NYSE$BBT
Beacon Financial Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Berkshire Hills Bancorp reported a net loss per share and a core loss per share due to a pre-tax provision for projected future credit losses related to the COVID-19 pandemic.
Berkshire Hills Bancorp reported a GAAP net loss of $0.40 per share and a core loss of $0.07 per share for Q1 2020. The results were impacted by a non-cash $0.69 per share pre-tax provision for projected future credit losses primarily related to the COVID-19 pandemic. The company processed $650 million in loan approvals under the Paycheck Protection Program.
- Reported $0.40 GAAP net loss per share, including $0.69 pre-tax non-cash credit loss provision.
- Reported $0.07 core loss per share.
- Core PPNR per share was $0.61.
- Serviced $650 million first round Paycheck Protection Program (“PPP”) loan approvals.
Headline financials
Revenue & EPS history
Berkshire Hills Bancorp · Revenue · Quarterly
$92.1M
Revenue by segment
Berkshire Hills Bancorp · $2.6M total across 1 segment · Q4 2021
- Wealth management fees$2.6M—100.0%
Forward guidance
The Board of Directors intends to declare and pay a regular quarterly cash dividend of $0.24 per common share in the second quarter. The Board also plans to declare and pay the regular preferred stock dividend as part of this intended future declaration.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+0.0%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+1.9%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+11.1%
Q3 2020
Best reaction
-19.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | -4.3% | +2.5% | |
| Q4 2025 | +2.6% | +4.3% | +5.5% | |
| Q3 2025 | -0.4% | -1.3% | +2.9% | |
| Q2 2025 | -1.5% | -1.0% | +0.6% | |
| Q1 2025 | +3.2% | +3.4% | +2.2% | |
| Q4 2024 | +2.0% | +4.7% | -0.3% | |
| Q3 2024 | -1.9% | -0.1% | +13.6% | |
| Q2 2024 | +1.4% | +2.7% | -1.5% | |
| Q1 2024 | +5.7% | +8.4% | +14.3% | |
| Q4 2023 | +0.7% | +2.6% | -9.7% | |
| Q3 2023 | -5.2% | -6.4% | +7.4% | |
| Q2 2023 | -8.8% | -7.5% | -8.2% | |
| Q1 2023 | -6.0% | -11.9% | -12.2% | |
| Q4 2022 | +7.6% | +10.5% | +4.5% | |
| Q3 2022 | -1.2% | +1.3% | +5.7% | |
| Q2 2022 | +6.6% | +4.6% | +15.2% | |
| Q1 2022 | -6.0% | -8.9% | -12.4% | |
| Q4 2021 | -0.5% | +0.1% | +4.7% | |
| Q3 2021 | +3.4% | +1.1% | +3.0% | |
| Q2 2021 | +0.3% | +2.0% | -4.6% | |
| Q1 2021 | +3.9% | +2.3% | +23.7% | |
| Q4 2020 | -6.5% | -13.9% | +9.7% | |
| Q3 2020 | +11.1% | +8.9% | +47.3% | |
| Q2 2020 | -7.8% | -9.5% | -11.6% | |
| Q1 2020 | -19.5% | -26.8% | -26.5% | |
| Q4 2019 | -3.4% | -8.1% | -14.3% | |
| Q3 2019 | +2.6% | +4.4% | +5.2% | |
| Q2 2019 | +5.2% | +6.3% | -2.7% | |
| Q1 2019 | +0.3% | +1.8% | +0.5% | |
| Q4 2018 | -5.1% | -2.8% | +9.9% | |
| Q3 2018 | -6.6% | -11.9% | -11.4% | |
| Q2 2018 | +0.7% | +3.1% | +2.5% | |
| Q1 2018 | -0.1% | -0.5% | +2.6% | |
| Q4 2017 | -1.2% | -1.8% | -1.7% | |
| Q3 2017 | +1.7% | +0.4% | -5.6% | |
| Q2 2017 | +1.5% | +0.3% | -7.1% | |
| Q1 2017 | +6.2% | +7.3% | +5.4% | |
| Q4 2016 | -1.9% | -0.6% | +0.7% | |
| Q3 2016 | +3.9% | +3.9% | +19.7% | |
| Q2 2016 | -5.3% | -6.6% | -2.3% | |
| Q1 2016 | -1.9% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q3 2015 | +2.7% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +4.9% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | -2.4% | — | — | |
| Q3 2013 | +1.9% | — | — | |
| Q2 2013 | -2.1% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -0.4% | — | — | |
| Q3 2012 | +0.9% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2011 | -1.6% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2010 | +2.3% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q3 2010 | +1.5% | — | — | |
| Q1 2010 | +6.9% | — | — |
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