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 3.33 years. total yearly compensation is $2.63M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth $2.44M. The average tenure of the management team and the board of directors is 1.7 years and 3.2 years respectively.
Key information
Nitin Mhatre
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 31.7% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.7yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Berkshire Hills Bancorp: Earnings Likely To Bounce Back, But Risks Are High
May 01BHLB: Surprise Q4 Loss Is Nothing To Worry About
Feb 02Berkshire Hills Bancorp (NYSE:BHLB) Will Pay A Dividend Of $0.18
Nov 06
Berkshire Hills Bancorp: Earnings Outlook Remains Positive (Rating Upgrade)
Jun 13Berkshire Hills Bancorp declares $0.18 dividend
Feb 03Berkshire Hills Bancorp announces $50M stock buyback program
Jan 25Berkshire Hills Bancorp: Earnings Likely To Recover Thanks To Topline Growth
Jan 03Berkshire Hills Bancorp (NYSE:BHLB) Is Increasing Its Dividend To $0.18
Nov 07Berkshire Hills Bancorp raises dividend by 50% to $0.18
Nov 04Berkshire Hills Bancorp Non-GAAP EPS of $0.62 beats by $0.03, revenue of $108.81M beats by $2.87M
Oct 20Berkshire Hills Bancorp's Subhadeep Basu steps down from CFO role
Oct 13Berkshire Hills Bancorp Non-GAAP EPS of $0.51 beats by $0.04, revenue of $97.71M beats by $0.93M
Jul 20Berkshire Hills Bancorp Is Trading At Over 15 Times Earnings, So I'm On The Sidelines
Jun 03Berkshire Hills Bancorp: Earnings To Dip Due To A Lower Loan Balance, Higher Provision Expense
Jan 26Berkshire Hills Bancorp, Inc. Just Beat Revenue By 8.5%: Here's What Analysts Think Will Happen Next
Jan 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 about average for companies of similar size in the US market ($USD3.42M).
Compensation vs Earnings: Nitin's compensation has been consistent with company performance over the past year.
CEO
Nitin Mhatre (52 yo)
3.3yrs
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 | 3.3yrs | US$2.63m | 0.27% $ 2.4m | |
| Senior EVP & CFO | 1.3yrs | US$1.03m | 0.032% $ 288.1k | |
| Senior EVP & COO | no data | US$1.60m | 0.27% $ 2.5m | |
| Senior VP & Chief Accounting Officer | 9.3yrs | US$578.49k | 0.034% $ 309.3k | |
| Senior EVP & Chief Risk Officer | no data | US$680.96k | 0.068% $ 616.0k | |
| Senior Executive VP and Head of Commercial Banking & Private Banking | 1.3yrs | US$862.32k | 0.024% $ 214.0k | |
| Senior Vice President of Investor Relations & Corporate Development | 3.2yrs | no data | 0.069% $ 622.8k | |
| Senior EVP | 5.6yrs | no data | 0.060% $ 542.8k | |
| Executive VP & Chief Compliance Officer | 1.7yrs | no data | 0.023% $ 206.9k | |
| 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 | 1.3yrs | no data | 0.035% $ 317.8k |
1.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: BHLB's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.3yrs | US$2.63m | 0.27% $ 2.4m | |
| Independent Director | 2.7yrs | US$128.47k | 0.043% $ 390.0k | |
| Independent Director | 1.1yrs | US$96.43k | 0.012% $ 106.4k | |
| Independent Director | 11yrs | US$130.28k | 0.049% $ 442.8k | |
| Independent Director | 4.3yrs | US$148.86k | 0.027% $ 244.9k | |
| Independent Director | 1.3yrs | US$109.86k | 0.013% $ 116.2k | |
| Independent Chairperson | 6.8yrs | US$193.41k | 0.055% $ 498.7k | |
| Independent Director | 5yrs | US$128.28k | 0.0061% $ 55.4k | |
| Independent Director | 5yrs | US$124.28k | 0.030% $ 275.1k | |
| Independent Director | 3yrs | US$126.65k | 0.0061% $ 55.4k | |
| Independent Director | 2.4yrs | US$134.45k | 0.020% $ 179.7k | |
| Independent Director | 2.2yrs | US$121.63k | 0.016% $ 145.7k |
3.2yrs
Average Tenure
55yo
Average Age
Experienced Board: BHLB's board of directors are considered experienced (3.2 years average tenure).