Berkshire Hills Bancorp (BHLB) Revenue & Revenue Breakdown


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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

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
2024-06-30$174.24M46.18%
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 $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/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$270.09M
NBTBNBT Bancorp$665.04M$194.00M
BHLBBerkshire Hills Bancorp$619.08M$174.24M
NBHCNational Bank$559.33M$146.48M
CFBCrossFirst Bankshares$455.32M$134.39M
FMBHFirst Mid Bancshares$386.95M$111.11M
CNOBConnectOne Bancorp$373.75M$134.41M
FISIFinancial Institutions$331.24M$101.62M
SMBCSouthern Missouri Bancorp$273.07M$69.55M
CATCCambridge Bancorp$218.53M$66.82M
FRSTPrimis Financial$215.37M$66.04M
CBANColony Bankcorp$160.55M$42.83M
CFFIC&F Financial$153.75M$41.64M
BCALSouthern California Bancorp$126.90M$33.04M
FDBCFidelity D & D Bancorp$105.45M$30.65M
FNWDFinward Bancorp$96.53M$24.70M
OPOFOld Point Financial$80.28M$21.59M
TCFCCommunity Financial$79.92M$20.52M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$14.24M
IROQIF Bancorp$45.37M$11.94M
AFBIAffinity Bancshares$45.17M$12.93M
FCCOFirst Community$10.42M$25.48M

BHLB Revenue FAQ


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.

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).

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%.

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.

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.