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)

9/30/2019
TTM
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 investments3732402611261187276
Cash and cash equivalents3021832491131047276
Short-term investments7157121314  
Disposal group, including discontinued operation    13  
Total current assets:3732402611261317276
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset79
Property, plant and equipment12310810993888784
Intangible assets, net (including goodwill)602552558423335276271
Goodwill555518519403324265257
Intangible assets, net (excluding goodwill)47333819111214
Total noncurrent assets:812660667516423364355
Other undisclosed assets12,34711,31210,6438,5207,2786,0675,242
TOTAL ASSETS:13,53212,21211,5719,1637,8326,5025,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3031,1196701,0851,074904876
Total current liabilities:3031,1196701,0851,074904876
Noncurrent Liabilities
Other undisclosed liabilities11,4579,5409,4046,9845,8714,8894,119
Total liabilities:11,76010,65910,0748,0696,9455,7934,995
Stockholders' equity
Stockholders' equity attributable to parent1,7721,5531,4961,093887709678
Preferred stock414141    
Common stock1000000
Treasury stock, value(45)(22)(24)(27)(29)(33)(37)
Additional paid in capital1,4221,2451,242899743585587
Deferred compensation equity(9)(7)(7)(6)(7)(6)(6)
Accumulated other comprehensive income (loss)16(13)410(3)7(9)
Retained earnings347309239217184156142
Total stockholders' equity:1,7721,5531,4961,093887709678
TOTAL LIABILITIES AND EQUITY:13,53212,21211,5719,1637,8326,5025,673

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues449469420298268226227
Net investment income451411308243211  
Financial services revenue13568605351
Cost of revenue(37)(25)(21)(17)(17)(15)(11)
Provision for loan, lease, and other losses(37)(25)
Financial services costs(21)(17)(17)(15)(11)
Gross profit:412444399281251211216
Operating expenses(46)(45)(200)(134)(123)(117)(113)
Other operating expense, net(38)(22)(32)(15)(18)(2)(7)
Noninterest income, other operating income     68
Other nonrecurring (income) expense(38)(22)(32)(15)(18)(8)(15)
Operating income:3283761681311119396
Nonoperating income     32
Investment income, nonoperating     1(2)
Bank owned life insurance income     34
Interest and debt expense(145)(112)(65)(48)(33)(28)(35)
Other undisclosed loss from continuing operations before equity method investments, income taxes(80)(131)(3)(6)(23)(22)(5)
Income from continuing operations before income taxes:10213310077554658
Income tax expense(19)(28)(45)(19)(5)(12)(17)
Income from continuing operations:831065559503441
Income from discontinued operations3      
Net income attributable to parent:861065559503441
Preferred stock dividends and other adjustments(1)(1)(0)    
Net income available to common stockholders, diluted:851055559503441

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:861065559503441
Other comprehensive income (loss) 0(0)0(1)  
Other undisclosed comprehensive income0      
Comprehensive income:861065559493441
Other undisclosed comprehensive income (loss), net of tax, attributable to parent44(13)(6)13(9)16(6)
Comprehensive income, net of tax, attributable to parent:130935072404935

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: