NYSE$BBT
Beacon Financial Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Berkshire Hills Bancorp's operating results improved due to higher loan-related fees and revenues, growth in demand deposits, and the paydown of higher cost wholesale funding.
Berkshire Hills Bancorp reported a net income of $13 million, or $0.26 per share, for Q1 2021. Adjusted earnings were $16 million, or $0.32 per share, excluding $3 million in restructuring and other expenses. The quarter benefited from higher revenues and lower credit loss provision expense.
- Net income was $13 million, or $0.26 per share, compared to $15 million, or $0.30 per share, in the prior quarter.
- Adjusted earnings totaled $16 million, or $0.32 per share, compared to $14 million, or $0.28 per share, in the prior quarter.
- Total assets remained steady at $12.8 billion.
- Total net revenue increased quarter-over-quarter by $2 million to $101 million.
Headline financials
Revenue & EPS history
Berkshire Hills Bancorp · Revenue · Quarterly
$101M
Revenue by segment
Berkshire Hills Bancorp · $2.6M total across 1 segment · Q4 2021
- Wealth management fees$2.6M—100.0%
Forward guidance
Berkshire is focused on the development of their transformational strategic plan, which they plan to announce on May 18, 2021, with the goal of enhancing results for all stakeholders.
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 2021
+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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