Welcome to our dedicated page for Berkshire Hills Bancorp news (Ticker: BHLB), a resource for investors and traders seeking the latest updates and insights on Berkshire Hills Bancorp stock.
Berkshire Hills Bancorp Inc (BHLB) delivers community-focused banking services across the Northeastern U.S., specializing in commercial lending, wealth management, and retail solutions. This news hub provides investors and stakeholders with essential updates directly from the company and trusted financial sources.
Access curated press releases and analysis covering earnings announcements, strategic initiatives, and leadership developments. Track BHLB's progress in digital banking innovation, branch network optimization, and community reinvestment programs that define its market position.
All content is organized for quick scanning, featuring regulatory filings, merger activity, and service expansions. Bookmark this page for real-time updates on one of New England's prominent financial institutions, combining traditional relationship models with modern banking efficiency.
Berkshire Hills Bancorp (NYSE: BHLB) reported strong Q1 2025 results with GAAP EPS of $0.56 and operating EPS of $0.60, marking a 22% year-over-year increase. The bank achieved a net interest margin of 3.24%, up 10 basis points from the previous quarter.
Key highlights include:
- Net income of $25.7 million, compared to a loss of $20.2 million in Q1 2024
- Operating revenue increased 5% while operating non-interest expense decreased 6% year-over-year
- Efficiency ratio improved to 59.5%, the best result in two years
- Delinquent and non-performing loans reached 0.42%, lowest in nearly two decades
The bank's loan portfolio grew 4% year-over-year, with period-end loans at $9.4 billion. The tangible common equity ratio strengthened to 9.9%, and tangible book value per share increased 3% to $25.50.
Berkshire Hills Bancorp (NYSE: BHLB) has scheduled its first quarter 2025 earnings release and conference call. The earnings will be released on Thursday, April 24, 2025, at approximately 7:30 a.m. Eastern, followed by a conference call at 9:00 a.m. Eastern.
Investors can access the conference call through a webcast or dial-in options. The webcast registration is available at Q4 Inc's platform, while the toll-free dial-in number is (800) 715-9871 with Conference ID 6567963. Investor presentation materials will be accessible prior to the call on Berkshire's investor relations website.
Berkshire Hills Bancorp (NYSE: BHLB) has announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share. The dividend will be paid on March 6, 2025, to shareholders of record as of the close of business on February 20, 2025.
Berkshire Hills Bancorp (NYSE: BHLB) reported strong Q4 2024 results with $0.46 GAAP EPS and $0.60 Operating EPS, showing a 28% year-over-year increase in quarterly operating EPS. The company achieved 3% average deposit growth and 0.4% average loan growth quarter-over-quarter.
Key highlights include a 9.9% operating return on tangible common equity, a 13.0% common equity Tier 1 ratio, and the lowest delinquent and non-performing loans ratio in nearly two decades at 0.52%. The efficiency ratio improved to 62.4% from 63.7% in the previous quarter.
The bank announced a merger agreement with Brookline Bancorp to create a larger Northeast banking franchise and successfully raised $100 million in common stock to support the merger. Full-year 2024 operating income reached $95 million ($2.22 per share), up from $93 million ($2.14 per share) in 2023.
Berkshire Hills Bancorp (NYSE: BHLB) has scheduled its fourth quarter 2024 earnings release and conference call. The earnings release will be published on Thursday, January 30, 2025, at approximately 7:30 a.m. Eastern, followed by a conference call at 9:00 a.m. Eastern.
The company will provide multiple ways to access the earnings call, including a webcast and dial-in options. Investor presentation materials will be made available before the conference call on their investor relations website. Participants are encouraged to join a few minutes before the scheduled start time, with listen-only participants recommended to use the webcast link.
Berkshire Hills Bancorp (NYSE: BHLB) and Brookline Bancorp (NASDAQ: BRKL) have announced a $1.1 billion all-stock merger agreement, creating a combined entity with $24 billion in assets. The merger, expected to close in Q3 2025, includes a $100 million common stock issuance by BHLB at $29.00 per share.
The combined company will maintain a 50/50 split of the 16-person board of directors, with key executives from both companies retaining their positions. The merger is projected to generate $65-70 million in annual cost savings, representing 13% of combined noninterest expenses.
The proforma entity will have $19 billion in loans and $18 billion in deposits, becoming the 3rd largest mid-sized bank in New England. The transaction includes significant interest rate marks totaling $282 million across various portfolios, with an expected CET1 ratio of 9.8%, projected to reach mid-10% by year-end 2026.
Berkshire Hills Bancorp (NYSE: BHLB) and Brookline Bancorp (NASDAQ: BRKL) have announced a merger of equals valued at approximately $1.1 billion. The all-stock transaction will create a $24 billion asset franchise with 148 branch offices across the Northeast. Brookline shareholders will receive 0.42 shares of Berkshire common stock for each Brookline share.
The combined entity will be supported by a $100 million capital raise through Berkshire common stock issuance at $29.00 per share. Post-merger, Berkshire shareholders will own 51%, Brookline shareholders 45%, and new investors 4%. The merger is expected to close by the end of H2 2025, subject to regulatory and shareholder approvals.
The combined company will operate under a new name and ticker symbol on the NYSE, with executive headquarters in Boston. The leadership structure will include equal board representation and a regional banking model with six divisions.
Berkshire Hills Bancorp (NYSE: BHLB) has declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on November 27, 2024, to shareholders of record as of November 14, 2024. This announcement follows the Board of Directors' approval of the quarterly shareholder distribution.
Berkshire Hills Bancorp (NYSE: BHLB) reported strong Q3 2024 results with net income of $37.5 million, or $0.88 per share, including a $16 million non-operating gain from branch sales. Operating EPS reached $0.58, up 5% quarter-over-quarter and 16% year-over-year. The company completed the sale of ten branch offices, reducing total branches by 14% to 83 offices. Operating revenue grew 1% linked quarter, while net interest margin slightly decreased to 3.16%. The company's balance sheet was strengthened through the sale of $46.5 million in consumer loans, and capital position improved with tangible common equity ratio rising to 9.1% from 8.2%.
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) has announced its schedule for the third quarter 2024 earnings release and conference call. The earnings release is set for October 24, 2024, at approximately 7:30 a.m. (Eastern). The conference call will follow on the same day at 9:00 a.m. (Eastern).
Investors can access the webcast through a provided link or join via phone using the toll-free number 800-549-8228 with Conference ID 47447. A webcast replay will be available on the company's investor relations website, and a telephone replay can be accessed using the toll-free number 888-660-6264 with passcode 47447 #.
Investor presentation materials will be made available prior to the conference call on the company's investor relations website. Participants are advised to join a few minutes before the scheduled start time, with listen-only participants encouraged to use the webcast link where practical.
