{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-006586","form_type":"8-K","ticker":"BBT","cik":"0001108134","company_name":"Beacon Financial Corp","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.381223+00:00","generated_at":"2026-06-06T17:36:07.260521+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Berkshire Hills reports Q4 net loss of $1.4M on securities sale; initiates $40M buyback","bullets":["Q4 net loss $1.4M ($0.03/sh); operating earnings $20.2M ($0.47/sh).","Net interest margin 3.11%; net interest income $88.4M (non-FTE).","Securities sale of $267M resulted in $25.1M pre-tax non-operating loss.","Tangible book value $22.82, up 7% QoQ; CET1 ratio 12.0%.","Board approved $40M stock repurchase program through Dec 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-006586","json":"https://secwatch.observer/filing/0001104659-24-006586.json","markdown":"https://secwatch.observer/filing/0001104659-24-006586.md","text":"https://secwatch.observer/filing/0001104659-24-006586.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/0001104659-24-006586-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/tm244071d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:36:07.260521+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"21b6422ae41e3f2a4cb4c212b45cac6b3c76e82a","claim":"Beacon Financial Corp reported fourth quarter ended December 31, 2023 results: net income $ (1.4 ), EPS (0.03 ).","evidence_excerpt":"Dec.31, 2023 Sep. 30, 2023 Dec. 31, 2022 Dec.31, 2023 Dec. 31, 2022 Net (loss) income $ (1.4 ) $ 19.5 $ 30.5 $ 69.6 $ 92.5 Per share (0.03 ) 0.45 0.69 1.60 2.02","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/0001104659-24-006586-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Net income","value":"$ (1.4 )"},{"label":"EPS","value":"(0.03 )"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b26e6558823851b2168245833f452f5eb7a053a9","claim":"Beacon Financial Corp reported the year ended December 31, 2023 results: net income $ 69.6, EPS 1.60.","evidence_excerpt":"Dec.31, 2023 Sep. 30, 2023 Dec. 31, 2022 Dec.31, 2023 Dec. 31, 2022 Net (loss) income $ (1.4 ) $ 19.5 $ 30.5 $ 69.6 $ 92.5 Per share (0.03 ) 0.45 0.69 1.60 2.02","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/0001104659-24-006586-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$ 69.6"},{"label":"EPS","value":"1.60"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}