NYSE$BBT

Beacon Financial Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Berkshire Hills Bancorp reported increased GAAP earnings and improved core earnings per share due to business repositioning strategies and completing an acquisition.

Berkshire Hills Bancorp reported increased GAAP earnings to $0.51 per share and improved core earnings per share to $0.70. The company's profitability measures were the best of the year, with improvements in liquidity, capital, and asset quality.

  • GAAP earnings increased to $0.51 per share, compared to $0.31 in 2018.
  • Core earnings per share improved to $0.70 from $0.69.
  • Total assets decreased by $0.3 billion, or 2%, to $13.2 billion.
  • The Board of Directors approved a quarterly cash dividend of $0.24 per common share, a 4% increase.

Headline financials

Total Revenue

$91.3M

Previous: $93.4M-2.2%
EPS (adj)

$0.70

Previous: $0.63+11.1%
Efficiency ratio

53.7%

Previous: 54.9%-2.2%
Stockholders' equity to total assets

13.3%

No prior period
Nonperforming assets as a percentage of total assets

0.3%

No prior period
Allowance for loan and lease losses

$0.67

No prior period
Capital Expenditures

$2.05M

Previous: $78K+2524.4%
Free Cash Flow

$106M

Previous: $40.5M+161.2%
Net Income

$0.00

Previous: $14.3M-100.0%
Gross Profit

$113M

Previous: $220M-48.6%
Cash & Equivalents

$580M

Previous: $183M+216.5%
Total Assets

$13.2B

Previous: $12.2B+8.1%
Stock-Based Comp

$1.27M

Previous: $478K+164.9%

Revenue & EPS history

Berkshire Hills Bancorp · Revenue · Quarterly

$91.3M

Q4 2019-2.2%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Berkshire Hills Bancorp · $2.6M total across 1 segment · Q4 2021

  • Wealth management fees
    $2.6M

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%-4.3%
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 2011+1.3%
Q2 2010+1.3%
Q3 2010+1.5%
Q1 2010+6.9%

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