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) has elected Nina A. Charnley to its Board of Directors, effective December 16, 2021. Charnley brings over three decades of experience in financial services and digital transformation, previously serving as Senior Managing Director at TIAA. Her appointment aims to bolster the Board’s governance, particularly in support of the Berkshire's Exciting Strategic Transformation plan. She will serve on key committees focused on Compensation, Compliance & Regulatory and Corporate Responsibility & Culture.
Berkshire Hills Bancorp (NYSE: BHLB) announced the launch of its new Socially Responsible Investment (SRI) Portfolios through Berkshire Wealth Management. These portfolios focus on aligning investments with positive environmental and social outcomes, catering to diverse clients without requiring minimum asset thresholds. The initiative aims to enhance the bank's commitment to ESG factors while responding to growing interest in sustainable investments, which saw a 42% rise in global assets from 2018 to 2020. This aligns with Berkshire's vision of being a leading socially responsible community bank.
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) announced a quarterly cash dividend of $0.12 per common share for shareholders of record at the close of business on November 11, 2021. This dividend is payable on November 24, 2021. The decision reflects the company's ongoing commitment to return value to its shareholders. Berkshire Hills Bancorp operates approximately $11.8 billion in assets and is focused on being a socially responsible community bank.
Berkshire Hills Bancorp (BHLB) reported Q3 2021 earnings per share (EPS) of $1.31, a 212% increase from $0.42 in Q3 2020, primarily due to a $52 million net gain from the sale of insurance and specific branch operations. Adjusted EPS remained stable at $0.53. The bank also noted a $4 million benefit to credit loss provisions. Total assets decreased by 3% to $11.8 billion, with loans down 5% to $6.84 billion. The net interest income dropped by 7% year-over-year, and non-interest expenses fell by 5% to $69.5 million, while total deposits rose by 5% to $10.4 billion.
Berkshire Hills Bancorp (NYSE: BHLB) has partnered with Upstart (NASDAQ: UPST), an AI lending platform, to enhance consumer lending options. This collaboration aims to provide a seamless digital experience and improve access to affordable credit, leveraging Upstart's technology for better risk assessments. The partnership is part of Berkshire's strategic transformation plan initiated in August 2021. With this alliance, Berkshire expects to boost its consumer loan portfolio and deliver more inclusive lending options, ultimately enhancing customer experience.
Berkshire Hills Bancorp (NYSE: BHLB) announced the hiring of Marissa Ames and Lynne Singletary to its 44 Business Capital team. This move aligns with the company's BEST strategic transformation initiative aimed at enhancing support for businesses and entrepreneurs. Both new hires bring extensive experience in SBA lending, with Ames having 21 years in the field and Singletary over 27 years. This expansion is designed to strengthen client relationships and improve lending expertise.
Berkshire Hills Bancorp (NYSE: BHLB) has announced the addition of two experienced wealth management professionals, Karen Heston and Stephen Crowley, to enhance its Wealth Management team. Heston, with over 25 years in investment management, will co-manage fixed-income investments and focus on empowering women in financial decisions. Crowley, also with 25 years of experience, will develop solutions for non-profit and socially responsible investments. This strategic move aims to strengthen client relations and community impact through specialized expertise.
Berkshire Hills Bancorp (NYSE: BHLB) will release its third quarter earnings on October 21, 2021, before the market opens. An investor presentation will be available on their website. Following the earnings release, a conference call will be held at 10:00 a.m. ET to discuss the results and provide future guidance. Participants can pre-register for the call using a provided link. Berkshire Hills Bancorp, headquartered in Boston, has approximately $11.7 billion in assets and operates 107 branches across New England and New York.
Berkshire Hills Bancorp (NYSE: BHLB) announced the hiring of Lucia Bellomia as EVP, Head of Retail Banking, effective September 13, 2021. Bellomia, who has over 20 years in financial services, previously worked as Executive SVP for Bank of America. In her new role, she will oversee the retail branch network and improve customer experiences as part of the company's BEST plan. CEO Nitin Mhatre praised her strong leadership skills and community commitment, emphasizing her value-driven approach to banking.
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