Highest-materiality recent filing
Beacon Financial issues $175M subordinated notes; redeems $75M 2029 notes
Issued $175M 6.25% fixed-to-floating subordinated notes due 2036; net proceeds ~$171.8M.
Beacon Financial furnishes Q3 2026 investor deck; no new financials disclosed
Investor presentation dated August 13, 2026 furnished for use in Q3 2026 investor and analyst meetings.
Wm. Gordon Prescott retired as General Counsel and Corporate Secretary effective July 31, 2026, after more than 18 years of service.
Net income $64.4M ($0.77 diluted EPS) vs $22.0M ($0.25) in Q2 2025 and $46.2M ($0.55) in Q1 2026.
Directors may be removed with or without cause by majority vote under Delaware law, despite existing charter provision.
All 16 director nominees elected with majority support; broker non-votes of 7,596,528 per nominee.
Beacon Financial receives Fed non-objection for $50M stock buyback
Federal Reserve issued notice of non-objection for Beacon Financial's stock repurchase program.
Net income $46.2M ($0.55 diluted EPS) vs $53.4M ($0.64) in Q4 2025 and $19.1M ($0.21) in Q1 2025.
Beacon Financial Q4 net income $53.4M, EPS $0.64; declares $0.3225 dividend
Net income $53.4M ($0.64 diluted EPS) vs. net loss in prior quarter; operating EPS $0.79.
Beacon Financial completes merger with Brookline; pro forma assets $23.5B
Pro forma combined total assets of $23.5B at June 30, 2025; loans $18.7B, deposits $18.9B.
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).
Merger of equals with Brookline Bancorp closed Sept 1, 2025; Company renamed Beacon Financial Corp.
Beacon Financial completes merger of equals with Brookline Bancorp; combined assets $24B
Merger effective Sept 1, 2025; combined company has ~$24B in assets, 145+ branches, and $3B AUM.
Berkshire Hills & Brookline receive all regulatory approvals for merger; close expected Sept 1
Approvals from Federal Reserve, NY DFS, MA DOB, and RI DBR in hand; stockholder votes obtained May 21.
Berkshire Hills and Brookline name combined company Beacon Financial Corp, ticker BBT
Combined holding company to be Beacon Financial Corporation (NYSE: BBT); bank named Beacon Bank & Trust (d/b/a Beacon Bank).
Berkshire Hills Bancorp declares $0.18 quarterly dividend, record Aug 14
Quarterly cash dividend of $0.18 per common share approved by Board.
Berkshire Hills Q2 2025: GAAP EPS $0.66, Operating EPS $0.69, growth across metrics
GAAP EPS $0.66; operating EPS $0.69, up 15% linked quarter and 25% year over year.
Shareholders approve Brookline merger share issuance; all proposals pass at annual meeting
Proposal 1 (Brookline merger share issuance) passed: 35.9M for, 0.6M against, 66k abstentions.
Berkshire Hills discloses director attendance; Kip not seeking re-election
Jeffrey W. Kip, not standing for re-election in 2025, attended 67% of 2024 board/committee meetings.
44,400 stock options outstanding, weighted avg exercise price $26.65, remaining term 0.93 years.
Berkshire Hills provides supplemental merger disclosures in response to shareholder lawsuits
Received four demand letters and two shareholder suits (Walsh, Clark) alleging proxy omissions between Apr 12 and May 8.
Berkshire Hills Bancorp declares $0.18 quarterly dividend
Board approved a quarterly cash dividend of $0.18 per common share.
Berkshire Hills Q1 GAAP EPS $0.56, Operating EPS $0.60; NIM expands to 3.24%
Net income $25.7M vs $19.7M in Q4 and $(20.2M) in Q1 2024; operating EPS up 22% YoY to $0.60.
Berkshire Hills Bancorp declares $0.18 quarterly dividend
Quarterly cash dividend of $0.18 per common share announced.
Berkshire Hills Q4 GAAP EPS $0.46, operating EPS $0.60; FY2024 operating EPS $2.22 up 4%
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.
Completed sale of 3,448,275 shares at $29.00 per share for total $100M to institutional accredited investors on Dec 19, 2024.
Merger consideration: each Brookline share exchanges for 0.42 Berkshire common share; fractional shares paid in cash.
Berkshire Hills Bancorp declares $0.18 quarterly dividend, payable Nov 27
Quarterly cash dividend of $0.18 per common share declared.
Berkshire Hills Q3 net income $37.5M ($0.88 EPS); operating EPS $0.58 up 16% YoY
Net income $37.5M, EPS $0.88; operating EPS $0.58, up 5% linked and 16% YoY.
Berkshire Hills sells $46.5M Upstart loans at loss; completes sale of 10 NY branches
Upstart loan sale: $46.5M book value sold at 96%, net charge-off $1.9M.
Berkshire Hills Bancorp declares $0.18 quarterly dividend payable Oct 10
Quarterly cash dividend of $0.18 per common share declared.
Berkshire Hills Q2 net income $24.0M, operating EPS $0.55 up 12% linked quarter
Net income $24.0M ($0.57 diluted EPS) vs prior Q1 net loss of $20.2M; operating EPS $0.55 ($0.49 in Q1).
Berkshire Hills declares $0.18 quarterly dividend payable June 28
Quarterly cash dividend of $0.18 per common share approved by Board.
All 11 director nominees elected, say-on-pay approved at Berkshire annual meeting
Quorum of ~91% of outstanding shares present; all proposals received at least 96% shareholder support.
Berkshire Hills Bancorp names Brett Brbovic as CFO, replacing R. David Rosato
CFO R. David Rosato steps down effective June 14, 2024, to pursue other interests.
Berkshire Hills Q1 net loss $20.2M ($0.47/sh); $362M securities sale triggers $49.9M loss
Net loss of $20.2M ($0.47 per share) vs. year-ago net income of $27.6M ($0.63).
CEO Nitin Mhatre gets new 3-year contract with lump-sum severance of base+bonuses for remaining term
New three-year employment agreement for CEO Nitin Mhatre, effective Jan 21, 2024, replaces prior 2021 agreement.
Berkshire Hills declares $0.18 quarterly dividend, payable April 4, 2024
Quarterly cash dividend of $0.18 per common share approved by Board.
Berkshire Hills posts investor presentation slides on IR website
Investor presentation slides posted on ir.berkshirebank.com on March 4, 2024.
Berkshire Hills selling 10 NY branches with $485.5M in deposits; branch count to 86
Sales to Hudson Valley Credit Union (8 branches), Glens Falls National Bank (1), Pathfinder Bank (1).
Berkshire Hills posts investor presentation slides on IR website Feb 14, 2024
Company posted presentation slides on ir.berkshirebank.com on February 14, 2024.
Berkshire Hills sets annual meeting for May 16, 2024; record date March 21
Annual Meeting scheduled for May 16, 2024 at 10:00 a.m. in Pittsfield, MA.
Berkshire Hills reports Q4 net loss of $1.4M on securities sale; initiates $40M buyback
Q4 net loss $1.4M ($0.03/sh); operating earnings $20.2M ($0.47/sh).
Berkshire Hills Bancorp declares $0.18 quarterly dividend payable Nov 30
Quarterly cash dividend of $0.18 per common share approved by Board of Directors.
Berkshire Hills posts investor presentation slides; no material updates
Investor presentation slides posted on company's IR website on November 1, 2023.
Berkshire Hills Q3 net income $20M ($0.45 EPS); operating EPS $0.50, avg loans +2%
Operating earnings of $21.5M ($0.50/share); GAAP net income $19.5M ($0.45) vs $23.9M ($0.55) prior quarter.
Berkshire Hills Bancorp appoints Mary Anne Callahan to board as independent director
Mary Anne Callahan elected to board effective September 13, 2023; also appointed to Berkshire Bank board.
Berkshire Hills declares quarterly dividend of $0.18 per share
Quarterly cash dividend of $0.18 per common share approved by Board.
Berkshire Hills Q2 EPS $0.55, up 10% YoY; loan growth 2%
Net income $23.9M ($0.55 EPS) vs $23.1M ($0.50 EPS) a year ago.
Berkshire Hills allocates $100M sustainability bond proceeds to housing, green buildings, inclusion
41% ($41M) allocated to 330 affordable/workforce housing units in MA, NY, CT for households at or below 60-80% AMI.
the retirement of Wm. Gordon Prescott as General Counsel and Corporate Secretary effective as of July 31, 2026.
the appointment of John B. Eagan as General Counsel and Corporate Secretary effective as of August 1, 2026.
The Company and Berkshire Bank have appointed Brett Brbovic, age 43, as Executive Vice President and Chief Financial Officer, effective June 14, 2024.
R. David Rosato, Chief Financial Officer of the Company and the Bank, has decided to step down to pursue other interests.
On September 13, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Mary Anne Callahan to the Board of Directors of the Company, effective immediately.
On April 5, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Eric S. Rosengren to the Board of Directors of the Company, effective immediately.
On February 2, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Karyn Polito to the Board of Directors of the Company, effective immediately.
On January 25, 2023, the Company announced the hiring of David Rosato, age 61, as Senior Executive Vice President and Chief Financial Officer of the Company and of the Bank effective February 6, 2023.
On January 25, 2023, Berkshire Hills Bancorp, Inc. (the “Company”) announced the hiring of David Rosato, age 61, as Senior Executive Vice President and Chief Financial Officer of the Company and of Berkshire Bank (the “Bank”) effective February 6, 2023.
he will transition from his current position to Director–Commercial/Enterprise Sales Management reporting to Sean Gray, Bank President, effective January 1, 2023 through December 2023, at which time he will retire
The Company and Berkshire Bank have appointed Senior Vice President and Chief Accounting Officer Brett Brbovic, age 42, as Interim Chief Financial Officer, effective October 7, 2022
Subhadeep Basu, Chief Financial Officer of the Company and the Bank, has resigned effective October 7, 2022, for personal reasons and to subsequently pursue other career interests.
Max materiality 0.90 · Median 0.55 · Most common event earnings