Beacon Financial Corp

Listed Company

BBTCIK 0001108134NYSELarge AcceleratedSavings Institutions, Not Federally CharteredDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$90.27M

Total Assets

$23.22B

Equity

$2.50B

Shares Out

83.82M

Op. Cash Flow

$224.44M

BBT$30.76+15.93% · past 10 monthsDBEQ Basic

Daily closing prices

Business

Beacon Financial Corporation, formed through a September 2025 merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, is a bank holding company offering commercial, business and retail banking services through Beacon Bank & Trust and subsidiaries across 147 offices in New England and New York. The company provides cash management, foreign exchange, online and mobile banking, consumer and residential loans, equipment financing, SBA lending and wealth management services through Clarendon Private (a registered SEC investment advisor) and the Bank's Trust and Investments Division. Geographic markets include New England and New York, with distribution through branch networks and digital channels.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans and leases	768	588	534	335	282
Debt securities	41	26	30	—	—
Restricted equity securities	5	6	6	—	—
Short-term investments	20	9	8	—	—
Total interest and dividend income	833	629	577	387	329
Deposits	281	233	176	—	—
Borrowed funds	49	66	62	9	11
Total interest expense	330	299	238	43	—
Net interest income	503	330	340	345	291
Provision for credit losses on loans and unfunded commitments	41	22	38	—	—
Provision (recovery) for credit losses on investments	12,000	−359,000	339,000	—	—
Net interest income after provision for credit losses	462	308	302	—	—
Loan level derivative income, net	1	2	4	—	—
Gain on sales of investment securities, net	0	0	2	—	—
Gain on sales of loans and leases	6	951,000	3	—	—
Other	9	4	5	—	7
Total non-interest income	50	26	32	69	143
Compensation and employee benefits	191	144	139	153	151
Occupancy	30	22	20	—	—
Equipment and data processing	45	27	27	—	—
Professional services	8	7	7	12	16
FDIC insurance	8	8	8	3	4
Advertising and marketing	6	5	5	—	—
Amortization of identified intangible assets	15	7	8	—	—
Merger and restructuring expense	62	4	7	—	—
Other	25	17	18	28	26
Total non-interest expense	390	242	240	289	286
Income before provision for income taxes	122	92	94	114	149
Provision for income taxes	32	23	19	21	30
Net income	90	69	75	93	119
Basic (in dollars per share)	1.03	0.77	0.85	2.03	2.41
Diluted (in dollars per share)	1.03	0.77	0.85	2.02	2.39
Basic (in shares)	87	89	88	46	49
Diluted (in shares)	88	89	88	46	50
Dividends declared per common share (in dollars per share)	0.73	0.54	0.54	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	202	65	148	145	109
Short-term investments	1,840	479	1,055	540	1,518
Total cash and cash equivalents	2,042	544	—	—	—
Investment securities available-for-sale	1,700	895	1,022	1,423	1,878
Total investment securities	1,689	895	—	—	—
Allowance for investment security losses	−94,000	−82,000	—	—	—
Net investment securities	1,689	895	—	—	—
Total loans and leases	18,030	9,779	9,040	8,335	6,826
Allowance for loan and lease losses	−253	−125	−118	−96	−106
Net loans and leases	17,777	9,654	8,934	8,239	6,720
Restricted equity securities	87	83	—	—	—
Premises and equipment, net of accumulated depreciation of $112,926 and $103,466, respectively	162	87	69	85	94
Right-of-use asset operating leases	83	44	31	—	—
Deferred tax asset	149	57	—	—	—
Goodwill	352	241	241	—	—
Identified intangible assets, net of accumulated amortization of $29,118 and $16,526, respectively	190	17	20	24	30
OREO and repossessed assets, net	3	1	—	—	—
Cash surrender value of bank-owned life insurance policies	334	84	—	—	—
Other assets	353	198	342	349	288
Total assets	23,220	11,905	12,431	11,663	11,555
Demand checking accounts	4,033	1,692	2,469	2,852	3,008
NOW accounts	1,446	617	859	1,055	976
Savings accounts	2,954	1,721	1,054	1,063	1,112
Money market accounts	6,515	2,116	3,566	3,724	3,294
Certificate of deposit accounts	4,157	1,885	—	—	—
Brokered deposit accounts	410	869	—	—	—
Total interest-bearing deposits	15,482	7,209	—	—	—
Total deposits	19,515	8,902	10,633	10,327	10,069
Advances from the FHLB	556	1,356	125	4	13
Subordinated debentures and notes	199	84	—	—	—
Other borrowed funds	34	80	—	—	—
Total borrowed funds	788	1,520	—	—	—
Operating lease liabilities	91	45	32	—	—
Mortgagors' escrow accounts	16	16	—	—	—
Reserve for unfunded credits	14	6	—	—	—
Accrued expenses and other liabilities	301	195	—	—	—
Total liabilities	20,724	10,683	11,419	10,709	10,372
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.01 par value; 200,000,000 shares authorized; 89,576,403 shares issued and 96,998,075 shares issued, respectively	896,000	970,000	528,000	528,000	528,000
Additional paid-in capital	2,172	903	1,423	1,424	1,423
Retained earnings	486	459	−33	−71	−139
Accumulated other comprehensive (loss) income	−20	−53	−143	−181	−3
Treasury stock, at cost; 5,545,511 shares and 7,019,384 shares, respectively	−143	−88	−225	−210	−90
Total stockholders' equity	2,496	1,222	1,199	992	1,182
Total liabilities and stockholders' equity	23,220	11,905	12,431	11,663	11,555

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	41	22	38	—	—
Proceeds from sales of loans and leases held-for-sale, net	83	0	0	24	16
Deferred income tax expense	22	409,000	16	—	—
Depreciation of premises and equipment	10	8	8	—	—
Accretion of investment securities deferred, net	−10	−6	−9	—	—
Accretion of premiums and discounts and deferred loan and lease origination costs, net	−21	−7	−5	—	—
Amortization of debt issuance costs	100,000	100,000	100,000	—	—
Amortization (accretion) of other acquisition fair value adjustments, net	−2	1	−2	—	—
Loss on sales of OREO and other repossessed assets	153,000	0	4,000	0	6,000
Write-down of OREO and other repossessed assets	412,000	574,000	181,000	—	—
Compensation under recognition and retention plans	6	3	4	—	—
Cash surrender value of bank-owned life insurance	−3	−2	−1	—	—
Impairment of BankRI trade name	1	0	0	—	—
Other assets	85	7	14	—	—
Accrued expenses and other liabilities	−89	3	−26	—	—
Net cash provided from operating activities	224	105	117	111	85
Proceeds from sales of investment securities available-for-sale	176	0	230	150	0
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale	190	174	272	548	576
Purchases of investment securities available-for-sale	−33	−148	−363	−479	−805
Proceeds from redemption/sales of restricted equity securities	84	33	48	—	—
Purchase of restricted equity securities	−60	−38	−51	—	—
Proceeds from sales of loans and leases held-for-investment, net	301	110	244	—	—
Net decrease (increase) in loans and leases	570	−266	−956	—	—
Net cash and cash equivalents acquired in acquisition	1,084	0	−80	—	—
Purchase of premises and equipment, net	−12	−5	−12	−1	−2
Proceeds from sales of OREO and other repossessed assets	1	2	2	0	187,000
Net cash provided from (used for) investing activities	2,300	−140	−665	−1,261	621
Increase (decrease) in demand checking, NOW, savings and money market accounts	1,062	5	−403	—	—
(Decrease) increase in certificates of deposit and brokered certificates of deposit	−733	347	860	—	—
Proceeds from FHLB advances	1,058	1,643	6,155	51	0
Repayment of FHLB advances	−2,301	−1,511	−6,223	−60	−462
(Decrease) increase in other borrowed funds, net	−46	10	−42	—	—
Decrease in mortgagors' escrow accounts, net	−367,000	−1	−678,000	—	—
Payment of dividends on common stock	−63	−48	−48	−25	−25
Payment of income taxes for shares withheld in share based activity	−2	−687,000	−710,000	—	—
Net cash (used for) provided from financing activities	−1,027	445	299	208	−636
Net increase (decrease) in cash and cash equivalents	1,498	411	−250	−942	70
Interest on deposits, borrowed funds and subordinated debt	329	291	238	9	11
Income taxes	15	13	9	—	—
Transfer from loans and leases to loan and leases held-for-sale	−80	0	0	3	12
Transfer from loans to OREO and other repossessed assets	1	2	3	—	—
Fair value of assets acquired, net of cash and cash equivalents acquired	11,171	0	1,932	—	—
Fair value of liabilities assumed	11,044	0	1,676	—	—

Filings

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Frequently asked questions

What is Beacon Financial Corp's CIK number?

Beacon Financial Corp's SEC CIK number is 0001108134 (1108134). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Beacon Financial Corp's SEC filings?

All of Beacon Financial Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Beacon Financial Corp last report earnings?

Beacon Financial Corp (BBT) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-002833). This is Beacon Financial Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Beacon Financial Corp's most recent earnings 8-K?

Beacon Financial Corp's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001171843-26-002833. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Beacon Financial Corp's latest earnings 8-K →
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