secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001104659-25-007466
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Berkshire Hills Q4 GAAP EPS $0.46, operating EPS $0.60; FY2024 operating EPS $2.22 up 4%
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- GAAP net income $19.7M ($0.46/share) vs $37.5M ($0.88) in Q3; operating earnings $26.0M ($0.60), up 3% QoQ and 28% YoY.
- Average deposits grew 3% QoQ to $9.659B; average loans rose 0.4% to $9.271B; loans/deposits ratio improved further.
- Delinquent and non-performing loans at 0.52% of total loans, lowest in nearly two decades.
- CET1 ratio 13.0%; return on tangible common equity 7.6% (operating 9.9%).
- FY2024 operating EPS $2.22 vs $2.14 in FY2023, up 4%; net interest margin (FTE) 3.14% vs 3.16% prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465925007466/0001104659-25-007466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465925007466/tm254846d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-007466

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