Berkshire hills bancorp inc (BHLB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and Dividend Income, Operating [Abstract]
Loans

448,927

406,222

302,917

242,600

211,347

174,467

186,115

160,936

124,398

98,359

101,705

Securities and other

60,586

59,672

52,159

37,839

35,683

32,575

17,626

15,003

13,862

13,918

13,771

Total interest and dividend income

509,513

465,894

355,076

280,439

247,030

207,042

203,741

175,939

138,260

112,277

115,476

Interest expense
Deposits

115,193

78,364

43,855

30,883

22,948

19,185

20,859

22,482

23,372

26,316

32,614

Borrowings and subordinated notes

29,062

31,330

20,258

17,289

10,233

9,166

14,130

10,069

8,368

9,014

13,266

Interest Expense

144,255

109,694

64,113

48,172

33,181

28,351

34,989

32,551

31,740

35,330

45,880

Interest Income (Expense), Net

365,258

356,200

290,963

232,267

213,849

178,691

168,752

143,388

106,520

76,947

69,596

Non-interest income
Mortgage banking originations

-

-

-

-

4,133

2,561

5,235

12,403

436

867

-

Total fee income

-

-

-

-

57,480

53,434

50,525

51,265

33,727

29,859

28,181

Other

1,438

3,557

-3,377

-3,289

-5,302

2,646

2,949

1,306

-37

-108

-2,107

Debt and Equity Securities, Gain (Loss)

4,389

-3,719

12,598

-551

2,110

482

4,758

300

14

-

-4

Gain on sale of business operations and assets, net

1,351

460

296

1,085

0

0

-

-

-

-

-

Non-recurring gain, net

-

-

-

-

-

-

-

-1,185

-2,099

-

893

Loss on termination of hedges

0

0

-6,629

0

0

-8,792

0

-

-

-

-

Noninterest Income

84,002

74,324

74,244

65,851

54,288

47,770

58,232

54,056

35,803

29,751

25,177

Total net revenue

449,260

430,524

365,207

298,118

268,137

226,461

226,984

197,444

142,323

106,698

94,773

Provision for loan losses

35,419

25,451

21,025

17,362

16,726

14,968

11,378

9,590

7,563

8,526

47,730

Non-interest expense
Compensation and benefits

140,906

134,019

120,015

104,600

97,370

81,768

71,134

64,081

49,545

43,920

38,280

Occupancy and equipment

39,586

36,927

31,730

27,220

28,486

26,905

22,540

19,469

15,317

12,437

11,614

Technology and communications

26,523

27,147

24,450

19,883

16,881

14,764

12,944

9,467

7,457

5,733

5,466

Marketing and promotion

4,474

4,697

6,528

3,161

3,306

2,572

2,596

2,031

1,539

1,485

-

Professional services

10,798

7,343

7,507

6,199

5,172

4,211

6,569

5,785

4,669

3,701

-

Marketing and professional services

-

-

-

-

-

-

-

-

-

-

6,549

Supplies, postage and delivery

-

-

-

-

-

-

-

-

-

-

2,610

FDIC premiums and assessments

3,861

5,734

6,457

5,066

4,649

4,284

3,473

3,377

3,205

3,427

4,544

Other real estate owned and foreclosures

154

68

44

691

833

801

700

281

2,003

311

281

Amortization of intangible assets

5,800

4,900

3,500

2,927

3,563

4,812

5,268

5,339

4,236

3,021

3,278

Merger, restructuring and conversion related expenses

28,046

22,144

31,558

15,461

17,611

8,491

14,848

18,019

19,928

447

601

Other

29,726

23,880

21,196

18,094

18,958

17,378

17,287

12,957

8,543

7,655

5,348

Total non-interest expense

289,857

266,893

252,978

203,302

196,829

165,986

157,359

140,806

116,442

82,137

78,571

Income from continuing operations before income taxes

123,984

138,180

91,204

77,454

54,582

45,507

58,247

47,048

18,318

16,035

-31,528

Income Tax Expense (Benefit)

22,463

28,961

42,088

18,784

5,064

11,763

17,104

13,223

1,884

2,420

-15,597

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

101,521

109,219

49,116

-

-

-

-

-

-

-

-

Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax

-5,539

-4,767

8,545

-

-

-

-

-

-

-

-

Net income from continuing operations

-

-

-

-

-

-

-

33,825

16,434

13,615

-15,931

Loss from discontinued operations before income taxes (including gain on disposals $63 in 2012)

-

-

-

-

-

-

-

-261

4,684

-

-

Discontinued Operation, Tax Effect of Discontinued Operation

-1,468

-1,313

2,414

-

-

-

-

376

3,770

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-4,071

-3,454

6,131

-

-

-

-

-

-

-

-

Net income

97,450

105,765

55,247

58,670

49,518

33,744

41,143

-

-

-

-15,931

Preferred stock dividend

960

918

219

0

0

-

-

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-637

914

-

-

Less: Cumulative preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

-

1,030

Less: Deemed dividend from preferred stock repayment

-

-

-

-

-

-

-

-

-

-

2,954

Income available to common shareholders

96,490

104,847

55,028

58,670

49,518

-

-

33,188

17,348

13,615

-19,915

Basic earnings/(loss) per share:
Income (Loss) from Continuing Operations, Per Basic Share

2.06

2.38

1.24

-

-

-

-

1.52

0.92

-

-

Discontinued operations (USD per share)

-0.08

-0.08

0.16

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-0.03

0.05

-

-

Earnings Per Share, Basic

1.98

2.30

1.40

1.89

1.74

1.36

1.66

1.49

0.97

-

-

Diluted earnings/(loss) per share:
Continuing Operations (USD per share)

2.05

2.36

1.24

-

-

-

-

1.52

0.92

-

-

Discontinued operations (USD per share)

-0.08

-0.07

0.15

-

-

-

-

-0.03

0.05

-

-

Earnings Per Share, Diluted

1.97

2.29

1.39

1.88

1.73

1.36

1.65

1.49

0.97

-

-

Weighted average common shares outstanding:
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

0.98

-1.51

Total basic and diluted earnings per share (in dollars per share)

-

-

-

-

-

-

-

-

-

0.98

-1.51

Weighted Average Number of Shares Outstanding, Basic

49,263

46,024

39,456

30,988

28,393

24,730

24,802

22,201

17,885

13,862

13,189

Weighted Average Number of Shares Outstanding, Diluted

49,421

46,231

39,695

31,167

28,564

24,854

24,965

22,329

17,952

13,896

13,189

Total fee income
Noninterest Income

76,824

74,026

71,356

68,606

-

-

-

-

-

-

-

Mortgage banking income
Noninterest Income

788

635

2,786

7,555

-

-

-

-

-

-

-

Loan related income
Noninterest Income

24,374

23,155

21,421

16,694

8,310

6,328

8,247

5,152

2,724

2,519

1,077

Deposit related fees
Noninterest Income

31,352

29,806

27,165

24,963

25,084

24,635

18,340

15,593

13,641

10,880

10,121

Insurance commissions and fees
Noninterest Income

10,957

10,983

10,589

10,477

10,251

10,364

10,020

10,821

11,088

11,136

12,171

Wealth management fees
Noninterest Income

9,353

9,447

9,395

8,917

9,702

9,546

8,683

7,296

5,838

4,457

4,812