Berkshire Hills Bancorp Management
Management criteria checks 4/4
Berkshire Hills Bancorp's CEO is Nitin Mhatre, appointed in Jan 2021, has a tenure of 3.92 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 $3.27M. The average tenure of the management team and the board of directors is 3 years and 3.3 years respectively.
Key information
Nitin Mhatre
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 31.7% |
| CEO tenure | 3.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
Berkshire Hills Bancorp (NYSE:BHLB) Is Paying Out A Dividend Of $0.18
Nov 07
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 06Berkshire 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 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 below average for companies of similar size in the US market ($USD5.54M).
Compensation vs Earnings: Nitin's compensation has been consistent with company performance over the past year.
CEO
Nitin Mhatre (53 yo)
3.9yrs
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 | 3.9yrs | US$2.63m | 0.27% $ 3.3m | |
| Chief Accounting Officer | 9.9yrs | US$578.49k | 0.049% $ 584.9k | |
| Senior EVP & COO | no data | US$1.60m | 0.27% $ 3.3m | |
| Senior EVP & Chief Risk Officer | no data | US$680.96k | 0.069% $ 825.8k | |
| Senior Executive VP and Head of Commercial Banking & Private Banking | 1.9yrs | US$862.32k | 0.024% $ 286.9k | |
| Senior Vice President of Investor Relations & Corporate Development | 3.8yrs | no data | 0.069% $ 834.7k | |
| Senior EVP | 6.2yrs | no data | 0.060% $ 727.5k | |
| Executive VP & Chief Compliance Officer | 2.3yrs | no data | 0.023% $ 277.4k | |
| 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 | 1.9yrs | no data | 0.035% $ 426.0k | |
| Capital Markets Director | no data | no data | no data |
3.0yrs
Average Tenure
54.5yo
Average Age
Experienced Management: BHLB's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.9yrs | US$2.63m | 0.27% $ 3.3m | |
| Independent Director | 3.3yrs | US$128.47k | 0.043% $ 522.8k | |
| Independent Director | 1.3yrs | US$36.38k | 0.070% $ 839.6k | |
| Independent Director | 1.7yrs | US$96.43k | 0.012% $ 142.7k | |
| Independent Director | 11.6yrs | US$130.28k | 0.049% $ 593.6k | |
| Independent Director | 4.8yrs | US$148.86k | 0.027% $ 328.2k | |
| Independent Director | 1.8yrs | US$109.86k | 0.013% $ 155.8k | |
| Independent Chairperson | 7.3yrs | US$193.41k | 0.055% $ 668.5k | |
| Independent Director | 5.6yrs | US$124.28k | 0.031% $ 368.8k | |
| Independent Director | 3yrs | US$134.45k | 0.020% $ 241.0k | |
| Independent Director | 2.8yrs | US$121.63k | 0.016% $ 195.3k |
3.3yrs
Average Tenure
60yo
Average Age
Experienced Board: BHLB's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 19:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Berkshire Hills Bancorp, Inc. is covered by 15 analysts. 5 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 |