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.

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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.

Brown & Brown

BOSTON, Aug. 24, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brown & Brown, Inc. (NYSE: BRO) today announced the execution of a definitive agreement for the sale of the assets and operations of Berkshire Insurance Group, Inc. (BIG), a subsidiary of Berkshire Hills, to Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown. The transaction is subject to customary conditions and is expected to be completed in the third quarter.

Berkshire Hills and Brown & Brown Announce Definitive Agreement to Sell Berkshire Insurance Group to Brown & Brown of Massachusetts

Investors Bancorp

SHORT HILLS, N.J., Aug. 2, 2021 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) ("Investors Bancorp"), the parent company of Investors Bank, announced today that the Federal Deposit Insurance Corporation has approved Investors Bank's acquisition of the eight New Jersey and eastern Pennsylvania branches of Berkshire Bank, the wholly-owned subsidiary of Berkshire Hills Bancorp, Inc. (NYSE: BHLB).

FDIC Approves Investors Bank's Acquisition of 8 Berkshire Bank Branches in New Jersey and Eastern Pennsylvania

Berkshire Hills Bancorp, Inc. (BHLB) CEO Nitin Mhatre on Q2 2021 Results - Earnings Call Transcript

Shares of Berkshire Hills Bancorp (NYSE:BHLB) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 438.46% year over year to $0.44, which beat the estimate of $0.29.

Berkshire Hills Bancorp: Q2 Earnings Insights

BOSTON, July 21, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that second quarter 2021 delivered earnings per share of $0.43, compared to a loss in same quarter last year and an increase of 65% from $0.26 in the first quarter of 2021. Adjusted earnings per share, a non-GAAP measure, increased by 38% to $0.44 from $0.32 in the first quarter.

Berkshire Hills Reports Higher Second Quarter Earnings

BOSTON, May 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially-responsible community-dedicated bank with locations primarily in New England and New York, today announced that Heather Lashway, a ten-year Berkshire veteran was promoted to Senior Vice President Director of Retail Banking reporting to CEO Nitin Mhatre. Tami Gunsch, current Senior Executive Vice President Head of Consumer Banking is stepping down from her position as of June 30, 2021 to spend more time with her family.

Berkshire Hills Names Heather Lashway Director of Retail Banking

After a tough year in 2020, the bank has announced a three-year transformation initiative. But the plan could be tough to pull off and the results may not even be worth the risk for investors.

Berkshire Hills Bancorp's New Transformation Plan Does Not Exactly Inspire Confidence

BOSTON, May 18, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a purpose-driven community bank with locations primarily in New England and New York, today announced Berkshire's Exciting Strategic Transformation (BEST), its plan to improve the customer experience, deliver profitable growth, enhance stakeholder value and strengthen its community impact. "We want to get better before we get bigger and I'm confident that our collective actions through BEST will move our company forward with the passion, resolve and confidence to prove that Berkshire's purpose-driven community-dedicated banking will enhance value for all our stakeholders," stated Nitin Mhatre, CEO of Berkshire.

Berkshire Hills Announces Transformation Plan

BOSTON, May 11, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, will announce Berkshire's Exciting Strategic Transformation (BEST) on Tuesday, May 18, 2021 at 10:00 a.m. eastern time.

Berkshire Hills Announces Strategy Update Presentation

As of late, it has definitely been a great time to be an investor in Berkshire Hills Bancorp, Inc. (BHLB).

Berkshire Hills Bancorp's (BHLB) Shares March Higher, Can It Continue?

Berkshire Hills Bancorp, Inc. (BHLB) CEO Nitin Mhatre on Q1 2021 Results - Earnings Call Transcript

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 36.84% and 6.34%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Berkshire Hills Bancorp (BHLB) Q1 Earnings and Revenues Top Estimates

BOSTON, April 28, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced first quarter 2021 net income of $13 million, or $0.26 per share, compared to $15 million, or $0.30 per share, in the prior quarter.  The first quarter non-GAAP measure of adjusted earnings totaled $16 million, or $0.32 per share, compared to $14 million, or $0.28 per share, in the prior quarter.

Berkshire Hills Announces First Quarter Results

BOSTON, April 28, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a stock repurchase program pursuant to which the Company may repurchase up to 2,500,000 shares of its common stock through April 30, 2022.  This represents approximately 5% of its outstanding shares as of March 31, 2021.

Berkshire Hills Announces Share Repurchase Authorization

BOSTON, March 18, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced today that Subhadeep Basu was appointed Senior Executive Vice President, Chief Financial Officer of the Company and the Bank. Mr. Basu will succeed James M.

Berkshire Hills Bancorp, Inc. Appoints Subhadeep Basu Chief Financial Officer

BOSTON, March 17, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, today announced that Kevin Conn has joined the Company as SVP, Investor Relations & Corporate Development. Conn brings over 30 years of experience as an institutional investor in financial stocks most recently as Director of Research at Hudson Executive Capital in New York.

Berkshire Hills Bancorp, Inc. Appoints Kevin Conn SVP, Investor Relations & Corporate Development

BOSTON, Feb. 16, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today issued the following statement in response to a press release and letter from HoldCo Asset Management, LP ("HoldCo"): Berkshire is a purpose-driven organization focused on enhancing shareholder value...

Berkshire Hills Bancorp, Inc. Reiterates Commitment to Shareholder Value Creation

One of the bank's larger shareholders sent a letter to the bank's board of directors, asking for more transparency around its decision-making.

Drama Is Beginning to Unfold at Berkshire Hills Bancorp. Will It Benefit Shareholders?

NEW YORK--(BUSINESS WIRE)--HoldCo Asset Management, LP and its managed funds (collectively, "HoldCo") own 1,672,679 shares of common stock of Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) ("BHLB" or the “Company”), representing approximately 3.3% of the Company's outstanding shares. Today HoldCo sent a letter (the “Letter”) to James Williar "Bill" Dunlaevy, Independent Chairman of the Board, in which we demanded full transparency regarding the process undertaken by the BHLB Board of Directors (t

HoldCo Asset Management Calls for Greater Transparency From Berkshire Hills' Board Around Strategy and Exploration of Strategic Alternatives

Berkshire Hills Bancorp is an attractive undervalued regional bank stock. At under $17, BHLB is still down roughly 50% from its December 2019 share price of $33, and carries an extremely undervalued price/tangible book ratio of 0.75.

Berkshire Hills Bancorp Is Safe And Highly Undervalued

Berkshire Hills Bancorp, Inc. (BHLB) CEO Sean Gray on Q4 2020 Results - Earnings Call Transcript

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 153.33% and 8.71%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Berkshire Hills Bancorp (BHLB) Q4 Earnings and Revenues Surpass Estimates

BOSTON, Jan. 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) (Company), the parent company of Berkshire Bank, announced today that the joint Board of Directors of the Company and the Bank (Board) has appointed Nitin J. Mhatre as President and Chief Executive Officer...

Berkshire Hills Bancorp, Inc. Names Nitin Mhatre Chief Executive Officer

BOSTON, Jan. 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced fourth quarter 2020 net income of $15 million, or $0.30 per share, compared to $21 million, or $0.42 per share, in the prior quarter. The fourth quarter non-GAAP measure of core earnings...

Berkshire Hills Announces Fourth Quarter Results; Annual Meeting Date Announced

BOSTON, Jan. 12, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its fourth quarter earnings release after the market closes on Monday, January 25, 2021. Berkshire will also conduct a conference call/webcast at 10:00 a.m. eastern time on Tuesday, January 26,...

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