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Berkshire Hills Bancorp (Berkshire Hills Bancorp) Scaled Net Operating Assets : -0.03 (As of Mar. 2024)


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What is Berkshire Hills Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Berkshire Hills Bancorp's operating assets for the quarter that ended in Mar. 2024 was $10,327.1 Mil. Berkshire Hills Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $10,678.1 Mil. Berkshire Hills Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $12,430.8 Mil. Therefore, Berkshire Hills Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.03.

Berkshire Hills Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Berkshire Hills Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(11227.577-10850.307)/11662.864
=0.03

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12430.821 - 1203.244
=11227.577

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11418.6 - 308.293 - 260
=10850.307

Berkshire Hills Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(10327.059-10678.094)/12430.821
=-0.03

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12146.611 - 1819.552
=10327.059

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11136.688 - 248.594 - 210
=10678.094

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Berkshire Hills Bancorp (Berkshire Hills Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Berkshire Hills Bancorp Inc (NYSE:BHLB) » Definitions » Scaled Net Operating Assets
Comparable Companies
FSUN OBK BY GABC SASR QCRH RBCAA OCFC PFBC PEBO NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
4I9:Germany
Address
60 State Street, Boston, MA, USA, 02109
Website
https://www.berkshirebank.com
Berkshire Hills Bancorp Inc is a holding company. It offers deposit, lending, investment, wealth management, and insurance services.
Executives
Mary Anne Callahan director 24 NORTH STREET, PITTSFIELD MA 01201
Nitin J. Mhatre director, officer: President and CEO 24 NORTH STREET, PITTSFIELD MA 01201
Karyn Polito director 24 NORTH STREET, PITTSFIELD MA 01201
Jacqueline Courtwright officer: EVP,Chief HR & Culture Officer 24 NORTH STREET, PITTSFIELD MA 01201
Kevin Conn officer: SVP, Investors & Corp. Devel 24 NORTH STREET, PITTSFIELD MA 01201
Eric S Rosengren director 24 NORTH STREET, PITTSFIELD MA 01201
Brett Brbovic officer: Sr Managing Dir and CAO 24 NORTH STREET, PITTSFIELD MA 01201
R David Rosato officer: SEVP - Chief Financial Officer 24 NORTH STREET, PITTSFIELD MA 01201
Ashlee Picard Flores officer: EVP -Chief Compliance Officer 24 NORTH STREET, PITTSFIELD MA 01201
James Cannon Brown officer: SEVP-Head of Comm'l Banking 24 NORTH STREET, PITTSFIELD MA 01201
Philip Jurgeleit officer: EVP - Chief Credit Officer 24 NORTH STREET, PITTSFIELD MA 01201
Wm Gordon Prescott officer: SEVP and General Counsel 24 NORTH STREET, PITTSFIELD MA 01201
Michael Zaitzeff director C/O HOLDCO ASSET MANAGEMENT, LP, 441 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10017
Hughes William H Iii director 24 NORTH STREET, PITTSFIELD MA 01201
Mihir A. Desai director 24 NORTH STREET, PITTSFIELD MA 01201