BERKSHIRE HILLS BANCORP INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 12, 2025
BBT$30.67+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
FORM 10-Q
INDEX
| Page | ||||
|---|---|---|---|---|
| PART I. | FINANCIAL INFORMATION | |||
| Item 1. | Consolidated Financial Statements (unaudited) | |||
| Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 | 4 | |||
| Consolidated Statements of Income for the Three Months Ended March 31, 2025 and 2024 | 5 | |||
| Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2025 and 2024 | 6 | |||
| Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2025 and 2024 | 7 | |||
| Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 | 8 | |||
| Notes to Consolidated Financial Statements (Unaudited) | ||||
| Note 1 | Basis of Presentation | 10 | ||
| Note 2 | Trading Securities | 11 | ||
| Note 3 | Securities Available for Sale, Held to Maturity, and Equity Securities | 12 | ||
| Note 4 | Loans and Allowance for Credit Losses | 17 | ||
| Note 5 | Deposits | 31 | ||
| Note 6 | Borrowed Funds | 31 | ||
| Note 7 | Derivative Financial Instruments and Hedging Activities | 33 | ||
| Note 8 | Leases | 41 | ||
| Note 9 | Capital Ratios and Shareholders' Equity | 43 | ||
| Note 10 | Earnings per Share | 47 | ||
| Note 11 | Stock-Based Compensation Plans | 48 | ||
| Note 12 | Fair Value Measurements | 49 | ||
| Note 13 | Net Interest Income after Provision/(Benefit) for Credit Losses | 58 | ||
| Note 14 | Tax Equity Investments | 59 | ||
| Note 15 | Pending Merger | 60 | ||
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 61 | ||
| Selected Financial Data | 61 | |||
| Average Balances and Average Yields/Rates | 63 | |||
| Non-GAAP Financial Measures | 64 | |||
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 72 | ||
| Item 4. | Controls and Procedures | 74 | ||
| PART II. · OTHER INFORMATION | ||
|---|---|---|
| Item 1. | Legal Proceedings | 75 |
| Item 1A. | Risk Factors | 77 |
| Item 2. | Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities | 78 |
| Item 3. | Defaults Upon Senior Securities | 78 |
| Item 4. | Mine Safety Disclosures | 78 |
| Item 5. | Other Information | 78 |
| Item 6. | Exhibits | 79 |
| Signatures | 80 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.