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Berkshire Hills Bancorp (BHLB) Financials

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Annual Income Statements for Berkshire Hills Bancorp

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

Quarterly Income Statements for Berkshire Hills Bancorp

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

Annual Cash Flow Statements for Berkshire Hills Bancorp

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

Quarterly Cash Flow Statements for Berkshire Hills Bancorp

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

Annual Balance Sheets for Berkshire Hills Bancorp

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

Quarterly Balance Sheets for Berkshire Hills Bancorp

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

Annual Metrics And Ratios for Berkshire Hills Bancorp

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%

Quarterly Metrics And Ratios for Berkshire Hills Bancorp

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%

Financials Breakdown Chart

Key Financial Trends

Berkshire Hills Bancorp (NYSE: BHLB) has demonstrated a generally positive financial trajectory over the past four years, with some fluctuations in key metrics worth noting for investors.

Positive Trends and Highlights:

  • Net Interest Income has gradually increased from about $81.4 million in Q2 2022 to $89.8 million in Q1 2025, reflecting strong core banking operations.
  • Consistent growth in service charge income, which rose from about $17.3 million in Q2 2022 to nearly $38.7 million in Q1 2025, highlighting diversified fee-based revenue streams.
  • Total Revenue remained strong with $128.4 million in Q1 2025 compared to $97.7 million in Q2 2022, indicating overall business expansion.
  • The company returned to profitability with a consolidated net income of approximately $25.7 million in Q1 2025, improving significantly from a loss impact in early 2024.
  • Improvements in Earnings Per Share, rising to $0.56 diluted EPS in Q1 2025 from negative or lower EPS in earlier periods, showing enhanced shareholder value.
  • Cash and cash equivalents have significantly risen to $826 million as of Q1 2025, providing liquidity and flexibility for investments or obligations.
  • Loans and leases have increased steadily to about $9.4 billion gross balance by Q1 2025, supporting core lending activities.
  • The company maintains a solid capital base with total common equity increasing to about $1.2 billion by Q1 2025, strengthening financial stability.

Neutral Aspects:

  • Provision for loan losses fluctuated but remains elevated at $5.5 million in Q1 2025, a cautious approach to credit risk management but with cost impact.
  • Non-interest expenses remain sizable but relatively stable, with salaries and employee benefits around $40.6 million in Q1 2025, reflecting operational scale.

Negative Points and Risks:

  • Net cash flow from financing activities was highly negative in Q1 2025 (-$278 million), driven by deposit decreases and debt repayments, which could impact liquidity if sustained.
  • The significant sale and maturity of investment securities, and net purchase activity, imply active management but also a volatile investment portfolio.
  • The company reported net losses and negative EPS in early 2024, indicating prior challenges in profitability before recent recovery.
  • Accumulated Other Comprehensive Income (AOCI) remains negative (around -$95 million in Q1 2025), which may relate to unrealized losses on securities affecting equity.

Summary: Berkshire Hills Bancorp has shown resilience and improvement in profitability and revenue generation through early 2025, supported by increasing net interest income and fee income. The bank has strengthened its capital base and liquidity, although elevated provisions for loan losses and previous losses earlier in 2024 indicate some ongoing risk exposure. Financing cash outflows and negative comprehensive income highlight areas to monitor. Overall, the company appears to be on a recovery path after a challenging period, with promising signs for growth and shareholder returns.

10/10/25 05:51 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Berkshire Hills Bancorp's Financials

When does Berkshire Hills Bancorp's fiscal year end?

According to the most recent income statement we have on file, Berkshire Hills Bancorp's financial year ends in December. Their financial 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. See Berkshire Hills Bancorp's forecast for analyst expectations on what’s next for the company.

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 10/10/2025 by MarketBeat.com Staff
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