BERKSHIRE HILLS BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
BBT$30.67+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
INDEX
| PART I | 4 | |
|---|---|---|
| ITEM 1. | BUSINESS | 4 |
| ITEM 1A. | RISK FACTORS | 28 |
| ITEM 1B. | UNRESOLVED STAFF COMMENTS | 39 |
| ITEM 1C. | CYBERSECURITY | 40 |
| ITEM 2. | PROPERTIES | 41 |
| ITEM 3. | LEGAL PROCEEDINGS | 42 |
| ITEM 4. | MINE SAFETY DISCLOSURES | 42 |
| PART II | 43 | |
| ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 43 |
| ITEM 6. | [RESERVED] | 44 |
| ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 45 |
| ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 65 |
| ITEM 8. | CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 67 |
| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 67 |
| ITEM 9A. | CONTROLS AND PROCEDURES | 67 |
| ITEM 9B. | OTHER INFORMATION | 67 |
| ITEM 9C. | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 67 |
| PART III | 68 | |
| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE | 69 |
| ITEM 11. | EXECUTIVE COMPENSATION | 72 |
| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS | 72 |
|---|---|---|
| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 73 |
| ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES | 73 |
| PART IV | 74 | |
| ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 74 |
| SIGNATURES | 77 | |
| TABLE INDEX | ||
| PART I | 4 | |
| ITEM 1. | 4 | |
| ITEM 1 TABLE 1 — LOAN PORTFOLIO ANALYSIS | 5 | |
| ITEM 1 TABLE 2 — MATURITY AND SENSITIVITY OF LOAN PORTFOLIO | 9 | |
| ITEM 1 TABLE 3 — CREDIT QUALITY RATIOS | 11 | |
| ITEM 1 TABLE 4 — ALLOCATION OF ALLOWANCE BY LOAN CATEGORY | 12 | |
| ITEM 1 TABLE 5 — WEIGHTED AVERAGE YIELD ON SECURITIES | 13 | |
| ITEM 1 TABLE 6 — AVERAGE BALANCE AND WEIGHTED AVERAGE RATES FOR DEPOSITS | 15 | |
| ITEM 1 TABLE 7 — MATURITY OF DEPOSITS > $250,000 | 15 | |
| PART II | 43 | |
| ITEMS 7-7A. | 45 | |
| ITEM 7 TABLE 1 — AVERAGE BALANCES, INTEREST AND AVERAGE YIELD COSTS | 48 | |
| ITEM 7 TABLE 2 — RATE VOLUME ANALYSIS | 49 | |
| ITEM 7 — 7A TABLE 3 — QUALITATIVE ASPECTS OF MARKET RISK | 66 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.