Beacon Financial Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Beacon Financial Corp reported net income of $90.3M (+48.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans and leases | $767.6M | $556.5M | $512.5M | $335.3M |
| Debt securities | $40.8M | — | — | — |
| Restricted equity securities | $4.9M | — | — | — |
| Short-term investments | $19.6M | — | — | — |
| Total interest and dividend income | $832.8M | $613.9M | $576.3M | $387.3M |
| Deposits | $280.5M | $228.0M | $158.9M | $33.4M |
| Borrowed funds | $49.2M | $34.3M | $48.3M | $9.2M |
| Total interest expense | $329.7M | $262.4M | $207.3M | $42.7M |
| Net interest income | $503.1M | $351.6M | $369.0M | $344.6M |
| Provision for credit losses on loans and unfunded commitments | $41.4M | — | — | — |
| Provision (recovery) for credit losses on investments | $12.0K | — | — | — |
| Net interest income after provision for credit losses | $461.7M | — | — | — |
| Non-interest income, fees | $33.5M | — | — | — |
| Loan level derivative income, net | $1.4M | — | — | — |
| Gain on sales of investment securities, net | $0 | — | — | — |
| Gain on sales of loans and leases | $5.6M | — | — | — |
| Other | $9.4M | $13.6M | $2.0M | $7.0M |
| Total non-interest income | $49.9M | $48.4M | $42.8M | $68.9M |
| Compensation and employee benefits | $191.2M | $160.5M | $159.3M | $152.7M |
| Occupancy | $29.9M | — | — | — |
| Equipment and data processing | $44.7M | — | — | — |
| Professional services | $8.1M | $10.3M | $11.6M | $12.0M |
| FDIC insurance | $7.8M | — | $7.0M | $3.1M |
| Advertising and marketing | $6.0M | — | — | — |
| Amortization of identified intangible assets | $15.2M | — | — | — |
| Merger and restructuring expense | $61.7M | — | — | — |
| Other | $25.2M | $27.9M | $29.5M | $28.4M |
| Total non-interest expense | $389.7M | $296.5M | $301.5M | $288.7M |
| Income before provision for income taxes | $121.9M | $79.5M | $78.3M | — |
| Provision for income taxes | $31.6M | $18.5M | $8.7M | $21.3M |
| Net income | $90.3M | $61.0M | $69.6M | $92.5M |
| Basic (in dollars per share) | $1.03 | $1.44 | $1.61 | $2.03 |
| Diluted (in dollars per share) | $1.03 | $1.43 | $1.60 | $2.02 |
| Basic (in shares) | 87.4M | 42.5M | 43.3M | 45.6M |
| Diluted (in shares) | 87.7M | 42.8M | 43.5M | 45.9M |
| Dividends declared per common share (in dollars per share) | $0.73 | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans and leases | $265.6M | $266.9M | $198.3M | $138.2M |
| Debt securities | $18.4M | $16.5M | $11.0M | — |
| Restricted equity securities | $1.5M | $843.0K | $1.5M | — |
| Short-term investments | $8.2M | $8.1M | $5.4M | — |
| Total interest and dividend income | $293.6M | $292.4M | $216.2M | $151.5M |
| Deposits | $89.0M | $93.1M | $71.9M | $52.6M |
| Borrowed funds | $11.5M | $8.6M | $11.7M | $6.9M |
| Total interest expense | $100.4M | $101.6M | $83.6M | $59.5M |
| Net interest income | $193.2M | $190.8M | $132.6M | $91.9M |
| Provision for credit losses on loans | $5.0M | $7.9M | $87.5M | — |
| Provision (credit) for credit losses on investments | ($85.0K) | $47.0K | $32.0K | — |
| Net interest income after provision for credit losses | $188.3M | $182.8M | $45.1M | — |
| Non-interest income, fees | $16.0M | $15.2M | $8.5M | — |
| Loan level derivative income | $1.4M | $775.0K | $635.0K | — |
| Gain on sales of loans and leases held-for-sale | $3.9M | $2.7M | $1.2M | — |
| Other | $4.7M | $5.3M | $2.1M | — |
| Total non-interest income | $26.0M | $23.9M | $12.3M | $21.8M |
| Compensation and employee benefits | $70.3M | $69.7M | $50.0M | $39.3M |
| Occupancy | $11.8M | $13.1M | $6.9M | — |
| Equipment and data processing | $18.3M | $20.1M | $11.1M | — |
| Professional services | $2.8M | $2.5M | $2.1M | $961.0K |
| FDIC insurance | $3.3M | $4.3M | $2.0M | — |
| Advertising and marketing | $1.2M | $1.7M | $1.6M | — |
| Amortization of identified intangible assets | $8.3M | $8.3M | $3.6M | — |
| Merger and restructuring expense | $0 | $13.0M | $45.9M | — |
| Other | $11.3M | $8.1M | $6.1M | $5.1M |
| Total non-interest expense | $127.3M | $140.8M | $129.3M | $68.1M |
| Income before provision for income taxes | $87.0M | $66.0M | ($71.9M) | $41.5M |
| Provision for income taxes | $22.6M | $19.7M | ($21.6M) | $11.2M |
| Net income | $64.4M | $46.2M | ($50.2M) | $30.4M |
| Basic (in dollars per share) | $0.77 | $0.55 | -$0.57 | $0.66 |
| Diluted (in dollars per share) | $0.77 | $0.55 | -$0.57 | $0.66 |
| Basic (in shares) | 83.8M | 83.8M | 87.5M | 45.8M |
| Diluted (in shares) | 83.9M | 83.9M | 87.5M | 46.0M |
| Dividends paid per common share (in dollars per share) | $0.32 | $0.32 | $0.32 | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $201.6M | $182.8M | $148.1M | $145.3M |
| Short-term investments | $1.8B | $945.6M | $1.1B | $540.0M |
| Total cash and cash equivalents | $2.0B | $1.1B | $1.2B | $685.4M |
| Investment securities available-for-sale | $1.7B | $655.7M | $1.0B | $1.4B |
| Total investment securities | $1.7B | — | — | — |
| Allowance for investment security losses | ($94.0K) | — | — | — |
| Net investment securities | $1.7B | — | — | — |
| Total loans and leases | $18.0B | $9.4B | $9.0B | $8.3B |
| Allowance for loan and lease losses | ($252.8M) | ($114.7M) | ($105.4M) | ($96.3M) |
| Net loans and leases | $17.8B | $9.3B | $8.9B | $8.2B |
| Restricted equity securities | $87.4M | — | — | — |
| Premises and equipment, net of accumulated depreciation of $112,926 and $103,466, respectively | $162.5M | $56.6M | $68.9M | $85.2M |
| Right-of-use asset operating leases | $82.8M | — | — | — |
| Deferred tax asset | $149.5M | — | — | — |
| Goodwill | $351.6M | — | — | — |
| Identified intangible assets, net of accumulated amortization of $29,118 and $16,526, respectively | $189.6M | $15.1M | $19.7M | $24.5M |
| OREO and repossessed assets, net | $2.6M | — | — | — |
| Cash surrender value of bank-owned life insurance policies | $334.4M | — | — | — |
| Other assets | $352.8M | $358.4M | $341.8M | $348.9M |
| Total assets | $23.2B | $12.3B | $12.4B | $11.7B |
| Demand checking accounts | $4.0B | $2.3B | $2.5B | $2.9B |
| NOW accounts | $1.4B | $841.4M | $858.6M | $1.1B |
| Savings accounts | $3.0B | $1.0B | $1.1B | $1.1B |
| Money market accounts | $6.5B | $3.6B | $3.6B | $3.7B |
| Certificate of deposit accounts | $4.2B | — | — | — |
| Brokered deposit accounts | $410.4M | — | — | — |
| Total interest-bearing deposits | $15.5B | — | — | — |
| Total deposits | $19.5B | $10.4B | $10.6B | $10.3B |
| Advances from the FHLB | $555.8M | $213.0M | $125.2M | $4.4M |
| Subordinated debentures and notes | $198.6M | — | — | — |
| Other borrowed funds | $34.0M | — | — | — |
| Total borrowed funds | $788.4M | — | — | — |
| Operating lease liabilities | $90.7M | — | — | — |
| Mortgagors' escrow accounts | $15.5M | — | — | — |
| Reserve for unfunded credits | $13.7M | — | — | — |
| Accrued expenses and other liabilities | $301.3M | — | — | — |
| Total liabilities | $20.7B | $11.1B | $11.4B | $10.7B |
| Common stock, $0.01 par value; 200,000,000 shares authorized; 89,576,403 shares issued and 96,998,075 shares issued, respectively | 896.0K | 562.0K | 528.0K | 528.0K |
| Additional paid-in capital | $2.2B | $1.4B | $1.4B | $1.4B |
| Retained earnings | $485.9M | ($3.1M) | ($33.1M) | ($71.4M) |
| Accumulated other comprehensive (loss) income | ($20.0M) | ($106.3M) | ($143.0M) | ($181.1M) |
| Treasury stock, at cost; 5,545,511 shares and 7,019,384 shares, respectively | -142.6M | -144.1M | -225.3M | -209.6M |
| Total stockholders' equity | $2.5B | $1.2B | $1.0B | $954.1M |
| Total liabilities and stockholders' equity | $23.2B | $12.3B | $12.4B | $11.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $240.7M | $185.7M | $182.3M | $132.0M |
| Short-term investments | $975.4M | $927.3M | $1.0B | $670.8M |
| Total cash and cash equivalents | $1.2B | $1.1B | $1.2B | $802.7M |
| Investment securities available-for-sale | $1.8B | $1.7B | $1.7B | $664.7M |
| Total investment securities | $1.8B | $1.7B | $1.7B | — |
| Allowance for investment security credit losses | ($56.0K) | ($141.0K) | ($129.0K) | — |
| Net investment securities | $1.8B | $1.7B | $1.7B | — |
| Total loans and leases | $17.8B | $17.9B | $18.2B | $9.5B |
| Allowance for loan and lease losses | ($238.2M) | ($244.4M) | ($253.7M) | ($117.3M) |
| Net loans and leases | $17.6B | $17.7B | $18.0B | $9.4B |
| Restricted equity securities | $90.7M | $97.4M | $99.4M | — |
| Premises and equipment, net of accumulated depreciation of $120,224 and $112,926, respectively | $161.2M | $161.1M | $158.4M | $58.4M |
| Right-of-use asset operating leases | $82.9M | $84.9M | $84.2M | — |
| Deferred tax asset | $138.5M | $142.8M | $178.5M | — |
| Goodwill | $357.4M | $355.3M | $353.5M | — |
| Identified intangible assets, net of accumulated amortization of $45,774 and $29,118, respectively | $172.9M | $181.2M | $198.3M | $12.8M |
| OREO and repossessed assets, net | $2.5M | $2.6M | $3.4M | — |
| Cash surrender value of bank-owned life insurance policies | $335.5M | $337.0M | $332.8M | $245.9M |
| Other assets | $348.1M | $354.0M | $381.5M | $350.3M |
| Total assets | $22.3B | $22.2B | $22.8B | $12.0B |
| Demand checking accounts | $3.9B | $3.9B | $3.9B | $2.3B |
| NOW accounts | $1.6B | $1.5B | $1.5B | $814.6M |
| Savings accounts | $3.0B | $3.1B | $2.9B | $1.1B |
| Money market accounts | $4.5B | $4.4B | $5.6B | $3.2B |
| Payroll deposits accounts | $1.2B | $1.2B | — | — |
| Certificate of deposit accounts | $4.1B | $4.1B | $4.1B | — |
| Brokered deposit accounts | $231.4M | $128.8M | $905.9M | — |
| Interest-bearing deposits | $14.6B | $14.4B | $15.0B | — |
| Total deposits | $18.5B | $18.3B | $18.9B | $10.0B |
| Advances from the FHLB | $633.3M | $822.1M | $841.0M | $103.9M |
| Subordinated debentures and notes | $202.3M | $199.0M | $198.3M | — |
| Other borrowed funds | $53.0M | $51.4M | $41.2M | — |
| Total borrowed funds | $888.6M | $1.1B | $1.1B | — |
| Operating lease liabilities | $90.9M | $92.8M | $92.2M | — |
| Reserve for unfunded credits | $13.5M | $16.6M | $13.7M | — |
| Accrued expenses and other liabilities | $232.3M | $248.7M | $304.7M | — |
| Total liabilities | $19.7B | $19.7B | $20.4B | $10.8B |
| Common stock, $0.01 par value; 200,000,000 shares authorized; 89,576,403 shares issued and 89,576,403 shares issued, respectively | 896.0K | 896.0K | 896.0K | 562.0K |
| Additional paid-in capital | $2.2B | $2.2B | $2.2B | $1.4B |
| Retained earnings | $542.3M | $505.0M | $413.6M | $36.3M |
| Accumulated other comprehensive (loss) income | ($34.9M) | ($31.4M) | ($28.9M) | ($91.2M) |
| Treasury stock, at cost; 5,211,670 shares and 5,545,511 shares, respectively | -132.6M | -142.7M | -142.5M | -147.4M |
| Total stockholders' equity | $2.5B | $2.5B | $2.4B | $1.2B |
| Total liabilities and stockholders' equity | $22.3B | $22.2B | $22.8B | $12.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $90.3M | $61.0M | $69.6M | $92.5M |
| Provision for credit losses | $41.4M | — | — | — |
| Proceeds from sales of loans and leases held-for-sale, net | $83.3M | — | — | $24.3M |
| Deferred income tax expense | $22.3M | — | — | — |
| Depreciation of premises and equipment | $9.6M | — | — | — |
| Accretion of investment securities deferred, net | ($10.0M) | — | — | — |
| Accretion of premiums and discounts and deferred loan and lease origination costs, net | ($20.9M) | — | — | — |
| Amortization of identified intangible assets | $15.2M | $4.6M | $4.8M | — |
| Amortization of debt issuance costs | $100.0K | — | — | — |
| Amortization (accretion) of other acquisition fair value adjustments, net | ($1.7M) | — | — | — |
| Gain on sales of investment securities, net | $0 | — | — | — |
| Gain on sales of loans and leases | ($5.6M) | — | — | — |
| Loss on sales of OREO and other repossessed assets | $153.0K | — | $0 | $0 |
| Write-down of OREO and other repossessed assets | $412.0K | — | — | — |
| Compensation under recognition and retention plans | $5.9M | — | — | — |
| Cash surrender value of bank-owned life insurance | ($3.0M) | — | — | — |
| Impairment of BankRI trade name | $1.1M | — | — | — |
| Other assets | $85.2M | — | — | — |
| Accrued expenses and other liabilities | ($89.4M) | — | — | — |
| Net cash provided from operating activities | $224.4M | $125.2M | $157.2M | $123.2M |
| Proceeds from sales of investment securities available-for-sale | $176.3M | $361.9M | $267.2M | $150.0M |
| Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale | $190.0M | $88.2M | $201.6M | $548.4M |
| Purchases of investment securities available-for-sale | ($33.1M) | ($86.5M) | ($44.6M) | ($478.9M) |
| Proceeds from redemption/sales of restricted equity securities | $83.6M | — | — | — |
| Purchase of restricted equity securities | ($60.5M) | — | — | — |
| Proceeds from sales of loans and leases held-for-investment, net | $300.8M | — | — | — |
| Net decrease (increase) in loans and leases | $570.0M | — | — | — |
| Net cash and cash equivalents acquired in acquisition | $1.1B | — | — | — |
| Purchase of premises and equipment, net | ($12.3M) | ($4.6M) | ($1.8M) | ($1.5M) |
| Proceeds from sales of OREO and other repossessed assets | $1.5M | — | $0 | $0 |
| Net cash provided from (used for) investing activities | $2.3B | ($317.3M) | ($284.5M) | ($1.3B) |
| Increase (decrease) in demand checking, NOW, savings and money market accounts | $1.1B | — | — | — |
| (Decrease) increase in certificates of deposit and brokered certificates of deposit | ($733.4M) | — | — | — |
| Proceeds from FHLB advances | $1.1B | $1.2B | $10.5B | $51.3M |
| Repayment of FHLB advances | ($2.3B) | ($1.3B) | ($10.1B) | ($60.2M) |
| (Decrease) increase in other borrowed funds, net | ($46.5M) | — | — | — |
| Decrease in mortgagors' escrow accounts, net | ($367.0K) | — | — | — |
| Payment of dividends on common stock | ($63.1M) | ($30.9M) | ($31.7M) | ($24.5M) |
| Payment of income taxes for shares withheld in share based activity | -2.0M | — | — | — |
| Net cash (used for) provided from financing activities | ($1.0B) | $117.2M | $645.2M | $207.7M |
| Net increase (decrease) in cash and cash equivalents | $1.5B | ($74.8M) | $517.9M | ($942.5M) |
| Cash and cash equivalents at beginning of year | $543.7M | $1.2B | $685.4M | $1.6B |
| Cash and cash equivalents at end of year | $2.0B | $1.1B | $1.2B | $685.4M |
| Interest on deposits, borrowed funds and subordinated debt | $328.9M | $34.8M | $46.6M | $9.0M |
| Income taxes | $15.0M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $110.6M | $46.2M | ($9.1M) | $56.1M |
| Provision for credit losses | $12.9M | $7.9M | $100.5M | — |
| Deferred income tax expense (benefit) | $16.1M | $10.6M | ($5.1M) | — |
| Depreciation of premises and equipment | $6.6M | $3.3M | $6.1M | — |
| Accretion of investment securities premiums and discounts, net | ($9.8M) | ($5.3M) | ($1.3M) | $378.0K |
| Accretion of premiums and discounts and deferred loan and lease origination costs, net | ($17.5M) | ($9.4M) | ($12.9M) | — |
| Amortization of identified intangible assets | $16.7M | $8.3M | $6.4M | $2.3M |
| Amortization of debt issuance costs | $9.0K | $1.0K | $76.0K | — |
| Amortization of other acquisition fair value adjustments, net | $5.7M | $1.7M | ($3.7M) | — |
| Gain on sales of loans and leases held-for-sale | ($6.6M) | ($2.7M) | ($1.5M) | — |
| Write-down of other repossessed assets | $158.0K | $0 | $444.0K | — |
| Compensation under recognition and retention plans | $2.1M | $946.0K | $5.2M | — |
| Cash surrender value of bank-owned life insurance | ($1.1M) | ($2.5M) | ($1.4M) | — |
| Other assets | ($1.1M) | ($4.9M) | $62.5M | — |
| Accrued expenses and other liabilities | ($84.4M) | ($68.1M) | ($89.3M) | — |
| Net cash provided from operating activities | $50.3M | ($13.8M) | $57.0M | $61.8M |
| Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale | $197.8M | $89.2M | $98.9M | $40.3M |
| Purchases of investment securities available-for-sale | ($280.4M) | ($129.1M) | ($11.7M) | ($30.8M) |
| Proceeds from redemption/sales of restricted equity securities | $37.7M | $20.5M | $69.1M | — |
| Purchase of restricted equity securities | ($41.0M) | ($30.5M) | ($58.0M) | — |
| Proceeds from sales of loans and leases ,net | $181.5M | $37.8M | $300.8M | — |
| Net decrease in loans and leases | $22.0M | $66.1M | $285.0M | — |
| Purchase of premises and equipment, net | ($5.8M) | ($2.2M) | ($4.4M) | ($5.6M) |
| Proceeds from sales of other repossessed assets | $51.0K | $20.0K | $608.0K | — |
| Net cash provided from investing activities | $111.9M | $51.7M | $1.9B | ($88.5M) |
| (Decrease) increase in demand checking, NOW, savings and money market accounts | ($769.7M) | ($881.8M) | ($10.3M) | — |
| Decrease in certificates of deposit and brokered deposits | ($260.4M) | ($341.5M) | ($270.8M) | — |
| Proceeds from FHLB advances | $1.7B | $1.2B | $791.0M | $811.0M |
| Repayment of FHLB advances | ($1.6B) | ($885.1M) | ($1.7B) | ($663.6M) |
| Increase in other borrowed funds, net | $19.0M | $17.4M | ($39.3M) | — |
| Decrease in mortgagors' escrow accounts, net | $0 | $0 | ($4.7M) | — |
| Payment of dividends on common stock | ($54.1M) | ($27.0M) | ($36.1M) | ($16.7M) |
| Net cash used for financing activities | ($987.8M) | ($966.7M) | ($1.3B) | ($298.9M) |
| Net decrease in cash and cash equivalents | ($825.6M) | ($928.8M) | $677.0M | ($325.7M) |
| Cash and cash equivalents at beginning of period | $2.0B | $2.0B | $543.7M | $1.1B |
| Cash and cash equivalents at end of period | $1.2B | $1.1B | $1.2B | $802.7M |
| Interest on deposits, borrowed funds and subordinated debt | $201.0M | $100.6M | $214.0M | $12.3M |
| Income taxes | $6.2M | $3.7M | $13.8M | — |
| Transfer from loans to other OREO and repossessed assets | $123.0K | $52.0K | $925.0K | — |
Beacon Financial Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.