secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001104659-23-047535
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923047535/0001104659-23-047535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923047535/tm2313279d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-047535

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