BERKSHIRE HILLS BANCORP INC BHLB Income Statement

Berkshire hills bancorp inc (BHLB)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and Dividend Income, Operating [Abstract]
Loans
448,927	449,588	433,868	420,132	406,222	380,613	353,986	325,715	302,917	279,834	265,381	253,101	242,600	238,771	233,543	225,344	211,347	197,998	185,613	176,418	174,467	172,327	178,394	181,528	186,115	190,150	179,622	172,966	160,936	148,801	145,023	134,843	124,398	113,849	102,620	0	0	0
Securities and other
60,586	61,179	60,743	60,725	59,672	59,227	57,345	54,798	52,159	47,035	42,939	39,571	37,839	37,658	37,827	37,411	35,683	34,624	33,613	33,580	32,575	29,358	25,739	21,127	17,626	16,420	15,567	15,182	15,003	14,678	14,599	14,176	13,862	13,846	13,772	0	0	0
Total interest and dividend income
509,513	510,767	494,611	480,857	465,894	439,840	411,331	380,513	355,076	326,869	308,320	292,672	280,439	276,429	271,370	262,755	247,030	232,622	219,226	209,998	207,042	201,685	204,133	202,655	203,741	206,570	195,189	188,148	175,939	163,479	159,622	149,019	138,260	127,695	116,392	0	0	0
Interest expense
Deposits
115,193	110,207	100,166	89,661	78,364	68,355	57,879	50,082	43,855	38,609	35,415	32,822	30,883	28,988	27,244	25,158	22,948	21,396	20,227	19,413	19,185	19,242	19,643	20,217	20,859	21,563	21,913	22,343	22,482	22,404	22,873	23,159	23,372	24,092	24,782	0	0	0
Borrowings and subordinated notes
29,062	33,869	36,240	34,294	31,330	25,517	23,871	21,597	20,258	20,673	19,345	18,394	17,289	15,584	13,269	11,544	10,233	9,478	9,273	9,167	9,166	10,557	11,684	12,857	14,130	14,132	13,045	11,625	10,069	8,517	8,378	8,341	8,368	8,534	8,708	0	0	0
Interest Expense
144,255	144,076	136,406	123,955	109,694	93,872	81,750	71,679	64,113	59,282	54,760	51,216	48,172	44,572	40,513	36,702	33,181	30,874	29,500	28,580	28,351	29,799	31,327	33,074	34,989	35,695	34,958	33,968	32,551	30,921	31,251	31,500	31,740	32,626	33,490	0	0	0
Interest Income (Expense), Net
365,258	366,691	358,205	356,902	356,200	345,968	329,581	308,834	290,963	267,587	253,560	241,456	232,267	231,857	230,857	226,053	213,849	201,748	189,726	181,418	178,691	171,886	172,806	169,581	168,752	170,875	160,231	154,180	143,388	132,558	128,371	117,519	106,520	95,069	82,902	0	0	0
Non-interest income
Mortgage banking originations
-	-	-	-	-	-	-	-	-	-	-	19,412	-	4,659	3,490	3,701	4,133	3,996	4,297	3,442	2,561	2,502	1,952	3,390	5,235	10,640	14,502	14,418	12,403	0	0	0	-	-	-	-	-	-
Total fee income
-	-	-	-	-	-	-	-	-	-	-	81,958	-	63,246	58,833	59,068	57,480	56,136	56,313	54,560	53,434	51,529	48,574	48,728	50,525	55,227	58,243	56,200	51,265	43,967	38,887	35,192	33,727	31,913	30,968	0	0	0
Other
1,438	3,029	2,888	3,259	3,557	952	-1,771	-2,202	-3,377	-5,287	-2,844	-3,419	-3,289	-2,179	-3,417	-3,824	-5,302	-2,363	-793	867	2,646	2,673	2,985	3,129	2,949	2,143	1,686	1,409	1,306	1,203	670	124	-37	-477	-620	0	0	0
Debt and Equity Securities, Gain (Loss)
4,389	-368	-367	334	-3,719	-666	-755	-1,474	12,598	11,916	11,995	11,983	-551	-256	-285	2,112	2,110	2,467	2,663	482	482	843	1,603	0	-	0	0	-	-	-	0	-	-	0	0	-	-	0
Gain on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0
Gain on sale of business operations and assets, net
1,351	0	0	-21	460	460	756	777	296	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring gain, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,185	0	0	0	-	-	-	-	-	-
Loss on termination of hedges
-	-	-	-	-	-	-	-	-6,629	-6,629	-6,629	-6,629	0	0	0	0	-	0	-	-	-8,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noninterest Income
84,002	76,415	75,043	77,154	74,324	36,402	45,204	58,379	74,244	113,116	103,221	84,978	65,851	61,374	55,131	57,356	54,288	56,240	58,183	55,909	47,770	49,284	46,757	47,857	58,232	60,171	62,370	59,052	54,056	45,228	41,589	37,471	35,803	33,541	30,478	0	0	0
Total net revenue
449,260	443,106	433,248	434,056	430,524	382,370	374,785	367,213	365,207	380,703	356,781	326,434	298,118	293,231	285,988	283,409	268,137	257,988	247,909	237,327	226,461	221,170	219,563	217,438	226,984	231,046	222,601	213,232	197,444	177,786	169,960	154,990	142,323	128,610	113,380	0	0	0
Provision for loan losses
35,419	36,784	20,812	23,877	25,451	24,876	23,148	21,505	21,025	18,984	18,818	18,451	17,362	17,693	17,199	16,881	16,726	16,193	15,638	15,423	14,968	14,170	13,663	12,374	11,378	11,118	10,440	9,990	9,590	9,013	8,713	7,963	7,563	7,300	7,300	0	0	0
Non-interest expense
Compensation and benefits
140,906	140,478	134,952	133,672	134,019	108,348	114,245	117,743	120,015	138,862	127,338	115,005	104,600	102,316	101,434	101,273	97,370	92,516	87,944	83,720	81,768	77,539	75,380	73,252	71,134	73,260	70,746	68,233	64,081	58,391	55,594	51,983	49,545	47,243	45,008	0	0	0
Occupancy and equipment
39,586	38,154	37,406	37,181	36,927	33,320	32,442	31,896	31,730	33,291	31,674	29,556	27,220	27,208	27,385	28,068	28,486	27,833	27,786	27,199	26,905	25,671	24,505	23,586	22,540	23,104	22,089	20,842	19,469	17,937	17,221	16,277	15,317	13,852	12,932	0	0	0
Technology and communications
26,523	25,924	26,582	26,920	27,147	25,880	25,017	24,847	24,450	24,924	23,182	21,113	19,883	19,126	18,869	18,145	16,881	16,030	14,869	14,579	14,764	14,231	14,051	13,731	12,944	12,724	11,722	10,500	9,467	8,982	8,676	7,949	7,457	6,451	5,828	0	0	0
Marketing and promotion
4,474	4,652	4,813	4,742	4,697	2,697	3,658	5,751	6,528	8,384	6,927	4,487	3,161	3,093	3,203	3,266	3,306	3,065	2,943	2,764	2,572	2,566	2,497	2,479	2,596	2,314	2,143	2,318	2,031	2,046	1,968	0	-	0	0	-	-	-
Professional services
10,798	11,812	11,011	7,922	7,343	4,660	5,426	6,752	7,507	8,554	8,051	7,370	6,199	6,005	5,314	5,180	5,172	4,905	4,682	4,331	4,211	4,564	5,491	6,231	6,569	6,611	6,181	5,910	5,785	5,560	5,449	0	-	0	0	-	-	-
Marketing and professional services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Supplies, postage and delivery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
FDIC premiums and assessments
3,861	4,878	6,518	6,178	5,734	6,166	6,177	6,354	6,457	5,959	5,516	5,131	5,066	4,864	4,813	4,753	4,649	4,512	4,518	4,404	4,284	4,100	3,793	3,654	3,473	3,493	3,544	3,524	3,377	2,972	2,988	2,859	3,205	3,584	3,535	0	0	0
Other real estate owned and foreclosures
154	151	0	3	68	76	54	83	44	24	93	456	691	735	987	845	833	1,032	747	529	801	824	949	1,200	700	511	415	125	281	368	867	1,573	2,003	1,950	1,409	0	0	0
Amortization of intangible assets
5,800	5,369	5,061	4,832	4,900	4,922	4,443	3,967	3,500	2,882	2,892	2,909	2,927	3,196	3,334	3,481	3,563	3,718	4,067	4,407	4,812	5,055	5,126	5,197	5,268	5,386	5,393	5,405	5,339	5,296	5,253	4,831	4,236	3,690	3,187	0	0	0
Merger, restructuring and conversion related expenses
28,046	38,339	34,374	24,066	22,144	21,691	22,913	24,969	31,558	27,638	28,388	26,363	15,461	4,946	6,137	13,970	17,611	18,255	15,132	6,611	8,491	9,222	15,500	16,085	14,848	19,852	15,550	18,860	18,019	14,200	21,077	22,443	19,928	0	0	0	-	-
Merger related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other
29,726	30,152	27,808	27,968	23,880	22,076	21,654	21,663	21,196	20,241	19,722	18,138	18,094	19,001	19,548	19,800	18,958	18,361	17,848	17,230	17,378	17,695	17,272	17,821	17,287	17,213	16,063	14,378	12,957	11,470	10,361	9,275	8,543	6,726	6,221	0	0	0
Total non-interest expense
289,857	299,943	288,559	273,518	266,893	229,829	236,022	244,018	252,978	270,759	253,783	230,528	203,302	190,490	191,024	198,781	196,829	190,227	180,536	165,774	165,986	161,467	164,564	163,236	157,359	164,468	153,846	150,095	140,806	126,460	129,008	123,447	116,442	106,616	91,934	0	0	0
Income from continuing operations before income taxes
123,984	106,379	123,877	136,661	138,180	127,665	115,615	101,690	91,204	90,960	84,180	77,455	77,454	85,048	77,765	67,747	54,582	51,568	51,735	56,130	45,507	45,533	41,336	41,828	58,247	55,460	58,315	53,147	47,048	42,313	32,239	23,580	18,318	14,694	14,146	0	0	0
Income Tax Expense (Benefit)
22,463	20,426	25,514	28,541	28,961	44,455	42,571	42,663	42,088	22,572	22,314	19,326	18,784	20,695	15,092	10,987	5,064	6,666	9,546	12,521	11,763	12,650	12,337	12,256	17,104	15,525	16,455	15,338	13,223	10,492	6,050	3,500	1,884	2,131	2,542	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
101,521	85,953	98,363	108,120	109,219	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax
-5,539	91	-3,803	-5,459	-4,767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,825	31,821	26,189	20,080	16,434	12,563	0	0	0	-
Loss from discontinued operations before income taxes (including gain on disposals $63 in 2012)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-261	-269	0	0	-	0	-	-	-	-
Discontinued Operation, Tax Effect of Discontinued Operation
-1,468	86	-1,009	-1,491	-1,313	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	376	373	0	0	-	0	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-4,071	5	-2,794	-3,968	-3,454	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
97,450	85,958	95,569	104,152	105,765	88,696	79,372	65,035	55,247	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Preferred stock dividend
960	949	939	928	918	908	678	449	219	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-637	-642	0	0	-	0	-	-	-	-
Income available to common shareholders
96,490	85,009	94,630	103,224	104,847	87,788	78,694	64,586	55,028	68,388	61,866	58,129	58,670	64,353	62,673	56,760	49,518	0	0	0	-	0	0	0	-	39,935	41,860	37,809	33,188	28,251	20,099	0	-	0	0	-	-	-
Basic earnings/(loss) per share:
Income (Loss) from Continuing Operations, Per Basic Share
0.65	0.40	0.49	0.52	0.38	0.72	0.73	0.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.37	-	-	0.22	-	-	-	-
Discontinued operations (USD per share)
-0.14	0.04	0.03	-0.01	-0.07	-0.02	0.01	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
0.51	0.44	0.52	0.51	0.31	0.70	0.74	0.55	-0.14	0.57	0.53	0.44	0.32	0.53	0.52	0.52	0.55	0.49	0.35	0.35	0.46	0.48	0.46	-0.04	0.42	0.33	0.49	0.42	-	0.46	0.37	-	-	0.22	-	-	-	0.25
Diluted earnings/(loss) per share:
Continuing Operations (USD per share)
0.64	0.40	0.49	0.52	0.36	0.72	0.73	0.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.37	-	-	0.22	-	-	-	-
Discontinued operations (USD per share)
-0.14	0.04	0.03	-0.01	-0.06	-0.02	0.01	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-	-	-	-	-	-	-
Earnings Per Share, Diluted
0.50	0.44	0.52	0.51	0.30	0.70	0.74	0.55	-0.15	0.57	0.53	0.44	0.31	0.53	0.52	0.52	0.54	0.49	0.35	0.35	0.46	0.48	0.46	-0.04	0.42	0.33	0.48	0.42	-	0.46	0.37	-	-	0.22	-	-	-	0.25
Weighted average common shares outstanding:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.31	-	-	0.11	0.20	0.25	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-	-	-	-	0.00	-
Total basic and diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	-	-	0.11	0.20	-	-
Weighted Average Number of Shares Outstanding, Basic
50,556	51,422	48,961	46,113	46,068	46,030	46,032	45,966	45,236	39,984	37,324	35,280	32,215	30,621	30,605	30,511	30,575	29,893	28,301	24,803	24,760	24,747	24,715	24,698	24,733	24,748	24,779	24,948	24,186	21,921	21,742	20,955	21,008	20,009	16,580	13,943	13,865	13,856
Weighted Average Number of Shares Outstanding, Diluted
50,764	51,545	49,114	46,261	46,246	46,263	46,215	46,200	45,709	40,145	37,474	35,452	32,404	30,811	30,765	30,688	30,771	30,069	28,461	24,955	25,048	24,861	24,809	24,698	24,888	24,873	24,956	25,143	24,417	22,031	21,806	21,062	21,121	20,105	16,601	13,981	13,893	13,894
Total fee income
Noninterest Income
76,824	73,754	72,522	73,582	74,026	87,690	101,287	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
Noninterest Income
788	764	487	543	635	13,861	30,127	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan related income
Noninterest Income
24,374	22,405	23,158	24,339	23,155	23,954	22,789	22,061	21,421	21,183	20,204	17,827	16,694	13,753	10,188	10,073	8,310	7,366	7,300	6,363	6,328	6,143	5,980	6,778	8,247	7,831	7,863	6,698	5,152	4,409	4,003	3,304	2,724	2,854	2,676	0	0	0
Deposit related fees
Noninterest Income
31,352	30,219	28,518	28,598	29,806	30,546	29,987	29,027	27,165	25,579	25,412	25,058	24,963	25,094	25,365	25,516	25,084	24,805	24,705	24,873	24,635	23,215	21,325	19,520	18,340	17,978	17,194	16,352	15,593	15,087	15,197	14,600	13,641	12,522	11,456	0	0	0
Insurance commissions and fees
Noninterest Income
10,957	10,965	11,000	10,811	10,983	10,788	10,439	10,478	10,589	10,628	10,648	10,720	10,477	10,408	10,351	10,177	10,251	10,220	10,308	10,282	10,364	10,284	10,125	10,072	10,020	10,442	10,711	11,072	10,821	10,401	10,090	10,104	11,088	11,259	12,025	0	0	0
Wealth management fees
Noninterest Income
9,353	9,401	9,359	9,291	9,447	9,428	9,460	9,466	9,395	9,038	8,992	8,941	8,917	9,332	9,439	9,601	9,702	9,749	9,703	9,600	9,546	9,385	9,192	8,968	8,683	8,336	7,973	7,660	7,296	7,081	6,914	6,546	5,838	5,278	4,811	0	0	0