIRST BANCORP /NC/ FIRST BUSEY CORP /NV/ FIRST COMMONWEALTH FINANCIAL CORP /PA/ Live Oak Bancshares, Inc. National Bank Holdings Corp PNC FINANCIAL SERVICES GROUP, INC. Triumph Financial, Inc.