Berkshire Hills Bancorp, Inc. operates as a 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, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. Further, the company, through its subsidiary, Berkshire Insurance Group, Inc., provides personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. It serves personal, commercial, not- profit, and municipal deposit customers. As of December 31, 2020, the company operated 130 full-service branches in Massachusetts, New York, Connecticut, Vermont, Central New Jersey, and Eastern Pennsylvania. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
IPO Year:
Exchange: NYSE
Website: berkshirebank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $39.00 | Neutral → Buy | Seaport Research Partners |
| 7/22/2024 | $28.00 | Buy → Neutral | Janney |
| 7/19/2024 | $28.00 → $31.00 | Outperform | Hovde Group |
| 1/29/2024 | Sell → Neutral | Seaport Research Partners | |
| 1/10/2024 | $24.00 | Underweight → Neutral | Piper Sandler |
| 9/12/2023 | $16.00 | Sell | Seaport Research Partners |
| 10/14/2022 | $31.00 → $29.00 | Neutral → Underweight | Piper Sandler |
| 9/13/2022 | $33.00 | Outperform | Hovde Group |
| 7/21/2022 | $31.00 | Neutral → Buy | Janney |
| 4/21/2022 | $23.00 | Neutral → Sell | Compass Point |
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BOSTON, Jan. 10, 2025 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) fourth quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, January 30, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, January 30, 2025, at 9:00 a.m. (Eastern) Webcast (listen-only): Register at: https://events.q4inc.com/attendee/539841607 Dial-in Number: Toll Free: (800) 715-9871; Conference ID 6567963 Webcast Replay: https://ir.berkshirebank.com (for the live webcast and the replay) Telepho
On December 16, 2024, Berkshire Hills Bancorp, Inc. (NYSE:BHLB)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Berkshire Bank, and Brookline Bancorp, Inc. (NASDAQ:BRKL)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, announced a definitive agreement pursuant to which BRKL will merge with and into BHLB in an all-stock transaction valued at approximately $1.1 billion (or $12.68 per share of BRKL common stock, based on the $30.20 closing price of BHLB common stock) with an expected closing date in 3Q25. Additionally, BHLB announced that it has entered into subscription agreements
Combination increases scale with $24 billion in assets, 148 branch offices and a longstanding history of serving clients and communitiesHighly compatible cultures, deep community ties and operating philosophies 0.42 Berkshire shares for each Brookline share; Berkshire's dividend expected to be increased to have a neutral impact on Brookline shareholdersBOSTON, Dec. 16, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE:BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ:BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitiv
BOSTON, Nov. 1, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on November 14, 2024, payable on November 27, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $11.6 billion in assets and 83 branches in New England and New York, the Bank provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Manage
Operating EPS of $0.58 increased 5% linked quarter and 16% year-over-year $16 million non-operating gain on branch sale ($0.30 per share after tax)Operating revenue up 1% linked quarter and 2% year-over-year14.8% return on tangible common equity; 9.9% operating return on tangible common equityBranch sale and loan sale are expected to further improve long-term profitability BOSTON, Oct. 24, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today reported results for the third quarter of 2024. These results along with comparison periods are summarized below: ($ in m
BOSTON, Oct. 1, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) third quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: October 24, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, October 24, 2024, at 9:00 a.m. (Eastern) Webcast (listen-only): Register at: https://events.q4inc.com/attendee/132825795 Dial-in Number: Toll Free: 800-549-8228; Conference ID: 47447 Webcast Replay: https://ir.berkshirebank.com (for the live webcast and the replay) Telephone Replay:
BOSTON, Sept. 17, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on September 30, 2024, payable on October 10, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $12.2 billion in assets and 91 branches in New England and New York, the Bank provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Mana
GLENS FALLS, N.Y., Aug. 6, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW), through its bank subsidiary Glens Falls National Bank and Trust Company, completed the acquisition of the Whitehall, New York branch office from Berkshire Bank, a subsidiary of Berkshire Hills Bancorp, Inc. (NYSE:BHLB). The previously announced acquisition of the branch at 184 Broadway in Whitehall, New York closed on August 2, 2024 and included deposit accounts with an aggregate approximate balance of $37.5 million and loans with an aggregate approximate balance of $3 million. Glen
Operating EPS of $0.55 increased 12% linked quarter Operating revenue increased 3% linked quarterOperating expense decreased 2% linked quarterNet interest margin 3.20%, increased 5 basis points linked quarterNet loan charge-offs were 7 basis points annualizedBOSTON, July 18, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today reported results for the second quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended June 30, 2024 Mar. 31, 2024 June 30, 2023 Net income (
BOSTON, June 27, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) second quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: July 18, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, July 18, 2024, at 9:00 a.m. (Eastern) Webcast (listen-only): Register at: https://events.q4inc.com/attendee/633018241 Dial-in Number: Toll Free: 800-549-8228; Conference ID: 27778 Webcast Replay: https://ir.berkshirebank.com (for the live webcast and the replay) Telephone Replay: Toll Free:
BOSTON, Jan. 10, 2025 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) fourth quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, January 30, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, January 30, 2025, at 9:00 a.m. (Eastern) Webcast (listen-only): Register at: https://events.q4inc.com/attendee/539841607 Dial-in Number: Toll Free: (800) 715-9871; Conference ID 6567963 Webcast Replay: https://ir.berkshirebank.com (for the live webcast and the replay) Telepho
BOSTON, Nov. 1, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on November 14, 2024, payable on November 27, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $11.6 billion in assets and 83 branches in New England and New York, the Bank provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Manage
Operating EPS of $0.58 increased 5% linked quarter and 16% year-over-year $16 million non-operating gain on branch sale ($0.30 per share after tax)Operating revenue up 1% linked quarter and 2% year-over-year14.8% return on tangible common equity; 9.9% operating return on tangible common equityBranch sale and loan sale are expected to further improve long-term profitability BOSTON, Oct. 24, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today reported results for the third quarter of 2024. These results along with comparison periods are summarized below: ($ in m
BOSTON, Oct. 1, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) third quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: October 24, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, October 24, 2024, at 9:00 a.m. (Eastern) Webcast (listen-only): Register at: https://events.q4inc.com/attendee/132825795 Dial-in Number: Toll Free: 800-549-8228; Conference ID: 47447 Webcast Replay: https://ir.berkshirebank.com (for the live webcast and the replay) Telephone Replay:
BOSTON, Sept. 17, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on September 30, 2024, payable on October 10, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $12.2 billion in assets and 91 branches in New England and New York, the Bank provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Mana
GLENS FALLS, N.Y., Aug. 6, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW), through its bank subsidiary Glens Falls National Bank and Trust Company, completed the acquisition of the Whitehall, New York branch office from Berkshire Bank, a subsidiary of Berkshire Hills Bancorp, Inc. (NYSE:BHLB). The previously announced acquisition of the branch at 184 Broadway in Whitehall, New York closed on August 2, 2024 and included deposit accounts with an aggregate approximate balance of $37.5 million and loans with an aggregate approximate balance of $3 million. Glen
Operating EPS of $0.55 increased 12% linked quarter Operating revenue increased 3% linked quarterOperating expense decreased 2% linked quarterNet interest margin 3.20%, increased 5 basis points linked quarterNet loan charge-offs were 7 basis points annualizedBOSTON, July 18, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today reported results for the second quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended June 30, 2024 Mar. 31, 2024 June 30, 2023 Net income (
BOSTON, June 27, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) second quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: July 18, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, July 18, 2024, at 9:00 a.m. (Eastern) Webcast (listen-only): Register at: https://events.q4inc.com/attendee/633018241 Dial-in Number: Toll Free: 800-549-8228; Conference ID: 27778 Webcast Replay: https://ir.berkshirebank.com (for the live webcast and the replay) Telephone Replay: Toll Free:
BOSTON, June 7, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on June 20, 2024, payable on June 28, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $12.1 billion in assets and 96 branches in New England and New York, the Bank provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management ser
Announces $362 Million Securities Sale First quarter loss of $20 million, ($0.47) per shareOperating income of $21 million, $0.49 per shareSecurities sale of $362 million resulted in a $49.9 million net non-operating loss ($0.89 per share after-tax)Net loan charge-offs were 18 basis points annualizedTCE ratio of 8.2% and CET1 ratio of 11.6%; tangible book value per share of $22.84BOSTON, April 18, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) today reported results for the first quarter of 2024. These results along with comparison periods are summarized below:
Seaport Research Partners upgraded Berkshire Hills Bancorp from Neutral to Buy and set a new price target of $39.00
Janney downgraded Berkshire Hills Bancorp from Buy to Neutral and set a new price target of $28.00
Hovde Group reiterated coverage of Berkshire Hills Bancorp with a rating of Outperform and set a new price target of $31.00 from $28.00 previously
Seaport Research Partners upgraded Berkshire Hills Bancorp from Sell to Neutral
Piper Sandler upgraded Berkshire Hills Bancorp from Underweight to Neutral and set a new price target of $24.00
Seaport Research Partners initiated coverage of Berkshire Hills Bancorp with a rating of Sell and set a new price target of $16.00
Piper Sandler downgraded Berkshire Hills Bancorp from Neutral to Underweight and set a new price target of $29.00 from $31.00 previously
Hovde Group initiated coverage of Berkshire Hills Bancorp with a rating of Outperform and set a new price target of $33.00
Janney upgraded Berkshire Hills Bancorp from Neutral to Buy and set a new price target of $31.00
Compass Point downgraded Berkshire Hills Bancorp from Neutral to Sell and set a new price target of $23.00
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Shareholders Recognize Berkshire's Achievements; Approve All Proposals BOSTON, May 17, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, announced today that all three proposals were approved at its Annual Meeting of Shareholders on May 16, 2024, with a quorum of approximately 91% of outstanding shares voted in person or by proxy at the meeting. All measures were unanimously recommended by the Board. All measures requesting shareholder approval received at least 96% support.
Torrance Childs, Former President of Private Banking at Boston Private, 40-Year Boston Banking Veteran, Joins Berkshire to Accelerate Client Growth & Experience BOSTON, March 21, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer. In his new role, Childs will focus on deliv
BOSTON, Sept. 14, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New England and New York, announced the election of Mary Anne Callahan to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective September 13, 2023. Ms. Callahan has extensive investment banking expertise including advising bank clients on strategy, capital management and merger and acquisitions. She served most recently as a Managing Director in the Financial Services Group at Piper Sandler Companies. Upon her election, Ms. Callahan was determined to be an indepe
All Proposals Approved by Shareholders; Company Highlights Strength & Progress BOSTON, May 19, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), announced today that all four proposals were approved at its Annual Meeting of Shareholders on May 18, 2023, with a quorum of approximately 93% of outstanding shares voted in person or by proxy at the meeting. All measures were unanimously recommended by the Board. All measures requesting shareholder approval received at least 97% support. Shareholders voted to approve the election of all twelve director nominees to s
BOSTON, Feb. 2, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New England and New York, announced the election of Karyn Polito to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective February 2, 2023. Ms. Polito brings broad expertise in both the public and private sector including as Lieutenant Governor of the Commonwealth of Massachusetts and as Principal of Polito Development Corporation. Upon her election Ms. Polito was appointed to the Risk Management, Capital and Compliance and Corporate Responsibility and Culture comm
All Proposals Approved by Shareholders; Company Recaps 2021 Highlights BOSTON, May 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), announced today that all four proposals were approved at its Annual Meeting of Shareholders on May 18, 2022, with 93% of eligible outstanding shares represented at the meeting. All twelve director nominees were elected to serve a one-year term, with each director receiving at least 95% of the shares voted. The directors are Chairperson David M. Brunelle, Baye Adofo-Wilson, Esq., Nina A. Charnley, John D. Davies, Dr. Mihir A. De
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. Mr. Desai is an internationally acclaimed Professor of Finance at Harvard Business School and Professor of Law at Harvard Law School. His extensive expertise in finance, investment, and business will bolster the Board's support of Berkshire's Exciti
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. Ms. Charnley has deep financial acumen and broad experience across diverse and regulated industries which will further enhance the Board's expertise in support of Berkshire's Exciting Strategic Transformation (BEST). Upon her election Ms. Charnley was appointed to the Compensation, Compliance & Regulatory and Corporate R
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. As part of a pre-established succession plan, the Board has unanimously voted to appoint David M. Brunelle to succeed Mr. Dunlaevy as Chairperson, also effective on that date. Mr. Brunelle currently serves as Vice Chairperson of the Board and previously served as Chairperson of the Audit Committee after joining the Board in 2017. In addition, the Board has voted to elect Jeffrey W. Kip, Chief Executive Officer
BOSTON, May 21, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE:BHLB), announced today the results of its Annual Meeting of Shareholders on May 20, 2021, which included the election of Deborah P. Bailey and Michael A. Zaitzeff to the Company's Board of Directors. Berkshire's meeting materials also reported the Board's appointment of Director David M. Brunelle as Vice Chairperson of the Board. Mr. Brunelle has served for three years on the Board, including as Audit Committee Chair since March 2019. Shareholders further approved all proposals which were presented at th