---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-082628"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:22:49.770725+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-082628
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465923082628/0001104659-23-082628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465923082628/tm2321676d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-082628
- JSON: https://secwatch.observer/filing/0001104659-23-082628.json
- Plain text: https://secwatch.observer/filing/0001104659-23-082628.txt

## Key facts
- Earnings Releases
  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
  source text: Berkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923082628/0001104659-23-082628-index.htm

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