Berkshire Hills Bancorp Inc - Understand $bhlb stock

$BHLB Market Cap: $1.317 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

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

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

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
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

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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 %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
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

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

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

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

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
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

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.