---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-006943"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:50:35.124981+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Q4 2022 EPS $0.69, 64% YoY increase; NIM expands to 3.84%

## Summary
- Q4 2022 GAAP EPS $0.69 (record), up 64% YoY; adjusted EPS $0.64, up 52%.
- Net interest margin 3.84% vs 2.60% in Q4 2021; net interest income up 11% QoQ.
- Total loans grew 5% QoQ and 22% YoY; deposits up 3% QoQ; non-performing loan ratio 0.60%.
- Board authorized $50M share repurchase program for 2023; quarterly dividend increased 50% in Q4.
- Provision for credit losses $12M in Q4 driven by one C&I credit that filed for bankruptcy.

## SEC filing metadata
- accession: 0001104659-23-006943
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465923006943/0001104659-23-006943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465923006943/tm234453d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-006943
- JSON: https://secwatch.observer/filing/0001104659-23-006943.json
- Plain text: https://secwatch.observer/filing/0001104659-23-006943.txt

## Key facts
- Earnings Releases
  Beacon Financial Corp reported fourth quarter and year ended December 31, 2022 results: EPS $0.69.
  - Period: fourth quarter and year ended December 31, 2022
  - EPS: $0.69
  - Result: reported results
  source text: On January 26, 2023, Berkshire Hills Bancorp, Inc. (the “Company”), the holding company for Berkshire Bank (the “Bank”), announced its financial results for the fourth quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923006943/0001104659-23-006943-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.