secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001104659-24-006586
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/0001104659-24-006586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465924006586/tm244071d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-006586

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer