Beacon Financial Corporation reported a net loss of $56.3 million, or $0.64 per basic share, for the third quarter of 2025. This compares 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. Operating earnings for the third quarter of 2025 were $38.5 million, with operating earnings per share of $0.44. The quarterly dividend was $0.32 per share. The financial results for the third quarter of 2025 reflect pre-tax one-time costs of $129.8 million related to the completed merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, which created Beacon Financial Corporation. The merger became effective on September 1, 2025. For the three months ended September 30, 2025, the results include one month of combined company activity and two months of legacy Brookline standalone results. Net interest income increased by $43.9 million to $132.6 million for the third quarter of 2025 from $88.7 million in the previous quarter. The net interest margin rose 40 basis points to 3.7 percent compared to 3.3 percent in the previous quarter. As of September 30, 2025, the ratio of tangible stockholders' equity to tangible assets was 8.4 percent, and tangible book value per common share was $22.20. The company expects the core system conversion and rollout of the Beacon Bank brand in early 2026.