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. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
Revenue of Berkshire Hills Bancorp, Inc. (BHLB)
Revenue in 2023 (TTM): $618.56 M
According to Berkshire Hills Bancorp, Inc.'s latest financial reports the company's current revenue (TTM) is $618.56 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Berkshire Hills Bancorp, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $618.56 M | $365.2 M | $4.82 M | $78.32 M | $69.6 M |
| 2022 | $413.53 M | $171.76 M | $171.19 M | $113.82 M | $92.53 M |
| 2021 | $381.47 M | $134.22 M | $165.26 M | $149.02 M | $118.66 M |
| 2020 | $381.85 M | $381.85 M | $-546,689,000 | $-533,028,000 | $-513,175,000 |
| 2019 | $447.91 M | $447.91 M | $125.7 M | $123.98 M | $97.45 M |
| 2018 | $468.78 M | $220.45 M | $260.97 M | $133.41 M | $105.77 M |
| 2017 | $420.19 M | $193.19 M | $178.62 M | $99.75 M | $55.25 M |
| 2016 | $297.03 M | $135.51 M | $136.95 M | $77.45 M | $58.67 M |
| 2015 | $268.14 M | $268.14 M | $99.92 M | $54.58 M | $49.52 M |
| 2014 | $226.46 M | $226.46 M | $86.96 M | $45.51 M | $33.74 M |
| 2013 | $226.98 M | $107.83 M | $105.62 M | $58.25 M | $41.14 M |
| 2012 | $197.44 M | $93.02 M | $90.35 M | $47.05 M | $33.19 M |
| 2011 | $142.32 M | $64.16 M | $60.61 M | $18.71 M | $17.58 M |
| 2010 | $108.11 M | $43.09 M | $60.02 M | $17.85 M | $13.74 M |
| 2009 | $98.59 M | $34.74 M | $25.3 M | $-27,716,000 | $-16,067,000 |
| 2008 | $107.34 M | $45.22 M | $96.19 M | $31.06 M | $22.24 M |
| 2007 | $89.75 M | $34.13 M | $94.58 M | $18.77 M | $13.54 M |
| 2006 | $72.29 M | $31.2 M | $82.53 M | $15.56 M | $11.26 M |
| 2005 | $66.54 M | $66.54 M | $57.1 M | $16.23 M | $8.23 M |
| 2004 | $48.12 M | $48.12 M | $41.06 M | $17.58 M | $11.51 M |
| 2003 | $51.28 M | $51.28 M | $36.88 M | $14.03 M | $8.97 M |
| 2002 | $54.12 M | $54.12 M | $29.73 M | $2.13 M | $1.77 M |
| 2001 | $50.61 M | $50.61 M | $50 M | $13.26 M | $8.91 M |
| 2000 | $42.3 M | $42.3 M | $42.83 M | $6.94 M | $4.58 M |
| 1999 | $35.84 M | $35.84 M | $37.35 M | $7.62 M | $5.62 M |