Berkshire Hills Bancorp (BHLB) Financials

$26.10 -0.20 (-0.74%)

Closing price 03:59 PM Eastern

Extended Trading

$25.66 -0.45 (-1.72%)

As of 05:38 PM Eastern

Annual Income Statements for Berkshire Hills Bancorp

This table shows Berkshire Hills Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	34	50	59	55	105	96	-533	-7.55	157	135	130
Consolidated Net Income / (Loss)	34	50	59	55	106	97	-533	-7.55	157	135	130
Net Income / (Loss) Continuing Operations	34	50	59	49	109	102	-513	119	93	70	61
Total Pre-Tax Income	46	55	77	91	138	124	-533	23	114	78	80
Total Revenue	226	268	298	365	431	526	453	309	478	477	469
Net Interest Income / (Expense)	179	214	232	291	356	365	317	291	345	369	352
Total Interest Income	207	247	280	355	466	510	410	329	387	576	614
Loans and Leases Interest Income	174	211	243	303	406	449	358	282	335	513	557
Investment Securities Interest Income	33	36	38	52	60	61	52	47	52	64	57
Total Interest Expense	28	33	48	64	110	144	93	38	43	207	262
Deposits Interest Expense	19	23	31	44	78	115	73	27	33	159	228
Long-Term Debt Interest Expense	9.17	10	17	20	31	29	20	11	9.22	48	34
Total Non-Interest Income	48	54	66	74	74	84	66	143	69	43	48
Other Service Charges	56	52	-3.29	-3.38	78	155	143	18	135	133	151
Net Realized & Unrealized Capital Gains on Investments	-8.31	2.11	0.53	6.27	-3.26	5.74	-6.28	-	0.01	-25	-34
Other Non-Interest Income	-	-	69	71	-	-	-	-	-2.04	0.51	0.01
Provision for Credit Losses	15	17	17	21	25	35	76	-	11	32	24
Total Non-Interest Expense	166	197	203	253	267	290	840	286	289	302	296
Salaries and Employee Benefits	82	97	105	120	134	141	148	151	153	159	160
Net Occupancy & Equipment Expense	42	45	47	56	64	66	76	76	73	78	72
Marketing Expense	2.57	3.31	3.16	6.53	4.70	4.47	3.70	2.75	5.10	5.38	4.52
Other Operating Expenses	31	43	40	60	53	41	41	42	44	48	46
Amortization Expense	4.81	3.56	2.93	3.49	4.93	5.78	6.18	5.20	5.13	4.82	4.60
Restructuring Charge	-	-	-	-	-	28	5.84	5.78	8.91	6.26	9.49
Income Tax Expense	12	5.06	19	42	0.00	22	-20	30	21	8.72	19
Basic Earnings per Share	$1.36	$1.74	$1.89	$1.40	$2.30	$1.98	($10.60)	$2.41	$2.03	$1.61	$1.44
Weighted Average Basic Shares Outstanding	24.73M	28.39M	30.99M	39.46M	46.02M	49.26M	50.27M	49.24M	45.56M	43.29M	42.51M
Diluted Earnings per Share	$1.36	$1.73	$1.88	$1.39	$2.29	$1.97	($10.60)	$2.39	$2.02	$1.60	$1.43
Weighted Average Diluted Shares Outstanding	24.85M	28.56M	31.17M	39.70M	46.23M	49.42M	50.27M	49.55M	45.91M	43.50M	42.76M
Weighted Average Basic & Diluted Shares Outstanding	24.80M	28.50M	31M	39.30M	45.60M	50.20M	51.04M	48.38M	44.47M	43.62M	46.40M
Cash Dividends to Common per Share	$0.72	$0.76	$0.80	$0.84	$0.88	$0.92	$0.72	$0.48	$0.54	$0.72	$0.72

This table shows Berkshire Hills Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	19	105	44	41	36	14	-4.64	41	55	38	44
Consolidated Net Income / (Loss)	19	105	44	41	36	14	-4.64	41	55	38	44
Net Income / (Loss) Continuing Operations	19	41	28	24	20	-1.45	-20	24	38	20	26
Total Pre-Tax Income	24	46	33	28	23	-5.95	-26	31	48	27	35
Total Revenue	108	188	130	127	124	95	71	125	143	129	128
Net Interest Income / (Expense)	92	102	98	93	90	88	88	89	88	87	90
Total Interest Income	104	121	132	145	148	151	152	154	157	151	148
Loans and Leases Interest Income	90	108	117	127	133	135	137	139	143	138	135
Investment Securities Interest Income	13	14	15	19	15	15	15	15	14	13	13
Total Interest Expense	12	19	35	53	58	62	64	66	69	64	59
Deposits Interest Expense	8.16	17	26	36	44	53	57	57	58	56	53
Long-Term Debt Interest Expense	3.42	2.36	8.70	17	14	9.26	7.00	8.54	11	7.96	5.67
Total Non-Interest Income	16	16	17	34	17	-26	-33	37	38	6.49	39
Other Service Charges	17	86	32	34	35	31	33	37	39	42	39
Net Realized & Unrealized Capital Gains on Investments	-	-	0.00	0.00	0.00	-25	-50	0.00	16	0.17	0.00
Other Non-Interest Income	-0.48	-	0.23	-0.02	-0.47	0.77	-0.12	-0.04	0.52	-0.35	-0.05
Provision for Credit Losses	3.00	-	9.00	8.00	8.00	7.00	6.00	6.50	5.50	6.00	5.50
Total Non-Interest Expense	82	70	72	74	77	79	76	71	72	78	70
Salaries and Employee Benefits	39	38	39	40	40	40	41	40	41	39	41
Net Occupancy & Equipment Expense	17	19	19	19	19	20	19	18	17	18	18
Marketing Expense	1.29	1.23	1.21	1.51	1.55	1.11	1.12	0.53	0.86	2.01	1.27
Other Operating Expenses	10	15	12	12	12	13	11	11	12	11	9.61
Amortization Expense	1.29	1.28	1.21	1.21	1.21	1.21	1.21	1.14	1.13	1.13	1.13
Income Tax Expense	4.94	5.23	5.55	3.94	3.74	-4.51	-6.29	7.21	11	6.95	8.86
Basic Earnings per Share	$0.42	$0.69	$0.63	$0.55	$0.45	($0.02)	($0.47)	$0.57	$0.89	$0.45	$0.56
Weighted Average Basic Shares Outstanding	44.70M	45.56M	43.69M	43.44M	43.16M	43.29M	42.78M	42.44M	42.17M	42.51M	45.68M
Diluted Earnings per Share	$0.42	$0.68	$0.63	$0.55	$0.45	($0.03)	($0.47)	$0.57	$0.88	$0.45	$0.56
Weighted Average Diluted Shares Outstanding	45.03M	45.91M	44.04M	43.53M	43.35M	43.50M	43.03M	42.51M	42.45M	42.76M	46.06M
Weighted Average Basic & Diluted Shares Outstanding	45.03M	44.47M	44.28M	44.01M	43.67M	43.62M	43.29M	42.98M	42.98M	46.40M	46.31M
Cash Dividends to Common per Share	$0.12	-	$0.18	$0.18	$0.18	-	$0.18	$0.18	$0.18	-	$0.18

This table details how cash moves in and out of Berkshire Hills Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-3.79	32	9.51	136	-66	397	978	70	-942	518	-75
Net Cash From Operating Activities	56	86	98	78	222	112	228	85	111	157	125
Net Cash From Continuing Operating Activities	56	86	98	109	167	130	124	85	111	157	125
Net Income / (Loss) Continuing Operations	34	50	59	110	212	102	-513	119	93	70	61
Consolidated Net Income / (Loss)	34	50	59	104	215	97	-533	119	93	70	61
Provision For Loan Losses	15	17	17	21	25	35	-	-0.50	11	32	24
Depreciation Expense	8.29	8.59	8.39	9.50	10	11	12	11	9.58	8.45	6.98
Amortization Expense	-1.92	-4.46	2.32	-10	-13	13	24	8.67	15	15	7.57
Non-Cash Adjustments to Reconcile Net Income	4.39	19	6.22	6.85	33	-25	606	-59	-22	30	25
Changes in Operating Assets and Liabilities, net	-3.65	-3.21	5.19	-29	1.46	-5.14	-4.27	5.78	5.17	2.07	0.81
Net Cash From Investing Activities	-369	-454	-208	-283	-862	1,203	641	621	-1,261	-284	-317
Net Cash From Continuing Investing Activities	-369	-454	-208	-282	-861	1,203	641	621	-1,261	-284	-317
Purchase of Property, Leasehold Improvements and Equipment	-8.45	-7.34	-9.10	-11	-9.35	-11	-7.21	-1.61	-1.50	-1.82	-4.57
Purchase of Investment Securities	-1,077	-752	-817	-689	-1,180	427	-7.46	-1,027	-2,165	-1,272	-759
Sale and/or Maturity of Investments	714	314	618	513	328	675	656	719	906	990	760
Other Investing Activities, net	-	-	-	-468	-	-	-	1,283	0.00	0.00	-314
Net Cash From Financing Activities	310	400	119	341	574	-917	109	-636	208	645	117
Net Cash From Continuing Financing Activities	310	400	119	341	574	-917	109	-636	208	645	117
Net Change in Deposits	341	476	141	419	234	24	500	-133	258	306	125
Issuance of Debt	5,432	8,566	9,365	5,978	4,768	5,385	326	0.00	149	10,451	1,209
Issuance of Common Equity	-	0.00	0.00	153	-	-	-	-	0.00	0.00	100
Repayment of Debt	-5,444	-8,620	-9,365	-6,175	-4,387	-6,229	-583	-462	-135	-10,070	-1,277
Repurchase of Common Equity	-2.47	-0.55	-	0.00	0.00	-53	-0.47	-69	-125	-24	-18
Payment of Dividends	-18	-22	-25	-33	-41	-45	-37	-25	-25	-32	-31
Other Financing Activities, Net	1.17	0.41	3.71	-1.37	0.33	0.19	-97	52	84	14	9.18
Cash Interest Paid	9.99	9.97	17	21	32	33	21	11	9.04	47	35
Cash Income Taxes Paid	0.75	0.43	16	18	3.03	20	-14	15	28	12	-1.43

This table details how cash moves in and out of Berkshire Hills Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-176	-9.56	321	-366	23	540	-9.55	-93	-530	558	-302
Net Cash From Operating Activities	78	23	41	28	35	52	6.86	35	47	37	23
Net Cash From Continuing Operating Activities	78	23	41	28	35	52	6.86	35	47	37	23
Net Income / (Loss) Continuing Operations	19	31	28	24	20	-1.45	-20	24	38	20	26
Consolidated Net Income / (Loss)	19	31	28	24	20	-1.45	-20	24	38	20	26
Provision For Loan Losses	-	-	9.00	8.00	8.00	7.00	6.00	6.50	5.50	6.00	5.50
Depreciation Expense	2.35	2.32	2.22	2.10	2.08	2.04	1.94	1.80	1.68	1.57	1.50
Amortization Expense	4.19	4.99	3.76	3.15	3.27	4.87	2.71	0.92	2.21	1.74	0.04
Non-Cash Adjustments to Reconcile Net Income	52	-27	-4.02	-2.07	-3.80	40	21	0.11	1.50	2.72	-11
Changes in Operating Assets and Liabilities, net	0.51	0.21	2.41	-6.80	6.37	0.11	-4.11	1.40	-1.51	5.02	1.51
Net Cash From Investing Activities	2.41	-338	-344	-145	-51	254	292	-180	-306	-122	-47
Net Cash From Continuing Investing Activities	2.41	-338	-344	-145	-51	254	292	-180	-306	-122	-47
Purchase of Property, Leasehold Improvements and Equipment	-	-0.77	-0.75	-	-	-1.07	-0.24	-0.32	-0.47	-3.55	-3.38
Purchase of Investment Securities	-230	-538	-567	-373	-213	-119	-143	-250	-107	-259	-142
Sale and/or Maturity of Investments	232	200	224	229	163	374	435	67	118	140	99
Net Cash From Financing Activities	-256	306	624	-250	38	233	-308	52	-271	644	-278
Net Cash From Continuing Financing Activities	-181	231	624	-250	38	233	-308	52	-271	644	-278
Net Change in Deposits	-127	339	-260	0.86	-88	653	-266	-272	-135	798	-495
Issuance of Debt	-	-	3,555	4,870	1,585	441	202	856	150	1.00	500
Repayment of Debt	-54	-75	-2,655	-5,100	-1,455	-860	-250	-503	-254	-270	-254
Repurchase of Common Equity	-20	-20	-1.19	-12	-3.58	-6.70	-4.05	-13	0.00	0.00	0.00
Payment of Dividends	-5.49	-8.11	-8.01	-7.95	-7.90	-7.85	0.00	-16	0.13	-15	-8.36
Other Financing Activities, Net	25	-4.66	-7.14	-0.18	7.46	14	9.70	0.85	-32	31	-21
Cash Interest Paid	3.62	2.03	6.16	17	13	10	7.24	9.20	9.35	9.00	5.57
Cash Income Taxes Paid	2.65	13	4.41	3.22	0.11	4.56	1.00	3.48	-4.12	-1.79	0.78

This table presents Berkshire Hills Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,502	7,831	9,163	11,571	12,212	13,216	12,838	11,555	11,663	12,431	12,273
Cash and Due from Banks	72	104	113	249	183	580	1,558	1,628	685	1,203	1,128
Trading Account Securities	1,206	1,385	1,749	2,052	1,921	1,770	2,223	2,549	2,026	1,607	1,169
Loans and Leases, Net of Allowance	4,645	5,686	6,506	8,248	8,982	-64	7,954	6,720	8,239	8,934	9,270
Loans and Leases	4,681	5,725	6,550	8,299	9,043	-	8,082	6,826	8,335	9,040	9,385
Allowance for Loan and Lease Losses	36	39	44	52	61	64	127	106	96	105	115
Loans Held for Sale	19	-	-	-	-	37	18	6.11	4.31	2.24	3.08
Premises and Equipment, Net	87	88	93	109	108	-	113	94	85	69	57
Intangible Assets	12	11	19	38	33	46	35	30	24	20	15
Other Assets	197	234	279	355	490	10,268	937	529	595	595	631
Total Liabilities & Shareholders' Equity	6,502	7,831	9,163	11,571	12,212	13,216	12,838	11,555	11,663	12,431	12,273
Total Liabilities	5,793	6,944	8,069	10,074	10,659	11,457	11,650	10,372	10,709	11,419	11,106
Interest Bearing Deposits	4,655	5,589	6,622	8,750	8,982	10,336	10,216	10,069	10,327	10,633	10,375
Short-Term Debt	901	1,071	1,082	667	1,119	125	40	-	0.00	260	104
Long-Term Debt	151	192	232	470	399	703	532	111	126	247	335
Other Long-Term Liabilities	86	91	133	188	159	320	863	193	256	279	293
Total Equity & Noncontrolling Interests	709	887	1,093	1,496	1,553	1,759	1,188	1,182	954	1,012	1,167
Total Preferred & Common Equity	709	887	1,093	1,496	1,553	1,759	1,188	1,182	954	1,012	1,167
Total Common Equity	709	887	1,093	1,456	1,512	1,718	1,188	1,182	954	1,012	1,167
Common Stock	586	743	899	1,243	1,245	1,423	1,428	1,424	1,425	1,424	1,431
Retained Earnings	156	184	217	239	309	361	-233	-139	-71	-33	-3.08
Treasury Stock	-33	-29	-27	-24	-22	-70	-31	-90	-210	-225	-144
Accumulated Other Comprehensive Income / (Loss)	6.58	-3.31	9.77	4.16	-13	12	31	-3.24	-181	-143	-106
Other Equity Adjustments	-6.15	-7.00	-6.37	-6.53	-6.59	-8.47	-6.25	-9.06	-8.60	-10	-10

This table presents Berkshire Hills Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	11,579	11,317	12,320	12,090	12,140	12,147	12,219	11,605	12,013
Cash and Due from Banks	871	695	1,007	641	663	1,194	1,100	570	826
Trading Account Securities	2,321	2,083	2,002	1,923	1,832	1,176	1,150	1,193	1,169
Loans and Leases, Net of Allowance	7,704	7,847	8,584	8,782	8,882	8,978	9,116	9,100	9,312
Loans and Leases	7,803	7,943	8,682	8,882	8,984	9,086	9,229	9,212	9,429
Allowance for Loan and Lease Losses	99	96	98	100	103	107	112	112	117
Loans Held for Sale	1.06	4.12	1.91	8.71	2.34	6.35	52	51	1.32
Premises and Equipment, Net	90	87	79	77	70	58	56	55	58
Intangible Assets	27	26	23	22	21	18	17	16	14
Other Assets	560	571	624	637	670	716	727	620	633
Total Liabilities & Shareholders' Equity	11,579	11,317	12,320	12,090	12,140	12,147	12,219	11,605	12,013
Total Liabilities	10,565	10,375	11,324	11,117	11,189	11,137	11,207	10,534	10,816
Interest Bearing Deposits	10,115	9,988	10,068	10,068	9,981	9,883	9,621	9,577	9,880
Short-Term Debt	50	-	900	470	670	210	533	354	400
Long-Term Debt	204	125	126	326	256	249	279	354	285
Other Long-Term Liabilities	196	261	231	253	283	795	774	250	252
Total Equity & Noncontrolling Interests	1,014	943	995	973	951	1,010	1,013	1,070	1,197
Total Preferred & Common Equity	1,014	943	995	973	951	1,010	1,013	1,070	1,197
Total Common Equity	1,014	943	995	973	951	1,010	1,013	1,070	1,197
Common Stock	1,425	1,425	1,425	1,424	1,424	1,423	1,422	1,422	1,431
Retained Earnings	-107	-94	-51	-35	-24	-61	-45	-15	14
Treasury Stock	-168	-189	-208	-215	-219	-226	-235	-235	-145
Accumulated Other Comprehensive Income / (Loss)	-123	-188	-159	-186	-218	-114	-115	-89	-95
Other Equity Adjustments	-13	-11	-11	-14	-12	-11	-14	-12	-8.12

This table displays calculated financial ratios and metrics derived from Berkshire Hills Bancorp's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.23%	18.40%	11.18%	22.50%	17.88%	22.20%	-13.88%	-31.87%	54.69%	-0.09%	-1.80%
EBITDA Growth	18.98%	13.17%	50.16%	2.73%	50.16%	64.93%	-290.49%	109.95%	375.77%	-17.37%	-2.69%
EBIT Growth	-21.87%	19.94%	41.90%	17.75%	51.51%	45.32%	-330.59%	104.93%	679.68%	-19.24%	3.09%
NOPAT Growth	-17.98%	46.75%	18.48%	-16.28%	181.33%	-26.53%	-467.53%	97.98%	1,325.44%	-24.79%	-12.35%
Net Income Growth	-17.98%	46.75%	18.48%	-5.83%	91.44%	-7.86%	-646.96%	98.58%	2,172.94%	-13.83%	-3.97%
EPS Growth	-17.58%	27.21%	8.67%	-26.06%	64.75%	-13.97%	-638.07%	122.55%	-15.48%	-20.79%	-10.63%
Operating Cash Flow Growth	-56.19%	54.57%	13.74%	-20.43%	184.61%	-49.82%	104.12%	-62.75%	30.61%	41.92%	-20.33%
Free Cash Flow Firm Growth	102.44%	-2,472.78%	41.62%	10.70%	-69.12%	295.89%	-22.62%	1.10%	-33.22%	-220.70%	93.05%
Invested Capital Growth	1.12%	22.08%	11.94%	9.39%	16.61%	-15.78%	-31.97%	-26.49%	-16.52%	40.69%	5.71%
Revenue Q/Q Growth	2.39%	3.93%	1.67%	-4.07%	12.59%	3.08%	6.50%	-42.60%	125.17%	7.94%	42.14%
EBITDA Q/Q Growth	1.51%	-9.57%	7.94%	-12.73%	14.54%	18.12%	4.62%	-83.69%	546.87%	-3.62%	553.22%
EBIT Q/Q Growth	-0.06%	5.84%	-8.93%	0.27%	8.24%	15.65%	4.43%	-90.86%	333.85%	-3.94%	2,101.70%
NOPAT Q/Q Growth	2.62%	10.28%	-8.83%	-28.18%	66.06%	-11.65%	-7.88%	-105.87%	310.65%	-37.89%	52.89%
Net Income Q/Q Growth	2.62%	10.28%	-8.83%	-19.22%	19.24%	13.37%	-5.52%	-105.21%	251.73%	37.59%	39,232.93%
EPS Q/Q Growth	3.03%	4.85%	-10.90%	-24.86%	24.46%	11.30%	-1.83%	3.46%	16.76%	-30.74%	50.53%
Operating Cash Flow Q/Q Growth	30.36%	0.75%	3.37%	-12.73%	6.37%	151.85%	-24.77%	-26.54%	22.41%	23.53%	-11.17%
Free Cash Flow Firm Q/Q Growth	107.08%	15.26%	-211.99%	72.10%	-38.49%	41.58%	-16.89%	-36.44%	73.10%	46.93%	-118.50%
Invested Capital Q/Q Growth	1.37%	-1.50%	16.26%	-5.04%	-0.06%	-6.75%	-6.50%	0.34%	1.08%	-19.07%	-9.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.91%	21.90%	29.57%	24.80%	31.59%	42.64%	-94.31%	13.77%	42.35%	35.02%	34.70%
EBIT Margin	20.09%	20.36%	25.98%	24.97%	32.10%	38.17%	-102.20%	7.39%	37.24%	30.10%	31.60%
Profit (Net Income) Margin	14.90%	18.47%	19.68%	15.13%	24.57%	18.52%	-117.64%	-2.45%	32.78%	28.27%	27.65%
Tax Burden Percent	74.15%	90.72%	75.75%	60.58%	76.54%	78.60%	100.00%	-33.11%	137.52%	172.21%	162.90%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	61.74%	115.12%	100.00%	64.01%	54.54%	53.71%
Effective Tax Rate	25.85%	9.28%	24.25%	46.15%	0.00%	18.12%	0.00%	133.11%	18.70%	11.14%	23.28%
Return on Invested Capital (ROIC)	1.93%	2.53%	2.57%	1.95%	4.85%	3.59%	-17.17%	-0.49%	7.80%	5.36%	3.91%
ROIC Less NNEP Spread (ROIC-NNEP)	1.93%	2.53%	2.57%	2.45%	2.40%	3.24%	-40.03%	-0.49%	61.95%	26.01%	18.41%
Return on Net Nonoperating Assets (RNNOA)	2.94%	3.67%	3.35%	2.32%	2.09%	2.30%	-19.01%	-0.14%	6.85%	8.36%	7.98%
Return on Equity (ROE)	4.86%	6.20%	5.92%	4.27%	6.94%	5.89%	-36.18%	-0.64%	14.65%	13.72%	11.89%
Cash Return on Invested Capital (CROIC)	0.82%	-17.35%	-8.69%	-7.02%	-10.49%	20.72%	20.88%	30.04%	25.81%	-28.45%	-1.65%
Operating Return on Assets (OROA)	0.75%	0.76%	0.91%	0.88%	1.16%	1.58%	-3.55%	0.19%	1.53%	1.19%	1.20%
Return on Assets (ROA)	0.55%	0.69%	0.69%	0.53%	0.89%	0.77%	-4.09%	-0.06%	1.35%	1.12%	1.05%
Return on Common Equity (ROCE)	4.86%	6.20%	5.92%	4.20%	6.75%	5.74%	-35.68%	-0.64%	14.65%	13.72%	11.89%
Return on Equity Simple (ROE_SIMPLE)	4.76%	5.58%	5.37%	3.69%	6.81%	5.54%	-44.88%	-0.64%	16.41%	13.33%	11.10%
Net Operating Profit after Tax (NOPAT)	34	50	59	49	138	102	-373	-7.55	93	70	61
NOPAT Margin	14.90%	18.47%	19.68%	13.45%	32.10%	19.30%	-82.35%	-2.45%	19.38%	14.59%	13.02%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-0.50%	2.44%	0.35%	22.86%	0.00%	-54.15%	-20.66%	-14.51%
SG&A Expenses to Revenue	55.64%	54.47%	51.95%	50.03%	47.10%	40.20%	50.16%	74.16%	48.39%	50.78%	50.55%
Operating Expenses to Revenue	73.30%	73.41%	68.20%	69.27%	61.99%	55.10%	185.45%	92.61%	60.46%	63.19%	63.28%
Earnings before Interest and Taxes (EBIT)	46	55	77	91	138	201	-463	23	178	144	148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	52	59	88	91	136	224	-427	43	202	167	163
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.72	0.80	0.85	0.94	0.69	0.84	0.67	1.09	1.32	1.03	1.04
Price to Tangible Book Value (P/TBV)	1.19	1.28	1.39	1.53	1.08	1.28	0.69	1.12	1.35	1.05	1.05
Price to Revenue (P/Rev)	2.27	2.64	3.12	3.76	2.41	2.73	1.76	4.19	2.64	2.19	2.59
Price to Earnings (P/E)	15.21	14.30	15.84	24.92	9.90	14.87	0.00	0.00	8.04	7.76	9.37
Dividend Yield	3.53%	3.32%	2.68%	2.77%	3.85%	3.20%	4.58%	2.26%	1.93%	3.00%	2.55%
Earnings Yield	6.58%	6.99%	6.31%	4.01%	10.10%	6.73%	0.00%	0.00%	12.44%	12.89%	10.67%
Enterprise Value to Invested Capital (EV/IC)	0.85	0.87	0.88	0.87	0.79	0.67	0.00	0.00	0.65	0.23	0.33
Enterprise Value to Revenue (EV/Rev)	6.60	6.97	7.15	6.30	5.61	3.28	0.00	0.00	1.46	0.73	1.12
Enterprise Value to EBITDA (EV/EBITDA)	28.79	31.81	24.16	25.40	17.74	7.68	0.00	0.00	3.45	2.09	3.22
Enterprise Value to EBIT (EV/EBIT)	32.82	34.22	27.50	25.22	17.46	8.58	0.00	0.00	3.93	2.44	3.54
Enterprise Value to NOPAT (EV/NOPAT)	44.27	37.72	36.31	46.84	17.46	16.97	0.00	0.00	7.55	5.03	8.59
Enterprise Value to Operating Cash Flow (EV/OCF)	26.76	21.65	21.70	29.46	10.86	15.45	0.00	0.00	6.31	2.23	4.18
Enterprise Value to Free Cash Flow (EV/FCFF)	104.43	0.00	0.00	0.00	0.00	2.94	0.00	0.00	2.28	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.48	1.42	1.20	0.76	0.98	0.47	0.48	0.09	0.13	0.50	0.38
Long-Term Debt to Equity	0.21	0.22	0.21	0.31	0.26	0.40	0.45	0.09	0.13	0.24	0.29
Financial Leverage	1.53	1.45	1.30	0.95	0.87	0.71	0.47	0.29	0.11	0.32	0.43
Leverage Ratio	8.78	8.98	8.58	8.01	7.80	7.68	8.84	10.29	10.87	12.25	11.33
Compound Leverage Factor	8.78	8.98	8.58	8.01	7.80	4.74	10.18	10.29	6.96	6.68	6.09
Debt to Total Capital	59.74%	58.75%	54.58%	43.18%	49.43%	32.00%	32.49%	8.57%	11.63%	33.35%	27.29%
Short-Term Debt to Total Capital	51.14%	49.81%	44.95%	25.34%	36.44%	4.83%	2.27%	0.00%	0.00%	17.12%	6.45%
Long-Term Debt to Total Capital	8.60%	8.93%	9.64%	17.84%	12.99%	27.17%	30.22%	8.57%	11.63%	16.24%	20.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	1.54%	1.32%	1.57%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	40.26%	41.25%	45.42%	55.28%	49.25%	66.43%	67.51%	91.43%	88.37%	66.65%	72.71%
Debt to EBITDA	20.28	21.52	14.90	12.55	11.16	3.69	-1.34	2.61	0.62	3.03	2.69
Net Debt to EBITDA	18.90	19.75	13.62	9.81	9.81	1.10	2.31	-35.69	-2.77	-4.17	-4.25
Long-Term Debt to EBITDA	2.92	3.27	2.63	5.19	2.93	3.13	-1.24	2.61	0.62	1.48	2.06
Debt to NOPAT	31.19	25.51	22.40	23.15	10.98	8.15	-1.53	-14.68	1.36	7.28	7.18
Net Debt to NOPAT	29.06	23.42	20.47	18.09	9.66	2.44	2.64	200.90	-6.05	-10.01	-11.32
Long-Term Debt to NOPAT	4.49	3.88	3.95	9.56	2.89	6.92	-1.42	-14.68	1.36	3.54	5.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	1.57%	2.67%	2.45%	1.38%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	14	-339	-198	-177	-299	586	454	459	306	-370	-26
Operating Cash Flow to CapEx	909.76%	1,698.92%	1,105.83%	693.77%	2,377.30%	1,055.61%	3,158.17%	5,279.45%	7,407.29%	8,634.95%	2,740.94%
Free Cash Flow to Firm to Interest Expense	0.50	-10.23	-4.11	-2.76	-2.73	4.06	4.88	12.10	7.18	-1.78	-0.10
Operating Cash Flow to Interest Expense	1.97	2.60	2.04	1.22	2.03	0.77	2.45	2.24	2.60	0.76	0.48
Operating Cash Flow Less CapEx to Interest Expense	1.75	2.45	1.85	1.04	1.94	0.70	2.37	2.19	2.56	0.75	0.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.04	0.04	0.04
Fixed Asset Turnover	2.64	3.06	3.29	3.61	3.95	0.00	0.00	2.98	5.32	6.19	7.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,762	2,151	2,407	2,633	3,071	2,586	1,759	1,293	1,080	1,519	1,606
Invested Capital Turnover	0.13	0.14	0.13	0.14	0.15	0.19	0.21	0.20	0.40	0.37	0.30
Increase / (Decrease) in Invested Capital	19	389	257	226	437	-485	-827	-466	-214	439	87
Enterprise Value (EV)	1,494	1,868	2,130	2,300	2,413	1,723	-187	-224	699	350	524
Market Capitalization	513	708	929	1,371	1,038	1,435	799	1,293	1,258	1,046	1,214
Book Value per Share	$28.17	$28.64	$35.07	$32.16	$33.30	$34.40	$23.37	$24.30	$21.19	$23.18	$27.16
Tangible Book Value per Share	$17.19	$17.84	$21.52	$19.84	$21.15	$22.40	$22.68	$23.69	$20.65	$22.73	$26.81
Total Capital	1,762	2,151	2,407	2,633	3,071	2,586	1,759	1,293	1,080	1,519	1,606
Total Debt	1,052	1,263	1,314	1,137	1,518	828	572	111	126	507	438
Total Long-Term Debt	151	192	232	470	399	703	532	111	126	247	335
Net Debt	981	1,160	1,201	888	1,335	248	-986	-1,517	-560	-697	-690
Capital Expenditures (CapEx)	6.14	5.08	8.88	11	9.35	11	7.21	1.61	1.50	1.82	4.57
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	-6.13	32	4.07	160	0.00	-64	-65	-69
Net Nonoperating Obligations (NNO)	1,052	1,263	1,314	1,137	1,518	828	572	111	126	507	438
Total Depreciation and Amortization (D&A)	6.38	4.13	11	-0.63	-2.17	24	36	20	24	23	15
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.36	$1.74	$1.89	$1.40	$2.30	$1.98	($10.60)	$2.41	$2.03	$1.61	$1.44
Adjusted Weighted Average Basic Shares Outstanding	24.73M	28.39M	30.99M	39.46M	46.02M	49.26M	50.27M	49.24M	45.56M	43.29M	42.51M
Adjusted Diluted Earnings per Share	$1.36	$1.73	$1.88	$1.39	$2.29	$1.97	($10.60)	$2.39	$2.02	$1.60	$1.43
Adjusted Weighted Average Diluted Shares Outstanding	24.85M	28.56M	31.17M	39.70M	46.23M	49.42M	50.27M	49.55M	45.91M	43.50M	42.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.25M	31.08M	35.73M	45.37M	45.53M	50.20M	51.04M	48.38M	44.47M	43.62M	46.40M
Normalized Net Operating Profit after Tax (NOPAT)	34	50	59	49	97	124	19	20	100	75	68
Normalized NOPAT Margin	14.90%	18.47%	19.68%	13.45%	22.47%	23.66%	4.11%	6.48%	20.89%	15.75%	14.57%
Pre Tax Income Margin	20.09%	20.36%	25.98%	24.97%	32.10%	23.57%	-117.65%	7.39%	23.83%	16.42%	16.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.61	1.65	1.61	1.42	1.26	1.39	-4.98	0.60	4.17	0.69	0.56
NOPAT to Interest Expense	1.19	1.49	1.22	0.77	1.26	0.70	-4.01	-0.20	2.17	0.34	0.23
EBIT Less CapEx to Interest Expense	1.39	1.49	1.42	1.25	1.17	1.32	-5.06	0.56	4.13	0.68	0.55
NOPAT Less CapEx to Interest Expense	0.97	1.34	1.03	0.59	1.17	0.63	-4.09	-0.24	2.13	0.33	0.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	53.57%	44.23%	42.47%	60.17%	38.66%	46.29%	-6.86%	-325.16%	15.67%	23.51%	23.89%
Augmented Payout Ratio	60.88%	45.34%	42.47%	60.17%	38.66%	100.41%	-6.95%	-1,235.13%	95.22%	41.19%	37.42%

This table displays calculated financial ratios and metrics derived from Berkshire Hills Bancorp's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-25.29%	343.83%	56.37%	30.09%	14.92%	-49.35%	-45.38%	-1.27%	15.01%	35.02%	80.63%
EBITDA Growth	-64.62%	194.43%	185.07%	43.20%	50.14%	-87.04%	-111.39%	0.94%	53.57%	197.87%	960.78%
EBIT Growth	-70.26%	180.65%	235.07%	54.13%	69.02%	-92.08%	-122.21%	6.68%	64.38%	382.58%	580.82%
NOPAT Growth	-70.64%	144.96%	185.36%	3.23%	4.42%	-110.16%	-167.07%	0.69%	91.91%	571.64%	238.76%
Net Income Growth	-70.64%	167.89%	350.70%	77.87%	93.65%	-86.79%	-110.62%	-0.63%	51.98%	175.60%	1,042.12%
EPS Growth	-67.94%	74.36%	50.00%	10.00%	7.14%	-104.41%	-174.60%	3.64%	95.56%	1,600.00%	219.15%
Operating Cash Flow Growth	312.26%	905.00%	207.09%	1,152.96%	-54.29%	132.99%	-83.27%	23.02%	32.25%	-30.02%	239.00%
Free Cash Flow Firm Growth	-63.51%	-32.06%	-284.18%	-294.24%	-429.36%	-274.07%	167.82%	93.49%	117.31%	84.88%	-172.49%
Invested Capital Growth	-17.13%	-16.52%	67.58%	39.48%	75.70%	40.69%	-27.34%	3.11%	-5.28%	5.71%	28.11%
Revenue Q/Q Growth	10.88%	73.77%	115.98%	-2.34%	-2.05%	-23.41%	-25.44%	76.53%	14.10%	-10.08%	-0.26%
EBITDA Q/Q Growth	-14.07%	315.80%	2,354.00%	-8.81%	-9.90%	-64.10%	-138.61%	908.34%	37.08%	-30.37%	11.57%
EBIT Q/Q Growth	-19.07%	399.78%	604.49%	-8.42%	-11.26%	-76.59%	-216.74%	539.85%	36.74%	-31.27%	16.31%
NOPAT Q/Q Growth	-19.03%	119.14%	-32.62%	-13.66%	-18.09%	-121.32%	-344.73%	229.62%	56.12%	-47.59%	30.84%
Net Income Q/Q Growth	-19.03%	461.05%	289.96%	-5.81%	-11.84%	-61.73%	-133.43%	981.11%	34.82%	-30.60%	14.28%
EPS Q/Q Growth	-16.00%	61.90%	-7.35%	-12.70%	-18.18%	-106.67%	-1,466.67%	221.28%	54.39%	-48.86%	24.44%
Operating Cash Flow Q/Q Growth	2,990.76%	-70.97%	82.13%	-31.10%	25.50%	47.93%	-86.92%	406.54%	34.91%	-21.72%	-36.63%
Free Cash Flow Firm Q/Q Growth	-2.42%	6.33%	-409.13%	39.44%	-65.46%	43.80%	220.43%	-105.81%	539.90%	-149.10%	-477.32%
Invested Capital Q/Q Growth	-15.79%	1.08%	87.21%	-12.47%	6.08%	-19.07%	-3.31%	24.21%	-2.55%	-9.68%	17.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	27.87%	66.69%	42.40%	39.59%	36.41%	17.07%	-8.84%	40.47%	48.62%	37.65%	42.12%
EBIT Margin	21.84%	62.81%	37.80%	35.45%	32.12%	9.82%	-15.37%	38.30%	45.90%	35.09%	40.92%
Profit (Net Income) Margin	17.28%	55.78%	33.54%	32.35%	29.11%	14.55%	-6.52%	32.56%	38.47%	29.69%	34.02%
Tax Burden Percent	79.11%	227.09%	131.54%	147.87%	155.65%	-232.95%	17.51%	130.81%	114.39%	143.68%	126.34%
Interest Burden Percent	100.00%	39.11%	67.45%	61.71%	58.24%	-63.60%	242.30%	64.98%	73.26%	58.89%	65.81%
Effective Tax Rate	20.89%	11.30%	16.72%	14.18%	16.07%	0.00%	0.00%	23.08%	22.11%	26.12%	25.62%
Return on Invested Capital (ROIC)	3.11%	8.77%	5.22%	5.26%	4.71%	-1.61%	-6.25%	3.31%	4.73%	4.58%	6.29%
ROIC Less NNEP Spread (ROIC-NNEP)	3.11%	62.92%	8.03%	8.55%	7.89%	4.10%	-4.37%	5.41%	6.88%	8.51%	9.43%
Return on Net Nonoperating Assets (RNNOA)	0.35%	6.96%	4.37%	4.52%	4.38%	1.32%	-3.24%	4.37%	5.56%	3.69%	4.89%
Return on Equity (ROE)	3.46%	15.73%	9.59%	9.78%	9.09%	-0.29%	-9.48%	7.69%	10.28%	8.27%	11.17%
Cash Return on Invested Capital (CROIC)	15.01%	25.81%	-43.67%	-25.65%	-47.31%	-28.45%	32.92%	-1.84%	7.61%	-1.65%	-18.27%
Operating Return on Assets (OROA)	0.40%	2.58%	1.23%	1.28%	1.21%	0.39%	-0.53%	0.98%	1.27%	1.33%	1.78%
Return on Assets (ROA)	0.32%	2.29%	1.09%	1.16%	1.10%	0.58%	-0.22%	0.83%	1.07%	1.13%	1.48%
Return on Common Equity (ROCE)	3.46%	15.73%	9.59%	9.78%	9.09%	-0.29%	-9.48%	7.69%	10.28%	8.27%	11.17%
Return on Equity Simple (ROE_SIMPLE)	-10.94%	0.00%	6.28%	8.27%	10.31%	0.00%	8.57%	-1.89%	-0.03%	0.00%	14.86%
Net Operating Profit after Tax (NOPAT)	19	41	28	24	20	-4.17	-19	24	38	20	26
NOPAT Margin	17.28%	21.79%	21.23%	18.77%	15.70%	-4.37%	-26.07%	19.14%	26.20%	15.27%	20.03%
Net Nonoperating Expense Percent (NNEP)	0.00%	-54.15%	-2.82%	-3.29%	-3.18%	-5.71%	-1.87%	-2.10%	-2.15%	-3.93%	-3.14%
SG&A Expenses to Revenue	53.66%	31.00%	45.43%	47.92%	49.11%	64.06%	85.03%	46.98%	41.14%	45.45%	46.44%
Operating Expenses to Revenue	75.39%	37.19%	55.29%	58.26%	61.46%	82.84%	106.93%	56.52%	50.26%	60.25%	54.80%
Earnings before Interest and Taxes (EBIT)	24	118	49	45	40	9.36	-11	48	66	45	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	126	55	50	45	16	-6.28	51	70	48	54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	1.32	1.07	0.91	0.90	1.03	0.96	0.97	1.08	1.04	1.01
Price to Tangible Book Value (P/TBV)	1.29	1.35	1.10	0.93	0.92	1.05	0.98	0.99	1.10	1.05	1.02
Price to Revenue (P/Rev)	5.57	2.64	2.69	2.08	1.93	2.19	2.33	3.17	3.51	2.59	2.30
Price to Earnings (P/E)	0.00	8.04	17.08	11.03	8.72	7.76	11.25	0.00	0.00	9.37	6.81
Dividend Yield	2.32%	1.93%	2.50%	3.29%	3.71%	3.00%	3.23%	3.16%	2.67%	2.55%	3.45%
Earnings Yield	0.00%	12.44%	5.85%	9.07%	11.47%	12.89%	8.89%	0.00%	0.00%	10.67%	14.69%
Enterprise Value to Invested Capital (EV/IC)	0.57	0.65	0.54	0.59	0.60	0.23	0.16	0.38	0.73	0.33	0.57
Enterprise Value to Revenue (EV/Rev)	2.88	1.46	2.74	2.45	2.53	0.73	0.57	2.24	3.93	1.12	2.03
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.45	8.36	6.80	6.44	2.09	2.26	1,149.72	52.01	3.22	4.79
Enterprise Value to EBIT (EV/EBIT)	0.00	3.93	10.42	8.14	7.47	2.44	2.86	0.00	192.55	3.54	5.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	7.55	9.84	9.37	9.97	5.03	10.97	31.81	32.45	8.59	10.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.76	6.31	7.85	6.16	8.78	2.23	1.94	5.39	9.19	4.18	7.55
Enterprise Value to Free Cash Flow (EV/FCFF)	3.45	2.28	0.00	0.00	0.00	0.00	0.42	0.00	9.32	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.13	1.03	0.82	0.97	0.50	0.45	0.80	0.66	0.38	0.57
Long-Term Debt to Equity	0.13	0.13	0.13	0.33	0.27	0.24	0.25	0.28	0.33	0.29	0.24
Financial Leverage	0.11	0.11	0.54	0.53	0.56	0.32	0.74	0.81	0.81	0.43	0.52
Leverage Ratio	10.92	10.87	11.69	11.91	12.39	12.25	12.20	12.24	11.75	11.33	10.95
Compound Leverage Factor	10.92	4.25	7.88	7.35	7.21	-7.79	29.56	7.95	8.61	6.68	7.20
Debt to Total Capital	11.75%	11.63%	50.74%	44.97%	49.32%	33.35%	31.23%	44.47%	39.78%	27.29%	36.39%
Short-Term Debt to Total Capital	0.00%	0.00%	44.53%	26.57%	35.70%	17.12%	14.30%	29.19%	19.89%	6.45%	21.26%
Long-Term Debt to Total Capital	11.75%	11.63%	6.21%	18.41%	13.62%	16.24%	16.93%	15.27%	19.89%	20.84%	15.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.25%	88.37%	49.26%	55.03%	50.68%	66.65%	68.77%	55.53%	60.22%	72.71%	63.61%
Debt to EBITDA	-2.77	0.62	7.89	5.19	5.34	3.03	4.34	1,336.23	28.41	2.69	3.07
Net Debt to EBITDA	12.58	-2.77	0.15	1.01	1.51	-4.17	-6.96	-476.44	5.51	-4.25	-0.64
Long-Term Debt to EBITDA	-2.77	0.62	0.97	2.12	1.47	1.48	2.35	458.97	14.21	2.06	1.28
Debt to NOPAT	-2.86	1.36	9.28	7.15	8.26	7.28	21.06	36.97	17.72	7.18	6.40
Net Debt to NOPAT	12.96	-6.05	0.17	1.39	2.34	-10.01	-33.76	-13.18	3.44	-11.32	-1.33
Long-Term Debt to NOPAT	-2.86	1.36	1.14	2.93	2.28	3.54	11.42	12.70	8.86	5.48	2.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	240	255	-787	-477	-789	-443	534	-31	137	-67	-387
Operating Cash Flow to CapEx	0.00%	2,942.75%	5,444.89%	0.00%	0.00%	4,915.65%	2,919.57%	10,928.93%	10,083.44%	1,033.89%	688.34%
Free Cash Flow to Firm to Interest Expense	20.67	13.20	-22.64	-9.05	-13.68	-7.14	8.36	-0.47	1.97	-1.05	-6.61
Operating Cash Flow to Interest Expense	6.69	1.17	1.18	0.54	0.61	0.84	0.11	0.53	0.68	0.58	0.40
Operating Cash Flow Less CapEx to Interest Expense	6.69	1.13	1.16	0.54	0.61	0.83	0.10	0.53	0.67	0.52	0.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.04	0.03	0.04	0.04	0.04	0.03	0.03	0.03	0.04	0.04
Fixed Asset Turnover	2.28	5.32	4.62	5.11	5.64	6.19	6.12	4.68	5.29	7.47	9.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,068	1,080	2,021	1,769	1,877	1,519	1,469	1,824	1,778	1,606	1,881
Invested Capital Turnover	0.18	0.40	0.25	0.28	0.30	0.37	0.24	0.17	0.18	0.30	0.31
Increase / (Decrease) in Invested Capital	-221	-214	815	501	809	439	-553	55	-99	87	413
Enterprise Value (EV)	611	699	1,087	1,043	1,117	350	239	698	1,295	524	1,069
Market Capitalization	1,181	1,258	1,068	888	855	1,046	974	987	1,158	1,214	1,211
Book Value per Share	$20.64	$21.19	$22.39	$21.98	$21.61	$23.18	$23.61	$23.40	$24.90	$27.16	$26.20
Tangible Book Value per Share	$20.07	$20.65	$21.86	$21.49	$21.14	$22.73	$23.18	$23.00	$24.53	$26.81	$25.89
Total Capital	1,068	1,080	2,021	1,769	1,877	1,519	1,469	1,824	1,778	1,606	1,881
Total Debt	125	126	1,026	796	926	507	459	811	707	438	685
Total Long-Term Debt	125	126	126	326	256	247	249	279	354	335	285
Net Debt	-569	-560	19	155	262	-697	-735	-289	137	-690	-142
Capital Expenditures (CapEx)	0.00	0.77	0.75	0.00	0.00	1.07	0.24	0.32	0.47	3.55	3.38
Net Nonoperating Expense (NNE)	0.00	-64	-16	-17	-17	-18	-14	-17	-18	-19	-18
Net Nonoperating Obligations (NNO)	125	126	1,026	796	926	507	459	811	707	438	685
Total Depreciation and Amortization (D&A)	6.54	7.30	5.98	5.26	5.35	6.91	4.65	2.72	3.89	3.30	1.54
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.42	$0.69	$0.63	$0.55	$0.45	($0.02)	($0.47)	$0.57	$0.89	$0.45	$0.56
Adjusted Weighted Average Basic Shares Outstanding	44.70M	45.56M	43.69M	43.44M	43.16M	43.29M	42.78M	42.44M	42.17M	42.51M	45.68M
Adjusted Diluted Earnings per Share	$0.42	$0.68	$0.63	$0.55	$0.45	($0.03)	($0.47)	$0.57	$0.88	$0.45	$0.56
Adjusted Weighted Average Diluted Shares Outstanding	45.03M	45.91M	44.04M	43.53M	43.35M	43.50M	43.03M	42.51M	42.45M	42.76M	46.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.03M	44.47M	44.28M	44.01M	43.67M	43.62M	43.29M	42.98M	42.98M	46.40M	46.31M
Normalized Net Operating Profit after Tax (NOPAT)	28	41	28	24	22	-1.60	-16	24	37	25	26
Normalized NOPAT Margin	25.66%	21.79%	21.21%	18.79%	17.46%	-1.68%	-22.51%	18.91%	26.03%	19.03%	20.03%
Pre Tax Income Margin	21.84%	24.56%	25.50%	21.88%	18.70%	-6.24%	-37.25%	24.89%	33.63%	20.66%	26.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.04	6.13	1.41	0.86	0.69	0.15	-0.17	0.73	0.95	0.71	0.90
NOPAT to Interest Expense	1.62	2.13	0.79	0.45	0.34	-0.07	-0.29	0.37	0.54	0.31	0.44
EBIT Less CapEx to Interest Expense	2.04	6.09	1.39	0.86	0.69	0.13	-0.17	0.73	0.94	0.65	0.84
NOPAT Less CapEx to Interest Expense	1.62	2.09	0.77	0.45	0.34	-0.08	-0.29	0.36	0.54	0.25	0.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-21.86%	15.67%	42.21%	36.73%	32.62%	23.51%	27.37%	-163.39%	-7,037.46%	23.89%	22.10%
Augmented Payout Ratio	-123.20%	95.22%	196.53%	103.55%	70.49%	41.19%	58.20%	-308.48%	-14,359.52%	37.42%	29.68%

Key Financial Trends

Berkshire Hills Bancorp (NYSE: BHLB) has demonstrated notable financial trends over the last several years up to Q1 2025.

Here are the key observations from the quarterly financial statements:

Strong growth in net income: The consolidated net income increased from a loss of $4.6 million in Q1 2024 to a positive $43.7 million in Q1 2025, indicating a turnaround and solid profitability improvement.
Rising net interest income: Net interest income increased consistently from around $81.3 million in Q2 2022 to $89.7 million in Q1 2025, showing effective income generation from loans and leases.
Increasing earning asset base: Loans and leases net of allowance grew from about $7.7 billion in Q2 2022 to over $9.3 billion by Q1 2025, supporting income growth potential.
Improved operating cash flow: Net cash from operating activities improved from negative values in early 2022 to $23.3 million in Q1 2025, reflecting better cash conversion of earnings.
Stable common equity: Total common equity rose from approximately $973 million in Q2 2022 to $1.2 billion by Q1 2025, indicating strengthened capital base.
Provision for credit losses: Provisions fluctuated, peaking around $9 million in some quarters, but settled near $5.5 million in Q1 2025, which may signal stable credit risk management.
Consistent dividend payouts: Cash dividends per share remained steady at $0.18 over the last several quarters, supporting investor returns.
Significant decrease in deposits in Q1 2025: Net change in deposits dropped by nearly $495 million, which could pressure funding and liquidity.
High repayment of debt: Debt repayments remain sizable, with $253.6 million repaid in Q1 2025, which reduces leverage capacity but also impacts cash flow.
Large investment purchases: The company purchased $142 million in investment securities in Q1 2025, offset by sales of $98.6 million, resulting in net cash outflow from investing activities.

In summary, Berkshire Hills Bancorp has seen a commendable recovery in profitability and growth in net interest income supported by expanding loan assets and a solid capital base. However, challenges such as deposit contraction and substantial debt repayments may require monitoring. The consistency in dividends signals confidence in earnings sustainability. Investors may want to watch future deposit trends and credit loss provisions closely for any emerging risks.

08/29/25 09:03 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Berkshire Hills Bancorp's Financials

When does Berkshire Hills Bancorp's financial year end?

According to the most recent income statement we have on file, Berkshire Hills Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Berkshire Hills Bancorp's net income changed over the last 10 years?

Berkshire Hills Bancorp's net income appears to be on an upward trend, with a most recent value of $129.53 million in 2024, rising from $33.74 million in 2014. The previous period was $134.88 million in 2023. Find out what analysts predict for Berkshire Hills Bancorp in the coming months.

How has Berkshire Hills Bancorp's revenue changed over the last 10 years?

Over the last 10 years, Berkshire Hills Bancorp's total revenue changed from $226.46 million in 2014 to $468.53 million in 2024, a change of 106.9%.

How much debt does Berkshire Hills Bancorp have?

Berkshire Hills Bancorp's total liabilities were at $11.11 billion at the end of 2024, a 2.7% decrease from 2023, and a 91.7% increase since 2014.

How much cash does Berkshire Hills Bancorp have?

In the past 10 years, Berkshire Hills Bancorp's cash and equivalents has ranged from $71.75 million in 2014 to $1.63 billion in 2021, and is currently $1.13 billion as of their latest financial filing in 2024.

How has Berkshire Hills Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, Berkshire Hills Bancorp's book value per share changed from 28.17 in 2014 to 27.16 in 2024, a change of -3.6%.

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This page (NYSE:BHLB) was last updated on 8/29/2025 by MarketBeat.com Staff

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Berkshire Hills Bancorp (BHLB) Financials

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Berkshire Hills Bancorp (BHLB) Financials

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