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Berkshire Hills Bancorp Inc (BHLB.N)

BHLB.N on New York Stock Exchange

26.65USD
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Berkshire Hills Bancorp Says On Feb. 21, Co Entered Into Employment Agreement With Richard Marotta, President & CEO Of Co - SEC Filing
Saturday, 23 Feb 2019 

Feb 22 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS BANCORP SAYS ON FEB. 21, CO ENTERED INTO EMPLOYMENT AGREEMENT WITH RICHARD MAROTTA, PRESIDENT & CEO OF CO - SEC FILING.BERKSHIRE HILLS BANCORP - EMPLOYMENT AGREEMENT PROVIDES THAT MAROTTA WILL CONTINUE TO SERVE AS PRESIDENT AND CEO OF CO FOR A TERM OF 3 YEARS.BERKSHIRE HILLS BANCORP INC - AGREEMENT PROVIDES THAT MAROTTA WILL CONTINUE TO RECEIVE AN ANNUAL BASE SALARY OF $675,000.  Full Article

Berkshire Hills Bancorp Q4 Core Earnings Per Share $0.63
Thursday, 24 Jan 2019 

Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS REPORTS FOURTH QUARTER RESULTS; INCREASES DIVIDEND 5%.Q4 CORE EARNINGS PER SHARE $0.63.Q4 GAAP EARNINGS PER SHARE $0.31.Q4 EARNINGS PER SHARE ESTIMATE $0.66 -- REFINITIV IBES DATA.BOARD OF DIRECTORS VOTED TO INCREASE QUARTERLY CASH DIVIDEND BY $0.01, OR 5%, TO $0.23 PER COMMON SHARE.BERKSHIRE HILLS BANCORP - NET INTEREST INCOME INCREASED BY $4 MILLION QUARTER-OVER-QUARTER.  Full Article

Berkshire Hills To Acquire SI Financial Group
Wednesday, 12 Dec 2018 

Dec 11 (Reuters) - SI Financial Group Inc ::BERKSHIRE HILLS TO ACQUIRE SI FINANCIAL GROUP.SI FINANCIAL GROUP INC - DEAL FOR AN ALL-STOCK TRANSACTION VALUED AT $180 MILLION.SI FINANCIAL GROUP INC - SEES TANGIBLE BOOK VALUE DILUTION OF $0.53 PER SHARE FROM DEAL OR 2.4% WITH AN EXPECTED LESS THAN 3.0 YEAR EARN-BACK PERIOD.SI FINANCIAL GROUP INC - EACH OUTSTANDING SHARE OF SIFI COMMON STOCK WILL BE EXCHANGED FOR 0.48 SHARES OF BERKSHIRE HILLS COMMON STOCK.SI FINANCIAL GROUP INC SAYS DEAL ANTICIPATED TO BE 5% ACCRETIVE TO EARNINGS PER SHARE IN 2020, FIRST FULL YEAR OF INTEGRATED OPERATIONS.SI FINANCIAL GROUP INC - TRANSACTION IS INTENDED TO QUALIFY AS A TAX-FREE REORGANIZATION FOR FEDERAL INCOME TAX PURPOSES.SI FINANCIAL GROUP INC - DEFINITIVE AGREEMENT HAS BEEN APPROVED BY UNANIMOUS VOTES OF BOARDS OF DIRECTORS OF BOTH COMPANIES.SI FINANCIAL GROUP - CEO WILL BE APPOINTED TO BERKSHIRE'S BOARD WHEN MERGER IS COMPLETED.SI FINANCIAL GROUP - KEY BUSINESS LEADERS FROM CO TO REMAIN WITH BERKSHIRE BANK IN CONTINUING LEADERSHIP ROLES.  Full Article

Berkshire Hills Reports 73% Increase In Second Quarter Earnings
Thursday, 19 Jul 2018 

July 18 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS REPORTS 73% INCREASE IN SECOND QUARTER EARNINGS; DIVIDENDS DECLARED.BERKSHIRE HILLS BANCORP INC QTRLY EARNINGS PER SHARE $0.74.BERKSHIRE HILLS BANCORP INC QTRLY NET INTEREST INCOME $91.1 MILLION VERSUS $69.6 MILLION.BERKSHIRE HILLS BANCORP INC QTRLY TOTAL NET REVENUE $121.2 MILLION VERSUS $102.3 MILLION.  Full Article

Berkshire Hills Bancorp Says ‍Due To Tax Act, Value Of Net Deferred Tax Assets Will Be Reduced By About $21 Mln
Friday, 5 Jan 2018 

Jan 4 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS BANCORP-‍DUE TO TAX ACT, VALUE OF NET DEFERRED TAX ASSETS WILL BE REDUCED BY ABOUT $21 MILLION, LESS AMOUNT OF TAX DEFERRAL UTILIZED IN Q4​.BERKSHIRE HILLS BANCORP SAYS ESTIMATES THERE WILL BE REDUCTION OF ABOUT $0.46 PER SHARE IN Q4 EARNINGS DUE TO TAX ACT​ - SEC FILING.  Full Article

Berkshire Hills reports Q3 core earnings per share $0.59
Friday, 20 Oct 2017 

Oct 19 (Reuters) - Berkshire Hills Bancorp Inc :Berkshire Hills reports third quarter earnings; dividend declared.Q3 core earnings per share $0.59.Q3 earnings per share $0.57.Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Berkshire Hills Bancorp Inc - qtrly ‍net income was impacted by net non-core charges related primarily to acquisitions​.Berkshire Hills Bancorp Inc - qtrly ‍net interest income $72.0 million versus $58.0 million.  Full Article

Commerce Bancshares to pay termination fee of $8.6 mln if merger is not consummated under specified circumstances
Monday, 22 May 2017 

May 22 (Reuters) - Berkshire Hills Bancorp Inc : :Berkshire Hills Bancorp - if merger is not consummated under specified circumstances, Commerce Bancshares Corp agreed to pay termination fee of $8.6 million.Berkshire Hills Bancorp says if co fails to obtain regulatory approvals due to specified circumstances, co agreed to pay termination fee of $4.3 million.  Full Article

Berkshire Hills to acquire Commerce Bancshares
Monday, 22 May 2017 

May 22 (Reuters) - Berkshire Hills Bancorp Inc :Berkshire Hills to acquire Commerce Bancshares.Berkshire hills bancorp inc - Deal for all-stock transaction valued at $209 million .Berkshire hills bancorp inc says deal anticipated to be 4-5% accretive to earnings per share in 2018 before transaction costs.Berkshire's total assets are expected to increase to $12 billion including $2.2 billion in acquired commerce assets.Two Commerce board members are expected to join Berkshire's board upon completion of transaction.Says definitive agreement has been approved by unanimous votes of boards of directors of both companies.Under terms of agreement,each outstanding share of commerce common stock to be exchanged for 0.93 shares of co's common stock.Says will acquire commerce and its subsidiary, Commerce Bank and trust in an all-stock transaction.  Full Article