Berkshire Hills Bancorp (BHLB) Revenue & Revenue Breakdown


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Berkshire Hills Bancorp Revenue Highlights


Latest Revenue (Y)

$613.94M

Latest Revenue (Q)

$178.78M

Main Segment (Y)

Service Charges

Berkshire Hills Bancorp Revenue by Period


Berkshire Hills Bancorp Revenue by Year

DateRevenueChange
2024-12-31$613.94M6.53%
2023-12-31$576.30M39.36%
2022-12-31$413.53M8.40%
2021-12-31$381.47M-0.10%
2020-12-31$381.85M-14.75%
2019-12-31$447.91M-4.45%
2018-12-31$468.77M11.56%
2017-12-31$420.19M41.46%
2016-12-31$297.03M10.78%
2015-12-31$268.14M18.40%
2014-12-31$226.46M-0.23%
2013-12-31$226.98M14.96%
2012-12-31$197.44M38.73%
2011-12-31$142.32M31.65%
2010-12-31$108.11M9.66%
2009-12-31$98.58M-8.15%
2008-12-31$107.33M19.60%
2007-12-31$89.75M24.15%
2006-12-31$72.29M8.64%
2005-12-31$66.54M38.28%
2004-12-31$48.12M-6.15%
2003-12-31$51.28M-5.25%
2002-12-31$54.12M6.93%
2001-12-31$50.61M19.66%
2000-12-31$42.30M18.00%
1999-12-31$35.84M-

Berkshire Hills Bancorp generated $613.94M in revenue during NA 2024, up 6.53% compared to the previous quarter, and up 137.07% compared to the same period a year ago.

Berkshire Hills Bancorp Revenue by Quarter

DateRevenueChange
2024-09-30$178.78M2.69%
2024-06-30$174.09M46.05%
2024-03-31$119.20M-16.15%
2023-12-31$142.15M31.87%
2023-09-30$107.80M-1.87%
2023-06-30$109.85M-3.76%
2023-03-31$114.14M-3.06%
2022-12-31$117.75M8.69%
2022-09-30$108.33M10.88%
2022-06-30$97.71M8.88%
2022-03-31$89.74M0.09%
2021-12-31$89.66M-3.71%
2021-09-30$93.12M-4.40%
2021-06-30$97.40M-3.83%
2021-03-31$101.29M3.57%
2020-12-31$97.80M0.80%
2020-09-30$97.02M2.16%
2020-06-30$94.97M3.16%
2020-03-31$92.06M-18.77%
2019-12-31$113.34M-4.17%
2019-09-30$118.28M8.40%
2019-06-30$109.11M1.80%
2019-03-31$107.18M-6.37%
2018-12-31$114.47M-3.50%
2018-09-30$118.62M-2.10%
2018-06-30$121.17M5.82%
2018-03-31$114.51M-1.00%
2017-12-31$115.66M15.05%
2017-09-30$100.54M-1.76%
2017-06-30$102.34M0.69%
2017-03-31$101.64M34.87%
2016-12-31$75.36M-1.29%
2016-09-30$76.35M6.05%
2016-06-30$72.00M-1.82%
2016-03-31$73.33M3.28%
2015-12-31$71.00M1.90%
2015-09-30$69.67M0.36%
2015-06-30$69.42M19.57%
2015-03-31$58.05M-4.59%
2014-12-31$60.85M2.11%
2014-09-30$59.59M1.28%
2014-06-30$58.84M24.68%
2014-03-31$47.19M-15.06%
2013-12-31$55.56M-4.19%
2013-09-30$57.98M2.24%
2013-06-30$56.71M-0.04%
2013-03-31$56.73M-4.84%
2012-12-31$59.62M20.35%
2012-09-30$49.54M4.64%
2012-06-30$47.34M15.62%
2012-03-31$40.95M2.47%
2011-12-31$39.96M-4.20%
2011-09-30$41.71M28.86%
2011-06-30$32.37M13.00%
2011-03-31$28.65M2.76%
2010-12-31$27.88M4.81%
2010-09-30$26.60M-0.88%
2010-06-30$26.83M0.15%
2010-03-31$26.80M18.31%
2009-12-31$22.65M-7.28%
2009-09-30$24.43M-2.80%
2009-06-30$25.13M-7.57%
2009-03-31$27.19M5.18%
2008-12-31$25.85M-2.70%
2008-09-30$26.56M-2.19%
2008-06-30$27.16M-2.19%
2008-03-31$27.77M4.91%
2007-12-31$26.47M-

Berkshire Hills Bancorp generated $178.78M in revenue during Q3 2024, up 2.69% compared to the previous quarter, and up 162.74% 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/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Interchange Income$8.30M$8.39M$8.47M$8.32M$7.56M
Service Charges$24.08M$24.16M$22.40M$20.25M$19.24M
Asset Management Fees$10.84M$10.20M$10.01M$10.53M$9.29M
Insurance Revenue---$7.00M$10.77M

Berkshire Hills Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service Charges (55.72%), Asset Management Fees (25.08%), and Interchange Income (19.20%).

Berkshire Hills Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
PFSProvident Financial Services$1.05B$279.55M
BHLBBerkshire Hills Bancorp$613.94M$178.78M
NBTBNBT Bancorp$611.67M$202.00M
NBHCNational Bank$538.27M$106.33M
CNOBConnectOne Bancorp$517.89M$134.98M
CFBCrossFirst Bankshares$455.32M$134.39M
FISIFinancial Institutions$313.23M$86.74M
SMBCSouthern Missouri Bancorp$273.07M$69.42M
FRSTPrimis Financial$215.37M$66.04M
BCALSouthern California Bancorp$179.80M$55.75M
CFFIC&F Financial$139.59M$44.90M
FDBCFidelity D & D Bancorp$107.02M$27.30M
FNWDFinward Bancorp$71.60M$22.47M
CWBCCommunity West Bancshares$61.39M$27.26M
OPOFOld Point Financial$60.91M$21.99M
IROQIF Bancorp$45.37M$11.01M
FCAPFirst Capital$42.00M$15.02M
AFBIAffinity Bancshares$30.61M$12.87M
FCCOFirst Community$14.00M$26.72M
FMBHFirst Mid Bancshares-$44.35M
CBANColony Bankcorp-$44.69M

BHLB Revenue FAQ


What is Berkshire Hills Bancorp’s yearly revenue?

Berkshire Hills Bancorp's yearly revenue for 2024 was $613.94M, representing an increase of 6.53% compared to 2023. The company's yearly revenue for 2023 was $576.3M, representing an increase of 39.36% compared to 2022. BHLB's yearly revenue for 2022 was $413.53M, representing an increase of 8.40% compared to 2021.

What is Berkshire Hills Bancorp’s quarterly revenue?

Berkshire Hills Bancorp's quarterly revenue for Q3 2024 was $178.78M, a 2.69% increase from the previous quarter (Q2 2024), and a 65.84% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $174.08M, a 46.05% increase from the previous quarter (Q1 2024), and a 58.47% increase year-over-year (Q2 2023). BHLB'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).

What is Berkshire Hills Bancorp’s revenue growth rate?

Berkshire Hills Bancorp's revenue growth rate for the last 3 years (2022-2024) was 48.46%, and for the last 5 years (2020-2024) was 60.78%.

What are Berkshire Hills Bancorp’s revenue streams?

Berkshire Hills Bancorp's revenue streams in c 24 are Interchange Income, Service Charges, and Asset Management Fees. Interchange Income generated $8.3M in revenue, accounting 19.20% of the company's total revenue, down -1.16% year-over-year. Service Charges generated $24.08M in revenue, accounting 55.72% of the company's total revenue, down -0.31% year-over-year. Asset Management Fees generated $10.84M in revenue, accounting 25.08% of the company's total revenue, up 6.31% year-over-year.

What is Berkshire Hills Bancorp’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Berkshire Hills Bancorp was Service Charges. This segment made a revenue of $24.08M, representing 55.72% of the company's total revenue.