Business
Beacon Financial Corporation Announces Third Quarter Results Reflecting One-Time Costs Associated with the Merger of Equals between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc.
Beacon Financial Corporation (NYSE: BBT) (the "Company") today announced a net loss of $(56.3) million, or $(0.64) per basic share, for the third quarter of 2025, compared to net income of $22.0 million, or $0.25 per basic and diluted share, for the second quarter of 2025, and $20.1 million, or $0.23 per basic and diluted share, for the third quarter of 2024.
About this update from Beacon Financial Corporation
[{"type":"text","content":"Net Loss of $(56.3) million, EPS of $(0.64) ","length":43,"tagName":"p","attribs":{}},{"type":"text","content":"Operating Earnings of $38.5 million, Operating EPS of $0.44","length":59,"tagName":"p","attribs":{}},{"type":"text","content":"Quarterly Dividend of $0.3225","length":29,"tagName":"p","attribs":{}},{"type":"text","content":"BOSTON, Oct. 29, 2025 /PRNewswire/ -- Beacon Financial Corporation (NYSE: BBT) (the "Company") today announced a net loss of $(56.3) million, or $(0.64) per basic share, for the third quarter of 2025, compared to net income of $22.0 million, or $0.25 per basic and diluted share, for the second quarter of 2025, and $20.1 million, or $0.23 per basic and diluted share, for the third quarter of 2024.","length":409,"tagName":"p"},{"type":"image","alt":"Beacon Financial Corporation Announces Third Quarter Results","displaySize":"","headline":null,"caption":"Beacon Financial Corporation Announces Third Quarter Results","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":155,"url":"https://media.zenfs.com/en/prnewswire.com/c2c9b70729fc255684a1d488baaf9250"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RIgx_d6wBuB4GKYwd.MtEQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTI3OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c2c9b70729fc255684a1d488baaf9250","width":200,"height":155}},"href":"https://mma.prnewswire.com/media/2808710/BBT_Earnings_Pres_2025_10_30.pdf?p=original","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Effective September 1, 2025, Berkshire Hills Bancorp, Inc. ("Berkshire") and Brookline Bancorp, Inc. ("Brookline") completed the previously announced merger of equals transaction (the "Merger") to create Beacon Financial Corporation, a premier Northeast financial services company. "The completion of our merger of equals represents a significant milestone as we begin our journey as Beacon Financial Corporation," commented Paul Perrault, the Company's President and Chief Executive Officer. "The expanded scale of our organization provides a solid foundation for improved profitability, increased stockholder returns and sustained growth throughout the Northeast. Our dedicated teams are collaborating on integration efforts that are proceeding as expected and will culminate with our core syst...