Welcome to our dedicated page for Berkshire Hills Bancorp news (Ticker: BHLB), a resource for investors and traders seeking the latest updates and insights on Berkshire Hills Bancorp stock.
Berkshire Hills Bancorp Inc (BHLB) delivers community-focused banking services across the Northeastern U.S., specializing in commercial lending, wealth management, and retail solutions. This news hub provides investors and stakeholders with essential updates directly from the company and trusted financial sources.
Access curated press releases and analysis covering earnings announcements, strategic initiatives, and leadership developments. Track BHLB's progress in digital banking innovation, branch network optimization, and community reinvestment programs that define its market position.
All content is organized for quick scanning, featuring regulatory filings, merger activity, and service expansions. Bookmark this page for real-time updates on one of New England's prominent financial institutions, combining traditional relationship models with modern banking efficiency.
Berkshire Hills Bancorp (NYSE: BHLB) announced a positive rating from Moody's Investors Service, which assigned an A3 Long-Term Deposit Rating to Berkshire Bank. This rating reflects the firm's strong balance sheet, high capitalization, and conservative risk appetite. Moody's expects profitability to improve over the next 12 to 18 months as Berkshire executes its strategic transformation plan known as BEST. Additionally, Berkshire successfully issued a $100 million sustainability bond, making it the first U.S. community bank holding company to do so, further enhancing its socially responsible status.
Berkshire Hills Bancorp (NYSE: BHLB) is set to release its second quarter earnings on July 20, 2022, before market opening. An investor presentation will also be accessible on their website. A conference call is scheduled for 10:00 a.m. ET that day to discuss quarterly results and future guidance. Participants can register for the call online, receiving dial-in instructions via email. A telephone replay will be available for a week post-call. Berkshire Hills Bancorp, headquartered in Boston, has approximately $12.1 billion in assets and operates 105 branch offices.
Berkshire Hills Bancorp (NYSE: BHLB) has priced its offering of $100 million in 5.50% fixed-to-floating rate subordinated notes due July 1, 2032. Initially, these notes will pay a fixed interest rate of 5.50% until July 1, 2027, after which the rate will adjust quarterly based on a benchmark rate. The proceeds will finance sustainable assets and support corporate growth. The offering is expected to close around June 30, 2022, and the company is advised by Keefe, Bruyette & Woods and PNC Capital Markets.
Berkshire Bank has selected Salt Security to enhance its API security as its operations expand. This partnership aims to protect against rising API-based cybersecurity threats while supporting the bank's zero trust security model. Salt's platform is designed to deliver comprehensive visibility and protection across the API lifecycle. The urgency for advanced API security is underscored by a reported 681% rise in API attacks in 2021. This strategic move reflects the bank's commitment to securing customer data amidst increasing digital transformation demands.
Berkshire Hills Bancorp (BHLB) announced the approval of all four proposals at its Annual Meeting of Shareholders on May 18, 2022, with 93% of eligible shares represented. All twelve director nominees were elected, each receiving at least 95% of votes. Key proposals included an advisory vote on executive compensation, ratification of Crowe LLP as independent auditors, and adoption of the 2022 Equity Incentive Plan, all supported by over 96% of votes. CEO Nitin Mhatre highlighted a 69% total shareholder return in 2021, emphasizing improved earnings and strong governance.
Berkshire Hills Bancorp (NYSE: BHLB) has declared a quarterly cash dividend of $0.12 per common share, payable to shareholders on May 26, 2022, with a record date of May 12, 2022. This decision reflects the company's commitment to return value to its investors. Berkshire Bank, the parent company, manages approximately $12.1 billion in assets and operates 105 branches across New England and New York, focusing on socially responsible banking services.
Berkshire Hills Bancorp (NYSE: BHLB) reported a 62% year-over-year increase in first-quarter earnings per share (EPS) to $0.42, with adjusted EPS rising 37% to $0.43. Loan growth of 6% quarter-over-quarter, alongside a $4 million benefit from a release of the credit loss allowance, contributed to the strong performance. Asset quality improved, with non-performing assets declining to 0.26% of total assets. Despite a 7% reduction in total shareholders' equity, the company's position is poised for future growth in a rising rate environment. Berkshire also introduced a $140 million share repurchase program.
Berkshire Hills Bancorp (BHLB) is set to release its first quarter earnings on April 20, 2022, before the market opens. An investor presentation will be available on their website. A conference call will take place at 10:00 a.m. ET on the same day to discuss the results and provide guidance on future performance. Participants can pre-register for the call for immediate access.
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) has expanded its partnership with financial technology firm Narmi to enhance digital banking services. This collaboration aims to launch an advanced mobile app and online banking platform by early next year, allowing for a streamlined banking experience for consumers and small businesses. Key features will include a unified dashboard, personalized tools, and seamless money transfers, supporting Berkshire's DigiTouch strategy to blend personal service with digital convenience.
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