Berkshire Hills Bancorp Inc SEC Filings

Reporting person: Brett Brbovic, the EVP and CFO listed on this Form 4.

On 08/29/2025 Mr. Brbovic reported a disposition of 2,376 shares of Common Stock at $26.13 per share, leaving 16,512 shares held directly after the transaction. Several previously held stock awards vested and converted to direct ownership: 1,099, 1,632, 2,435 and 2,926 shares from Stock Award II–V, respectively. Additional holdings include 590 shares held in a 401(k). The Form 4 states the stock awards were granted under the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan and describes the vesting schedules for multiple award tranches.

Conn Kevin, listed as Senior Managing Director, Investor Relations, reported a sale and vesting activity for Beacon Financial Corp (BBT). On 08/29/2025 he disposed of 1,388 common shares at $26.13 per share. After the transaction and recent vesting, he beneficially owns 26,924 shares directly. Several previously restricted stock awards vested, converting 769, 1,938, and 2,019 shares from Stock Award III, IV and V into direct holdings. The Form 4 was signed under power of attorney on 09/03/2025.

Beacon Financial Corporation and Beacon Bank were formed through the closing of mergers between Berkshire Hills Bancorp and Brookline Bancorp. The combined boards each total 16 directors, split evenly between designees of Berkshire and Brookline. David M. Brunelle is designated to serve as chairman of the surviving company and bank and Paul A. Perrault is designated to serve as president and chief executive officer, each for two-year terms subject to election. A senior executive team is named, listing six officers and their roles. The filing notes a change in control under an existing employment agreement, and that Nitin J. Mhatre is no longer associated with the company. Several merger-related agreements and governance amendments are furnished as exhibits, and the company’s headquarters is identified in Boston, Massachusetts.

Fuller & Thaler Asset Management, Inc. reports beneficial ownership of 2,734,139.58 shares of Berkshire Hills Bancorp Inc. common stock, representing 5.90% of the class. The filer states it is a California investment adviser and holds sole voting power over 2,703,668.58 shares and sole dispositive power over 2,734,139.58 shares as investment adviser to certain clients. Fuller & Thaler says the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer; the filing clarifies that clients retain the right to receive dividends or sale proceeds.

Berkshire Hills Bancorp reported improved profitability for the quarter ended June 30, 2025. Net income was $30,366 thousand for the three months and $56,085 thousand for the six months, up from $24,025 thousand and $3,837 thousand a year earlier. Net interest income rose to $91,921 thousand in Q2 and total net revenue increased to $113,673 thousand, reflecting higher loan-related fee income and stable net interest margins.

The balance sheet shows total assets of $12.035 billion and shareholders' equity of $1.222 billion. Deposits declined by $396.2 million to $9.979 billion and short-term borrowings increased to $360.0 million. The securities portfolio carried aggregate unrealized losses of $193.6 million. Criticized loans (Special Mention and lower) rose to $344,153 thousand and the allowance for credit losses on loans was $117,344 thousand.

State Street Corporation reported beneficial ownership of 2,393,791 shares of Berkshire Hills Bancorp Inc. common stock, equal to 5.2% of the class. The filing shows no sole voting or dispositive power and records shared voting power of 366,144 shares and shared dispositive power over all 2,393,791 shares. Several State Street Global Advisors entities are identified as the advisory/holding subsidiaries through which these positions are held. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to influence control of the issuer.