---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-047535"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:11:48.907562+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Q1 net income $27.6M ($0.63/sh); average loans +5%, deposits -1%

## Summary
- Net income $27.6M ($0.63 diluted EPS); operating EPS same; down from $0.69 in Q4 2022, up from $0.42 in Q1 2022.
- Net interest margin (FTE) 3.58% vs 3.84% prior quarter; net interest income $97.5M (non-FTE).
- Average loans $8.5B (+5% linked-quarter); average deposits $9.7B (-1% quarterly).
- Tangible book value per share $21.89 (+4% from Q4); CET1 ratio 12.1%; TCE ratio 7.9%.
- Added Karyn Polito and Eric Rosengren to board of directors.

## SEC filing metadata
- accession: 0001104659-23-047535
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465923047535/0001104659-23-047535-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465923047535/tm2313279d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-047535
- JSON: https://secwatch.observer/filing/0001104659-23-047535.json
- Plain text: https://secwatch.observer/filing/0001104659-23-047535.txt

## Key facts
- Earnings Releases
  Beacon Financial Corp reported first quarter ended March 31, 2023 results: net income $27.6 million, EPS $0.63 per share.
  - Period: first quarter ended March 31, 2023
  - Net income: $27.6 million
  - EPS: $0.63 per share
  - Result: reported results
  source text: Berkshire Hills Reports First Quarter Net Income of $27.6 Million, or $0.63 per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923047535/0001104659-23-047535-index.htm

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