secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001108134-25-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beacon Financial reports Q3 net loss of $56.3M on $129.8M merger costs; operating EPS $0.44
--------------------------------------------------------------------------------

- Net loss of $56.3M ($0.64/sh) reflects $129.8M pre-tax merger costs ($51.9M expenses + $77.9M provision).
- Operating earnings (non-GAAP) of $38.5M or $0.44 per diluted share.
- Merger of equals between Berkshire Hills and Brookline closed Sept 1; combined assets $22.8B.
- Quarterly dividend $0.3225/sh declared, payable Nov 24 to holders of record Nov 10.
- NPL ratio improved to 0.54% (from 0.65% QoQ); net charge-offs rose to $15.9M from $5.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110813425000017/0001108134-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110813425000017/bbt-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001108134-25-000017

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