BHLB Stock - Berkshire Hills Bancorp, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $646.11M | $619.08M | $456.19M | $419.37M | $474.85M |
| Gross Profit | $359.76M | $379.83M | $402.53M | $381.47M | $305.97M |
| Gross Margin | 55.7% | 61.4% | 88.2% | 91.0% | 64.4% |
| Operating Income | $79.52M | $78.32M | $113.82M | $149.02M | $-533,028,000 |
| Net Income | $61.00M | $69.60M | $92.53M | $118.66M | $-533,017,000 |
| Net Margin | 9.4% | 11.2% | 20.3% | 28.3% | -112.2% |
| EPS | $1.44 | $1.61 | $2.03 | $2.41 | $-10.60 |
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 17th 2024 | Seaport Research Partners | Upgrade | Buy | $39 |
| July 22nd 2024 | Janney | Downgrade | Neutral | $28 |
| July 19th 2024 | Hovde Group | Reiterated | Outperform | $31← $28 |
| January 29th 2024 | Seaport Research Partners | Upgrade | Neutral | - |
| January 10th 2024 | Piper Sandler | Upgrade | Neutral | $24 |
| September 12th 2023 | Seaport Research Partners | Initiation | Sell | $16 |
| October 14th 2022 | Piper Sandler | Downgrade | Underweight | $29← $31 |
| September 13th 2022 | Hovde Group | Initiation | Outperform | $33 |
| July 21st 2022 | Janney | Upgrade | Buy | $31 |
| April 21st 2022 | Compass Point | Downgrade | Sell | $23 |
Earnings History & Surprises
BHLBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2025 | Oct 23, 2025 | $0.65 | $0.58 | -10.8% | ✗ MISS |
Q3 2025 | Jul 24, 2025 | $0.58 | $0.69 | +19.0% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.54 | $0.60 | +11.1% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $0.54 | $0.60 | +11.1% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.54 | $0.58 | +7.4% | ✓ BEAT |
Q3 2024 | Jul 18, 2024 | $0.52 | $0.55 | +5.8% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $0.47 | $0.49 | +4.3% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.50 | $0.47 | -6.0% | ✗ MISS |
Q4 2023 | Oct 20, 2023 | $0.49 | $0.45 | -8.2% | ✗ MISS |
Q3 2023 | Jul 20, 2023 | $0.57 | $0.55 | -3.5% | ✗ MISS |
Q2 2023 | Apr 20, 2023 | $0.65 | $0.63 | -3.1% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $0.64 | $0.69 | +7.8% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $0.58 | $0.62 | +6.9% | ✓ BEAT |
Q3 2022 | Jul 20, 2022 | $0.47 | $0.50 | +6.4% | ✓ BEAT |
Q2 2022 | Apr 20, 2022 | $0.40 | $0.42 | +5.0% | ✓ BEAT |
Q1 2022 | Jan 20, 2022 | $0.42 | $0.42 | 0.0% | = MET |
Q4 2021 | Oct 21, 2021 | $1.13 | $1.31 | +15.9% | ✓ BEAT |
Q3 2021 | Jul 21, 2021 | $0.29 | $0.43 | +48.3% | ✓ BEAT |
Q2 2021 | Apr 28, 2021 | $0.22 | $0.26 | +18.2% | ✓ BEAT |
Q1 2021 | Jan 25, 2021 | $0.16 | $0.28 | +75.0% | ✓ BEAT |
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