30.67
+0.23%
Close of 9 Nov 2026, in USD
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About Beacon Financial
From its filings with the US Securities and Exchange Commission
Beacon Financial is based in Boston, Massachusetts and is incorporated in Delaware. Its shares trade on NYSE under the ticker BBT. The SEC classifies its business as savings institutions, not federally chartered. In the fiscal year to 31 December 2024, it reported revenue of $400.0m.
Beacon Financial Corporation, a Delaware corporation, is the holding company for Beacon Bank & Trust and its subsidiaries and Clarendon Private.
The Company offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, foreign exchange services, on-line and mobile banking services, consumer and residential loans and wealth management services. Clarendon Private is a registered investment advisor with the SEC. Through Clarendon Private and the Trust and Investments Division of the Bank, the Company offers a wide range of wealth management services to individuals, families, endowments and foundations to help these clients meet their long-term financial goals.
As a full-service financial institution with 147 banking offices throughout New England and New York, the Bank and its subsidiaries focus their efforts on developing and deepening long-term banking relationships with qualified customers through a full complement of products, excellent customer service, and strong risk management.
The Company's headquarters and executive management are located at 131 Clarendon Street, Boston, Massachusetts 02116, and its telephone number is 617-425-4600.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 28 Jun 2000
- Employees
- 1,505
- Website
- ir.berkshirebank.com ↗
- Head office
- 131 CLARENDON STREET, BOSTON, MA, 02116
- Incorporated in
- DE
- Classification
- Savings Institutions, Not Federally Chartered
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. David BrunelleIndependent Chairman of the Board$193,420
- Mr. Paul PerraultPresident, Chief Executive Officer, Director, since 2025
- Mr. Carl CarlsonChief Financial and Strategy Officer
- Mr. Sean GraySenior Executive Vice President, Chief Operating Officer, President - Berkshire Bank$1.8m
- Ms. Jacqueline CourtwrightSenior Executive Vice President, Chief Human Resources and Culture Officer
- Mr. James BelliveauExecutive Vice President, Chief Information & Electronic Banking Officer
- Ms. Ashlee FloresExecutive Vice President, Chief Compliance Officer
- Wm. Gordon PrescottSenior Executive Vice President, General Counsel and Corporate Secretary
- Mr. James BrownSenior Executive Vice President, Head of Commercial Banking$1.2m
- Mr. Gregory LindenmuthSenior Executive Vice President, Chief Risk Officer, since 2018$723,914
- Mr. Andrew PlumridgeExecutive Vice President, Chief Internal Audit Officer
- Ms. Ellen SteinfeldSenior Executive Vice President, Head - Consumer Lending and Payments
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 60
- Environment
- 42
- Social
- 80
- Governance
- 59
- Direct emissions (scope 1)
- 1,989.8 t
- Energy emissions (scope 2)
- 0 t
- Value chain emissions (scope 3)
- 153.1 t
- Women in the workforce
- 66%
- Carbon reduction policy
- Yes
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Berkshire Hills Bancorp Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong financial position with steady revenue growth and a healthy balance sheet. This provides stability and the ability to invest in growth opportunities.
- Additionally, Berkshire Hills Bancorp Inc has a diverse portfolio of banking products and services. This enables the company to cater to a wide range of customer needs and ensures a steady stream of revenue from different sources.
- Furthermore, the company has built a strong reputation in the market for its excellent customer service. This has resulted in a loyal customer base and positive word-of-mouth recommendations, giving Berkshire Hills Bancorp Inc a competitive advantage.
Weaknesses
- Despite its strengths, Berkshire Hills Bancorp Inc also has a few weaknesses that it needs to address. One weakness is the company's relatively small market presence compared to larger competitors. This limits its ability to capture a larger market share and compete on a national level.
- Additionally, Berkshire Hills Bancorp Inc may face challenges in integrating acquisitions effectively. Rapid expansion through acquisitions can create difficulties in aligning cultures and systems, which can impact operational efficiency.
Opportunities
- There are several opportunities that Berkshire Hills Bancorp Inc can capitalize on to drive future growth. One opportunity is the increasing trend towards digital banking and online transactions. By investing in technology and enhancing its digital banking capabilities, the company can attract tech-savvy customers and expand its customer base.
- Furthermore, Berkshire Hills Bancorp Inc can explore potential expansion into new geographical markets. This would allow the company to diversify its revenue sources and reduce its dependence on a single market.
Threats
- In any industry, there are threats that can hinder business performance. One major threat for Berkshire Hills Bancorp Inc is intense competition from well-established national and regional banks. This competition puts pressure on pricing and customer acquisition, potentially affecting profitability.
- Additionally, economic downturns and uncertain market conditions can pose a threat to Berkshire Hills Bancorp Inc. A recession or financial crisis can lead to reduced loan demand, higher credit losses, and increased regulatory scrutiny, impacting the overall performance of the company.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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