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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6212402611261187276
Cash and cash equivalents5801832491131047276
Short-term investments4257121314  
Disposal group, including discontinued operation    13  
Total current assets:6212402611261317276
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset76
Property, plant and equipment12110810993888784
Intangible assets, net (including goodwill)599552558423335276271
Goodwill554518519403324265257
Intangible assets, net (excluding goodwill)46333819111214
Deferred income tax assets51
Total noncurrent assets:856660667516423364355
Other undisclosed assets11,73911,31210,6438,5207,2786,0675,242
TOTAL ASSETS:13,21612,21211,5719,1637,8326,5025,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1251,1196701,0851,074904876
Total current liabilities:1251,1196701,0851,074904876
Noncurrent Liabilities
Other undisclosed liabilities11,3329,5409,4046,9845,8714,8894,119
Total liabilities:11,45710,65910,0748,0696,9455,7934,995
Stockholders' equity
Stockholders' equity attributable to parent1,7591,5531,4961,093887709678
Preferred stock414141    
Common stock1000000
Treasury stock, value(70)(22)(24)(27)(29)(33)(37)
Additional paid in capital1,4221,2451,242899743585587
Deferred compensation equity(8)(7)(7)(6)(7)(6)(6)
Accumulated other comprehensive income (loss)12(13)410(3)7(9)
Retained earnings361309239217184156142
Total stockholders' equity:1,7591,5531,4961,093887709678
TOTAL LIABILITIES AND EQUITY:13,21612,21211,5719,1637,8326,5025,673

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues449469420298268226227
Net investment income449411308243211  
Financial services revenue13568605351
Cost of revenue(35)(25)(21)(17)(17)(15)(11)
Provision for loan, lease, and other losses(35)(25)
Financial services costs(21)(17)(17)(15)(11)
Gross profit:414444399281251211216
Operating expenses(42)(45)(200)(134)(123)(117)(113)
Other operating expense, net(28)(22)(32)(15)(18)(2)(7)
Noninterest income, other operating income     68
Other nonrecurring (income) expense(28)(22)(32)(15)(18)(8)(15)
Operating income:3443761681311119396
Nonoperating income     32
Investment income, nonoperating     1(2)
Bank owned life insurance income     34
Interest and debt expense(144)(112)(65)(48)(33)(28)(35)
Other undisclosed loss from continuing operations before equity method investments, income taxes(76)(131)(3)(6)(23)(22)(5)
Income from continuing operations before income taxes:12413310077554658
Income tax expense(22)(28)(45)(19)(5)(12)(17)
Income from continuing operations:1021065559503441
Loss from discontinued operations(4)      
Net income attributable to parent:971065559503441
Preferred stock dividends and other adjustments(1)(1)(0)    
Net income available to common stockholders, diluted:961055559503441

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:971065559503441
Other comprehensive income (loss)(0)0(0)0(1)  
Comprehensive income:971065559493441
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26(13)(6)13(9)16(6)
Comprehensive income, net of tax, attributable to parent:123935072404935

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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