Berkshire Hills Bancorp, Inc. (BHLB) financial statements (2020 and earlier)

Company profile

Business Address 60 STATE STREET
BOSTON, MA 02109
State of Incorp. DE
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments621373300238240207210
Cash and cash equivalents580302229168183136139
Short-term investments42717170577171
Total current assets:621373300238240207210
Noncurrent Assets
Finance lease, right-of-use asset888 
Operating lease, right-of-use asset767981 
Property, plant and equipment121123122106108111112
Intangible assets, net (including goodwill)599602603551552553555
Goodwill554555555518518518519
Intangible assets, net (excluding goodwill)46474932333536
Deferred income tax assets51   
Total noncurrent assets:856812814656660664667
Other undisclosed assets11,73912,34712,54011,27911,31211,15911,025
TOTAL ASSETS:13,21613,53213,65412,17312,21212,03011,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1253036128641,1191,1911,005
Total current liabilities:1253036128641,1191,1911,005
Noncurrent Liabilities
Other undisclosed liabilities11,33211,45711,2629,7329,5409,3079,381
Total liabilities:11,45711,76011,87410,59610,65910,49810,386
Stockholders' equity
Stockholders' equity attributable to parent1,7591,7721,7801,5771,5531,5321,516
Preferred stock41414141414141
Common stock1110000
Treasury stock, value(70)(45)(24)(19)(22)(21)(21)
Additional paid in capital1,4221,4221,4211,2451,2451,2451,245
Deferred compensation equity(8)(9)(7)(9)(7)(9)(10)
Accumulated other comprehensive income (loss)121611(3)(13)(29)(21)
Retained earnings361347337322309305283
Total stockholders' equity:1,7591,7721,7801,5771,5531,5321,516
TOTAL LIABILITIES AND EQUITY:13,21613,53213,65412,17312,21212,03011,902

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues115118109107114119121
Net investment income111118114106113104102
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(5)(23)(3)(4)(7)(7)(7)
Gross profit:10996106103108112115
Operating expenses(10)(12)(13)(10)(12)(13)(12)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(6)(4)(11)(7)(16)(0)(1)
Operating income:948081868099102
Interest and debt expense(34)(37)(38)(36)(34)(30)(26)
Other undisclosed loss from continuing operations before equity method investments, income taxes(20)(18)(14)(20)(28)(28)(34)
Income from continuing operations before income taxes:39252931184142
Income tax expense(6)(4)(5)(7)(3)(9)(8)
Income from continuing operations:33212424143234
Income (loss) from discontinued operations(7)21(1)   
Net income attributable to parent:26232524143234
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:26222523143234

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:26232524143234
Other undisclosed comprehensive income (loss)(0)   0  
Comprehensive income:26232524143234
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)5141115(7)(6)
Comprehensive income, net of tax, attributable to parent:22274034292528

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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