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Berkshire Hills Bancorp (BHLB) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Berkshire Hills Bancorp Revenue Highlights

Latest Revenue (Y)

$619.08M

Latest Revenue (Q)

$178.78M

Main Segment (Y)

Service Charges

Berkshire Hills Bancorp Revenue by Period

Berkshire Hills Bancorp Revenue by Year

DateRevenueChange
2023-12-31$619.08M49.70%
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 $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

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 23Dec 22Dec 21Dec 20Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
PFSProvident Financial Services$695.65M$279.55M
NBTBNBT Bancorp$665.04M$202.00M
BHLBBerkshire Hills Bancorp$619.08M$178.78M
NBHCNational Bank$559.33M$106.33M
CFBCrossFirst Bankshares$455.32M$134.39M
FMBHFirst Mid Bancshares$386.95M$44.35M
CNOBConnectOne Bancorp$373.75M$134.98M
FISIFinancial Institutions$331.24M$86.74M
SMBCSouthern Missouri Bancorp$273.07M$74.54M
FRSTPrimis Financial$215.37M$66.04M
CBANColony Bankcorp$160.55M$44.69M
CFFIC&F Financial$153.75M$44.90M
BCALSouthern California Bancorp$126.90M$55.75M
FDBCFidelity D & D Bancorp$105.45M$27.30M
FNWDFinward Bancorp$96.53M$22.47M
OPOFOld Point Financial$80.28M$21.99M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$15.02M
IROQIF Bancorp$45.37M$12.32M
AFBIAffinity Bancshares$45.17M$12.87M
FCCOFirst Community$10.42M$26.72M

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 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 (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.