BHLB · Berkshire Hills Bancorp Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $29.95M | $400.00M | $411.83M | $413.53M | $434.41M | $383.09M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $10.00M | $7.00M | $8.40M | $12.50M | - | - |
| Operating Income | $121.86M | $79.52M | $78.32M | $113.82M | $149.02M | ($533.03M) |
| Interest Expense | - | - | $207.25M | $42.66M | $37.90M | $93.00M |
| Income Tax | $31.59M | $18.51M | $8.72M | $21.29M | ($19.85M) | - |
| Net Income | $90.27M | $61.00M | $69.60M | $92.53M | $118.66M | ($533.02M) |
| EPS - Basic | $1.03 | $1.44 | $1.61 | $2.03 | $2.41 | ($10.60) |
| EPS - Diluted | $1.03 | $1.43 | $1.60 | $2.02 | $2.39 | ($10.60) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.04B | $1.13B | $1.20B | $685.36M | $1.63B | $1.56B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $23.22B | $12.27B | $12.43B | $11.66B | $11.55B | $12.84B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $788.36M | $334.59M | $246.59M | $125.51M | $110.84M | $531.64M |
| Total Liabilities | $20.72B | $11.11B | $11.42B | $10.71B | $10.37B | $11.65B |
| Stockholders' Equity | $2.50B | $1.17B | $1.01B | $954.06M | $1.18B | $1.19B |
| Retained Earnings | $485.86M | ($3.08M) | ($33.14M) | ($71.43M) | ($139.38M) | ($233.34M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $224.44M | $125.21M | $157.16M | $123.23M | $105.48M | $227.64M |
| Investing Cash Flow | $2.30B | ($317.25M) | ($284.46M) | ($1.27B) | $600.55M | $641.10M |
| Financing Cash Flow | ($1.03B) | $117.21M | $645.19M | $207.69M | ($636.10M) | $109.30M |
| CapEx | $12.29M | $4.57M | $1.82M | $1.50M | $1.61M | $7.21M |
| Free Cash Flow | $212.16M | $120.64M | $155.34M | $121.74M | $103.87M | $220.43M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 406.9% | 19.9% | 19.0% | 27.5% | 34.3% | -139.1% |
| EBITDA margin | 440.3% | 21.6% | 21.1% | 30.5% | - | - |
| Net margin | 301.4% | 15.3% | 16.9% | 22.4% | 27.3% | -139.1% |
| Free cash flow margin | 708.4% | 30.2% | 37.7% | 29.4% | 23.9% | 57.5% |
| FCF / Net income | 2.35 | 1.98 | 2.23 | 1.32 | 0.88 | -0.41 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 25.9% | 23.3% | 11.1% | 18.7% | -20.1% | - |
| Return on assets | 0.4% | 0.5% | 0.6% | 0.8% | 1.0% | -4.2% |
| Return on equity | 3.6% | 5.2% | 6.9% | 9.7% | 10.0% | -44.9% |
| Return on invested capital | 2.7% | 4.1% | 5.5% | 8.6% | 11.5% | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.32 | 0.29 | 0.24 | 0.13 | 0.09 | 0.45 |
| Debt / Assets | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.04 |
| Debt / EBITDA | 5.98 | 3.87 | 2.84 | 0.99 | - | - |
| Interest coverage | - | - | 0.4x | 2.7x | 3.9x | -5.7x |
| Equity multiplier | 9.30 | 10.51 | 12.28 | 12.22 | 9.77 | 10.81 |
| Liabilities / Assets | 0.89 | 0.90 | 0.92 | 0.92 | 0.90 | 0.91 |
| Efficiency | ||||||
| Asset turnover | 0.00 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -92.5% | -2.9% | -0.4% | -4.8% | 13.4% | -14.7% |
| Revenue CAGR (3y) | -58.3% | -2.7% | 2.4% | -2.7% | -2.5% | -3.1% |
| Revenue CAGR (5y) | -39.9% | -2.3% | -2.6% | -0.3% | 7.8% | 7.4% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 53.3% | 1.5% | -31.2% | -23.6% | - | - |
| Net income growth (YoY) | 48.0% | -12.3% | -24.8% | -22.0% | - | - |
| EPS growth (YoY) | -28.0% | -10.6% | -20.8% | -15.5% | - | - |
| EPS CAGR (3y) | -20.1% | -15.7% | - | 0.8% | 1.4% | - |
| EPS CAGR (5y) | - | -6.2% | -6.9% | 7.8% | 4.9% | - |
| FCF growth (YoY) | 75.9% | -22.3% | 27.6% | 17.2% | -52.9% | 118.3% |
| FCF CAGR (5y) | -0.8% | 3.6% | -6.1% | 13.2% | 3.1% | 22.8% |
| Book value growth (YoY) | 113.8% | 15.3% | 6.1% | -19.3% | -0.4% | -32.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$29.95M totalDeposit Account$15.24M · 50.9%
Wealth Management Fees$9.75M · 32.6%
Interchange Income$4.96M · 16.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Savings Institutions, Not Federally Chartered
Comparing BERKSHIRE HILLS BANCORP INC against the 5 most active filers in the same SIC group.