Berkshire Hills Bancorp

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The firm offers deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. It aims to expand and deepen market share and wallet share through organic growth and acquisition strategies. The company was founded in June 2000 and is headquartered in Boston, MA.

Earnings data Q1 2021

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Earnings data Q4 2024

Berkshire Hills Bancorp excels in Q4 2022, faces economic challenges

Berkshire Hills Bancorp delivered strong financial performance in Q4 and full-year 2022, supported by a robust balance sheet and progress on key strategic initiatives.
The company faces challenges related to potential economic uncertainties, office space exposure, and credit risk management, which require careful monitoring and strategic decision-making.
Opportunities for growth and profitability exist in the outlook for 2023, strategic hiring, and margin improvement, positioning the company for continued success and value creation.

Berkshire Hills Bancorp achieves record Q1 earnings amid market challenges

Berkshire Hills Bancorp delivered strong financial performance in Q1, with record EPS and notable growth in key metrics.
The company faces challenges in managing net interest margin pressure and navigating market uncertainties.
Opportunities lie in optimizing capital deployment, enhancing operational efficiency, and maintaining strong asset quality.
Overall, Berkshire Hills Bancorp's performance reflects resilience and strategic focus amidst evolving market dynamics.

Berkshire Bank reports Q2 income dip, focuses on sustainability

Berkshire Bank's Q2 showed mixed performance with income decline but stable deposits.
Strengths include sustainability focus, improved Net Promoter Score, and team expansion plans.
Challenges lie in lower loan growth expectations and increased operating expenses.
Opportunities include selling residential production, hiring deposit generators, and commercial growth.

Berkshire Hills Bancorp reports mixed Q3 results, eyes efficiency gains

Berkshire Hills Bancorp faced a short-term decline in operating net income and EPS but maintained stable deposits and saw growth in average loan balances.
The company highlighted improvements in asset quality metrics, discussed expense management, and emphasized risk management practices.
While challenges like branch closures and restructuring charges were mentioned, opportunities for cost savings and revenue growth through fee income enhancements were identified.
Overall, Berkshire Bank's strategic focus on technology upgrades and branch network optimization positions it for potential efficiency gains and sustained performance.

Berkshire Hills Bancorp focuses on growth amidst Q4 challenges

Berkshire Hills Bancorp's Q4 performance highlighted expense optimization and credit management priorities for 2024.
Despite challenges in operating EPS decline and expense management, the bank's strong balance sheet and strategic priorities position it for growth.
Opportunities in deposit capture, Boston market expansion, and wealth management underscore the bank's long-term growth strategy.

Berkshire Hills Bancorp posts solid Q1 results amidst strategic shifts

Berkshire Hills Bancorp's Q1 performance reflects solid financials, efficient cost management, and a strategic branch sale to enhance profitability.
Despite challenges from aggressive competitor pricing and balance sheet adjustments, the bank's focus on resilience and growth opportunities shines through.
Opportunities for increased buybacks, capital deployment post-transaction, and strategic investments position the bank for sustainable growth and value creation.

Berkshire Hills Bancorp reports robust Q2 performance and digital growth

Berkshire Hills Bancorp demonstrated strong financial performance in Q2 2024, marked by growth in EPS and net income, alongside effective cost management.
The bank's focus on capital strength, liquidity, and strategic initiatives positions it well to navigate challenges and capitalize on growth opportunities.
To sustain momentum, Berkshire Hills Bancorp must address challenges, seize growth opportunities, and stay agile in a dynamic banking environment.

Berkshire Hills Bancorp reports robust Q3 results and eyes growth

Berkshire Hills Bancorp (BHLB) showcased strong financial performance and asset quality in Q3 2024, underpinned by strategic initiatives and prudent risk management practices.
While facing challenges such as managing expenses and credit risk, the company remains focused on long-term profitability and enhancing shareholder value.
Opportunities lie in expanding digital deposit products, optimizing operational efficiency, and navigating market uncertainties to drive sustainable growth.

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Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The firm offers deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. It aims to expand and deepen market share and wallet share through organic growth and acquisition strategies. The company was founded in 1846 and is headquartered in Boston, MA.

Berkshire Hills (BHLB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Berkshire Hills (BHLB) Upgraded to Buy: Here's What You Should Know

Here is how Berkshire Hills Bancorp (BHLB) and Brookline Bancorp (BRKL) have performed compared to their sector so far this year.

Is Berkshire Hills Bancorp (BHLB) Stock Outpacing Its Finance Peers This Year?

Financial, Investment, and Business Expertise Will Bolster Transformation   BOSTON, March 14, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible, community-dedicated bank with branch locations in New England and New York, announced the election of Mihir A. Desai to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective March 10, 2022.

Berkshire Hills Appoints Mihir A. Desai As New Independent Director

BOSTON, Feb. 14, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank  with branch locations in New England and New York announced that its CEO Nitin Mhatre will discuss Digital Banking Transformation at the KBW Winter Financial Services Symposium on Thursday, February 17 beginning at 1:10pm ET. Berkshire CEO Mhatre will be joined by Narmi Co-Founder Nikhil Lakhanpal and KBW's Managing Director Mike Perito to discuss Berkshire's digital transformation journey.

Berkshire Hills CEO to Discuss Digital Banking Transformation at KBW Winter Financial Services Symposium

Berkshire Hills Bancorp, Inc. (BHLB) CEO Nitin Mhatre on Q4 2021 Results - Earnings Call Transcript

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 0% and 0.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Berkshire Hills Bancorp (BHLB) Q4 Earnings Match Estimates

BOSTON, Jan. 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that fourth quarter earnings per share (EPS) increased year-over-year by 40% to $0.42 in 2021, and by 50% to $0.42 on an adjusted non-GAAP basis.  For the year 2021, Berkshire reported EPS of $2.39, or $1.69 on an adjusted basis, compared to a 2020 loss of ($10.60), or a $0.60 profit, on an adjusted basis.

BERKSHIRE HILLS REPORTS IMPROVED FOURTH QUARTER RESULTS; SETS ANNUAL MEETING DATE

BOSTON, Jan. 19, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a share repurchase program pursuant to which the Company is authorized to repurchase shares of Company common stock at a total cost of up to $140 million through December 31, 2022. This would result in the repurchase of approximately 9% of outstanding shares based on the current share price.

BERKSHIRE HILLS REPORTS $140 MILLION SHARE REPURCHASE PROGRAM

BOSTON, Dec. 21, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New England and New York, announced the election of Nina A. Charnley to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective December 16, 2021.

Berkshire Hills Appoints Nina A. Charnley As New Independent Director

BOSTON, Dec. 8, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New England and New York, announced the launch of a new suite of investment solutions designed to help people of all backgrounds align their investments with positive environmental and social outcomes. Offered through Berkshire Wealth Management, these new Socially Responsible Investment (SRI) Portfolios further strengthen Berkshire's commitment to Environmental, Social, and Governance (ESG) factors that demonstrate the sustainability, impact and ethical nature of its business as part of its BEST Community Comeback.

Berkshire Launches Socially Responsible Investing Portfolios

Berkshire Hills Bancorp, Inc. (BHLB) CEO Nitin Mhatre on Q3 2021 Results - Earnings Call Transcript

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 16.96% and 56.02%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Berkshire Hills Bancorp (BHLB) Q3 Earnings and Revenues Beat Estimates

BOSTON, Oct. 21, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that third quarter 2021 earnings per share increased year-over-year by 212% to $1.31 compared to $0.42 in 2020, and compared to $0.43 in the prior quarter.  Results in the most recent quarter included $0.78 per share in net non-operating income, consisting primarily of net gains on the sales of the assets and operations of the Company's insurance subsidiary and Berkshire Bank's Mid-Atlantic branches.

Berkshire Hills Reports Earnings Per Share Growth

Berkshire Hills (BHLB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Berkshire Hills (BHLB) Might Surprise This Earnings Season

Upstart Holdings

BOSTON, Oct. 18, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New England and New York, announced that the Bank has entered into a partnership with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending.  Berkshire Bank will expand consumer lending options via a seamless, digital experience enabled by Upstart's lending platform and the Upstart Referral Network.

Berkshire Hills Bancorp Announces Partnership with AI Lending Platform Upstart

BOSTON, Oct. 14, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New England and New York, is excited to announce the addition of two seasoned lending professionals to its 44 Business Capital team. Marissa Ames and Lynne Singletary join Berkshire Bank's 44 Business Capital team of experienced lending professionals.

Berkshire Hills Bancorp Expands 44 Business Capital Division With Two Seasoned SBA Lending Professionals

BOSTON, Oct. 12, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New England and New York, is excited to announce the addition of two veteran wealth management professionals to its Wealth Management team. Karen Heston, CFP®, MBA and Stephen Crowley, MA, MBA join Berkshire Bank's growing Wealth Management team of credentialed and experienced wealth management professionals to further support its ongoing commitment to clients and provide additional wealth management expertise and support to each client relationship.

Berkshire Hills Bancorp Adds Depth to Wealth Management Team with New Hires Heston and Crowley

BOSTON, Sept. 15, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New England and New York, announced that the Bank will lend and invest $5 billion over the next three years to help strengthen local communities.

Berkshire Hills Bancorp Announces "BEST Community Comeback" - $5 Billion Multi-Year ESG Commitment to Fuel Resilience in Local Communities

BOSTON, Sept. 13, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced the Bank has hired Lucia "Lucy" Bellomia as EVP, Head of Retail Banking.

Berkshire Hills Bancorp Announces Lucia "Lucy" Bellomia Hired As Executive Vice President, Head of Retail Banking

BOSTON, Sept. 9, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced that the Bank has hired Ellen Steinfeld as EVP, Head of Consumer Lending and Payments.

Berkshire Hills Bancorp Announces Mortgage Professional Ellen Steinfeld Hired as Executive Vice President, Head of Consumer Lending & Payments

BOSTON, Sept. 7, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) the parent company of Berkshire Bank, announced that the Bank has hired Jeffrey Klaus as SVP, Regional President & Middle Market Team Leader in Southern Connecticut, based in New Haven.

Berkshire Hills Announces Hiring of Veteran Connecticut Banking Professional Jeffrey Klaus as Regional President for Southern CT

Berkshire Hills (BHLB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Berkshire Hills (BHLB) Stock Stands Out in a Strong Industry

The stock in question is still trading at a relatively low valuation, and management has put a transformation plan in place -- but a lot of questions remain.

Is This a Value Stock or a Value Trap?

Investors Bancorp

SHORT HILLS, N.J., Aug. 30, 2021 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) (the "Company"), the parent company of Investors Bank, announced today that Investors Bank has completed the acquisition of the eight New Jersey and eastern Pennsylvania branches of Berkshire Bank, the wholly-owned subsidiary of Berkshire Hills Bancorp, Inc. (NYSE: BHLB).

Investors Bancorp, Inc. Announces Completion of Acquisition of 8 Berkshire Bank Branches in New Jersey and Eastern Pennsylvania

BOSTON, Aug. 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), announced today that Board Chairperson J. Williar ("Bill") Dunlaevy will retire from the joint Board of Directors of the company and its wholly-owned subsidiary Berkshire Bank effective September 22, 2021.

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