BHLB
Income statement / Annual
Last year (2024), Berkshire Hills Bancorp, Inc.'s total revenue was $646.11 M,
an increase of 4.37% from the previous year.
In 2024, Berkshire Hills Bancorp, Inc.'s net income was $61.00 M.
See Berkshire Hills Bancorp, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$646.11 M |
$619.08 M |
$456.19 M |
$419.37 M |
$474.85 M |
$592.16 M |
$539.76 M |
$429.02 M |
$345.21 M |
$301.32 M |
| Cost of Revenue |
$286.35 M
|
$239.25 M
|
$53.66 M
|
$37.40 M
|
$168.88 M
|
$179.67 M
|
$135.15 M
|
$85.14 M
|
$65.53 M
|
$49.91 M
|
| Gross Profit |
$359.76 M
|
$379.83 M
|
$402.53 M
|
$381.47 M
|
$305.97 M
|
$413.84 M
|
$404.61 M
|
$343.89 M
|
$279.67 M
|
$251.41 M
|
| Gross Profit Ratio |
0.56
|
0.61
|
0.88
|
0.91
|
0.64
|
0.7
|
0.75
|
0.8
|
0.81
|
0.83
|
| 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 |
$167.85 M
|
$166.30 M
|
$155.85 M
|
$154.35 M
|
$153.72 M
|
$171.29 M
|
$166.90 M
|
$150.92 M
|
$129.55 M
|
$118.90 M
|
| Selling & Marketing Expenses |
$4.52 M
|
$5.38 M
|
$5.10 M
|
$2.75 M
|
$3.70 M
|
$4.47 M
|
$4.70 M
|
$6.53 M
|
$3.16 M
|
$3.31 M
|
| Selling, General & Administrative Expenses |
$172.37 M
|
$171.68 M
|
$160.95 M
|
$157.10 M
|
$157.42 M
|
$175.76 M
|
$171.60 M
|
$157.45 M
|
$132.71 M
|
$122.21 M
|
| Other Expenses |
$107.88 M
|
$129.83 M
|
$127.77 M
|
$75.85 M
|
$681.58 M
|
$112.74 M
|
$94.84 M
|
$95.23 M
|
$69.51 M
|
$74.62 M
|
| Operating Expenses |
$280.25 M
|
$301.51 M
|
$288.72 M
|
$232.95 M
|
$839.00 M
|
$288.51 M
|
$266.43 M
|
$252.68 M
|
$202.22 M
|
$196.83 M
|
| Cost And Expenses |
$566.60 M
|
$540.76 M
|
$342.38 M
|
$270.35 M
|
$1.01 B
|
$468.18 M
|
$401.58 M
|
$337.82 M
|
$267.75 M
|
$246.74 M
|
| Interest Income |
$613.94 M
|
$576.30 M
|
$387.26 M
|
$329.07 M
|
$409.78 M
|
$509.51 M
|
$465.89 M
|
$355.08 M
|
$280.44 M
|
$247.03 M
|
| Interest Expense |
$262.35 M
|
$207.25 M
|
$42.66 M
|
$37.90 M
|
$93.00 M
|
$144.26 M
|
$109.69 M
|
$64.11 M
|
$48.17 M
|
$33.18 M
|
| Depreciation & Amortization |
$11.59 M
|
$13.27 M
|
$14.71 M
|
$16.24 M
|
$18.10 M
|
$16.70 M
|
$15.38 M
|
$12.99 M
|
$11.32 M
|
$12.16 M
|
| EBITDA |
$91.10 M |
$91.59 M |
$128.53 M |
$165.26 M |
-$514.93 M |
$140.69 M |
$153.56 M |
$104.20 M |
$88.77 M |
$66.74 M |
| EBITDA Ratio |
0.14
|
0.15
|
0.28
|
0.39
|
-1.08
|
0.24
|
0.28
|
0.24
|
0.26
|
0.22
|
| Operating Income Ratio |
0.12
|
0.13
|
0.25
|
0.36
|
-1.12
|
0.21
|
0.26
|
0.21
|
0.22
|
0.18
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$79.52 M
|
$78.32 M
|
$113.82 M
|
$149.02 M
|
-$533.03 M
|
$123.98 M
|
$138.18 M
|
$91.20 M
|
$77.45 M
|
$54.58 M
|
| Income Before Tax Ratio |
0.12
|
0.13
|
0.25
|
0.36
|
-1.12
|
0.21
|
0.26
|
0.21
|
0.22
|
0.18
|
| Income Tax Expense |
$18.51 M
|
$8.72 M
|
$21.29 M
|
$30.36 M
|
-$19.85 M
|
$22.46 M
|
$28.96 M
|
$42.09 M
|
$18.78 M
|
$5.06 M
|
| Net Income |
$61.00 M
|
$69.60 M
|
$92.53 M
|
$118.66 M
|
-$533.02 M
|
$97.45 M
|
$105.77 M
|
$55.25 M
|
$58.67 M
|
$49.52 M
|
| Net Income Ratio |
0.09
|
0.11
|
0.2
|
0.28
|
-1.12
|
0.16
|
0.2
|
0.13
|
0.17
|
0.16
|
| EPS |
1.44 |
1.61 |
2.03 |
2.41 |
-10.6 |
1.98 |
2.3 |
1.4 |
1.89 |
1.74 |
| EPS Diluted |
1.43 |
1.6 |
2.02 |
2.39 |
-10.6 |
1.97 |
2.29 |
1.39 |
1.88 |
1.73 |
| Weighted Average Shares Out |
$42.51 M
|
$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
|
| Weighted Average Shares Out Diluted |
$42.76 M
|
$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
|
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