secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001104659-24-111063
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Berkshire Hills Q3 net income $37.5M ($0.88 EPS); operating EPS $0.58 up 16% YoY
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- Net income $37.5M, EPS $0.88; operating EPS $0.58, up 5% linked and 16% YoY.
- Non-operating gain of $16M from branch sale contributed $0.30 after-tax per share.
- Net interest margin (FTE) 3.16%; operating revenue up 1% linked and 2% YoY.
- Return on tangible common equity 14.8%; operating return 9.9%.
- Loans $9.21B, deposits $9.58B at quarter end; efficiency ratio 63.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465924111063/0001104659-24-111063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465924111063/tm2426749d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-111063

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