Beacon Financial Corp 2025年度报告

FORM 11-K FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR PLANSPURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACTOF1934. For the Fiscal Year EndedDecember 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF1934.For the transition period from _______________ to _______________ Commission File Number 001-15781 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Berkshire Bank 401(k) Plan B: Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Beacon Financial Corporation131 Clarendon StreetBoston, Massachusetts 02116 BERKSHIRE BANK 401(k) PLAN TABLE OF CONTENTS BERKSHIRE BANK 401(k) PLANFinancial Statements and Supplemental ScheduleYears Ended December 31, 2025 and 2024The following financial information is submitted herewith:PageReport of Independent Registered Public Accounting Firm - PKF O’Connor Davies, LLP1Report of Independent Registered Public Accounting Firm - Crowe LLP2Statements of Net Assets Available for BenefitsAs of December 31, 2025 and 20243Statements of Changes in Net Assets Available for Benefits4For the Years Ended December 31, 2025 and 2024Notes to Financial Statements5-12Supplemental Schedule*:Schedule H, Line 4i – Scheduleof Assets (Held at End of Year) as of December 31, 202513 * Other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations forReporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omittedbecause they are not applicable. REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Directors and Plan Participants ofBerkshire Bank 401(k) PlanBoston, Massachusetts Opinion on the Financial Statements We have audited the accompanying statement of net assets available for benefits of the Berkshire Bank 401(k) Plan (the “Plan”) as of December 31,2025, the related statement of changes in net assets available for benefits for the year then ended, and the related notes (collectively referred to asthe “2025financial statements”). In our opinion, the 2025financial statements present fairly, in all material respects, the net assets available forbenefits of the Plan as of December 31, 2025, and the changes in net assets available for benefits for the year then ended, in conformity withaccounting principles generally accepted in the United States of America. Basis for Opinion Thesefinancial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s 2025financialstatements based on our audit. We are a public accountingfirm registered with the Public Company Accounting Oversight Board (United States)(“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rulesand regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtainreasonable assurance about whether the 2025financial statements are free of material misstatement, whether due to error or fraud. The Plan isnot required to have, nor were we engaged to perform, an audit of its internal control overfinancial reporting. As part of our audit, we are requiredto obtain an understanding of internal control overfinancial reporting but not for the purpose of expressing an opinion on the effectiveness of thePlan’s internal control overfinancial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the 2025financial statements, whether due to error orfraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amountsand disclosures in the 2025financial statements. Our audit also included evaluating the accounting principles used and significant estimates madeby the Plan’s management, as well as evaluating the overall presentation of the 2025financial statements. We believe that our audit provides areasonable basis for our opinion. upplemental Information The accompanying supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to auditprocedures performed in conjunction with the audit of the Plan's 2025financial statements. The supplemental information is the responsibility ofthe Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the 2025financialstatements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of theinformation presented in the supplemental inf