The filing is a routine investor presentation recapping already-reported Q2 results. No new guidance or material developments were disclosed. Monitor upcoming Q3 earnings for continued margin and credit quality trends, particularly office CRE exposure ($1.2B, 6.6% of loans) and NPA trajectory.
Price Chart
Executive Summary
Beacon Financial Corp filed an 8-K with a fixed-income investor presentation covering Q2 2026 results. The presentation shows strong sequential improvement: GAAP EPS rose to $0.77 from $0.55, net income increased to $64.4M from $46.2M, ROAA improved to 1.17% from 0.84%, and the efficiency ratio dropped to 58.1% from 65.6%. Capital ratios strengthened (CET1 to 11.6%, TCE/TA to 9.25%) while credit quality metrics slightly weakened (NPAs/assets to 0.70% from 0.68%, NCOs to 0.32% from 0.30%). The presentation is a routine investor update with no new material disclosures beyond previously reported Q2 results.
Key Facts
- GAAP diluted EPS of $0.77 for Q2 2026, up from $0.55 in Q1 2026
- Net income of $64.4M for Q2 2026, up from $46.2M in Q1 2026
- ROAA of 1.17% vs 0.84% in Q1 2026; ROATE of 12.8% vs 9.3%
- Efficiency ratio improved to 58.1% from 65.6% in Q1 2026
- NIM expanded to 3.81% from 3.78%
- TCE/TA ratio improved to 9.25% from 9.07%; CET1 ratio to 11.6% from 11.2%
- NPAs/assets edged up to 0.70% from 0.68%; NCOs to 0.32% from 0.30%
- Total assets of $22.3B, gross loans of $17.8B, deposits of $18.5B as of 6/30/2026
- No merger-related charges in Q2 2026 vs $13.0M in Q1 2026
- Investment grade credit ratings from Moody's and KBRA with stable outlook
Financial Impact
Q2 2026 net income of $64.4M, GAAP EPS of $0.77, ROAA 1.17%, NIM 3.81%
Risk Factors
- Office CRE portfolio of $1.2B (6.6% of loans) with 3.7% NPLs and $3.7M NCOs in Q2
- NPAs/assets rising sequentially to 0.70% from 0.68%
- CRE concentration at 317% of total risk-based capital, though declining
- NCOs increased to 0.32% from 0.30% annualized
- $2.9B of $7.3B investment CRE portfolio maturing or repricing within 24 months
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-095466 |
| Document: tm2622869d1_8k.htm | 0001104659-26-095466 |
| Document: 0001104659-26-095466-index-headers.html | 0001104659-26-095466 |
| Document: 0001104659-26-095466-index.html | 0001104659-26-095466 |
| Document: 0001104659-26-095466.txt | 0001104659-26-095466 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Insider Cluster | $30.86 $30.71 | ▼ −0.49% | ▼ −1.05% | $30.71 (−0.49%) |
Oct 26, 2026 1d ago | Insider Cluster | $30.86 $30.71 | ▼ −0.49% | ▼ −1.05% | $30.71 (−0.49%) |
Oct 23, 2026 4d ago | SC 13G/A | $30.86 $30.71 | ▲ +0.49% | ▲ +1.05% | $30.71 (+0.49%) |
Oct 21, 2026 6d ago | 8-K | $29.95 $30.07 | ▲ +0.40% | ▲ +0.92% | $30.71 (+2.54%) |
Oct 21, 2026 6d ago | Press Release | $29.95 $30.07 | ▼ −0.40% | ▼ −0.92% | $30.71 (−2.54%) |
Sep 30, 2026 27d ago | Press Release | $27.99 | awaiting T+1 | awaiting T+1 | $30.71 (+9.72%) |
Sep 29, 2026 28d ago | 8-K | $27.99 $28.10 | ▲ +0.39% | ▲ +0.21% | $30.71 (+9.72%) |
Sep 21, 2026 5w ago | 8-K | $28.75 $28.42 | ▼ −1.15% | ▼ −1.13% | $30.71 (+6.82%) |
Sep 21, 2026 5w ago | Press Release | $28.75 $28.42 | ▼ −1.15% | ▼ −1.13% | $30.71 (+6.82%) |
Aug 17, 2026 10w ago | 424B5 | $32.61 $32.50 | ▼ −0.34% | ▲ +0.34% | $30.71 (−5.83%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers