• ROTCE of 8.73% (-17 bps QoQ and -323 bps YoY) • Announced sale of ten branches in New York which enhances the efficiency and profitability of our branch network and strengthens focus in core New York markets • Successfully executed a securities sale in the first quarter to partially offset deposits to be sold in branch transaction | --- | --- | |---------------|---------------------------------------------------------------------------------------------------| | | Maintained strong liquidity, asset qualit ...

Berkshire Hills Bancorp (BHLB) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on A ...

Torrance Childs, Former President of Private Banking at Boston Private, 40-Year Boston Banking Veteran, Joins Berkshire to Accelerate Client Growth & ExperienceBOSTON, March 21, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Co ...

BOSTON, March 7, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on March 21, 2024, payable on April 4, 2024.  About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $12.4 billion in assets and 96 branches in New England and New York, the Bank provides Commercial Banking, R ...

Berkshire Hills Bancorp, Inc. (BHLB) announced that its wholly-owned subsidiary Berkshire Bank has entered into an agreement to divest 10 branches in upstate and eastern New York to three separate buyers. Through this strategic move, the company aims to enhance the efficiency and profitability of its overall branch network.The divestiture comprises roughly $485.5 million in deposits and $60.5 million of related residential mortgage and consumer loans. Further, branch premises and equipment are part of the t ...

GLENS FALLS, N.Y., March 4, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW) today announced that its bank subsidiary, Glens Falls National Bank and Trust Company, has entered into a definitive agreement with Berkshire Bank, a subsidiary of Berkshire Hills Bancorp, Inc. (NYSE: BHLB), under which Glens Falls National Bank will acquire the branch office at 184 Broadway, Whitehall, New York. The sale is targeted for completion by the end of the third quarter of 2024, subject to customary reg ...

Enhances efficiency and profitability of the overall branch network Strengthens focus in core New York markets Combined branch and securities sale is neutral to full year 2024 earnings outlook BOSTON, March 4, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) announced today that its wholly owned subsidiary Berkshire Bank has entered into definitive agreements with three buyers to sell 10 of its upstate and eastern New York branches, consisting of eight offices in Albany, Saratoga, Schenecta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-15781 BERKSHIRE HILLS BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 04-3510455 (State or other jurisdiction of (I ...

BOSTON, Feb. 12, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Annual Meeting of Shareholders will be held at 10:00 am on Thursday, May 16, 2024 at Berkshire Bank's offices at 99 North Street, Pittsfield, Massachusetts.  The date of March 21, 2024 has been established as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting. The agenda for the Annual Meeting will include proposals related to director electio ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Berkshire Hills Bancorp, Inc. (BHLB) is a bank holding company. The Zacks Consensus Estimate for its current year earnings has been revised 3.4% downward over the last 60 days.Blackstone Inc. (BX) is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions. The Zacks Consensus Estimate for its current year earnings has been revised 7.5% downward over the last 60 days.CNX Resources Corporat ...