Tearsheet

Berkshire Hills Bancorp (BHLB)

Market Price (9/30/2025): $23.67 | Market Cap: $1.1 Bil
Sector: Financials | Industry: Regional Banks

Berkshire Hills Bancorp (BHLB)

Market Price (9/30/2025): $23.67
Market Cap: $1.1 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 11%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -66%
2	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 11%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -66%
2	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%

Market Valuation

	9/30/25	2024	2023	2022	2021
Share Price CYE	$23.67	$27.87	$23.64	$27.57	$25.73
Market Cap CYE ($ Bil)	1.1	1.2	1.0	1.2	1.2
Total Debt ($ Bil)	0.6	0.5	0.6	0.2	0.2
Total Cash ($ Bil)	0.8	1.1	1.2	0.7	1.6
Enterprise Value ($ Bil)	0.9	1.7	1.6	1.4	1.4
Valuation Ratios
P/S TTM	2.4	3.1	2.6	3.3	3.7
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	9.6	19.8	15.4	14.7	11.8
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.8	3.4
P/EBIT TTM (Sector)	6.9	6.8	7.0	7.0	7.0
P/E TTM (Sector)	12.6	11.6	10.1	9.4	10.1

	9/30/25	2024	2023
Share Price CYE	$23.67	$27.87	$23.64
Market Cap CYE ($ Bil)	1.1	1.2	1.0
Total Debt ($ Bil)	0.6	0.5	0.6
Total Cash ($ Bil)	0.8	1.1	1.2
Enterprise Value ($ Bil)	0.9	1.7	1.6
Valuation Ratios
P/S TTM	2.4	3.1	2.6
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	9.6	19.8	15.4
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8
P/EBIT TTM (Sector)	6.9	6.8	7.0
P/E TTM (Sector)	12.6	11.6	10.1

Stock Price
Market Cap

Return (1M):

Business Description

Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BHLB Return	-45%	69%	7%	-14%	18%	-6%	-13%
Peers Return	-2%	12%	-18%	18%	1%	15%	23%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NEWT, ATLO, AVBC, LSBK, NU.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than Berkshire Hills Bancorp (BHLB)

	BHLB	Better Performance than BHLB
Metric	Value	Industry (Regional Banks)
Rev Chg LTM	26.0%	SSB (28.6%), UMBF (39.4%), CADE (42.6%), AUB (41.2%), INTR (34.9%)
Rev Chg 3Y Avg	8.6%	NU (70.1%), MTB (15.5%), FCNCA (53.3%), BAP (12.8%), EWBC (11.6%)
CFO/Rev LTM	32.8%	NU (44.0%), MTB (33.3%), FITB (50.5%), RF (36.7%), EWBC (53.7%)
FCF/Rev LTM	30.6%	NU (40.8%), MTB (31.5%), FITB (43.7%), RF (36.2%), KEY (31.2%)
Total Yield	12.2%	RF (12.5%), BAP (29.2%), CMA (12.2%), SNV (14.6%), OZK (15.7%)

	BHLB	Better Performance than BHLB
Metric	Value	Sector (Financials)
Rev Chg LTM	26.0%	BX (34.9%), HOOD (59.6%), COIN (75.2%), ARES (49.9%), SOFI (31.5%)
Rev Chg 3Y Avg	8.6%	BRK-B (16.6%), JPM (13.5%), V (11.5%), MA (13.5%), AXP (12.5%)
CFO/Rev LTM	32.8%	V (60.4%), MA (53.3%), RY (135.4%), SCHW (82.3%), SPGI (38.0%)
FCF/Rev LTM	30.6%	V (56.8%), MA (49.2%), RY (131.7%), SCHW (79.4%), SPGI (36.8%)
Total Yield	12.2%	TD (15.3%), BNS (12.2%), USB (13.1%), TFC (12.7%), ALL (12.2%)

	BHLB	Better Performance than BHLB
Metric	Value	All Other Sectors
Rev Chg LTM	26.0%	NVDA (71.6%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%), AMD (27.2%)
Rev Chg 3Y Avg	8.6%	NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
CFO/Rev LTM	32.8%	NVDA (46.6%), MSFT (48.3%), GOOGL (36.0%), META (56.4%), AVGO (42.4%)
FCF/Rev LTM	30.6%	NVDA (43.6%), META (30.7%), AVGO (41.6%), PLTR (49.7%), ABBV (31.3%)
Total Yield	12.2%	BABA (35.1%), TM (2129.3%), MRK (12.4%), VZ (16.2%), PFE (13.3%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Why Berkshire Hills Bancorp Stock Moved: BHLB Stock Has Gained 2% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues
2	Berkshire Hills Bancorp (BHLB) Valuation Ratios Comparison	Financials
3	BHLB Dip Buy Analysis
4	Buy Or Fear Berkshire Hills Bancorp (BHLB) Stock?	Buy or Fear
5	Berkshire Hills Bancorp (BHLB) Operating Cash Flow Comparison	Financials
6	Berkshire Hills Bancorp (BHLB) Net Income Comparison	Financials

	Title
0	ARTICLES
1	Why Berkshire Hills Bancorp Stock Moved: BHLB Stock Has Gained 2% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues
2	Berkshire Hills Bancorp (BHLB) Valuation Ratios Comparison
3	BHLB Dip Buy Analysis
4	Buy Or Fear Berkshire Hills Bancorp (BHLB) Stock?
5	Berkshire Hills Bancorp (BHLB) Operating Cash Flow Comparison
6	Berkshire Hills Bancorp (BHLB) Net Income Comparison

Trade Ideas

Select past trade ideas related to BHLB and Regional Banks.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FIS_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	FIS	Fidelity National Information Services	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.4%	-7.4%	-8.7%
FI_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	FI	Fiserv	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-6.8%	-6.8%	-7.4%
MORN_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	MORN	Morningstar	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-15.0%	-15.0%	-16.2%
RKT_7312025_Short_Squeeze	07312025	RKT	Rocket Companies	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	32.1%	32.1%	0.0%
SII_7312025_Quality_Momentum_RoomToRun_10%	07312025	SII	Sprott	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	21.9%	21.9%	-6.7%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FIS_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	FIS	Fidelity National Information Services	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.4%	-7.4%	-8.7%
FI_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	FI	Fiserv	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-6.8%	-6.8%	-7.4%
MORN_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	MORN	Morningstar	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-15.0%	-15.0%	-16.2%
RKT_7312025_Short_Squeeze	07312025	RKT	Rocket Companies	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	32.1%	32.1%	0.0%
SII_7312025_Quality_Momentum_RoomToRun_10%	07312025	SII	Sprott	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	21.9%	21.9%	-6.7%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	13709.5%	13709.5%
2	TNFA	TNF Pharmaceuticals	7529.9%	-95.9%
3	QMMM	QMMM	2749.6%	9228.1%
4	WOLF	Wolfspeed	1757.1%	231.8%
5	EAF	GrafTech International	1199.0%	-24.2%
6	SEGG	Lottery.com	646.7%	-7.9%
7	SLNH	Soluna	435.8%	20.0%
8	PTNM	Pitanium	433.3%
9	NUAI	New Era Energy & Digital	395.6%
10	BREA	Brera	380.3%	3593.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-96.1%	-100.0%
2	WOK	WORK Medical Technology	-90.8%	-98.5%
3	CJET	Chijet Motor	-90.3%	-92.7%
4	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
5	YAAS	Youxin Technology	-85.8%	-98.9%
6	ATYR	aTyr Pharma	-85.1%	-78.0%
7	CURX	Curanex Pharmaceuticals	-84.9%	28.8%
8	YYGH	YY	-84.6%	-80.3%
9	NEON	Neonode	-84.6%	-58.7%
10	SDM	Smart Digital	-82.5%	-83.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

Peer Comparisons for Berkshire Hills Bancorp

Financials

	BHLB	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	Berkshir.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
Mkt Price	-	11.59	20.30	15.01	13.06	15.95	15.01
Mkt Cap	1.2	0.3	0.2	-	-	77.0	0.7
Rev LTM	444	257	60	90	26	8,967	173
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	136	-378	20	-8	4	3,657	12
FCF 3Y Avg	144	-194	16	-	5	2,317	16
CFO LTM	145	-378	20	-4	4	3,941	12
CFO 3Y Avg	148	-193	18	-	5	2,506	18

Growth & Margins

	BHLB	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	Berkshir.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
Rev Chg LTM	26.0%	24.3%	13.1%	-	2.1%	23.7%	23.7%
Rev Chg 3Y Avg	8.6%	28.3%	-2.3%	-	0.0%	70.1%	8.6%
Rev Chg Q	4.6%	18.6%	19.4%	-	16.5%	20.4%	18.6%
QoQ Delta Rev Chg LTM	1.1%	4.2%	4.6%	-	4.0%	5.0%	4.2%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	32.8%	-147.3%	33.7%	-4.2%	17.4%	44.0%	25.1%
CFO/Rev 3Y Avg	35.7%	-97.4%	31.7%	-	19.2%	37.8%	31.7%
FCF/Rev LTM	30.6%	-147.4%	33.0%	-8.3%	15.3%	40.8%	23.0%
FCF/Rev 3Y Avg	34.7%	-97.5%	27.6%	-	17.8%	34.9%	27.6%

Valuation

	BHLB	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	Berkshir.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
Mkt Cap	1.2	0.3	0.2	-	-	77.0	0.7
P/S	2.7	1.1	3.0	-	-	8.6	2.9
P/EBIT	-	-	-	-	-	-	-
P/E	10.6	5.5	13.2	-	-	33.5	11.9
P/CFO	8.2	-0.8	9.0	-	-	19.5	8.6
Total Yield	12.2%	18.3%	11.9%	-	-	3.0%	12.0%
Dividend Yield	2.7%	0.0%	4.3%	-	-	0.0%	1.3%
FCF Yield 3Y Avg	14.6%	-62.0%	9.6%	-	-	4.3%	6.9%
D/E	0.5	2.3	0.2	-	-	0.0	0.3
Net D/E	-0.7	1.6	-4.0	-	-	-0.3	-0.5

Returns

	BHLB	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	Berkshir.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
1M Rtn	-	-6.3%	1.6%	-3.0%	-2.8%	7.8%	-2.8%
3M Rtn	-	4.4%	15.1%	-	-	16.3%	15.1%
6M Rtn	-	0.3%	18.4%	-	-	55.8%	18.4%
12M Rtn	-	1.3%	14.7%	-	-	15.0%	14.7%
3Y Rtn	-	-14.6%	6.4%	-	-	262.5%	6.4%
1M Excs Rtn	-	-8.0%	-0.5%	-6.0%	-5.0%	5.5%	-5.0%
3M Excs Rtn	-	-3.0%	7.8%	-	-	8.9%	7.8%
6M Excs Rtn	-	-18.2%	-2.2%	-	-	34.7%	-2.2%
12M Excs Rtn	-	-13.5%	-0.0%	-	-	-8.5%	-8.5%
3Y Excs Rtn	-	-98.7%	-71.3%	-	-	143.0%	-71.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/11/2025	3/3/2025	2/28/2024	3/1/2023	3/1/2022	3/1/2021	2/28/2020
Key Financials
Total Revenue	444	384	412	414	381	382	448
Net Income	113	61	70	93	119	-533	97
EPS	2.57	1.44	1.61	2.03	2.41	-10.60	1.98
Growth Rates
Total Revenue Growth	26.0%	-6.8%	-0.4%	8.4%	-0.1%	-14.7%	4.1%
Net Income Growth	416.3%	-12.3%	-24.8%	-22.0%	122.3%	-647.0%	-7.9%
Margins
Net Income Margin	25.5%	15.9%	16.9%	22.4%	31.1%	-139.6%	21.8%
Cash & Debt
Total Cash	1,373	1,688	2,226	2,109	3,505	3,253	1,891
Total Debt	586	495	568	189	176	646	919
Net Debt / (Cash)	-787	-1,193	-1,657	-1,920	-3,329	-2,607	-972
Cash Flows
Net Cash from Operations	145	125	157	111	85	228	112
Free Cash from Operations	136	121	155	109	83	220	101
Returns to Shareholders
Dividends	32	31	32	25	25	37	45
Share Repurchases	-0	18	24	125	69	0	53

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/11/2025	5/12/2025	3/3/2025	11/12/2024	8/9/2024	5/10/2024	2/28/2024	11/9/2023	8/9/2023	5/10/2023	3/1/2023	11/9/2022
Key Financials Quarterly
Total Revenue	114	110	110	110	109	56	80	108	110	114	118	108
Net Income	30	26	20	38	24	-20	-1	20	24	28	31	19
EPS	0.66	0.56	0.46	0.89	0.57	-0.47	-0.03	0.45	0.55	0.63	0.69	0.42
Key Financials TTM
Total Revenue TTM	444	439	384	354	352	353	412	450	450	438	414	385
Net Income TTM	113	107	61	40	22	22	70	102	101	100	93	82
Growth Rates Quarterly
Total Revenue Growth	4.6%	98.8%	37.4%	1.6%	-1.1%	-51.3%	-32.0%	-0.5%	12.4%	27.2%	31.3%	16.3%
Net Income Growth	26.4%	227.4%	1460.3%	91.9%	0.7%	-173.0%	-104.7%	4.4%	3.2%	36.8%	50.7%	-70.6%
Margins Quarterly
Net Income Margin	26.7%	23.3%	17.9%	34.2%	22.1%	-36.3%	-1.8%	18.1%	21.7%	24.2%	25.9%	17.3%
Cash & Debt
Total Cash	1,373	1,400	1,688	1,232	1,712	1,820	2,226	1,924	1,981	2,414	2,109	2,166
Total Debt	586	685	495	707	811	459	568	926	796	1,026	189	125
Net Debt / (Cash)	-787	-715	-1,193	-525	-901	-1,361	-1,657	-998	-1,185	-1,388	-1,920	-2,040
Cash Flows Quarterly
FCF from Operations	39	23	37	47	35	7	52	35	28	41	23	78
Cash Flows TTM
FCF from Operations TTM	145	142	125	141	130	123	157	127	169	138	111	90
Returns to Shareholders Quarterly
Dividends	8	8	15	-0	16	0	8	8	8	8	8	5
Share Repurchases	-0	-0	-0	-0	13	4	7	4	12	1	20	20
Return on Invested Capital (ROIC) Quarterly
ROIC	48.3%	32.0%	-	46.0%	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	45.0%	33.3%	-	12.2%	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	412	414	381	382	448
Total	412	414	381	382	448

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$26.13
Market Cap ($ Bil)	1.2
First Trading Date	06/28/2000
Distance from 52W High	-14.9%
	50 Days	200 Days
DMA Price	$25.50	$26.52
DMA Trend	down	indeterminate
Distance from DMA	2.5%	-1.5%
	3M	1YR
Volatility	27.8%	30.5%
Downside Capture	130.59	110.56
Upside Capture	124.98	96.35
Correlation (SPY)	46.6%	59.7%

BHLB Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.33	1.45	1.47	0.82	0.89	0.96
Up Beta	2.67	2.41	2.27	0.68	0.80	0.98
Down Beta	0.56	0.67	1.47	0.94	0.86	0.87
Up Capture	136%	89%	95%	69%	85%	74%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	20	30	58	116	370
Down Capture	57%	160%	138%	104%	106%	102%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	22	33	66	129	368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/24/2025	-1.8%	-4.5%	-2.5%
4/24/2025	3.2%	2.2%	4.0%
1/30/2025	1.0%	4.6%	-2.9%
10/24/2024	-0.7%	0.4%	11.2%
7/18/2024	0.6%	1.4%	-4.2%
4/18/2024	3.5%	5.3%	11.8%
1/25/2024	0.3%	-5.2%	-9.9%
10/20/2023	1.7%	3.5%	15.6%
...
SUMMARY STATS
# Positive	11	12	12
# Negative	13	12	12
Median Positive	2.2%	3.0%	11.2%
Median Negative	-2.7%	-4.9%	-7.9%
Max Positive	4.9%	6.7%	32.6%
Max Negative	-10.0%	-20.0%	-14.6%

	Forward Returns
7/24/2025	-1.8%	-4.5%	-2.5%
4/24/2025	3.2%	2.2%	4.0%
1/30/2025	1.0%	4.6%	-2.9%
10/24/2024	-0.7%	0.4%	11.2%
7/18/2024	0.6%	1.4%	-4.2%
4/18/2024	3.5%	5.3%	11.8%
1/25/2024	0.3%	-5.2%	-9.9%
10/20/2023	1.7%	3.5%	15.6%
7/20/2023	-6.9%	-3.6%	-8.2%
4/20/2023	-1.1%	-11.5%	-9.5%
1/26/2023	-2.5%	-0.3%	-4.8%
10/20/2022	3.3%	5.2%	11.2%
7/20/2022	0.8%	2.2%	11.2%
4/20/2022	-0.5%	-11.2%	-10.7%
1/20/2022	-2.7%	-4.0%	2.8%
10/21/2021	2.2%	-1.1%	2.2%
7/21/2021	4.9%	0.5%	-5.0%
4/29/2021	-4.8%	6.7%	19.0%
1/26/2021	-4.2%	-5.4%	14.7%
10/27/2020	-5.3%	2.6%	32.6%
7/30/2020	-10.0%	-9.5%	-14.1%
5/5/2020	-10.0%	-20.0%	-7.6%
1/28/2020	-2.4%	-2.5%	-14.6%
10/29/2019	2.3%	5.0%	3.3%
SUMMARY STATS
# Positive	11	12	12
# Negative	13	12	12
Median Positive	2.2%	3.0%	11.2%
Median Negative	-2.7%	-4.9%	-7.9%
Max Positive	4.9%	6.7%	32.6%
Max Negative	-10.0%	-20.0%	-14.6%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8112025	10-Q 6/30/2025
3312025	5122025	10-Q 3/31/2025
12312024	3032025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8092024	10-Q 6/30/2024
3312024	5102024	10-Q 3/31/2024
12312023	2282024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8092023	10-Q 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	3012023	10-K 12/31/2022
9302022	11092022	10-Q 9/30/2022
6302022	8092022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	3012022	10-K 12/31/2021
9302021	11092021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Tulchiner Ellen	EVP,Head of Cnsmr Lndng&Pymnts	2142025	Sell	29.97	1,052	31,529		Form

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BHLB Return	-45%	69%	7%	-14%	18%	-6%	-13%
Peers Return	-2%	12%	-18%	18%	1%	15%	23%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	106%
Monthly Win Rates [3]
BHLB Win Rate	50%	50%	58%	42%	50%	50%
Peers Win Rate	22%	25%	28%	35%	27%	72%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
BHLB Max Drawdown	-72%	-3%	-15%	-37%	-17%	-19%
Peers Max Drawdown	-19%	-2%	-23%	-16%	-10%	-7%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Berkshire Hills Bancorp (BHLB)

Market Price (9/30/2025): $23.67 | Market Cap: $1.1 BilSector: Financials | Industry: Regional Banks

Berkshire Hills Bancorp (BHLB)

Market Price (9/30/2025): $23.67Market Cap: $1.1 BilSector: FinancialsIndustry: Regional Banks

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Market Price (9/30/2025): $23.67 | Market Cap: $1.1 Bil
Sector: Financials | Industry: Regional Banks

Market Price (9/30/2025): $23.67
Market Cap: $1.1 Bil
Sector: Financials
Industry: Regional Banks