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

Berkshire Hills Q4 GAAP EPS falls to $0.46 from $0.88; operating EPS rises to $0.60

Mixed Impact 3 of 5 earnings Written later

Berkshire Hills Bancorp reported fourth-quarter 2024 GAAP net income of $19.7 million, or $0.46 per share, down from $37.5 million, or $0.88 per share, in the prior quarter. Operating earnings rose 5% linked quarter to $26.0 million, or $0.60 per share, but GAAP results included $6.6 million in non-operating expenses related primarily to the pending merger with Brookline Bancorp.

Key points

  • Q4 2024 GAAP EPS $0.46 vs $0.88 in Q3 2024; operating EPS $0.60, up 3% linked quarter and 28% year over year
  • Total net revenue $110.2 million in Q4 2024 vs $125.6 million in Q3 2024 and $80.0 million in Q4 2023
  • FY2024 GAAP EPS $1.43 vs $1.60 in 2023; FY2024 operating EPS $2.22, up 4%
  • Management held a conference call on January 30, 2025 to discuss results and provide guidance; the filing does not state guidance figures

The filing

CompanyBeacon Financial (BBT)
Form8-K, current report
Filed with the SECJan 30, 2025, 11:27 AM ET
Accession number0001104659-25-007466

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 January 30, 2025.

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.