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About the company
Berkshire Hills Bancorp, Inc. is a holding company for Berkshire Bank (the Bank). The Bank provides commercial banking, retail banking, consumer lending, private banking and wealth management services. The Bank provides various loans, including commercial real estate, commercial and industrial loans, residential mortgages and consumer loans. The Bank originates commercial real estate loans on properties used for business purposes, such as retail, multifamily, office, healthcare, hospitality, industrial and manufacturing facilities. The Bank is engaged in prime home equity lending, following its conforming mortgage underwriting guidelines with streamlined verifications and documentation. The Bank offers fixed-rate and adjustable-rate residential mortgage loans. The Company's Wealth Management Group provides consultative investment management, trust administration, and financial planning to individuals, businesses, and institutions, with an emphasis on personal investment management.
- Revenue in USD (TTM)595.99m
- Net income in USD21.77m
- Incorporated2000
- Employees1.34k
- LocationBerkshire Hills Bancorp Inc60 State Street, 38Th FloorBOSTON 2109United StatesUSA
- Phone+1 (413) 443-5601
- Fax+1 (302) 655-5049
- Websitehttps://ir.berkshirebank.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brookline Bancorp, Inc. | 600.20m | 82.10m | 775.16m | 974.00 | 9.45 | 0.6546 | 7.91 | 2.15 | 0.9224 | 0.9224 | 4.05 | 13.32 | -- | -- | -- | -- | 0.7119 | 0.9905 | -- | -- | -- | -- | 22.77 | 27.62 | -- | -- | -- | 42.82 | 67.24 | 12.96 | -31.66 | -1.85 | 29.81 | 6.45 |
| First Bancshares Inc (Mississippi) | 352.26m | 79.81m | 781.09m | 1.08k | 9.91 | 0.8137 | 8.46 | 2.71 | 2.53 | 2.53 | 9.13 | 30.75 | -- | -- | -- | -- | 0.9989 | 1.10 | -- | -- | -- | -- | 27.66 | 28.49 | -- | -- | -- | 23.64 | 70.13 | 27.81 | 19.93 | 28.88 | -1.89 | 35.10 |
| Southside Bancshares Inc | 381.65m | 82.17m | 805.27m | 815.00 | 9.87 | 1.02 | 8.70 | 3.24 | 2.69 | 2.69 | 8.16 | 26.02 | -- | -- | -- | -- | 1.02 | 1.29 | -- | -- | -- | -- | 33.06 | 38.74 | -- | -- | -- | 47.38 | 42.20 | 9.44 | -17.45 | 3.39 | -12.48 | 3.48 |
| Bank First Corp | 190.85m | 78.80m | 820.33m | 379.00 | 10.65 | 1.35 | 9.34 | 4.29 | 7.64 | 7.64 | 18.55 | 60.16 | -- | -- | -- | -- | 1.92 | 1.58 | -- | -- | -- | -- | 41.43 | 36.98 | -- | -- | -- | 17.56 | 56.59 | 18.55 | 65.07 | 23.82 | 11.21 | 11.08 |
| Firstsun Capital Bancorp | 428.82m | 89.55m | 926.20m | 1.11k | 9.66 | 0.9601 | 9.11 | 2.48 | 3.49 | 3.49 | 14.40 | 35.15 | -- | -- | -- | -- | 1.16 | -- | -- | -- | -- | -- | 24.00 | -- | -- | -- | -- | -- | 55.04 | -- | 74.94 | -- | -- | -- |
| Berkshire Hills Bancorp Inc | 595.99m | 21.77m | 968.46m | 1.34k | 45.34 | 0.9616 | 27.87 | 2.74 | 0.4934 | 0.4934 | 8.19 | 23.26 | -- | -- | -- | -- | 0.178 | -0.2125 | -- | -- | -- | -- | 6.16 | -6.25 | -- | -- | -- | -- | 48.82 | 4.35 | -24.79 | -8.46 | -28.48 | -9.31 |
| Origin Bancorp Inc | 541.95m | 82.13m | 968.91m | 1.04k | 11.78 | 0.898 | 9.76 | 2.72 | 2.65 | 2.65 | 11.48 | 34.79 | -- | -- | -- | -- | 0.8111 | 0.9804 | -- | -- | -- | -- | 23.09 | 25.62 | -- | -- | -- | 16.48 | 60.25 | 22.71 | -4.46 | 11.38 | 37.38 | 43.82 |
| German American Bancorp Inc | 264.43m | 84.10m | 971.85m | 840.00 | 11.52 | 1.48 | 10.39 | 3.93 | 2.84 | 2.84 | 8.37 | 22.09 | -- | -- | -- | -- | 1.39 | 1.43 | -- | -- | -- | -- | 33.98 | 33.00 | -- | -- | -- | 31.17 | 17.23 | 13.92 | 4.97 | 13.04 | -17.67 | 10.76 |
| QCR Holdings, Inc. | 434.24m | 113.13m | 975.10m | 953.00 | 8.65 | 1.07 | 7.80 | 2.77 | 6.71 | 6.71 | 20.91 | 53.99 | -- | -- | -- | -- | 1.36 | 1.37 | -- | -- | -- | -- | 32.08 | 29.43 | -- | -- | -- | 4.51 | 41.30 | 17.72 | 14.63 | 21.37 | 5.46 | 0.00 |
| Republic Bancorp Inc | 386.34m | 92.89m | 1.02bn | 1.01k | 11.15 | 1.09 | 9.96 | 2.79 | 4.70 | 4.70 | 18.48 | 48.20 | -- | -- | -- | -- | 1.43 | 1.50 | -- | -- | -- | -- | 25.43 | 27.52 | -- | -- | -- | 28.43 | 45.82 | 6.81 | -0.8035 | 3.03 | -6.83 | 4.72 |
| Byline Bancorp Inc | 517.80m | 114.37m | 1.03bn | 1.04k | 8.54 | 1.02 | 8.06 | 2.59 | 2.73 | 2.73 | 9.46 | 22.88 | -- | -- | -- | -- | 1.35 | 1.16 | -- | -- | -- | -- | 28.80 | 24.41 | -- | -- | -- | 11.62 | 59.00 | 18.30 | 22.93 | 22.61 | 8.41 | -- |
| Peoples Bancorp Inc. | 482.85m | 115.52m | 1.04bn | 1.50k | 9.24 | 0.9748 | 7.60 | 2.32 | 3.17 | 3.17 | 12.89 | 30.01 | -- | -- | -- | -- | 1.40 | 1.17 | -- | -- | -- | -- | 26.02 | 24.90 | -- | -- | -- | 51.70 | 63.01 | 23.77 | 11.62 | 19.97 | 24.32 | 6.71 |
| Preferred Bank | 495.42m | 145.43m | 1.04bn | 300.00 | 7.41 | 1.47 | 7.07 | 3.52 | 10.35 | 10.35 | 21.03 | 52.23 | -- | -- | -- | -- | 2.20 | 1.89 | -- | -- | -- | -- | 49.23 | 47.47 | -- | -- | -- | 21.83 | 62.37 | 19.62 | 16.45 | 16.53 | -2.68 | 18.17 |
| Sandy Spring Bancorp Inc | 652.19m | 91.86m | 1.04bn | 1.08k | 11.36 | 0.6549 | 9.10 | 2.57 | 2.04 | 2.04 | 9.02 | 35.37 | -- | -- | -- | -- | 0.6565 | 1.25 | -- | -- | -- | -- | 22.65 | 32.57 | -- | -- | -- | 37.98 | 28.62 | 14.49 | -25.96 | 4.10 | 6.10 | 4.33 |
| Veritex Holdings Inc | 741.82m | 94.01m | 1.12bn | 820.00 | 11.96 | 0.7297 | 9.87 | 2.80 | 1.72 | 1.72 | 7.35 | 28.23 | -- | -- | -- | -- | 0.7426 | 1.20 | -- | -- | -- | -- | 23.46 | 30.99 | -- | -- | -- | 32.75 | 61.74 | 38.03 | -26.01 | 22.42 | -18.04 | -- |
Data as of May 24 2024. Currency figures normalised to Berkshire Hills Bancorp Inc's reporting currency: US Dollar USD
52.23%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 5.83m | 13.36% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 4.94m | 11.32% |
| Dimensional Fund Advisors LPas of 31 Mar 2024 | 2.60m | 5.95% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 2.12m | 4.86% |
| Clark Capital Management Group, Inc.as of 31 Mar 2024 | 1.66m | 3.79% |
| AllianceBernstein LPas of 31 Mar 2024 | 1.49m | 3.40% |
| Wellington Management Co. LLPas of 31 Mar 2024 | 1.36m | 3.11% |
| Invesco Advisers, Inc.as of 31 Mar 2024 | 1.01m | 2.31% |
| Geode Capital Management LLCas of 31 Mar 2024 | 940.25k | 2.16% |
| Systematic Financial Management LPas of 31 Mar 2024 | 861.94k | 1.98% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
