Beacon Financial Corp (BBT)
Beacon Financial Corporation operates as the bank holding company for Beacon Bank & Trust that provides various banking services in the United States and internationally. The company accepts commercial, municipal, and retail deposits. It originates mortgage loans on commercial and residential real estate, as well as commercial loans and leases. It is also involved in investment in debt and equity securities; and offers cash management, trust, and investment advisory services. In addition, the company provides specialty equipment financing and SBA lending, and online and mobile banking services, as well as wealth management services to individuals, families, endowments, and foundations. Beacon Financial Corporation was founded in 1846 and is headquartered in Boston, Massachusetts.
Sector: Savings Institutions, Not Federally Chartered
Industry: Banks - Regional
Beacon Financial Corp.
NYSE:BBTFinancial Services · Asset Management
+0.40%$30.07
AH Close$30.07+0.00%vs close
AH Close$30.07+0.00%vs close
Mkt Cap$2.52B
Float82.5M
O/S83.82M
Inst Own92.0%
SI6.0%
Div Yield4.29%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$759.29M
Net Income$90.27M
Total Assets$23.22B
Free Cash Flow$0
Debt & Equity
Debt 26%
Equity 74%
Total Debt$879.07M
Total Equity$2.5B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BBT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$23.22B
Liabilities$20.72B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$245.29M
Goodwill$351.61M
Intangible Assets$189.56M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $759.29M | $643.37M | $606.54M | $438.34M | $460.73M | -$643.24M |
| YoY Growth | 18.0% | 6.1% | 38.4% | -4.9% | -171.6% | - |
| Cost of Revenue | $371.07M | $286.35M | $239.25M | $53.66M | $37.4M | $168.88M |
| Gross Profit | $388.21M | $357.01M | $367.29M | $384.68M | $423.33M | -$812.12M |
| Gross Margin | 51.1% | 55.5% | 60.6% | 87.8% | 91.9% | 126.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $211.52M | $184.94M | $186.55M | $180.8M | $181.34M | $179.28M |
| Other | $54.83M | $92.56M | $102.42M | $90.06M | $92.98M | -$458.37M |
| Total Operating Expenses | $266.35M | $277.5M | $288.97M | $270.86M | $274.31M | -$279.09M |
| Operating Income (EBIT) | $121.86M | $79.52M | $78.32M | $113.82M | $149.02M | -$533.03M |
| Operating Margin | 16.0% | 12.4% | 12.9% | 26.0% | 32.3% | 82.9% |
| Interest Expense | $329.68M | $262.35M | $207.25M | $42.66M | $37.9M | $93M |
| Interest Income | $832.79M | $613.94M | $576.3M | $387.26M | $329.06M | $409.78M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $121.86M | $79.52M | $78.32M | $113.82M | $149.02M | -$533.03M |
| Income Tax Expense | $31.59M | $18.51M | $8.72M | $21.29M | $30.36M | -$19.85M |
| Net Income | $90.27M | $61M | $69.6M | $92.53M | $118.66M | -$533.02M |
| Net Income Margin | 11.9% | 9.5% | 11.5% | 21.1% | 25.8% | 82.9% |
| Supplementary Data | ||||||
| EPS | 1.03 | 0.72 | 0.81 | 1.01 | 1.21 | -5.30 |
| Diluted EPS | 1.03 | 0.71 | 0.80 | 1.01 | 1.20 | -5.30 |
| Weighted Average OS | 87.38M | 85.02M | 86.58M | 91.13M | 98.48M | 100.54M |
| EBITDA | $146.64M | $94.15M | $94.32M | $120.34M | $155.69M | -$521.11M |
| EBITDA Margin | 19.3% | 14.6% | 15.6% | 27.5% | 33.8% | 81.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $2.04B | $543.67M | $133.03M | $382.96M | $327.74M | $0 |
| Short-Term Investments | $1.69B | $894.95M | $916.16M | $656.66M | $720.87M | $0 |
| Cash and Short-Term Investments | $3.73B | $1.44B | $1.05B | $1.04B | $1.05B | $0 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $1.97B |
| Total Current Assets | $3.73B | $1.44B | $1.05B | $1.04B | $1.05B | $1.97B |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $245.29M | $130.31M | $120.72M | $90.88M | $90.87M | $172.68M |
| Goodwill | $351.61M | $241.22M | $241.22M | $160.43M | $160.43M | $0 |
| Intangible Assets | $189.56M | $17.46M | $24.21M | $1.78M | $2.28M | $34.82M |
| Long-Term Investments | $17.78B | $9.65B | $9.52B | $7.55B | $7.06B | $0 |
| Deferred Tax Assets | $149.49M | $56.62M | $56.95M | $52.24M | $38.99M | $80.74M |
| Other Long-Term Assets | $777.29M | $366.89M | $365.9M | $294.99M | $206.09M | -$288.24M |
| Total Long-Term Assets | $19.49B | $10.47B | $10.33B | $8.15B | $7.55B | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $10.9B |
| Total Assets | $23.22B | $11.91B | $11.38B | $9.19B | $8.6B | $12.87B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $544.45M | $1.36B | $0 | $0 | $0 | $407.37M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $19.51B | $8.9B | $8.55B | $6.52B | $7.05B | $7.5B |
| Total Current Liabilities | $20.06B | $10.26B | $8.55B | $6.72B | $7.21B | $7.91B |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $243.91M | $161.88M | $1.38B | $1.43B | $357.32M | $176.16M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $34.37M |
| Other Long-Term Liabilities | $330.58M | $217.11M | $226.82M | $26.21M | $21.09M | -$272.91M |
| Total Long-Term Liabilities | $665.21M | $423.78M | $1.64B | $1.48B | $398.92M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $3.77B |
| Total Liabilities | $20.72B | $10.68B | $10.18B | $8.19B | $7.61B | $11.68B |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $896K | $970K | $970K | $852K | $852K | $528K |
| Retained Earnings | $485.86M | $458.94M | $438.72M | $412.02M | $342.64M | -$233.34M |
| Comprehensive Income & Other | -$20M | -$52.88M | -$52.8M | -$61.95M | -$110K | $24.63M |
| Other Stockholders' Equity | $2.01B | $762.03M | $758.95M | $579.25M | $651.85M | $1.42B |
| Total Equity | $2.5B | $1.22B | $1.2B | $992.13M | $995.34M | $1.19B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $23.22B | $11.91B | $11.38B | $9.19B | $8.6B | $12.87B |
| Supplementary Data | ||||||
| Total Debt | $879.07M | $1.56B | $1.41B | $1.45B | $377.83M | $645.91M |
| Net Debt | -$1.16B | $1.02B | $1.28B | $1.07B | $50.09M | $645.91M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $90.27M | $68.72M | $75M | $109.74M | $115.44M | -$513.17M |
| Depreciation & Amortization | $24.78M | $14.64M | $16M | $6.52M | $6.67M | $11.92M |
| Deferred Income Tax | $0 | $409K | $16.17M | $4.36M | $5.83M | $0 |
| Stock-Based Compensation | $0 | $3.38M | $3.72M | $3.42M | $2.75M | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $7.47M | -$13.52M | -$14.33M | $6.59M | $0 |
| Total Working Capital Change | $0 | $7.47M | -$13.52M | -$14.33M | $6.59M | $0 |
| Other Non-Cash Items | -$115.05M | $10.34M | $19.23M | $11.05M | -$4.07M | $733.16M |
| Net Cash from Operating | $0 | $104.95M | $116.6M | $120.76M | $133.21M | $231.91M |
| Investing Activities | ||||||
| Capital Expenditures | $0 | -$4.99M | -$12.36M | -$7.39M | -$4.79M | -$7.21M |
| Acquisitions | $0 | $0 | -$80.21M | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$148.48M | -$362.9M | -$197.63M | -$223.07M | -$1.05B |
| Sales of Investments | $0 | $174M | $502.4M | $177.35M | $223.33M | $597.09M |
| Other Investing Activities | $0 | -$160.14M | -$712.19M | -$530.02M | $135.65M | $1.1B |
| Net Cash from Investing | $0 | -$139.6M | -$665.26M | -$557.69M | $131.11M | $636.84M |
| Financing Activities | ||||||
| Debt Repaid | - | -$142.92M | $109.26M | -$1.08B | $463.08M | $256.37M |
| Common Stock Issuance | $0 | $100.12M | $0 | $0 | $0 | $664K |
| Common Stock Repurchases | $0 | -$17.54M | -$23.84M | -$13.78M | -$9.98M | -$473K |
| Dividends Paid | $0 | -$48.06M | -$47.93M | -$40.08M | -$37.46M | -$36.56M |
| Other Financing Activities | $0 | $267.85M | $479.77M | -$529.17M | $139.01M | $402.05M |
| Net Cash from Financing | $0 | $445.29M | $298.74M | $492.15M | -$371.51M | $109.3M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$978.05M |
| Net Change in Cash | -$543.67M | $410.64M | -$249.93M | $55.22M | -$107.18M | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | $0 | $104.95M | $116.6M | $120.76M | $133.21M | $231.91M |
| Capital Expenditure | $0 | -$4.99M | -$12.36M | -$7.39M | -$4.79M | -$7.21M |
| Free Cash Flow | $0 | $99.97M | $104.24M | $113.37M | $128.42M | $224.7M |
| Cash at Beginning | $543.67M | $133.03M | $382.96M | $327.74M | $434.92M | $0 |
| Cash at End | $0 | $543.67M | $133.03M | $382.96M | $327.74M | $0 |