Beacon Financial Corp (BBT) Form 8-K — Oct 21, 2026
Beacon Financial Corporation (NYSE: BBT) reported Q3 2026 net income of $61.2 million, or $0.73 per share, with operating earnings after tax of $64.7 million, or $0.77 per share. Results improved sharply year over year versus a $(4.2) million loss in Q3 2025, though they dipped modestly from Q2 2026's $64.4 million. Net interest income rose $3.9 million linked-quarter to $197.2 million with the net interest margin expanding 4 bps to 3.85%. The Board approved a quarterly dividend of $0.3225 per share payable November 20, 2026, and increased the stock repurchase authorization to $125 million, adding $75 million to the existing program.
Key figures
- Eps
- $0.73
- Revenue
- $197.2 million net interest income plus $26.0 million non-interest income
- Guidance
- No quantitative guidance; management outlined priorities including C&I/owner-occupied CRE growth, fee revenue growing from 11% of revenue toward mid-teens, improved efficiency ratio, and a mid-teens ROTCE target
- Net Income
- 61200000
- Total Assets
- 21900000000
- Cash Position
- 771400000
- Shares Outstanding
- 83883010
- Roa
- 1.11%
- Npa ratio
- 0.75%
- Npl ratio
- 0.91%
- Total loans
- $17.7 billion
- Rote non gaap
- 12.02%
- Dividend yield
- 4.6%
- Total deposits
- $18.2 billion
- Net charge offs
- $13.5 million (30 bps annualized)
- Efficiency ratio
- 59.46%
- Icre to total rbc
- 295%
- Quarterly dividend
- $0.3225 per share
- Net interest margin
- 3.85%
- Prior year net loss
- $(4.2) million in Q3 2025
- Buyback authorization
- $125 million (increased, adding $75 million)
- Core efficiency ratio
- 53.54%
- Dividend payout ratio
- 44%
- Operating eps non gaap
- $0.77
- Total risk based capital
- 14.6%
- Provision for credit losses
- $8.9 million
- Operating earnings after tax
- $64.7 million
- Tangible book value per share
- $23.81
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.