Berkshire Hills Bancorp Management
Management criteria checks 3/4
Berkshire Hills Bancorp's CEO is Nitin Mhatre, appointed in Jan 2021, has a tenure of 4.08 years. total yearly compensation is $2.63M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth €3.25M. The average tenure of the management team and the board of directors is 3.2 years and 3.4 years respectively.
Key information
Nitin Mhatre
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 31.7% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.2yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$61m |
| Sep 30 2024 | n/a | n/a | US$40m |
| Jun 30 2024 | n/a | n/a | US$22m |
| Mar 31 2024 | n/a | n/a | US$22m |
| Dec 31 2023 | US$3m | US$835k | US$70m |
| Sep 30 2023 | n/a | n/a | US$102m |
| Jun 30 2023 | n/a | n/a | US$101m |
| Mar 31 2023 | n/a | n/a | US$100m |
| Dec 31 2022 | US$3m | US$775k | US$93m |
| Sep 30 2022 | n/a | n/a | US$82m |
| Jun 30 2022 | n/a | n/a | US$127m |
| Mar 31 2022 | n/a | n/a | US$126m |
| Dec 31 2021 | US$2m | US$644k | US$119m |
Compensation vs Market: Nitin's total compensation ($USD2.63M) is above average for companies of similar size in the German market ($USD1.49M).
Compensation vs Earnings: Nitin's compensation has been consistent with company performance over the past year.
CEO
Nitin Mhatre (53 yo)
4.1yrs
Tenure
US$2,633,381
Compensation
Mr. Nitin J. Mhatre serves as President, Chief Executive Officer and Director at Berkshire Hills Bancorp, Inc. since January 29, 2021. He serves as Chief Executive Officer and Director at Berkshire Bank si...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | US$2.63m | 0.24% € 3.2m | |
| Chief Accounting Officer | 10.1yrs | US$578.49k | 0.044% € 598.6k | |
| Senior EVP & COO | no data | US$1.60m | 0.25% € 3.3m | |
| Senior EVP & Chief Risk Officer | no data | US$680.96k | 0.065% € 880.9k | |
| Senior Executive VP and Head of Commercial Banking & Private Banking | 2.1yrs | US$862.32k | 0.018% € 249.4k | |
| Senior Vice President of Investor Relations & Corporate Development | 3.9yrs | no data | 0.063% € 856.0k | |
| Senior EVP | 6.3yrs | no data | 0.054% € 737.5k | |
| Executive VP & Chief Compliance Officer | 2.4yrs | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Executive VP and Chief Strategy & Marketing Officer | less than a year | no data | no data | |
| Senior EVP and Chief Human Resources Officer & Culture Officer | 2.1yrs | no data | 0.030% € 412.5k | |
| Capital Markets Director | no data | no data | no data |
3.2yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 4I9's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | US$2.63m | 0.24% € 3.2m | |
| Independent Director | 3.4yrs | US$128.47k | 0.039% € 537.3k | |
| Independent Director | 1.4yrs | US$36.38k | 0.063% € 862.9k | |
| Independent Director | 1.8yrs | US$96.43k | 0.011% € 144.6k | |
| Independent Director | 11.8yrs | US$130.28k | 0.045% € 610.2k | |
| Independent Director | 5yrs | US$148.86k | 0.025% € 337.4k | |
| Independent Director | 2yrs | US$109.86k | 0.012% € 160.1k | |
| Independent Chairperson | 7.5yrs | US$193.41k | 0.050% € 687.1k | |
| Independent Director | 5.8yrs | US$124.28k | 0.028% € 379.1k | |
| Independent Director | 3.2yrs | US$134.45k | 0.018% € 247.7k | |
| Independent Director | 2.9yrs | US$121.63k | 0.015% € 200.7k |
3.4yrs
Average Tenure
60yo
Average Age
Experienced Board: 4I9's board of directors are considered experienced (3.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 19:24 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Berkshire Hills Bancorp, Inc. is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | D.A. Davidson & Co. |
| David Bishop | Drexel Hamilton |
| Christopher Marinac | FIG Partners |