Every material Form 8-K Beacon Financial filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Beacon Financial reported a third-quarter net loss of $56.3 million, or $0.64 per share, compared with net income of $22.0 million, or $0.25 per share, in the second quarter. The loss reflects $129.8 million in pre-tax one-time costs tied to the merger of equals with Brookline Bancorp, which took effect September 1, 2025; excluding those costs, operating earnings were $38.5 million, or $0.44 per diluted share. The board also approved a $0.3225 quarterly dividend.
Q3 2025 net loss of $(56.3) million, or $(0.64) per basic share, versus Q2 net income of $22.0 million, or $0.25 per share
Pre-tax one-time merger costs of $129.8 million; operating earnings of $38.5 million, or $0.44 per diluted share
Quarterly dividend of $0.3225 per share, payable November 24, 2025 to stockholders of record on November 10, 2025
Conference call scheduled for 1:30 PM Eastern Time on October 30, 2025
Berkshire Hills Bancorp completed its merger of equals with Brookline Bancorp on September 1, 2025, and renamed itself Beacon Financial Corporation, with its NYSE ticker changing from BHLB to BBT. Each Brookline share converted into the right to receive 0.42 shares of Beacon common stock, and Berkshire Hills shareholders' shares were unaffected. The filing reports no financial results, and the company said its focus now turns to integrating banking systems.
Merger completed September 1, 2025; Brookline shares converted at 0.42 Beacon shares each
About 84,272,242 Beacon common shares outstanding immediately after closing
Board expanded to 16 directors; Paul A. Perrault named President and CEO
Berkshire Hills Bancorp reported second-quarter 2025 GAAP net income of $30.4 million, or $0.66 per share, versus $0.57 a year earlier, and operating earnings of $31.6 million, or $0.69 per share. The company's pending merger with Brookline Bancorp, expected to close in 2025, remains subject to regulatory approvals and customary closing conditions.
GAAP EPS was $0.66 versus $0.57 in Q2 2024; operating EPS was $0.69 versus $0.55 a year earlier and $0.60 in Q1 2025.
Total net revenue was $113.7 million; net interest margin was 3.27%, up from 3.20% a year earlier.
Efficiency ratio improved to 56.7% from 59.5% in the prior quarter and 63.4% a year earlier.
Merger with Brookline Bancorp, under an agreement dated December 16, 2024, is expected to close in 2025.
Berkshire Hills Bancorp reported first-quarter 2025 results on April 24, 2025. GAAP net income was $25.7 million, or $0.56 per diluted share, compared with a loss of $20.2 million, or $(0.47) per share, a year earlier, and operating EPS was $0.60, up 22% year over year and unchanged from the prior quarter. The company also said its proposed merger with Brookline Bancorp is expected to close in the second half of 2025, subject to regulatory and stockholder approvals.
GAAP net income of $25.7 million, or $0.56 per diluted share, versus a loss of $20.2 million, or $(0.47) per share, in Q1 2024
Operating EPS of $0.60, unchanged from Q4 2024 and up 22% year over year
Net interest margin rose 10 basis points linked quarter to 3.24%; efficiency ratio improved to 59.5%
Each Brookline share would be exchanged for 0.42 Berkshire shares; closing expected in the second half of 2025
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Beacon Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →