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Berkshire Hills Bancorp (Berkshire Hills Bancorp) Retained Earnings : $-61.1 Mil (As of Mar. 2024)


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What is Berkshire Hills Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Berkshire Hills Bancorp's retained earnings for the quarter that ended in Mar. 2024 was $-61.1 Mil.

Berkshire Hills Bancorp's quarterly retained earnings declined from Sep. 2023 ($-23.8 Mil) to Dec. 2023 ($-33.1 Mil) and declined from Dec. 2023 ($-33.1 Mil) to Mar. 2024 ($-61.1 Mil).

Berkshire Hills Bancorp's annual retained earnings increased from Dec. 2021 ($-139.4 Mil) to Dec. 2022 ($-71.4 Mil) and increased from Dec. 2022 ($-71.4 Mil) to Dec. 2023 ($-33.1 Mil).


Berkshire Hills Bancorp Retained Earnings Historical Data

The historical data trend for Berkshire Hills Bancorp's Retained Earnings 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.

* Premium members only.

Berkshire Hills Bancorp Retained Earnings Chart

Berkshire Hills Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 361.08 -233.34 -139.38 -71.43 -33.14

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
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.40 -35.49 -23.85 -33.14 -61.15

Berkshire Hills Bancorp Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Berkshire Hills Bancorp  (NYSE:BHLB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Berkshire Hills Bancorp (Berkshire Hills Bancorp) Business Description

Traded in Other Exchanges
Address
60 State Street, Boston, MA, USA, 02109
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