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Berkshire Hills
(NYSE:BHLB)
Berkshire Hills (BHLB) vs. SPDR S&P 500 ETF (SPY)
Berkshire Hills Business Overview & Revenue Model
Berkshire Hills Earnings Call Summary
Berkshire Hills Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 646.11M | 379.83M | 402.53M | 419.37M | 381.85M | Gross Profit |
| 359.76M | 322.94M | 402.53M | 381.47M | 381.85M | EBIT |
| 434.06M | 317.57M | 156.32M | 149.02M | 25.33M | EBITDA |
| 91.10M | 91.59M | 128.53M | 165.26M | -514.93M | Net Income Common Stockholders |
| 61.00M | 69.60M | 92.53M | 118.66M | -533.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.07B | 1.20B | 2.11B | 3.51B | 3.25B | Total Assets |
| 12.27B | 12.43B | 11.66B | 11.55B | 12.84B | Total Debt |
| 494.97M | 568.29M | 188.55M | 176.38M | 645.91M | Net Debt |
| -633.44M | -634.95M | -496.80M | -1.45B | -911.96M | Total Liabilities |
| 11.11B | 11.42B | 10.71B | 10.37B | 11.65B | Stockholders Equity |
| 1.17B | 1.01B | 954.06M | 1.18B | 1.19B |
| Cash Flow | Free Cash Flow | |||
| 120.64M | 153.26M | 109.24M | 103.87M | 220.43M | Operating Cash Flow |
| 124.40M | 155.08M | 110.74M | 105.48M | 227.64M | Investing Cash Flow |
| -316.44M | -282.39M | -1.26B | 600.55M | 641.10M | Financing Cash Flow |
| 117.21M | 645.19M | 207.69M | -636.10M | 109.30M |
Berkshire Hills Technical Analysis
Berkshire Hills Risk Analysis
Berkshire Hills Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.06B | 9.36 | 11.08% | 1.59% | 7.68% | -1.13% | |
71 Outperform | $1.46B | 7.42 | 15.82% | 6.01% | 8.33% | 13.48% | |
71 Outperform | $1.10B | 9.74 | 11.70% | 0.37% | 4.17% | -0.91% | |
70 Outperform | $1.15B | 41.28 | 2.45% | 3.81% | -2.81% | -64.23% | |
66 Neutral | $1.27B | 21.38 | 6.10% | 0.43% | 12.30% | -41.81% | |
64 Neutral | $12.77B | 9.71 | 7.85% | 78.05% | 12.07% | -7.97% | |
62 Neutral | $1.14B | 9.95 | 9.69% | 2.94% | 17.96% | 399.48% |
Berkshire Hills Corporate Events
On May 21, 2025, Berkshire Hills Bancorp, Inc. held its annual stockholders meeting virtually, where several key proposals were approved. These included the issuance of common stock for the merger with Brookline Bancorp, an amendment to increase authorized shares, the 2025 Stock Option and Incentive Plan, election of directors, and the ratification of Crowe LLP as the accounting firm for 2025. The approval of these proposals indicates a strategic move to expand Berkshire’s market presence and enhance its operational capabilities, potentially impacting stakeholders positively by positioning the company for future growth and stability.
The most recent analyst rating on (BHLB) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Berkshire Hills stock, see the BHLB Stock Forecast page.
On March 24, 2025, Berkshire Hills Bancorp filed a registration statement for its annual meeting scheduled for May 21, 2025. The statement included details about board meeting attendance in 2024, noting that most directors attended over 75% of meetings, except for Jeffrey W. Kip, who attended 67% and is not seeking re-election.
The most recent analyst rating on (BHLB) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Berkshire Hills stock, see the BHLB Stock Forecast page.
On March 24, 2025, Berkshire Hills Bancorp, Inc. filed a registration statement in preparation for its annual meeting on May 21, 2025, where stockholders will vote on the 2025 Stock Option and Incentive Plan. Institutional Shareholder Services (ISS) provided an unfavorable recommendation for the plan due to a higher shareholder value transfer than its benchmark. Berkshire aims to clarify and provide additional information to assist ISS in evaluating the plan. The company has outlined the status of its stock options and equity awards, which are contingent on a proposed merger with Brookline Bancorp, Inc. The board recommends stockholders vote in favor of the plan, which will cancel remaining shares under previous plans if approved.
The most recent analyst rating on (BHLB) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Berkshire Hills stock, see the BHLB Stock Forecast page.
On December 16, 2024, Berkshire Hills Bancorp and Brookline Bancorp entered into a merger agreement, aiming to create a stronger entity with over $20 billion in assets, enhancing their competitive position in key northeast markets. However, the merger has faced legal challenges, with several demand letters and lawsuits alleging inadequate disclosures in the joint proxy statement/prospectus, seeking to delay or rescind the transaction. Despite these challenges, both companies have issued supplemental disclosures to address concerns and maintain the merger timeline, while denying any legal violations.
On April 24, 2025, Berkshire Hills Bancorp, Inc. reported strong financial results for the first quarter of 2025, showcasing a 22% increase in operating EPS year-over-year and a 5% rise in operating revenue. The company’s efficiency ratio improved to 59.5%, marking the best result in two years, while delinquent and non-performing loans were at their lowest in nearly two decades. CEO Nitin Mhatre highlighted the positive impact of strategic initiatives and the completion of the sale of the Upstart consumer loan portfolio. The company also concluded its Community Comeback program, exceeding its $5 billion goal in lending and investment, and was recognized by Newsweek as one of the most trusted companies in America.