secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001104659-23-110429
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923110429/0001104659-23-110429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465923110429/tm2328592d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-110429

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