That's a symptom that indicates it could also be sulphated batteries. I would guess that the bank may not be able to provide as much power as before also. When batteries are cycled, as in marine use, they can develop hard sulphates which will not accept a full charge and will return a higher voltage reading, which fakes out your charger. Here's how to find out.
Get your handheld multimeter and set it so you can see batteyr voltage to at least one decimal place. Hook it up across from the main neg to the main pos terminals with everything off, including the charger. Note the reading. Now turn on some 32V lights and turn on the charger. Watch the voltage before, during and after when the charger comes on and goes off.
For example, battery bank with no consumers = 34.0
Voltage right before battery charger comes on 32.5
Voltage when the charger is running = 36.5
Voltage right before the charger turns off = 37.5
Voltage after the charger turns off = 34.5
Now you can compare these to what it should be. Your charger probably has an "on" voltage and an "off" voltage. If it's coming on and off at it's specified voltage, it's OK. If you don't know or can't find it's spec, it's probably something like that shown above, coming "on" at 32.0 to 33.0 and going "off" at 36.5 to 38.0. Chargers use voltage as a state of charge indicator, but it only works if the batteries are OK.
If the charger is doing its job but just cycling very fast, the problem is likely in the batteries. One or more could be shuphated up. To find out, get a good hydrometer and measure the specific gravity in every cell of every battery, after the charger has been off for 15 minutes or more (shut it down if necessary) and before you run any consumers. Get actual number readings for the cells.
Here's the real state of charge for any given cell, (for 80 degrees farenheit):
1265 = 100%
1250 = 85%
1200 = 55%
1150 = 20%
1100 = 0%
You can tell if the bank really has a full charge by whether all the cells are at 1265, assuming 80 degree temps. If so, you're 100% charged and no sulphation. A bank where most cells are at 1170 or so, is sulphated and would return a false high voltage (like 37.5V) when it is only 25% charged, causing your charger to shut off. Also, you can see if a cell has gone bad in one battery due to it's low reading compared to the other cells in that battery. This would cause the whole bank to not accept a full charge. As marine batteries get cycled, they slowly become sulphated and will return a false higher voltage without accepting a full charge. Then they need to be regenerated (equalized) by an intentional long charging cycle while monitoring the specific gravity of the cells until they are all brought up to around 1265 with no low cells.
As much of a hassle as this is, it can mean the difference between batteries that will run your refrigerator, lights, heads, etc. all night and all day, or a bank that runs low unexpectedly. If your charger has an equalization cycle available, it can be run without shutting off for long times without regard to voltage. Water your batteries up, run the charger full blast for hours and hours and check the cells as you're doing it. Make sure they have enough water and don't overheat as they're being equalized. When they ALL get up to 1265, you have equalized the bank, they'll hold a full charge and your charger will now go on and off normally.
If you can not get all cells up to 1265, you have a bad battery(s) which should be replaced.
Doug Shuman