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BOSTON, MA - Berkshire Hills Bancorp Inc. (NYSE:BHLB), a $1.22 billion regional bank with a solid financial health score of GOOD according to InvestingPro, has released additional information regarding its upcoming annual stockholders’ meeting. The meeting, which is set to take place on May 21, 2025, at 10:00 a.m. Eastern time, will be conducted via webcast at www.virtualshareholdermeeting.com/BHLB2025.
The announcement, disclosed in a recent 8-K filing with the Securities and Exchange Commission, provides updates on the attendance records of its board members and the participation of director nominees in the 2024 Annual Meeting of Stockholders. The company, which has maintained dividend payments for 26 consecutive years and currently offers a 2.69% dividend yield, noted that during 2024, all current directors attended at least 75% of the total number of board and committee meetings they were a part of, with the exception of Jeffrey W. Kip. Kip, who will not be standing for re-election in 2025, attended 67% of these meetings.
The bank also reported that 91% of the director nominees up for election at the 2024 Annual Meeting were in attendance. The board of directors encourages directors to attend annual stockholder meetings, and the high attendance rate reflects this commitment.
The information provided is an update to the joint proxy statement/prospectus filed on March 24, 2025, and subsequently supplemented on May 9 and May 12, 2025. The joint proxy statement/prospectus includes details about the annual meeting and the director nominees to be voted on as Proposal 4.
This additional disclosure is part of the company’s ongoing commitment to transparency with its stockholders and compliance with SEC regulations. Trading at a P/E ratio of 10.79 and showing strong returns over both the last month and five years, the bank continues to demonstrate solid performance metrics. For deeper insights into BHLB’s valuation and growth potential, InvestingPro subscribers can access comprehensive financial analysis and additional ProTips. The bank’s annual report on Form 10-K, as amended by the Amendment No. 1 on Form 10-K/A, is incorporated by reference into the Joint Proxy Statement/Prospectus and contains further information about Berkshire’s director nominees.
The filing was signed by Wm. Gordon Prescott, Senior Executive Vice President and General Counsel of Berkshire Hills Bancorp, Inc., on behalf of the registrant. The details provided in this article are based on the statements from the press release.
In other recent news, Berkshire Hills Bancorp reported strong financial results for the first quarter of 2025, surpassing earnings expectations with an earnings per share (EPS) of $0.60, compared to the forecasted $0.53. The company’s revenue reached $110.44 million, slightly above the anticipated $109.71 million. These results reflect a 32% year-over-year increase in operating net income and a 22% rise in EPS. Berkshire Hills Bancorp is also moving forward with a merger with Brookline Bancorp (NASDAQ:BRKL), anticipated to bring significant earnings accretion, with regulatory approvals expected in the third quarter. Additionally, the company provided supplemental information regarding its 2025 Stock Option and Incentive Plan, following an unfavorable recommendation from Institutional Shareholder Services. This information clarified shareholder value transfer calculations and detailed the expected vesting of performance-based awards upon the completion of the merger with Brookline Bancorp. Berkshire Hills Bancorp’s board of directors recommends shareholders vote in favor of the 2025 Plan at the upcoming annual meeting.
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