Berkshire Hills Bancorp
Income Statement

Last updated:

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Berkshire Hills Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 39% to $576,299,000. Profit margin reached 12%. Total operating expenses were $253,897,000.

Profit Margin

Berkshire Hills Bancorp, Inc. (NYSE:BHLB): Profit margin
2014 226.46M 33.74M 14.9%
2015 268.13M 49.51M 18.47%
2016 297.03M 58.67M 19.75%
2017 420.18M 55.24M 13.15%
2018 468.77M 105.76M 22.56%
2019 447.90M 97.45M 21.76%
2020 381.84M -513.17M -134.39%
2021 381.47M 118.66M 31.11%
2022 413.53M 92.53M 22.38%
2023 576.29M 69.59M 12.08%

BHLB Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue
Revenue
576.29M413.53M381.47M381.84M447.90M468.77M420.18M297.03M268.13M226.46M
Cost of revenue
253.35M241.77M247.25M00248.32M227.00M161.52M00
Gross profit
322.94M171.75M134.22M381.84M447.90M220.45M193.18M135.51M268.13M226.46M
Operating exp.
Research and development
0000000000
Selling and marketing
5.37M5.10M2.74M3.70M4.47M7.98M11.87M3.16M3.30M2.57M
Total operating expenses
253.89M5.10M-232.45M-934.71M-327.99M-223.53M11.87M3.16M-171.78M-144.31M
Operating income
317.56M156.47M149.02M-552.87M119.91M245.23M121.37M115.75M96.35M82.15M
Other income (expenses), net
-239.24M-42.66M30.35M-19.85M4.07M-111.82M-21.62M-38.30M-36.83M-35.76M
Income before tax
78.32M113.81M149.02M-533.02M123.98M133.41M99.74M77.45M54.58M45.50M
Income tax expense
8.72M21.28M30.35M-19.85M22.46M27.64M44.50M18.78M5.06M11.76M
Net income
69.59M92.53M118.66M-513.17M97.45M105.76M55.24M58.67M49.51M33.74M
Earnings per share
Basic EPS
1.612.032.41-10.211.962.31.41.891.741.36
Diluted EPS
1.62.022.39-10.211.952.291.391.881.731.36
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