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AI brief of an SEC Form 8-K · Beacon Financial (BBT)

Beacon Financial Q2 net income rises to $64.4 million, or $0.77 per share

Positive Impact 3 of 5 earnings Written later

Beacon Financial Corporation reported second-quarter 2026 net income of $64.4 million, or $0.77 per share, up from $46.2 million ($0.55) in the first quarter and $22.0 million ($0.25) a year earlier. The company also declared a regular quarterly dividend of $0.3225 per share, and the filing notes that prior-period comparisons are limited because the Brookline merger was accounted for as a reverse acquisition.

Key points

  • Net income of $64.4 million ($0.77 per diluted share) for the quarter ended June 30, 2026, versus $46.2 million ($0.55) in Q1 2026 and $22.0 million ($0.25) in Q2 2025.
  • Net interest margin rose to 3.81% from 3.78%, and non-interest expense fell to $127.3 million from $140.8 million, which included $13.0 million of merger and restructuring expense in Q1 2026.
  • Net loan and lease charge-offs were $14.3 million (0.32% annualized), up from $13.6 million in Q1; nonperforming assets rose to $155.2 million from $151.2 million.
  • Quarterly dividend of $0.3225 per share, payable August 28, 2026 to stockholders of record on August 14, 2026.

The filing

CompanyBeacon Financial (BBT)
Form8-K, current report
Filed with the SECJul 29, 2026, 4:16 PM ET
Accession number0001171843-26-005016

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.