NYSE : BBT
Beacon Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 30.62 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.57B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.09B | 767.55M | 587.93M | 533.74M | 328.77M | 297.93M |
| Interest Income on Investments | 108.91M | 65.23M | 40.59M | 43.55M | 16.42M | 13.60M |
| Total Interest Income | 1.20B | 832.79M | 628.52M | 577.29M | 345.19M | 311.53M |
| Interest Paid on Deposits | 376.01M | 280.50M | 232.96M | 175.66M | 29.59M | 20.71M |
| Interest Paid on Borrowings | 40.63M | 49.18M | 65.97M | 61.91M | 15.82M | 8.44M |
| Total Interest Expense | 416.64M | 329.68M | 298.94M | 237.58M | 45.41M | 29.16M |
| Net Interest Income | 780.88M | 503.11M | 329.58M | 339.71M | 299.77M | 282.37M |
| Trust Income | 18.43M | 9.75M | 5.99M | 4.62M | ||
| Gain (Loss) on Sale of Investments | 20.00K | -12.00K | 359.00K | 1.36M | 219.00K | -38.00K |
| Other Non-Interest Income | 33.74M | 14.85M | 8.13M | 11.41M | 12.97M | 12.71M |
| Total Non-Interest Income | 101.87M | 49.88M | 25.97M | 31.59M | 28.25M | 26.99M |
| Revenues Before Loan Losses | 882.75M | 552.99M | 355.56M | 371.31M | 328.02M | 309.36M |
| Provision for Loan Losses | 29.92M | 41.38M | 22.00M | 37.87M | 8.53M | -7.84M |
| Revenue | 852.83M | 511.61M | 333.56M | 333.44M | 319.49M | 317.20M |
| Salaries and Employee Benefits | 276.07M | 187.70M | 139.82M | 134.79M | 109.83M | 103.81M |
| Occupancy Expenses | 18.57M | 18.57M | 13.07M | 11.68M | 9.70M | 8.80M |
| Federal Deposit Insurance | 12.42M | 7.81M | 8.04M | 7.84M | 3.18M | 2.98M |
| Amortization of Goodwill & Intangibles | 33.56M | 15.22M | 6.75M | 7.84M | 494.00K | 876.00K |
| Selling, General & Administrative | 126.63M | 73.58M | 52.63M | 51.58M | 40.83M | 36.33M |
| Other Non-Interest Expense | 43.34M | 25.16M | 17.35M | 18.38M | 13.26M | 9.82M |
| Total Non-Interest Expense | 510.59M | 328.05M | 237.66M | 232.11M | 177.29M | 162.61M |
| EBT Excluding Unusual Items | 342.24M | 183.56M | 95.89M | 101.33M | 142.20M | 154.59M |
| Pretax Income | 309.69M | 121.86M | 91.69M | 93.91M | 139.95M | 154.59M |
| Income Tax Expense | 84.50M | 31.59M | 22.98M | 18.91M | 30.20M | 39.15M |
| Earnings From Continuing Operations | 225.19M | 90.27M | 68.72M | 75.00M | 109.74M | 115.44M |
| Net Income | 225.19M | 90.27M | 68.72M | 75.00M | 109.74M | 115.44M |
| Net Income to Common | 225.19M | 90.27M | 68.72M | 75.00M | 109.74M | 115.44M |
| Basic Shares Outstanding | 83.82M | 87.38M | 88.98M | 88.23M | 77.08M | 77.97M |
| Diluted Shares Outstanding | 83.91M | 87.70M | 89.30M | 88.45M | 77.35M | 78.24M |
| EPS (Basic) | 2.69 | 1.03 | 0.77 | 0.85 | 1.42 | 1.48 |
| EPS (Diluted) | 2.69 | 1.03 | 0.77 | 0.85 | 1.42 | 1.48 |
| Dividend Per Share | 1.29 | 0.92 | 0.54 | 0.54 | 0.53 | 0.48 |
| Effective Tax Rate | 27.28% | 25.92% | 25.06% | 20.14% | 21.58% | 25.33% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 771.35M | 2.04B | 543.67M | 133.03M | 382.96M | 327.74M |
| Investment Securities | 1.96B | 937.76M | 720.72M | 714.79M | 290.75M | 517.40M |
| Trading Asset Securities | 103.23M | 103.60M | 101.49M | 109.47M | 74.75M | |
| Mortgage-Backed Securities | 822.32M | 203.83M | 231.61M | 227.91M | ||
| Total Investments | 1.96B | 1.86B | 1.03B | 1.05B | 400.22M | 820.06M |
| Gross Loans | 17.65B | 18.03B | 9.78B | 9.64B | 7.66B | 7.17B |
| Allowance for Loan Losses | -233.19M | -252.84M | -125.08M | -117.52M | -98.48M | -99.08M |
| Other Adjustments to Gross Loans | -11.30M | -10.90M | ||||
| Net Loans | 17.42B | 17.78B | 9.65B | 9.52B | 7.55B | 7.06B |
| Property, Plant & Equipment | 247.75M | 245.29M | 130.31M | 120.72M | 90.88M | 90.87M |
| Goodwill | 357.36M | 351.61M | 241.22M | 241.22M | 160.43M | 160.43M |
| Other Intangible Assets | 164.78M | 189.56M | 17.46M | 24.21M | 1.78M | 2.28M |
| Accrued Interest Receivable | 77.80M | 37.50M | 39.10M | 26.10M | 16.70M | |
| Long-Term Deferred Tax Assets | 156.37M | 149.49M | 56.62M | 56.95M | 52.24M | 38.99M |
| Other Real Estate Owned & Foreclosed | 2.50M | 2.59M | 1.10M | 1.69M | 408.00K | 718.00K |
| Other Long-Term Assets | 799.82M | 522.27M | 195.08M | 193.38M | 472.01M | 78.99M |
| Total Assets | 21.88B | 23.22B | 11.91B | 11.38B | 9.19B | 8.60B |
| Accrued Expenses | 296.12M | 169.71M | 78.50M | 59.37M | 63.53M | 64.49M |
| Interest Bearing Deposits | 14.30B | 14.08B | 6.60B | 6.39B | 4.45B | 4.80B |
| Institutional Deposits | 1.40B | 613.23M | 484.00M | 272.20M | 359.30M | |
| Non-Interest Bearing Deposits | 3.89B | 4.03B | 1.69B | 1.68B | 1.80B | 1.89B |
| Total Deposits | 18.18B | 19.51B | 8.90B | 8.55B | 6.52B | 7.05B |
| Short-Term Borrowings | 115.77M | 150.51M | 184.85M | 172.42M | 223.06M | 199.19M |
| Current Portion of Long-Term Debt | 510.45M | 1.28B | 742.10M | 1.00B | 114.80M | |
| Current Portion of Leases | 18.70M | |||||
| Long-Term Debt | 301.47M | 198.57M | 84.33M | 84.19M | 84.04M | 83.90M |
| Federal Home Loan Bank Debt, Long-Term | 358.24M | 45.34M | 77.55M | 481.13M | 234.52M | 33.11M |
| Long-Term Leases | 87.96M | 72.01M | 44.78M | 32.00M | 19.48M | 20.51M |
| Pension & Post-Retirement Benefits | 15.10M | 11.50M | 12.40M | 12.20M | 15.30M | |
| Other Long-Term Liabilities | 13.88M | 29.25M | 21.86M | 51.89M | 31.42M | 26.08M |
| Total Liabilities | 19.36B | 20.72B | 10.68B | 10.18B | 8.19B | 7.61B |
| Common Stock | 896.00K | 896.00K | 970.00K | 970.00K | 852.00K | 852.00K |
| Additional Paid-In Capital | 2.17B | 2.17B | 902.58M | 902.66M | 736.07M | 736.83M |
| Retained Earnings | 576.28M | 485.86M | 458.94M | 438.72M | 412.02M | 342.64M |
| Treasury Stock | -133.83M | -142.58M | -87.68M | -90.91M | -94.87M | -84.72M |
| Comprehensive Income & Other | -91.48M | -20.00M | -52.88M | -52.80M | -61.95M | -257.00K |
| Shareholders' Equity | 2.52B | 2.50B | 1.22B | 1.20B | 992.12M | 995.34M |
| Total Liabilities & Equity | 21.88B | 23.22B | 11.91B | 11.38B | 9.19B | 8.60B |
| Total Debt | 863.43M | 995.59M | 1.67B | 1.51B | 1.56B | 451.51M |
| Net Cash (Debt) | -92.08M | 1.15B | -1.02B | -1.28B | -1.07B | -49.02M |
| Net Cash Per Share | -1.10 | 13.11 | -11.45 | -14.44 | -13.86 | -0.63 |
| Filing Date Shares Outstanding | 83.88M | 83.82M | 89.98M | 88.89M | 88.67M | 77.61M |
| Total Common Shares Outstanding | 83.88M | 83.82M | 89.98M | 88.89M | 76.84M | 77.61M |
| Book Value Per Share | 30.04 | 29.78 | 13.58 | 13.48 | 12.91 | 12.82 |
| Tangible Book Value | 2.00B | 1.95B | 963.26M | 933.22M | 829.92M | 832.64M |
| Tangible Book Value Per Share | 23.81 | 23.32 | 10.71 | 10.50 | 10.80 | 10.73 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 90.27M | 68.72M | 75.00M | 109.74M | 115.44M | |
| Depreciation & Amortization | 24.78M | 14.64M | 16.00M | 6.52M | 6.67M | |
| Other Amortization | 100.00K | 100.00K | 100.00K | 101.00K | 100.00K | |
| Gain (Loss) on Sale of Assets | 565.00K | 574.00K | 185.00K | 178.00K | -1.99M | |
| Gain (Loss) on Sale of Investments | -9.95M | -5.66M | -10.36M | 1.31M | 3.20M | |
| Total Asset Writedown | -1.75M | 1.31M | -1.61M | 41.00K | -80.00K | |
| Provision for Credit Losses | 41.39M | 21.64M | 38.21M | 8.63M | -7.84M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 83.33M | |||||
| Change in Trading Asset Securities | 520.00K | |||||
| Change in Other Net Operating Assets | -6.05M | 7.47M | -13.52M | -14.33M | 6.07M | |
| Other Operating Activities | 1.46M | -6.27M | 11.46M | 9.29M | 12.11M | |
| Operating Cash Flow | 224.44M | 104.95M | 116.60M | 120.76M | 133.21M | |
| Capital Expenditures | -12.29M | -4.99M | -12.36M | -7.39M | -4.79M | |
| Cash Acquisitions | 1.08B | -80.21M | ||||
| Investment in Securities | 333.15M | 25.52M | 139.50M | -20.28M | 258.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 870.83M | -156.18M | -711.46M | -495.62M | 105.22M | |
| Other Investing Activities | 24.63M | -3.96M | -734.00K | -34.40M | 30.42M | |
| Investing Cash Flow | 2.30B | -139.60M | -665.26M | -557.69M | 131.11M | |
| Long-Term Debt Issued | 1.06B | 1.65B | 6.16B | 8.61B | 415.55M | |
| Long-Term Debt Repaid | -2.35B | -1.51B | -6.26B | -7.53B | -878.62M | |
| Net Debt Issued (Repaid) | -1.29B | 142.92M | -109.26M | 1.08B | -463.08M | |
| Repurchase of Common Stock | -2.00M | -687.00K | -710.00K | -14.50M | -10.62M | |
| Common Dividends Paid | -63.12M | -48.06M | -47.93M | -40.08M | -37.46M | |
| Net Increase (Decrease) in Deposit Accounts | 328.14M | 352.48M | 457.31M | -527.76M | 139.25M | |
| Other Financing Activities | -367.00K | -1.36M | -678.00K | -689.00K | 395.00K | |
| Financing Cash Flow | -1.03B | 445.29M | 298.74M | 492.15M | -371.51M | |
| Net Cash Flow | 1.50B | 410.64M | -249.93M | 55.22M | -107.18M | |
| Free Cash Flow | 212.16M | 99.97M | 104.24M | 113.37M | 128.42M | |
| Free Cash Flow Margin | 41.47% | 29.97% | 31.26% | 35.49% | 40.49% | |
| Free Cash Flow Per Share | 2.42 | 1.12 | 1.18 | 1.47 | 1.64 | |
| Cash Interest Paid | 328.86M | 291.43M | 238.40M | 41.04M | 30.29M | |
| Cash Income Tax Paid | 14.97M | 13.09M | 8.63M | 22.55M | 27.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.57B | 2.22B | ||||
| Last Close Price | 30.62 | 25.54 | ||||
| PE Ratio | 11.40 | 24.57 | ||||
| PS Ratio | 3.01 | 4.34 | ||||
| PB Ratio | 1.02 | 0.89 | ||||
| P/FCF Ratio | 11.88 | 10.46 | ||||
| P/OCF Ratio | 11.01 | 9.88 | ||||
| Debt / Equity Ratio | 0.34 | 0.40 | 1.37 | 1.26 | 1.58 | 0.45 |
| Debt / FCF Ratio | 4.69 | 16.70 | 14.50 | 13.80 | 3.52 | |
| Net Debt / Equity Ratio | 0.04 | -0.46 | 0.84 | 1.07 | 1.08 | 0.05 |
| Net Debt / FCF Ratio | -5.42 | 10.23 | 12.25 | 9.46 | 0.38 | |
| Return on Equity (ROE) | 9.13% | 4.86% | 5.68% | 6.85% | 11.04% | 11.92% |
| Return on Assets (ROA) | 1.01% | 0.51% | 0.59% | 0.73% | 1.23% | 1.32% |
| Earnings Yield | 8.77% | 4.07% | ||||
| FCF Yield | 8.42% | 9.56% | ||||
| Dividend Yield | 4.21% | 3.46% | ||||
| Payout Ratio | 48.02% | 69.92% | 69.94% | 63.90% | 36.52% | 32.45% |
| Buyback Yield / Dilution | 5.50% | 1.79% | -0.96% | -14.35% | 1.14% | 1.09% |
| Total Shareholder Return | 9.71% | 5.25% | -0.96% | -14.35% | 1.14% | 1.09% |