---
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"
generated_at: "2026-06-06T17:36:07.260521+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills reports Q4 net loss of $1.4M on securities sale; initiates $40M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-006586
- JSON: https://secwatch.observer/filing/0001104659-24-006586.json
- Plain text: https://secwatch.observer/filing/0001104659-24-006586.txt

## Key facts
- Earnings Releases
  Beacon Financial Corp reported fourth quarter ended December 31, 2023 results: net income $ (1.4 ), EPS (0.03 ).
  - Period: fourth quarter ended December 31, 2023
  - Net income: $ (1.4 )
  - EPS: (0.03 )
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/0001104659-24-006586-index.htm
- Earnings Releases
  Beacon Financial Corp reported the year ended December 31, 2023 results: net income $ 69.6, EPS 1.60.
  - Period: the year ended December 31, 2023
  - Net income: $ 69.6
  - EPS: 1.60
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/0001104659-24-006586-index.htm

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