Berkshire Hills Bancorp (BHLB) Revenue & Revenue Breakdown
Berkshire Hills Bancorp Revenue Highlights
Latest Revenue (Y)
$619.08M
Latest Revenue (Q)
$174.24M
Main Segment (Y)
Service Charges
Berkshire Hills Bancorp Revenue by Period
Berkshire Hills Bancorp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $619.08M | 49.70% |
| 2022-12-31 | $413.53M | 8.40% |
| 2021-12-31 | $381.47M | -0.10% |
| 2020-12-31 | $381.85M | -14.75% |
| 2019-12-31 | $447.91M | -4.45% |
| 2018-12-31 | $468.77M | 11.56% |
| 2017-12-31 | $420.19M | 41.46% |
| 2016-12-31 | $297.03M | 10.78% |
| 2015-12-31 | $268.14M | 18.40% |
| 2014-12-31 | $226.46M | -0.23% |
| 2013-12-31 | $226.98M | 14.96% |
| 2012-12-31 | $197.44M | 38.73% |
| 2011-12-31 | $142.32M | 31.65% |
| 2010-12-31 | $108.11M | 9.66% |
| 2009-12-31 | $98.58M | -8.15% |
| 2008-12-31 | $107.33M | 19.60% |
| 2007-12-31 | $89.75M | 24.15% |
| 2006-12-31 | $72.29M | 8.64% |
| 2005-12-31 | $66.54M | 38.28% |
| 2004-12-31 | $48.12M | -6.15% |
| 2003-12-31 | $51.28M | -5.25% |
| 2002-12-31 | $54.12M | 6.93% |
| 2001-12-31 | $50.61M | 19.66% |
| 2000-12-31 | $42.30M | 18.00% |
| 1999-12-31 | $35.84M | - |
Berkshire Hills Bancorp generated $619.08M in revenue during NA 2023, up 49.70% compared to the previous quarter, and up 132.06% compared to the same period a year ago.
Berkshire Hills Bancorp Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $174.24M | 46.18% |
| 2024-03-31 | $119.20M | -16.15% |
| 2023-12-31 | $142.15M | 31.87% |
| 2023-09-30 | $107.80M | -1.87% |
| 2023-06-30 | $109.85M | -3.76% |
| 2023-03-31 | $114.14M | -3.06% |
| 2022-12-31 | $117.75M | 8.69% |
| 2022-09-30 | $108.33M | 10.88% |
| 2022-06-30 | $97.71M | 8.88% |
| 2022-03-31 | $89.74M | 0.09% |
| 2021-12-31 | $89.66M | -3.71% |
| 2021-09-30 | $93.12M | -4.40% |
| 2021-06-30 | $97.40M | -3.83% |
| 2021-03-31 | $101.29M | 3.57% |
| 2020-12-31 | $97.80M | 0.80% |
| 2020-09-30 | $97.02M | 2.16% |
| 2020-06-30 | $94.97M | 3.16% |
| 2020-03-31 | $92.06M | -18.77% |
| 2019-12-31 | $113.34M | -4.17% |
| 2019-09-30 | $118.28M | 8.40% |
| 2019-06-30 | $109.11M | 1.80% |
| 2019-03-31 | $107.18M | -6.37% |
| 2018-12-31 | $114.47M | -3.50% |
| 2018-09-30 | $118.62M | -2.10% |
| 2018-06-30 | $121.17M | 5.82% |
| 2018-03-31 | $114.51M | -1.00% |
| 2017-12-31 | $115.66M | 15.05% |
| 2017-09-30 | $100.54M | -1.76% |
| 2017-06-30 | $102.34M | 0.69% |
| 2017-03-31 | $101.64M | 34.87% |
| 2016-12-31 | $75.36M | -1.29% |
| 2016-09-30 | $76.35M | 6.05% |
| 2016-06-30 | $72.00M | -1.82% |
| 2016-03-31 | $73.33M | 3.28% |
| 2015-12-31 | $71.00M | 1.90% |
| 2015-09-30 | $69.67M | 0.36% |
| 2015-06-30 | $69.42M | 19.57% |
| 2015-03-31 | $58.05M | -4.59% |
| 2014-12-31 | $60.85M | 2.11% |
| 2014-09-30 | $59.59M | 1.28% |
| 2014-06-30 | $58.84M | 24.68% |
| 2014-03-31 | $47.19M | -15.06% |
| 2013-12-31 | $55.56M | -4.19% |
| 2013-09-30 | $57.98M | 2.24% |
| 2013-06-30 | $56.71M | -0.04% |
| 2013-03-31 | $56.73M | -4.84% |
| 2012-12-31 | $59.62M | 20.35% |
| 2012-09-30 | $49.54M | 4.64% |
| 2012-06-30 | $47.34M | 15.62% |
| 2012-03-31 | $40.95M | 2.47% |
| 2011-12-31 | $39.96M | -4.20% |
| 2011-09-30 | $41.71M | 28.86% |
| 2011-06-30 | $32.37M | 13.00% |
| 2011-03-31 | $28.65M | 2.76% |
| 2010-12-31 | $27.88M | 4.81% |
| 2010-09-30 | $26.60M | -0.88% |
| 2010-06-30 | $26.83M | 0.15% |
| 2010-03-31 | $26.80M | 18.31% |
| 2009-12-31 | $22.65M | -7.28% |
| 2009-09-30 | $24.43M | -2.80% |
| 2009-06-30 | $25.13M | -7.57% |
| 2009-03-31 | $27.19M | 5.18% |
| 2008-12-31 | $25.85M | -2.70% |
| 2008-09-30 | $26.56M | -2.19% |
| 2008-06-30 | $27.16M | -2.19% |
| 2008-03-31 | $27.77M | 4.91% |
| 2007-12-31 | $26.47M | - |
Berkshire Hills Bancorp generated $174.24M in revenue during Q2 2024, up 46.18% compared to the previous quarter, and up 152.66% compared to the same period a year ago.
Berkshire Hills Bancorp Revenue Breakdown
Berkshire Hills Bancorp Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Insurance Revenue | - | - | $7.00M | $10.77M | $10.96M |
| Asset Management Fees | $10.20M | $10.01M | $10.53M | $9.29M | $9.35M |
| Service Charges | $24.16M | $22.40M | $20.25M | $19.24M | $23.12M |
| Interchange Income | $8.39M | $8.47M | $8.32M | $7.56M | $6.27M |
Berkshire Hills Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service Charges (56.51%), Asset Management Fees (23.85%), and Interchange Income (19.64%).
Berkshire Hills Bancorp Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PFS | Provident Financial Services | $695.65M | $270.09M |
| NBTB | NBT Bancorp | $665.04M | $194.00M |
| BHLB | Berkshire Hills Bancorp | $619.08M | $174.24M |
| NBHC | National Bank | $559.33M | $146.48M |
| CFB | CrossFirst Bankshares | $455.32M | $128.69M |
| FMBH | First Mid Bancshares | $386.95M | $111.11M |
| CNOB | ConnectOne Bancorp | $373.75M | $134.41M |
| FISI | Financial Institutions | $331.24M | $101.62M |
| CATC | Cambridge Bancorp | $218.53M | $66.82M |
| FRST | Primis Financial | $215.37M | $42.87M |
| CBAN | Colony Bankcorp | $160.55M | $42.83M |
| CFFI | C&F Financial | $153.75M | $41.64M |
| SMBC | Southern Missouri Bancorp | $152.95M | $69.55M |
| BCAL | Southern California Bancorp | $126.90M | $33.04M |
| FDBC | Fidelity D & D Bancorp | $105.45M | $30.65M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| OPOF | Old Point Financial | $80.28M | $21.59M |
| TCFC | Community Financial | $79.92M | $20.52M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| FCAP | First Capital | $51.24M | $14.24M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| IROQ | IF Bancorp | $26.07M | $11.94M |
| FCCO | First Community | $10.42M | $25.48M |
BHLB Revenue FAQ
What is Berkshire Hills Bancorp’s yearly revenue?
Berkshire Hills Bancorp's yearly revenue for 2023 was $619.08M, representing an increase of 49.70% compared to 2022. The company's yearly revenue for 2022 was $413.53M, representing an increase of 8.40% compared to 2021. BHLB's yearly revenue for 2021 was $381.47M, representing a decrease of -0.10% compared to 2020.
What is Berkshire Hills Bancorp’s quarterly revenue?
Berkshire Hills Bancorp's quarterly revenue for Q2 2024 was $174.24M, a 46.18% increase from the previous quarter (Q1 2024), and a 58.61% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $119.2M, a -16.15% decrease from the previous quarter (Q4 2023), and a 4.43% increase year-over-year (Q1 2023). BHLB's quarterly revenue for Q4 2023 was $142.15M, a 31.87% increase from the previous quarter (Q3 2023), and a 20.73% increase year-over-year (Q4 2022).
What is Berkshire Hills Bancorp’s revenue growth rate?
Berkshire Hills Bancorp's revenue growth rate for the last 3 years (2021-2023) was 62.29%, and for the last 5 years (2019-2023) was 38.22%.
What are Berkshire Hills Bancorp’s revenue streams?
Berkshire Hills Bancorp's revenue streams in c 23 are Asset Management Fees, Service Charges, and Interchange Income. Asset Management Fees generated $10.2M in revenue, accounting 23.85% of the company's total revenue, up 1.89% year-over-year. Service Charges generated $24.16M in revenue, accounting 56.51% of the company's total revenue, up 7.88% year-over-year. Interchange Income generated $8.4M in revenue, accounting 19.64% of the company's total revenue, down -0.89% year-over-year.
What is Berkshire Hills Bancorp’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Berkshire Hills Bancorp was Service Charges. This segment made a revenue of $24.16M, representing 56.51% of the company's total revenue.