secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001104659-23-082628
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923082628/0001104659-23-082628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923082628/tm2321676d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-082628

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