secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001104659-24-048742
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465924048742/0001104659-24-048742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465924048742/tm2412132d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-048742

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