We propose a new DSP block for use in modern high-performance FPGAs. Current DSP blocks contain fixed-bitwidth multipliers that can be combined efficiently to form larger multipliers. Our approach is similar, but includes a bypass layer following the partial product generator that exposes the compressor tree used for partial product reduction directly to the user. As a consequence, the proposed DSP block can accelerate multi-input addition operations in addition to multiplication. To increase the flexibility of the device, the partial product reduction tree used within our DSP block uses a fixed-function compression logic along with a field programmable compressor tree (FPCT), the latter of which is user-configurable to meet the needs of the application at hand. Multi-input addition operations can be mapped directly onto the FPCT without compromising any of the other functionality of the DSP block.