Beacon Financial Corp.
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Range $36 – $36
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About the company
Beacon Financial Corp. provides a comprehensive array of financial services, encompassing strategic wealth planning, expert advisory support, and traditional banking operations.
- CEO
- Paul A. Perrault
- IPO
- 2019
- Employees
- 1,972
- HQ
- Boston, MA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $2.65B
- P/E
- 23.92
- Fwd P/E
- 10.38
- PEG
- 1.08
- P/S
- 2.31
- P/B
- 1.04
- EV/EBITDA
- 19.51
- Div Yield
- 4.09%
- Gross Margin
- 55.85%
- Op Margin
- 13.61%
- Net Margin
- 9.91%
- ROE
- 4.57%
- ROIC
- 0.51%
Latest fiscal year · YoY change
- Revenue
- $759.29M+18.0%
- Gross Profit
- $388.21M+8.7%
- Op Income
- $121.86M
- Net Income
- $90.27M+48.0%
- EPS
- $1.03+43.1%
- OCF Growth
- -100.0%
- FCF Growth
- -100.0%
- 52W High
- $32.83
- 52W Low
- $22.81
- 50D MA
- $30.69
- 200D MA
- $29.06
- Beta
- 0.54
- RSI (14)
- 53
- Avg Volume
- 831.77K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Beacon Financial reported a stronger second quarter as merger-related costs faded, margins and fee income improved, deposits resumed growing, and management pointed to modest loan growth ahead.· July 30, 2026
- GAAP EPS rose to $0.77 from $0.55 last quarter, with GAAP earnings of $64.4 million and ROA improving to 1.17%.
- Net interest income increased to $193.2 million and NIM expanded to 3.81%, helped by lower funding costs and higher asset yields.
- Noninterest income grew 9% to $26 million, while core operating expenses fell to $118.9 million excluding merger-related costs.
- Deposits increased $194 million, including $93 million of customer deposit growth, and borrowed funds declined $184 million.
- Credit stayed manageable but not clean: net charge-offs were $14.3 million, nonperforming loans rose to 86 basis points, and management said elevated charge-offs may continue this year while provisioning should stay moderate.
Beacon Financial posted GAAP earnings of $64.4 million, or $0.77 per share, versus $46.2 million, or $0.55 per share, in the first quarter. Return on average assets improved to 117 basis points from 84 basis points, and return on tangible common equity rose to 12.84% from 9.3%. Net interest income increased $2.4 million to $193.2 million, net interest margin expanded 3 basis points to 381 basis points, and noninterest income rose $2 million, or 9%, to $26 million. Noninterest expense declined $13.6 million, with core operating expenses at $118.9 million; the core efficiency ratio improved to 54.26%. On the balance sheet, total assets increased to $22.3 billion, loans declined $102 million, and deposits increased $194 million. Net charge-offs were $14.3 million, or 32 basis points annualized, provision expense declined to $5 million from $7.9 million, and the allowance for loan and lease losses ended at $238 million, or 130 basis points of loans and leases. Tangible common equity increased to 9.25% of tangible assets and tangible book value rose to $23.98 per share. Looking ahead, management expects modest loan growth in Q3 with acceleration into Q4, expenses to trend roughly flat through year-end, and provisioning to remain moderate if credit conditions stay stable.
Paul Perrault framed the quarter as a clear step forward from the first quarter, saying the company is moving beyond merger integration and into a period of realizing the combined franchise’s potential. He highlighted stronger profitability, resumed deposit growth, improved fee income, and a healthier pipeline, while noting that loan demand is still uneven and client timing remains the main variable. His tone was constructive and cautiously optimistic, with emphasis on profitable growth, efficiency, credit discipline, and continued earnings momentum through 2026.
Carl Carlson emphasized that profitability improved meaningfully as merger costs rolled off: GAAP earnings were $64.4 million, NIM was 381 basis points, and core operating expenses were $118.9 million, below the original merger target of $119.8 million. He pointed to higher loan yields, deposit cost repricing, and a stronger funding mix, noting interest-bearing deposit costs fell 8 basis points to 249 basis points and borrowed funds dropped $184 million. On capital and returns, he cited tangible common equity of 9.25%, tangible book value of $23.98, and the $0.3225 quarterly dividend, while saying the $50 million buyback authorization remains available and was not used in the quarter.
Analysts focused on the outlook for loan growth, credit quality, deposit costs, and the pace of expenses. Management said the loan pipeline is up substantially, with commercial pipeline around $1.3 billion and closer to $1.9 billion including loans not yet approved, and described the pipeline as broad-based across C&I and CRE. On credit, Mark Meiklejohn said the bank is watching office, lab and other stressed sectors, feels well reserved, and expects provisioning to be moderate but charge-offs to remain elevated for the rest of the year; he cited about $75 million of specific reserves against about $400 million of classified assets. On deposits, Carl Carlson said funding costs likely have limited room to fall further, though the bank will extend CDs slightly and continue to benefit from repricing and asset growth.
The call showed that integration benefits are now flowing through the income statement, with better margins, lower expenses, and stronger returns as merger-related noise fades. Management also described robust pipelines, resumed deposit growth, and healthy capital levels, suggesting the franchise may reaccelerate as market conditions improve.
Loan growth remains dependent on customer timing and broader market activity, which management said was unusually quiet in the first half and still somewhat cautious. Credit is manageable but not fully healed: office, lab, and specialty finance issues are still being worked through, charge-offs are expected to stay elevated, and some criticized/classified balances could migrate further.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 53.6%
- Shares Outstanding
- 84.03M
- Float Shares
- 45.02M
Buy/sell ratio 1.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for BBT, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Lisa McClainHouse · MI09 | Sell | Sep 25, 25 | Filing → |
| Richard W. AllenHouse · GA12 | Sell | Apr 27, 18 | Filing → |
| Richard W. AllenHouse · GA12 | Sell | Mar 23, 17 | Filing → |
| Richard W. AllenHouse · GA12 | Sell | Mar 23, 17 | Filing → |
| Richard W. AllenHouse · GA12 | Sell | Jun 19, 19 | Filing → |
| Pat ToomeySenate · PA | Sell | Oct 31, 18 | Filing → |
| Pat ToomeySenate · PA | Buy | Aug 1, 18 | Filing → |
| Pat ToomeySenate · PA | Sell | Oct 31, 18 | Filing → |
| John RutherfordHouse · Fl04 | Sell | May 17, 19 | Filing → |
| Lois FrankelHouse · FL21 | Buy | May 22, 19 | Filing → |
| Lois FrankelHouse · FL21 | Buy | Mar 20, 19 | Filing → |
| Lois FrankelHouse · FL21 | Buy | Mar 28, 19 | Filing → |
| Pat ToomeySenate · PA | Buy | Aug 1, 18 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Held by 282 ETFs
Biggest fund positions in BBT by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 19, 26 | SHERMAN MERRILL W | other | 23,421 |
| Aug 19, 26 | SHERMAN MERRILL W | other | 23,421 |
| Aug 1, 26 | Eagan John Buckley | other | 0 |
| Jun 16, 26 | PERRAULT PAUL A | other | 18,174 |
| Jun 16, 26 | PERRAULT PAUL A | other | 18,174 |
| Jun 16, 26 | McCurdy Michael W. | other | 5,167 |
| Jun 16, 26 | McCurdy Michael W. | other | 5,167 |
| Jun 16, 26 | Meiklejohn Mark J. | other | 4,420 |
| Jun 16, 26 | Meiklejohn Mark J. | other | 4,420 |
| Jun 16, 26 | Levante Gary R. | other | 2,164 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our BBT coverage
Recent articles, reports, and earnings notes.
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