---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-048742"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:07:22.022168+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Q1 net loss $20.2M ($0.47/sh); $362M securities sale triggers $49.9M loss

## Summary
- Net loss of $20.2M ($0.47 per share) vs. year-ago net income of $27.6M ($0.63).
- Operating earnings of $20.9M ($0.49 per share), roughly flat year-over-year.
- Securities sale of $362M resulted in $49.9M net non-operating loss ($0.89 per share after-tax).
- Net interest margin (FTE) 3.15%, down from 3.58% a year ago; net loan charge-offs 18 bps annualized.
- Tangible common equity ratio 8.2%, CET1 ratio 11.6%; tangible book value per share $22.84.

## SEC filing metadata
- accession: 0001104659-24-048742
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465924048742/0001104659-24-048742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465924048742/tm2412132d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-048742
- JSON: https://secwatch.observer/filing/0001104659-24-048742.json
- Plain text: https://secwatch.observer/filing/0001104659-24-048742.txt

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