secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001104659-23-006943
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923006943/0001104659-23-006943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923006943/tm234453d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-006943

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