secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001104659-25-038435
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Berkshire Hills Q1 GAAP EPS $0.56, Operating EPS $0.60; NIM expands to 3.24%
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- Net income $25.7M vs $19.7M in Q4 and $(20.2M) in Q1 2024; operating EPS up 22% YoY to $0.60.
- Net interest margin (FTE) 3.24%, up 10 bp sequentially; efficiency ratio 59.5%, best in two years.
- Delinquent and non-performing loans to total loans fell to 0.42%, lowest in nearly 20 years.
- Operating revenue up 5% YoY; operating non-interest expense down 6% YoY.
- Average loans $9.39B, deposits $9.85B; period-end deposits $9.88B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465925038435/0001104659-25-038435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465925038435/tm2513041d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-038435

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