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Berkshire Bank

Pittsfield, MA · Cert 23621

FDIC · 85 branches

Q2 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2025, the quarter ended June 30, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=139). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

40

Q2 2024Q2 2025peer median (50)

Asset Quality

68

Q2 2024Q2 2025peer median (50)

Profitability

51

Q2 2024Q2 2025peer median (50)

Liquidity

16

Q2 2024Q2 2025peer median

Efficiency

39

Q2 2024Q2 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Berkshire Bank

Pittsfield, MA · Cert 23621

FDIC · 85 branches

Q2 2025

$12.0BAssets
$9.5BLoans
$10.1BDeposits
$1.2BEquity
Loan mix
77%RE $5.2B22%C&I $1.5B1%Consumer $0.1BQ2 2024Q2 2025
Deposit mix
76%Interest-bearing $7.7B24%Noninterest $2.5BQ2 2024Q2 2025

NIM

4.52%Q2 ’235.16%Q2 ’245.03%Q2 ’25-4%+2%

Non-interest income vs. expense

2.35%Q2 ’232.45%Q2 ’242.29%Q2 ’25+0%-13%

Market Position · Worcester, MA · 2025 SOD (annual) · 9.7% share · #3 of 28 inst. · $2.3B of $23.7B

9.7% Worcester
35.7% Berkshire
0.3% Suffolk
8.2% Hampden

Executive Summary

  • Earnings: ROA of 0.99%, up 87 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.32% of loans (-4 bps YoY), with net charge-offs at 0.14%.
  • Capital: tier 1 leverage ratio of 10.59%, up 79 bps from a year ago.
  • Funding: loans stand at 93.71% of deposits as of Q2 2025.

Financial Results

Return on Assets (YTD, annualized)

0.99%+87 bps YoY

Net Interest Margin (YTD, annualized)

3.11%+7 bps YoY

Efficiency Ratio (YTD, annualized)

59.22%-657 bps YoY

Tier 1 Leverage Ratio

10.59%+79 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets0.12%0.51%0.60%0.91%0.99%+87 bps
Return on Equity1.39%5.83%6.82%9.66%10.39%+900 bps
Net Interest Margin3.04%3.04%3.06%3.08%3.11%+7 bps
Efficiency Ratio65.79%61.79%61.98%61.57%59.22%-657 bps
Non-Interest Burden1.83%1.60%1.62%1.67%1.60%-23 bps
Growth
Asset Growth (YoY)1.07%-4.40%-1.27%-1.05%-1.53%-260 bps
Loan Growth (YoY)5.00%3.07%3.83%3.06%1.79%-321 bps
Deposit Growth (YoY)0.12%-4.29%-1.81%-4.18%-0.33%-45 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.33%0.33%0.32%0.32%-4 bps
Net Charge-Offs / Loans0.12%0.16%0.16%0.15%0.14%+2 bps
Allowance / Loans1.20%1.21%1.22%1.24%1.23%+3 bps
Allowance Coverage of NPLs3.4x3.7x3.7x3.9x3.9x+0.5x
Capital
Tier 1 Leverage Ratio9.80%10.16%10.44%10.44%10.59%+79 bps
Total Risk-Based Capital13.29%13.66%13.78%14.15%14.24%+95 bps
Equity / Assets8.64%9.67%9.18%9.65%9.82%+117 bps
Liquidity & Funding
Loans / Deposits91.75%95.95%89.05%94.03%93.71%+196 bps
Liquid Assets / Assets12.35%8.17%11.85%9.98%9.54%-281 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Berkshire Bank

Pittsfield, MA · Cert 23621 · Peer group: banks over $10B in assets (n=139)

FDIC · 85 branches

Q2 2025

$12.0BAssets
$9.5BLoans
$10.1BDeposits
$1.2BEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 81% of banks over $10B in assets (rank 28 of 139).
  • Widest gap: equity / assets trails 71% of banks over $10B in assets (rank 99 of 139).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.00%

Rank 78 of 139

Net Interest Margin

3.11%

Rank 63 of 139

Efficiency Ratio

60.22%

Rank 86 of 139

Equity / Assets

9.82%

Rank 99 of 139

Non-interest income vs. expense

$82.5M$272.9MINCOMEEXPENSE
Unfavorable gap of $190.3M · efficiency ratio beats 39% of banks over $10B in assets
Bank 60.22%Peer median 57.3%Q2 2024Q2 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.00%0.80%1.06%1.36%Beats 44%78 / 139
Return on Equity10.16%7.36%9.66%12.40%Beats 55%62 / 139
Net Interest Margin3.11%2.66%3.05%3.43%Beats 55%63 / 139
Efficiency Ratio60.22%50.23%57.31%63.76%Beats 39%86 / 139
Asset Quality
Nonperforming Loans / Loans0.32%0.42%0.70%1.11%Beats 81%28 / 139
Net Charge-Offs / Loans0.11%0.06%0.13%0.26%Beats 55%63 / 139
Capital
Tier 1 Capital Ratio12.99%12.10%13.21%15.35%Beats 47%73 / 139
Total Risk-Based Capital Ratio14.24%13.47%14.49%16.42%Beats 45%76 / 139
Equity / Assets9.82%9.40%11.18%12.76%Beats 29%99 / 139
Liquidity & Funding
Loans / Deposits93.71%74.34%84.09%90.00%83rd pctl23 / 139
Loans / Assets79.01%59.18%68.56%74.23%91st pctl13 / 139
Brokered Deposits / Depositsn/aNot reported for this institution