Every 8-K that Beacon Financial Corporation (BBT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BBT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BBT filings page.
Beacon Financial Corporation (BBT) has issued $175,000,000 aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 under an existing automatic shelf registration. The Notes are unsecured, subordinated obligations intended to qualify as Tier 2 capital under Federal Reserve capital regulations.
The Notes mature on September 1, 2036. From issuance to, but excluding, September 1, 2031, they bear a fixed interest rate of 6.25%, payable semi-annually on March 1 and September 1, starting March 1, 2027. Thereafter, the rate resets quarterly to a benchmark rate (expected to be Three-Month Term SOFR) plus 215 basis points, with interest paid quarterly.
Beacon estimates net proceeds of approximately $171.8 million, which it intends to use, together with cash on hand if needed, to redeem its outstanding $75 million aggregate principal amount of 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029 on September 15, 2026 at 100% of principal plus accrued interest, and for general corporate purposes.
Beacon Financial Corporation furnished an investor presentation as of August 13, 2026 for use by management in meetings with investors, analysts, and other interested parties during the third quarter of 2026. The materials are provided as an exhibit under a Regulation FD disclosure.
The company states that this information, including the investor presentation attached as Exhibit 99.1, is being furnished rather than filed, so it is not subject to certain liabilities under the Securities Exchange Act of 1934 and is not automatically incorporated by reference into other securities law filings.
Beacon Financial Corporation announced a planned leadership transition, with longtime General Counsel and Corporate Secretary Wm. Gordon Prescott retiring effective July 31, 2026, and John B. Eagan assuming the General Counsel and Corporate Secretary roles on August 1, 2026. Eagan, previously Deputy General Counsel and Assistant Secretary, will join the Executive Management Committee and oversee all legal affairs for the company and Beacon Bank.
The board also adopted an Equity Award Treatment upon Retirement (Good Leaver) Policy for Management Committee members and selected key employees, designed to support succession planning and talent development. Subject to committee approval and conditions, eligible retirees may receive continued vesting of certain equity awards if they sign a release and reaffirm non‑competition, non‑solicitation and confidentiality covenants. Retirement generally requires age plus years of continuous service of at least 65 and a minimum of 5 years of continuous service, with committee discretion. Beacon Financial is a regional bank holding company with $22.3 billion in assets and more than 145 branches in New England and New York.
Beacon Financial Corporation reported strong second-quarter 2026 results, with net income of $64.4 million, or $0.77 per share, up from $46.2 million ($0.55 per share) in the first quarter and $22.0 million ($0.25 per share) a year earlier. Net interest income rose to $193.2 million and the net interest margin increased to 3.81%. Total non-interest income grew to $26.0 million, while non-interest expense fell to $127.3 million as merger and restructuring costs dropped to zero. The efficiency ratio was 58.06% and the core efficiency ratio was 54.26%.
Total assets were $22.3 billion at June 30, 2026, with total loans and leases of $17.8 billion and total deposits of $18.5 billion. The ratio of stockholders’ equity to total assets was 11.41%, and tangible stockholders’ equity to tangible assets was 9.25%, while tangible book value per share increased to $23.98. Asset quality remained controlled, with nonperforming loans and leases at 0.86% of total loans, nonperforming assets at 0.70% of total assets, an allowance for loan and lease losses of 1.34% of loans, and annualized net charge-offs of 0.32%. The Board approved a regular quarterly dividend of $0.3225 per share, payable August 28, 2026 to stockholders of record on August 14, 2026.
Beacon Financial Corporation states that its directors may be removed, with or without cause, by the affirmative vote of at least a majority of the voting power of all outstanding shares entitled to vote in director elections, consistent with Section 141(k) of the Delaware General Corporation Law. The Board of Directors plans to propose an amendment to the certificate of incorporation at the next annual meeting of stockholders to reflect this removal standard. The Board also states it does not believe calling a special stockholder meeting solely to amend the charter is in stockholders’ best interests due to the associated costs.
Beacon Financial Corporation reported the results of its annual shareholder meeting held on May 13, 2026. All sixteen director nominees listed in the company’s proxy statement were elected to one-year terms, with individual support levels generally above 95% of votes cast for directors.
Stockholders also ratified the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 66,088,120 votes for, 1,319,591 against, and 69,603 abstentions. In addition, shareholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 35,782,771 votes for, 23,800,639 against, 297,386 abstentions, and 7,596,528 broker non-votes.
Beacon Financial Corporation announced that it received a notice of non-objection from the Board of Governors of the Federal Reserve for its previously adopted stock repurchase program. This regulatory clearance allows the company to move forward with buying back its own shares.
Under the program, Beacon Financial may repurchase up to $50 million of its outstanding common stock. Repurchases can occur from time to time between May 5, 2026 and May 4, 2027 through open market or negotiated transactions at prevailing market prices, in accordance with federal securities laws.
Beacon Financial Corporation reported first quarter 2026 net income of $46.2 million, or $0.55 per share, up sharply from $19.1 million a year earlier but down from $53.4 million in the prior quarter. Operating earnings were $58.4 million, or $0.70 per share, excluding $13.0 million of merger and restructuring costs as integration of its merger of equals continues.
Total assets were $22.2 billion, with loans of $17.9 billion and deposits of $18.3 billion, reflecting seasonal and payroll-related deposit outflows and lower cash balances. The net interest margin was 3.78%, down 4 basis points from the prior quarter as loan yields and earning assets declined slightly.
Asset quality weakened: nonperforming loans rose to 0.83% of total loans and leases, and net charge-offs increased to $13.6 million, or 0.30% of average loans and leases. The allowance for loan and lease losses was 1.36% of total loans and leases. Return on average assets was 0.84%, and return on average tangible stockholders’ equity was 9.30%.
The Board declared a regular quarterly dividend of $0.3225 per share, payable May 29, 2026, and approved a $50 million stock repurchase program, subject to regulatory approval. Tangible book value per common share increased to $23.48, and tangible stockholders’ equity to tangible assets was 9.07%.
Beacon Financial Corporation reported its earnings for the quarter ended December 31, 2025 through a press release issued on January 28, 2026. The Board approved a regular quarterly dividend of $0.3225 per share, payable on February 27, 2026 to stockholders of record on February 13, 2026. The company also made an accompanying investor presentation available on its website, providing additional detail on its results and outlook, and furnished both the earnings release and the presentation as exhibits to this report.
Beacon Financial Corporation, formerly Berkshire Hills Bancorp, filed Amendment No. 1 to a prior Form 8-K to add detailed financial information related to its completed merger of equals with Brookline Bancorp. The filing supplies Brookline’s audited financial statements for the years ended December 31, 2024 and 2023, interim statements for the six months ended June 30, 2025, and unaudited pro forma combined financial data showing the merged company as a reverse acquisition of Berkshire by Brookline. The amendment also reiterates that the company has changed its name to Beacon Financial Corporation and its New York Stock Exchange ticker symbol to BBT, and notes that no other changes were made to the original report.
Beacon Financial Corporation announced third‑quarter results and declared a regular quarterly dividend of $0.3225 per share. The dividend is payable on November 24, 2025 to stockholders of record on November 10, 2025. The company also released an earnings press release and posted an investor presentation on its website, providing additional details on the quarter.