Berkshire Hills Bancorp, Inc. (BHLB) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6521,586621240261126118
Cash and cash equivalents1,6281,558580183249113104
Short-term investments24284257121314
Disposal group, including discontinued operation      13
Total current assets:1,6521,586621240261126131
Noncurrent Assets
Finance lease, right-of-use asset778
Operating lease, right-of-use asset526076
Property, plant and equipment941131211081099388
Intangible assets, net (including goodwill)3035599552558423335
Goodwill  554518519403324
Intangible assets, net (excluding goodwill)30354633381911
Deferred income tax assets534651
Total noncurrent assets:235261856660667516423
Other undisclosed assets9,66810,99111,73911,31210,6438,5207,278
TOTAL ASSETS:11,55512,83813,21612,21211,5719,1637,832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 401251,1196701,0851,074
Total current liabilities: 401251,1196701,0851,074
Noncurrent Liabilities
Other undisclosed liabilities10,37211,61011,3329,5409,4046,9845,871
Total liabilities:10,37211,65011,45710,65910,0748,0696,945
Stockholders' equity
Stockholders' equity attributable to parent1,1821,1881,7591,5531,4961,093887
Preferred stock  414141  
Common stock1110000
Treasury stock, value(90)(31)(70)(22)(24)(27)(29)
Additional paid in capital1,4231,4271,4221,2451,242899743
Deferred compensation equity(9)(6)(8)(7)(7)(6)(7)
Accumulated other comprehensive income (loss)(3)3112(13)410(3)
Retained earnings (accumulated deficit)(139)(233)361309239217184
Total stockholders' equity:1,1821,1881,7591,5531,4961,093887
TOTAL LIABILITIES AND EQUITY:11,55512,83813,21612,21211,5719,1637,832

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues434383449469420298268
Net investment income282358449411308243211
Financial services revenue1356860
Cost of revenue (76)(35)(25)(21)(17)(17)
Provision for loan, lease, and other losses (76)(35)(25)
Financial services costs(21)(17)(17)
Gross profit:434307414444399281251
Operating expenses(52)(602)(42)(45)(200)(134)(123)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(6)(6)(28)(22)(32)(15)(18)
Operating income (loss):376(300)344376168131111
Interest and debt expense(38)(93)(144)(112)(65)(48)(33)
Other undisclosed loss from continuing operations before equity method investments, income taxes(189)(140)(76)(131)(3)(6)(23)
Income (loss) from continuing operations before income taxes:149(533)1241331007755
Income tax expense (benefit)(30)20(22)(28)(45)(19)(5)
Income (loss) from continuing operations:119(513)102106555950
Loss from discontinued operations (20)(4)    
Net income (loss) attributable to parent:119(533)97106555950
Preferred stock dividends and other adjustments (0)(1)(1)(0)  
Net income (loss) available to common stockholders, diluted:119(533)96105555950

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):119(533)97106555950
Other comprehensive income (loss)1(0)(0)0(0)0(1)
Comprehensive income (loss):119(533)97106555949
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(35)1926(13)(6)13(9)
Comprehensive income (loss), net of tax, attributable to parent:85(514)12393507240

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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