---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-080743"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:31:09.497886+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Q2 net income $24.0M, operating EPS $0.55 up 12% linked quarter

## Summary
- Net income $24.0M ($0.57 diluted EPS) vs prior Q1 net loss of $20.2M; operating EPS $0.55 ($0.49 in Q1).
- Net interest margin (FTE) 3.20%, up 5 bps linked quarter; NII (FTE) $90.5M.
- Operating revenue up 3% linked quarter; operating expense down 2% linked quarter.
- Net loan charge-offs annualized 7 bps; average loans $9.214B (+2% linked quarter).
- Efficiency ratio improved to 63.4% from 66.3% in prior quarter.

## SEC filing metadata
- accession: 0001104659-24-080743
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465924080743/0001104659-24-080743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465924080743/tm2419702d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-080743
- JSON: https://secwatch.observer/filing/0001104659-24-080743.json
- Plain text: https://secwatch.observer/filing/0001104659-24-080743.txt

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