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Income Statement
Balance Sheet
Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

BERKSHIRE HILLS BANCORP INC (BHLB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans   282.2358.0448.9406.2302.9242.6211.3
        Interest income on investments   46.951.860.659.752.237.835.7
       387.3329.1409.8509.5465.9355.1280.4247.0
    Interest expense:  
        Interest on deposits   27.272.7115.278.443.930.922.9
       42.737.993.0144.3109.764.148.233.2
Net interest income  429.9291.2316.8365.3356.2291.0232.3213.8
Provision for loan losses   -0.575.935.425.521.017.416.7
Net interest income after provision for loan losses  429.9291.7240.9329.8330.7269.9214.9197.1
        Deposit and loan fees         25.1
        Gain on sale of investments, net         2.1
        Other non-interest income  68.9143.266.384.074.374.265.927.1
Total non-interest income  68.9143.266.384.074.374.265.954.3
Non-interest expenses  288.7285.9840.2289.9266.9253.0203.3196.8
Pre-tax income before non-recurring items  113.8154.826.6152.0160.8123.194.072.2
Non-recurring items   5.8559.628.022.631.916.517.6
Pre-tax income  113.8149.0-533.0124.0138.291.277.554.6
Income taxes  21.330.4-19.922.529.042.118.85.1
            Tax rate  18.7%20.4%3.7%18.1%21.0%46.1%24.3%9.3%
Earnings from continuing ops  92.5118.7-513.5100.6108.348.958.749.5
Earnings from discontinued ops    -19.8-4.1-3.56.1  
Net income  92.5118.7-533.396.5104.855.058.749.5
            Net margin  22.4%27.3%-173.6%23.3%25.9%16.0%20.9%19.7%
   
Basic EPS  $2.03$2.41($10.21)$2.04$2.35$1.24$1.89$1.74
Diluted EPS  $2.02$2.39($10.21)$2.03$2.34$1.23$1.88$1.73
   
Shares outstanding (basic)  45.649.250.349.346.039.531.028.4
Shares outstanding (diluted)  45.949.650.349.446.239.731.228.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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