Berkshire Hills Q2 net income $24.0M, operating EPS $0.55 up 12% linked quarter

Beacon Financial Corp

2024-Q2 EPS reported $0.09 revenue$164,206,000

Net income $24.0M ($0.57 diluted EPS) vs prior Q1 net loss of $20.2M; operating EPS $0.55 ($0.49 in Q1).
Net interest margin (FTE) 3.20%, up 5 bps linked quarter; NII (FTE) $90.5M.
Operating revenue up 3% linked quarter; operating expense down 2% linked quarter.
Net loan charge-offs annualized 7 bps; average loans $9.214B (+2% linked quarter).
Efficiency ratio improved to 63.4% from 66.3% in prior quarter.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.