Berkshire Bank is America's Most Exciting Bank, because of our People, Attitude, and Energy.
For over 165 years, Berkshire Bank has delivered excellent service and performance.
Our internal culture creates an environment for inspiration! Our employees make the difference and are the front line when delivering on our brand promise of excitement. We practice and live by what we call our R.I.G.H.T values, which keep us focused on doing the R.I.G.H.T things every day across our network.

Type
Public
HQ
Pittsfield, US
Founded
1846
Size (employees)
1,731 (est)
Berkshire Hills Bancorp was founded in 1846 and is headquartered in Pittsfield, US
Report incorrect company information

Berkshire Hills Bancorp Office Locations

Berkshire Hills Bancorp has an office in Pittsfield
Pittsfield, US (HQ)
24 North St
Show all (1)
Report incorrect company information

Berkshire Hills Bancorp Financials and Metrics

Berkshire Hills Bancorp Financials

Berkshire Hills Bancorp's revenue was reported to be $420.48 m in FY, 2017
USD

Revenue (Q1, 2018)

115 m

Gross profit (Q1, 2018)

93.2 m

Gross profit margin (Q1, 2018), %

81.1%

Net income (Q1, 2018)

25.2 m

EBIT (Q1, 2018)

85.5 m

Market capitalization (15-May-2018)

1.7 b

Closing share price (15-May-2018)

38.2

Cash (31-Mar-2018)

123.9 m
Berkshire Hills Bancorp's current market capitalization is $1.7 b.
Annual
USDFY, 2013FY, 2014Y, 2015FY, 2016FY, 2017

Revenue

227 m226.5 m268.1 m298.1 m420.5 m

Revenue growth, %

0%18%11%

Cost of goods sold

33.2 m48.2 m65.5 m

Gross profit

235 m249.9 m355 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

47.2 m58.1 m69.4 m69.7 m73.3 m72 m76.9 m101.6 m102.3 m115 m

Cost of goods sold

7 m7.3 m7.8 m8.5 m10.8 m11.6 m12.5 m13.8 m15.1 m21.8 m

Gross profit

40.2 m50.8 m61.7 m61.2 m62.5 m60.4 m64.4 m87.8 m87.2 m93.2 m

Gross profit Margin, %

85%87%89%88%85%84%84%86%85%81%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

71.8 m103.6 m113.1 m248.8 m

Accounts Receivable

257 k

Inventories

PP&E

87.3 m88.1 m93.2 m109.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

76.9 m72.7 m112.9 m70.8 m62.2 m205.5 m93.6 m68.8 m74.6 m69.3 m93.3 m101.8 m123.9 m

PP&E

83.1 m87.8 m86.9 m87.2 m85.1 m87.5 m86.8 m87.8 m86.3 m85.8 m95.2 m94.4 m111.2 m

Goodwill

256.9 m264.8 m264.8 m264.8 m264.7 m308 m325 m323.7 m339.9 m340 m403.1 m403.1 m519.1 m

Total Assets

5.5 b6 b6.3 b6.4 b6.6 b7.5 b7.8 b7.8 b8 b7.9 b9.3 b9.6 b11.5 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

33.7 m49.5 m58.7 m55.2 m

Depreciation and Amortization

3.6 m2.9 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

30.6 m(1.1 m)10.4 m22.3 m8.8 m18.8 m33.5 m16 m32 m48.3 m15.5 m35.2 m25.2 m

Depreciation and Amortization

901 k934 k887 k819 k787 k749 k801 k

Cash From Operating Activities

105.6 m17 m24.8 m21 m3.8 m1.7 m50.8 m9.3 m29.7 m59.5 m55.2 m27.7 m85.6 m

Purchases of PP&E

(331.3 m)(291.7 m)(447.1 m)(524.8 m)(41.1 m)(175 m)(236.6 m)(46.4 m)(164.9 m)(186.4 m)(151.7 m)(241.7 m)
USDY, 2018

Financial Leverage

7.7 x
Show all financial metrics

Berkshire Hills Bancorp Operating Metrics

Berkshire Hills Bancorp's Total Loans was reported to be $6.9b in Q2, 2017. Berkshire Hills Bancorp's Assets Under Management was reported to be $1.4b in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$1.40 b$1.50 b$1.40 b

Bank Branches

91 93 97

Non-performing Loans

$21.71 m$22.01 m$19.99 m$21.74 m$20.88 m$20.80 m$6.21 m$20.66 m$22.24 m$25.13 m$24.20 m

Total Loans

$4.68 b$4.69 b$5.28 b$5.66 b$5.73 b$5.73 b$6 b$6.05 b$6.55 b$6.66 b$6.86 b
Show all operating metrics
Report incorrect company information

Berkshire Hills Bancorp News and Updates

Report incorrect company information