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

Beacon Financial Q3 net income falls to $61.2 million, or $0.73 per share, from Q2

Mixed Impact 3 of 5 earnings

Beacon Financial reported third-quarter 2026 net income of $61.2 million, or $0.73 per share, down from $64.4 million, or $0.77 per share, in the second quarter, but up from a net loss of $(4.2) million in the third quarter of 2025. The board raised the stock buyback authorization to $125 million, subject to regulatory approval, and approved a $0.3225 quarterly dividend.

Key points

  • Operating earnings after tax (non-GAAP) were $64.7 million, or $0.77 per share, versus $64.4 million, or $0.77 per share, in Q2 2026.
  • Net interest income rose $3.9 million to $197.2 million, and net interest margin rose 4 basis points to 3.85 percent.
  • The provision for credit losses was $8.9 million, and merger and restructuring expense was $5.1 million; nonperforming assets rose $7.9 million to $163.1 million.
  • Buyback authorization increased to $125 million; the $0.3225 dividend is payable November 20, 2026, to holders of record on November 6, 2026.

The filing

CompanyBeacon Financial (BBT)
Form8-K, current report
Filed with the SECOct 21, 2026, 4:05 PM ET
Accession number0001171843-26-006743

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

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

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.