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AI brief of an SEC Form 8-K · Beacon Financial (BBT)

Berkshire Hills Q3 net income rises to $37.5 million, or $0.88 per share

Positive Impact 3 of 5 earnings Written later

Berkshire Hills Bancorp reported third-quarter 2024 GAAP net income of $37.5 million, or $0.88 per share, up from $19.5 million, or $0.45 per share, a year earlier and $0.57 per share in the prior quarter. Operating earnings were $0.58 per share, up from $0.50 a year earlier, and the GAAP result includes a $16.0 million non-operating gain on a branch sale. The company said it would discuss expected future results on a conference call, but the filing does not state specific guidance figures.

Key points

  • GAAP net income $37.5 million, or $0.88 per share, versus $24.0 million, or $0.57 per share, in 2Q24 and $19.5 million, or $0.45 per share, in 3Q23
  • Operating earnings $24.8 million, or $0.58 per share, versus $0.55 per share in 2Q24 and $0.50 per share in 3Q23
  • $16.0 million non-operating gain on the sale of ten New York branches, or $0.30 per share after tax
  • Net interest margin 3.16%, down from 3.20% in 2Q24; total net revenue $125.6 million versus $107.8 million in 3Q23

The filing

CompanyBeacon Financial (BBT)
Form8-K, current report
Filed with the SECOct 24, 2024, 10:07 AM ET
Accession number0001104659-24-111063

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.