Last $25.69 USD
Change Today -0.16 / -0.62%
Volume 58.5K
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

berkshire hills bancorp inc (BHLB) Snapshot

Open
$25.91
Previous Close
$25.85
Day High
$25.91
Day Low
$25.63
52 Week High
12/3/13 - $27.86
52 Week Low
05/16/14 - $22.06
Market Cap
647.0M
Average Volume 10 Days
127.5K
EPS TTM
$1.56
Shares Outstanding
25.2M
EX-Date
11/10/14
P/E TM
16.5x
Dividend
$0.72
Dividend Yield
2.80%
Current Stock Chart for BERKSHIRE HILLS BANCORP INC (BHLB)

berkshire hills bancorp inc (BHLB) Related Bloomberg News

View More Bloomberg News

berkshire hills bancorp inc (BHLB) Related Businessweek News

View More BusinessWeek News

berkshire hills bancorp inc (BHLB) Details

Berkshire Hills Bancorp, Inc., through its subsidiaries, provides retail and commercial banking, insurance, and wealth management services. The company operates in two segments, Banking and Insurance. It offers various deposit accounts, such as interest-bearing and noninterest-bearing checking, regular savings, money market savings, time certificates of deposit, NOW, and retirement deposit accounts; and loans, including residential mortgage, commercial mortgage, commercial business, and consumer loans. The company also provides wealth management services comprising investment management, trust administration, estate planning, and private banking, as well as investment products, financial planning, and brokerage services. In addition, it offers personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. Further, the company provides retail and commercial electronic banking services, commercial cash management services, and commercial interest rate swap instruments for commercial customers; and debit cards and other electronic payment services to transaction account customers. It serves retail, commercial, not-for-profit, and municipal customers. The company operates 92 full service branches in Massachusetts, New York, Connecticut, and Vermont; and commercial and residential lending offices located in Eastern Massachusetts. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Pittsfield, Massachusetts.

1,084 Employees
Last Reported Date: 11/10/14
Founded in 1846

berkshire hills bancorp inc (BHLB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $575.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $262.4K
Executive Vice President of Retail Banking an...
Total Annual Compensation: $350.0K
Chief Risk & Administrative Officer, Executiv...
Total Annual Compensation: $350.0K
Executive Vice President of Commercial Bankin...
Total Annual Compensation: $309.6K
Compensation as of Fiscal Year 2013.

berkshire hills bancorp inc (BHLB) Key Developments

Berkshire Hills Bancorp Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Berkshire Hills Bancorp Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Berkshire Hills Bancorp Inc. Declares Cash Dividend, Payable on November 26, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Berkshire Hills Bancorp Inc. announced that the board of directors declared a cash dividend of $0.18 per share to shareholders of record at the close of business on November 13, 2014, payable on November 26, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total net revenue was $59,590,000 against $57,983,000 for the same period last year. Income before income taxes was $16,218,000 against $12,021,000 for the same period last year. Net income was $11,988,000 or $0.48 per basic and diluted share against $8,104,000 or $0.33 per basic and diluted share for the same period last year. Total interest and dividend income was $52,056,000 against $54,504,000 for the same period last year. Net interest income was $44,949,000 against $45,869,000 for the same period last year. Core earnings per diluted share were $0.46 against $0.43 for the same period last year. Tangible book value per share was $16.67 as on September 30, 2014 against $16.08 as on September 30, 2013. Total book value per share was $27.69 as on September 30, 2014 against $26.98 as on September 30, 2013. Core return on assets was 0.73% against 0.81% for the same period last year. Return on assets was 0.77% against 0.61% for the same period last year. Core return on equity was 6.59% against 6.29% for the same period last year. Return on equity was 6.59% against 4.74% for the same period last year. Core return on tangible equity was 11.76% against 11.18% for the same period last year. Total core income was $11,369,000 against $10,749,000 for the same period last year. Total core revenue was $59,345,000 against $55,400,000 for the same period last year. For the nine months, the company reported total net revenue was $165,614,000 against $171,428,000 for the same period last year. Income before income taxes was $30,235,000 against $42,948,000 for the same period last year. Net income was $22,347,000 or $0.90 per basic and diluted share against $30,606,000 or $1.22 per diluted share for the same period last year. Total interest and dividend income was $153,026,000 against $155,082,000 for the same period last year. Net interest income was $132,044,000 against $128,910,000 for the same period last year. Core earnings per diluted share were $1.32 against $1.47 for the same period last year. Core return on assets was 0.72% against 0.93% for the same period last year. Core return on equity was 6.31% against 7.27% for the same period last year. Core return on tangible equity was 11.31% against 13.02% for the same period last year. Total core income was $32,697,000 against $36,692,000 for the same period last year. Total core revenue was $175,305,000 against $168,775,000 for the same period last year. For the quarter, the company reported total net loan charge-offs of $3,072,000 against $3,178,000 a year ago. The company provided earnings guidance for the fourth quarter of 2014. Based on strong loan growth and more stable asset yields, company expects fourth quarter net interest income before accretion to be up more than 5% annualized, in line with this quarter. Company expects core tax rate around 30%, which is the rate expected to carry through the remainder of the year. Company expects to do at least as well as it did in the third quarter, and better. Looking at year-over-year, this would represent a 30% EPS increase before accretion over last year's fourth quarter core results.

Berkshire Hills Bancorp Inc. to Report Q3, 2014 Results on Oct 27, 2014

Berkshire Hills Bancorp Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 27, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BHLB:US $25.69 USD -0.16

BHLB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Commonwealth Financial Corp $9.29 USD +0.09
National Bank Holdings Corp $19.49 USD +0.05
Oritani Financial Corp $14.70 USD +0.15
S&T Bancorp Inc $28.28 USD +0.24
Tompkins Financial Corp $50.02 USD -0.19
View Industry Companies
 

Industry Analysis

BHLB

Industry Average

Valuation BHLB Industry Range
Price/Earnings 19.5x
Price/Sales 3.0x
Price/Book 0.9x
Price/Cash Flow 19.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BERKSHIRE HILLS BANCORP INC, please visit www.berkshirebank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.