Berkshire Hills Bancorp (Berkshire Hills Bancorp) Credit Losses Provision : $29.0 Mil (As of Dec. 2023)

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What is Berkshire Hills Bancorp Credit Losses Provision?

Berkshire Hills Bancorp's credit losses provision for the three months ended in Dec. 2023 was $7.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $29.0 Mil.

Berkshire Hills Bancorp's quarterly credit losses provision stayed the same from Jun. 2023 ($8.0 Mil) to Sep. 2023 ($8.0 Mil) but then declined from Sep. 2023 ($8.0 Mil) to Dec. 2023 ($7.0 Mil).

Berkshire Hills Bancorp's annual credit losses provision increased from Dec. 2021 ($-0.5 Mil) to Dec. 2022 ($11.0 Mil) and increased from Dec. 2022 ($11.0 Mil) to Dec. 2023 ($32.0 Mil).

Berkshire Hills Bancorp Credit Losses Provision Historical Data

The historical data trend for Berkshire Hills Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Berkshire Hills Bancorp Credit Losses Provision Chart

Berkshire Hills Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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35.42

75.88

-0.50

11.00

32.00

Berkshire Hills Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															9.00	8.00	8.00	7.00	6.00

Berkshire Hills Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.0 Mil.

Berkshire Hills Bancorp (Berkshire Hills Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Berkshire Hills Bancorp Inc (NYSE:BHLB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

4I9:Germany

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.berkshirebank.com

Berkshire Hills Bancorp Inc is a holding company. It offers deposit, lending, investment, wealth management, and insurance services.

Executives

Mary Anne Callahan	director	24 NORTH STREET, PITTSFIELD MA 01201
Nitin J. Mhatre	director, officer: President and CEO	24 NORTH STREET, PITTSFIELD MA 01201
Karyn Polito	director	24 NORTH STREET, PITTSFIELD MA 01201
Jacqueline Courtwright	officer: EVP,Chief HR & Culture Officer	24 NORTH STREET, PITTSFIELD MA 01201
Kevin Conn	officer: SVP, Investors & Corp. Devel	24 NORTH STREET, PITTSFIELD MA 01201
Eric S Rosengren	director	24 NORTH STREET, PITTSFIELD MA 01201
Brett Brbovic	officer: Sr Managing Dir and CAO	24 NORTH STREET, PITTSFIELD MA 01201
R David Rosato	officer: SEVP - Chief Financial Officer	24 NORTH STREET, PITTSFIELD MA 01201
Ashlee Picard Flores	officer: EVP -Chief Compliance Officer	24 NORTH STREET, PITTSFIELD MA 01201
James Cannon Brown	officer: SEVP-Head of Comm'l Banking	24 NORTH STREET, PITTSFIELD MA 01201
Philip Jurgeleit	officer: EVP - Chief Credit Officer	24 NORTH STREET, PITTSFIELD MA 01201
Wm Gordon Prescott	officer: SEVP and General Counsel	24 NORTH STREET, PITTSFIELD MA 01201
Michael Zaitzeff	director	C/O HOLDCO ASSET MANAGEMENT, LP, 441 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10017
Hughes William H Iii	director	24 NORTH STREET, PITTSFIELD MA 01201
Mihir A. Desai	director	24 NORTH STREET, PITTSFIELD MA 01201