---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-110429"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:04:26.036000+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Q3 net income $20M ($0.45 EPS); operating EPS $0.50, avg loans +2%

## Summary
- Operating earnings of $21.5M ($0.50/share); GAAP net income $19.5M ($0.45) vs $23.9M ($0.55) prior quarter.
- Net interest margin (FTE) 3.18%, down from 3.24% in Q2 and 3.48% a year ago; net interest income $90.3M.
- Average loans grew 2% linked quarter to $8.95B; average deposits +1% to $9.63B.
- TCE ratio 7.7%, CET1 ratio 12.1%; common stock buybacks totaled $4M during the quarter.
- Efficiency ratio 65.1%; net charge-offs decreased $0.3M linked quarter.

## SEC filing metadata
- accession: 0001104659-23-110429
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465923110429/0001104659-23-110429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465923110429/tm2328592d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-110429
- JSON: https://secwatch.observer/filing/0001104659-23-110429.json
- Plain text: https://secwatch.observer/filing/0001104659-23-110429.txt

## Key facts
- Earnings Releases
  Beacon Financial Corp reported third quarter ended September 30, 2023 results: net income $20 million, EPS $0.45 Earnings per Share.
  - Period: third quarter ended September 30, 2023
  - Net income: $20 million
  - EPS: $0.45 Earnings per Share
  - Result: reported results
  source text: Berkshire Hills Reports Third Quarter Net Income of $20 Million, or $0.45 Earnings per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923110429/0001104659-23-110429-index.htm
- Earnings Releases
  Beacon Financial Corp reported Three Months Ended Sep. 30, 2023 results: net income $ 19.5, EPS 0.45.
  - Period: Three Months Ended Sep. 30, 2023
  - Net income: $ 19.5
  - EPS: 0.45
  - Result: reported results
  source text: Net income $ 19.5 $ 23.9 $ 18.7 Per share 0.45 0.55 0.42
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923110429/0001104659-23-110429-index.htm

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