Beacon Financial Corp — Form 8-K
Filed October 21, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Beacon Financial (NASDAQ: BBT, ~$1.1B market cap) reported Q3 2026 net income of $61.2M ($0.73 EPS) vs. $64.4M in Q2 2026. Net interest income increased $3.9M to $197.2M with NIM expanding 4bp to 3.85%. The Board increased stock repurchase authorization by $75M to $125M total. Total assets $21.9B, loans $17.7B, deposits $18.2B. Nonperforming assets rose to 0.75% of assets; loan growth was negative ($170M decline) due to CRE, consumer, and equipment finance headwinds. New CEO Sean Gray (started end of Q3) announced priorities: expense discipline, core funding, disciplined loan growth, fee diversification, and capital returns.
Why this rating
Modest earnings decline LQ, positive margin expansion, but loan contraction signals weakness. Buyback modest relative to $1.1B cap. CEO transition and restructuring underway; routine quarterly disclosure.
See more from October 21, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.