Merger Presents Growth Opportunity For Berkshire Hills Bancorp |
Berkshire Hills Bancorp reported strong Q1 results, beating expectations with a 13% earnings increase and a 10 basis point improvement in net interest margin. The upcoming merger with Brookline Bancorp is set to create significant synergies, including cost savings and a diversified loan portfolio worth $22.656 billion. Despite a 21% drop from its high in November, BHLB's current valuation and future growth prospects make it a compelling buy. |
seekingalpha.com |
2025-05-09 15:47:48 |
Czytaj oryginał (ang.) |
Berkshire Hills Announces Quarterly Shareholder Dividend |
BOSTON , May 2, 2025 /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 May 15, 2025, payable on May 29, 2025. About Berkshire Hills Bancorp Berkshire Hills Bancorp, Inc. (NYSE: BHLB) is the parent company of Berkshire Bank, a relationship-driven, community-focused bank with $12.0 billion in assets and 83 financial centers in New England and New York. |
prnewswire.com |
2025-05-02 11:30:00 |
Czytaj oryginał (ang.) |
Berkshire Hills (BHLB) Q1 2025 Earnings Call |
Image source: The Motley Fool. |
fool.com |
2025-04-24 18:42:47 |
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Berkshire Hills Bancorp, Inc (BHLB) Q1 2025 Earnings Call Transcript |
Berkshire Hills Bancorp, Inc (NYSE:BHLB ) Q1 2025 Results Conference Call April 24, 2025 9:00 AM ET Company Participants Kevin Conn - Investor Relations Nitin Mhatre - Chief Executive Officer Brett Brbovic - Chief Financial Officer Sean Gray - Chief Operating Officer Conference Call Participants Chris O'Connell - KBW Gregory Zingone - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp First Quarter 2025 Earnings Conference Call. At this time, all lines are in listen-only mode. |
seekingalpha.com |
2025-04-24 18:01:04 |
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Berkshire Hills (BHLB) Reports Q1 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Berkshire Hills (BHLB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2025-04-24 14:35:57 |
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Berkshire Hills Bancorp (BHLB) Q1 Earnings Beat Estimates |
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.49 per share a year ago. |
zacks.com |
2025-04-24 13:40:40 |
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Berkshire Hills Reports Strong First Quarter 2025 Results |
$0.56 GAAP EPS; $0.60 Operating EPS 22% increase in operating EPS year-over-year 5% increase in operating revenue, 6% decrease in operating non-interest expense Y/Y 3.24% net interest margin,10 basis point increase over linked quarter 59.5% efficiency ratio, best result in two years 0.42% delinquent and non-performing loans to total loans, lowest in nearly two decades BOSTON , April 24, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the first quarter of 2025. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Mar. 31, 2025 Dec. 31, 2024 Mar. 31, 2024 Net income (loss) $ 25.7 $ 19.7 $ (20.2) Per share 0.56 0.46 (0.47) Operating earnings1 27.6 26.0 20.9 Per share 0.60 0.60 0.49 Net interest income, non FTE $ 89.8 $ 86.9 $ 88.1 Net interest income, FTE 91.7 88.8 90.1 Net interest margin, FTE 3.24 % 3.14 % 3.15 % Non-interest income $ 20.7 $ 23.3 $ (32.6) Operating non-interest income1 20.7 23.2 17.3 Non-interest expense 70.4 77.6 76.0 Operating non-interest expense1 67.9 71.0 72.4 Efficiency ratio1 59.5 % 62.4 % 66.3 % Average balances Loans $ 9,389 $ 9,271 $ 9,041 Deposits 9,847 9,659 9,829 Period-end balances Loans 9,429 9,385 9,086 Deposits 9,880 10,375 9,883 1. |
prnewswire.com |
2025-04-24 11:30:00 |
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Berkshire Hills Announces First Quarter 2025 Earnings Release and Conference Call Schedule |
BOSTON , April 4, 2025 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) first quarter 2025 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, April 24, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, April 24, 2025, at 9:00 a.m. |
prnewswire.com |
2025-04-04 14:00:00 |
Czytaj oryginał (ang.) |
Is Berkshire Hills Bancorp (BHLB) a Great Value Stock Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-04-01 14:40:54 |
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Zacks Industry Outlook Banner, Berkshire Hills Bancorp and Heritage Financial |
Banner, Berkshire Hills Bancorp and Heritage Financial have been highlighted in this Industry Outlook article. |
zacks.com |
2025-03-24 07:45:40 |
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3 Savings & Loan Stocks Worth Buying Amid Industry Challenges |
Stocks in the Zacks Savings and Loan industry like BANR, BHLB and HFWA will be affected by weak asset quality. Modest loan demand growth will aid. |
zacks.com |
2025-03-21 14:41:12 |
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5 Low-Leverage Stocks to Buy Amid Volatile Market Sentiment |
The crux of safe investment lies in choosing a company that is not burdened with debt. You may buy BLFS, BHLB, NVDA, GBX and EZPW. |
zacks.com |
2025-03-10 13:00:31 |
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Berkshire Hills Announces Quarterly Shareholder Dividend |
BOSTON , Feb. 7, 2025 /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 February 20, 2025, payable on March 6, 2025. About Berkshire Hills Bancorp Berkshire Hills Bancorp, Inc. (NYSE: BHLB) is the parent company of Berkshire Bank, a relationship-driven, community-focused bank with $12.3 billion in assets and 83 financial centers in New England and New York. |
prnewswire.com |
2025-02-07 10:45:00 |
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5 Low-Leverage Stocks to Buy Amid Concerns Over Trump's Tariffs |
The crux of safe investment lies in choosing a company that is not burdened with debt. You may buy BHLB, SRAD, NXT, GBX and FOX. |
zacks.com |
2025-02-04 12:36:48 |
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Berkshire Hills Bancorp, Inc. (BHLB) Q4 2024 Earnings Call Transcript |
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q4 2024 Results Conference Call January 30, 2025 9:00 AM ET Company Participants Kevin Conn - Investor Relations Nitin Mhatre - Chief Executive Officer Sean Gray - Chief Operating Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth - Chief Risk Officer Conference Call Participants David Bishop - Hovde Group Billy Young - RBC Chris O'Connell - KBW Laurie Hunsicker - Seaport Research Partners Mark Fitzgibbon - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Fourth Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode. |
seekingalpha.com |
2025-01-30 15:57:01 |
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Berkshire Hills (BHLB) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates |
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-01-30 13:36:39 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp (BHLB) Q4 Earnings and Revenues Surpass Estimates |
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.47 per share a year ago. |
zacks.com |
2025-01-30 11:46:15 |
Czytaj oryginał (ang.) |
Berkshire Hills Reports Strong Fourth Quarter Operating Results |
$0.46 GAAP EPS; $0.60 Operating EPS Operating EPS growth of 3% quarter-over-quarter and 28% year-over-year; FY2024 Operating EPS of $2.22 up 4% year-over-year Average deposit growth of 3% and Average loan growth of 0.4% quarter-over-quarter; Loans to deposits ratio improved further during the quarter 0.52% delinquent and non-performing loans to total loans, lowest in nearly two decades 7.6% return on tangible common equity; 9.9% operating return on tangible common equity 13.0% common equity Tier 1 ratio BOSTON , Jan. 30, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the fourth quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Twelve Months Ended Dec. 31, 2024 Sep. 30, 2024 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023 Net income (loss) $ 19.7 $ 37.5 $ (1.4) $ 61.0 $ 69.6 Per share 0.46 0.88 (0.03) 1.43 1.60 Operating earnings1 26.0 24.8 20.2 94.9 93.2 Per share 0.60 0.58 0.47 2.22 2.14 Net interest income, non FTE $ 86.9 $ 88.1 $ 88.4 $ 351.6 $ 369.0 Net interest income, FTE 88.8 90.1 90.4 359.6 376.9 Net interest margin, FTE 3.14 % 3.16 % 3.11 % 3.16 % 3.27 % Non-interest income 23.3 37.6 (8.4) 48.4 42.8 Operating non-interest income1 23.2 21.5 16.7 82.1 67.8 Non-interest expense $ 77.6 $ 72.0 $ 79.0 $ 296.5 $ 301.5 Operating non-interest expense1 71.0 72.3 75.3 287.0 295.2 Efficiency ratio1 62.4 % 63.7 % 67.8 % 63.9 % 63.9 % Average balances Loans $ 9,271 $ 9,233 $ 8,990 $ 9,176 $ 8,814 Deposits 9,659 9,360 9,936 9,536 9,704 Period-end balances Loans 9,385 9,212 9,040 9,385 9,040 Deposits 10,375 9,577 10,633 10,375 10,633 1. |
prnewswire.com |
2025-01-30 09:30:00 |
Czytaj oryginał (ang.) |
Berkshire Hills Announces Fourth Quarter 2024 Earnings Release and Conference Call Schedule |
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. |
prnewswire.com |
2025-01-10 10:30:00 |
Czytaj oryginał (ang.) |
Will Berkshire Hills (BHLB) Beat Estimates Again in Its Next Earnings Report? |
Berkshire Hills (BHLB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2025-01-02 15:10:39 |
Czytaj oryginał (ang.) |
KBRA Comments on Merger Agreement Between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. |
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--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. |
businesswire.com |
2024-12-17 15:35:00 |
Czytaj oryginał (ang.) |
BHLB to Buy Brookline Bancorp for $1.14B, Expand Footprint |
Berkshire Hills Bancorp is set to buy BRKL, expanding its presence in the Northeast market. The deal is likely to be accretive to 2025 and 2026 earnings. |
zacks.com |
2024-12-17 13:40:37 |
Czytaj oryginał (ang.) |
BHLB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Berkshire Hills Bancorp, Inc. Is Fair to Shareholders |
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brookline Bancorp, Inc. is fair to Berkshire shareholders. Upon closing of the proposed transaction, Berkshire shareholders will own approximately 51% of the combined company. Halper Sadeh encourages Berkshire shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212). |
businesswire.com |
2024-12-16 11:54:00 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp and Brookline to merge in $1.1 bln deal |
Regional lenders Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the companies said on Monday. |
reuters.com |
2024-12-16 10:37:23 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. announce a Merger of Equals to create a Premier Northeast Banking Franchise |
Combination increases scale with $24 billion in assets, 148 branch offices and a longstanding history of serving clients and communities Highly 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 shareholders BOSTON , 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 definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. In conjunction with the planned merger, Berkshire also announced that it has entered into subscription agreements with investors to raise capital to support the merger. |
prnewswire.com |
2024-12-16 10:30:00 |
Czytaj oryginał (ang.) |
Berkshire Hills Announces Quarterly Shareholder Dividend |
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. |
prnewswire.com |
2024-11-01 09:30:00 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp, Inc. (BHLB) Q3 2024 Earnings Call Transcript |
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations Officer Nitin Mhatre - Chief Executive Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth - Chief Risk Officer Conference Call Participants Christopher O'Connell - KBW Laurie Hunsicker - Seaport Research Mark Fitzgibbon - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Third Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode. |
seekingalpha.com |
2024-10-24 18:08:03 |
Czytaj oryginał (ang.) |
Berkshire Hills (BHLB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates |
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-10-24 16:06:22 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp (BHLB) Q3 Earnings and Revenues Surpass Estimates |
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.50 per share a year ago. |
zacks.com |
2024-10-24 14:00:27 |
Czytaj oryginał (ang.) |
Berkshire Hills Reports Higher Third Quarter Net Income of $37.5 million, or $0.88 Per Share |
Operating EPS of $0.58 increased 5% linked quarter and 16% year-over-year $16 million non-operating gain on branch sale ($0.30 per share after tax) Operating revenue up 1% linked quarter and 2% year-over-year 14.8% return on tangible common equity; 9.9% operating return on tangible common equity Branch sale and loan sale are expected to further improve long-term profitability BOSTON , Oct. 24, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the third quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Sept. |
prnewswire.com |
2024-10-24 11:30:00 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp (BHLB) Reports Next Week: Wall Street Expects Earnings Growth |
Berkshire Hills (BHLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-17 15:06:00 |
Czytaj oryginał (ang.) |
Zacks Industry Outlook ServisFirst, Berkshire Hills Bancorp and Heritage Financial |
ServisFirst, Berkshire Hills Bancorp and Heritage Financial have been highlighted in this Industry Outlook article. |
zacks.com |
2024-10-07 12:10:16 |
Czytaj oryginał (ang.) |
3 Stocks to Outshine in the Thriving Savings & Loan Industry |
Stocks in the Zacks Savings and loan industry like SFBS, BHLB and HFWA should benefit from the decline in mortgage rates and an improving lending scenario. |
zacks.com |
2024-10-04 18:25:15 |
Czytaj oryginał (ang.) |
Berkshire Hills Announces Third Quarter 2024 Earnings Release and Conference Call Schedule |
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. |
prnewswire.com |
2024-10-01 11:30:00 |
Czytaj oryginał (ang.) |
Berkshire Hills Announces Quarterly Shareholder Dividend |
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. |
prnewswire.com |
2024-09-17 20:15:00 |
Czytaj oryginał (ang.) |
Arrow Completes Acquisition of Whitehall, N.Y. Branch |
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). |
prnewswire.com |
2024-08-06 12:00:00 |
Czytaj oryginał (ang.) |
Berkshire Hills (BHLB) Upgraded to Buy: What Does It Mean for the Stock? |
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). |
zacks.com |
2024-07-19 17:01:20 |
Czytaj oryginał (ang.) |
Berkshire Hills Bancorp, Inc. (BHLB) Q2 2024 Earnings Call Transcript |
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Kevin Conn - IR & Corporate Development Officer Nitin Mhatre - CEO Brett Brbovic - CFO Sean Gray - EVP & CFO Gregory Lindenmuth - SEVP & Chief Risk Officer Conference Call Participants Laurie Hunsicker - Seaport Research Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Second Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode. |
seekingalpha.com |
2024-07-18 18:32:09 |
Czytaj oryginał (ang.) |
Berkshire Hills (BHLB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates |
Although the revenue and EPS for Berkshire Hills (BHLB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-07-18 14:36:19 |
Czytaj oryginał (ang.) |