BHLB
Income statement / Annual
Last year (2023), Berkshire Hills Bancorp, Inc.'s total revenue was $379.83 M,
a decrease of 8.15% from the previous year.
In 2023, Berkshire Hills Bancorp, Inc.'s net income was $69.60 M.
See Berkshire Hills Bancorp, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$379.83 M
|
$413.53 M
|
$381.47 M
|
$381.85 M
|
$447.91 M
|
$468.78 M
|
$420.19 M
|
$297.03 M
|
$268.14 M
|
$226.46 M
|
| Cost of Revenue |
$14.63 M |
$241.78 M |
$247.25 M |
$0.00 |
$0.00 |
$248.32 M |
$227.00 M |
$161.52 M |
$0.00 |
$0.00 |
| Gross Profit |
$365.20 M |
$171.76 M |
$134.22 M |
$381.85 M |
$447.91 M |
$220.45 M |
$193.19 M |
$135.51 M |
$268.14 M |
$226.46 M |
| Gross Profit Ratio |
0.96 |
0.42 |
0.35 |
1 |
1 |
0.47 |
0.46 |
0.46 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$248.52 M
|
$152.74 M
|
$184.39 M
|
$186.08 M
|
$171.29 M
|
$199.52 M
|
$185.34 M
|
$129.55 M
|
$118.90 M
|
$100.82 M
|
| Selling & Marketing
Expenses |
$5.38 M
|
$5.10 M
|
$2.75 M
|
$3.70 M
|
$4.47 M
|
$7.98 M
|
$11.88 M
|
$3.16 M
|
$3.31 M
|
$2.57 M
|
| Selling, General &
Administrative Expenses |
$5.38 M
|
$152.74 M
|
$184.39 M
|
$189.78 M
|
$175.76 M
|
$207.50 M
|
$197.21 M
|
$132.71 M
|
$122.21 M
|
$103.39 M
|
| Other Expenses |
$0.00 |
-$89.39 M |
-$416.84 M |
-$1.12 B |
-$503.76 M |
-$431.04 M |
-$137.36 M |
-$65.63 M |
-$293.99 M |
-$247.70 M |
| Operating Expenses |
$5.38 M |
$5.10 M |
-$232.45 M |
-$934.72 M |
-$328.00 M |
-$223.54 M |
$11.88 M |
$3.16 M |
-$171.78 M |
-$144.31 M |
| Cost And Expenses |
$253.90 M |
$248.28 M |
-$232.45 M |
-$934.72 M |
-$328.00 M |
-$223.54 M |
$238.88 M |
$164.68 M |
-$171.78 M |
-$144.31 M |
| Interest Income |
$576.30 M |
$387.26 M |
$329.07 M |
$409.78 M |
$509.51 M |
$471.16 M |
$360.26 M |
$280.44 M |
$247.03 M |
$207.04 M |
| Interest Expense |
$207.25 M |
$42.66 M |
$37.90 M |
$93.00 M |
$144.26 M |
$111.83 M |
$65.46 M |
$48.17 M |
$33.18 M |
$28.35 M |
| Depreciation &
Amortization |
$13.27 M
|
$14.71 M
|
$16.24 M
|
$18.10 M
|
$16.70 M
|
$15.38 M
|
$13.41 M
|
$11.32 M
|
$3.56 M
|
$4.81 M
|
| EBITDA |
$0.00
|
-$513.18 M
|
$118.66 M
|
-$514.93 M
|
$101.52 M
|
$214.86 M
|
$121.38 M
|
$88.77 M
|
$91.42 M
|
$58.62 M
|
| EBITDA Ratio |
0 |
0.41 |
0.43 |
-1.43 |
0.28 |
0.56 |
0.43 |
0.46 |
0.37 |
0.38 |
| Operating Income Ratio
|
0.84
|
0.38
|
0.39
|
-1.45
|
0.27
|
0.52
|
0.29
|
0.39
|
0.36
|
0.36
|
| Total Other
Income/Expenses Net |
-$239.25 M
|
$626.99 M
|
-$41.11 M
|
-$19.85 M
|
$22.46 M
|
-$56.76 M
|
-$21.63 M
|
-$38.30 M
|
-$36.84 M
|
-$35.77 M
|
| Income Before Tax |
$78.32 M |
$113.82 M |
$149.02 M |
-$533.03 M |
$123.98 M |
$133.41 M |
$99.75 M |
$77.45 M |
$54.58 M |
$45.51 M |
| Income Before Tax Ratio
|
0.21
|
0.28
|
0.39
|
-1.4
|
0.28
|
0.28
|
0.24
|
0.26
|
0.2
|
0.2
|
| Income Tax Expense |
$8.72 M |
$21.29 M |
$30.36 M |
-$19.85 M |
$22.46 M |
$27.65 M |
$44.50 M |
$18.78 M |
$5.06 M |
$11.76 M |
| Net Income |
$69.60 M |
$92.53 M |
$118.66 M |
-$513.18 M |
$97.45 M |
$105.77 M |
$55.25 M |
$58.67 M |
$49.52 M |
$33.74 M |
| Net Income Ratio |
0.18 |
0.22 |
0.31 |
-1.34 |
0.22 |
0.23 |
0.13 |
0.2 |
0.18 |
0.15 |
| EPS |
1.61 |
2.03 |
2.41 |
-10.21 |
1.96 |
2.3 |
1.4 |
1.89 |
1.74 |
1.36 |
| EPS Diluted |
1.6 |
2.02 |
2.39 |
-10.21 |
1.95 |
2.29 |
1.39 |
1.88 |
1.73 |
1.36 |
| Weighted Average Shares
Out |
$43.29 M
|
$45.56 M
|
$49.24 M
|
$50.27 M
|
$49.26 M
|
$46.02 M
|
$39.46 M
|
$30.99 M
|
$28.39 M
|
$24.73 M
|
| Weighted Average Shares
Out Diluted |
$43.50 M
|
$45.91 M
|
$49.55 M
|
$50.27 M
|
$49.42 M
|
$46.23 M
|
$39.70 M
|
$31.17 M
|
$28.56 M
|
$24.85 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
