Berkshire Hills Q2 EPS $0.55, up 10% YoY; loan growth 2%

Beacon Financial Corp

2023-Q2 EPS reported $1.18 revenue$223,992,000

Net income $23.9M ($0.55 EPS) vs $23.1M ($0.50 EPS) a year ago.
Period-end loans $8.88B, up 2% from prior quarter; total deposits flat at $10.07B.
Net interest margin (FTE) 3.24%, down from 3.58% in Q1; efficiency ratio 63.6%.
Net loan charge-offs decreased $1.1M; credit loss allowance increased $2.2M.
TCE ratio 7.9%, CET1 ratio 12.1%; repurchased $12M of stock during Q2.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Beacon Financial Corp reported second quarter ended June 30, 2023 results: net income $23.9, EPS $0.55.

Period: second quarter ended June 30, 2023
Net income: $23.9
EPS: $0.55
Result: reported results

Exact text from the filing

Berkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per Share

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Beacon Financial Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-082628

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