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Berkshire Hills Bancorp Inc. - BHLB STOCK NEWS

Welcome to our dedicated news page for Berkshire Hills Bancorp (Ticker: BHLB), a resource for investors and traders seeking the latest updates and insights on Berkshire Hills Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Berkshire Hills Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Berkshire Hills Bancorp's position in the market.

News
Berkshire Hills Reports First Quarter 2024 Results
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) reported first quarter 2024 results with a net loss of $20 million, operating income of $21 million, and a securities sale of $362 million resulting in a net non-operating loss of $49.9 million. The TCE ratio was 8.2% and CET1 ratio was 11.6%. The company announced the planned sale of ten branches to enhance efficiency and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Berkshire Hills Announces First Quarter 2024 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (BHLB) announces its first quarter 2024 earnings release and conference call on April 18, 2024. The earnings release is set for 7:30 a.m. (Eastern), followed by the conference call at 9:00 a.m. (Eastern). Investors can access the webcast and dial-in numbers for the call. Presentation materials will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
Tags
earnings
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News
Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. welcomes Torrance Childs, former President of Private Banking at Boston Private, as Chief Commercial Deposit Officer to enhance client growth and experience. The company plans to relocate a financial center to improve services, aiming to open a new office in early 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
none
News
Berkshire Hills Announces Quarterly Shareholder Dividend
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (BHLB) declares a quarterly cash dividend of $0.18 per common share, reinforcing shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
dividends
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News
Arrow Announces Acquisition of Whitehall, N.Y. Branch
Rhea-AI Summary
Arrow Financial Corporation announces the acquisition of a branch office in Whitehall, New York, from Berkshire Bank, aiming to expand market presence and enhance shareholder value. The sale includes deposit accounts with an approximate balance of $39 million and loans with an approximate balance of $3 million, set to be completed by the end of the third quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
acquisition
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News
Berkshire Hills Bancorp to Sell Select Upstate and Eastern New York Branches
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (BHLB) announces the sale of 10 branches in upstate and eastern New York to three buyers, reducing its overall branch footprint. The sales include deposits, loans, and equipment, aiming to enhance efficiency and profitability. The transactions are expected to be completed by the end of the third quarter of 2024. The CEO emphasizes the focus on core New York markets and long-term profitability, while the CFO highlights cost reduction and improved efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
none
News
Berkshire Hills Announces Annual Meeting Date
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (BHLB) has scheduled its Annual Meeting of Shareholders on May 16, 2024, with March 21, 2024, as the record date. The meeting will cover director election, executive compensation, and auditor engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.12%
Tags
none
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News
Berkshire Hills Reports Fourth Quarter 2023 Results
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) announced a $40 million share repurchase authorization. The fourth quarter resulted in a $1 million loss, with operating income of $20 million. A $267 million securities sale resulted in a $25.1 million pre-tax non-operating loss. Net loan charge-offs and non-performing assets decreased by 18% linked quarter. The TCE ratio was 8.0% and CET1 ratio was 12.0%. Tangible book value per share was $22.82, up $1.57, or 7%, in the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
earnings
-
News
Berkshire Hills Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) has announced the schedule for its fourth quarter 2023 earnings release and conference call. The earnings release is set for January 25, 2024, at 7:30 a.m. (Eastern), followed by the conference call at 9:00 a.m. (Eastern). Investors can register for the listen-only webcast and access the replay through the provided links. Investor presentation materials will be available before the call. Participants are advised to join the webcast or call in a few minutes early.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
earnings
News
Berkshire Hills Bancorp Leadership Featured On New York Stock Exchange
Rhea-AI Summary
Berkshire Hills Bancorp, the parent company of Berkshire Bank (NYSE: BHLB), was recently featured in a series of New York Stock Exchange (NYSE) interviews. CEO Nitin Mhatre shared his leadership values, vision for the future, and the bank's commitment to its clients and community. The interviews are available for viewing at berkshirebank.com/NYSEMedia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
none
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Berkshire Hills Bancorp Inc.

NYSE:BHLB

BHLB Rankings

#2436 Ranked by Market Cap
#4048 Ranked by Stock Gains
#1063 Ranked by Dividends

BHLB Stock Data

891.44M
42.27M
1.03%
84.95%
1.96%
Savings Institutions
Finance and Insurance
Link
US
Boston

About BHLB

berkshire hills bancorp is the parent of berkshire bank - america's most exciting bank®. the company has approximately $7.8 billion in assets and 93 ongoing full service branch offices in massachusetts, new york, connecticut, and vermont providing personal and business banking, insurance, and wealth management services. member fdic. equal housing lender