| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 83 | 9.7x | 17.3x | Top tier | |
Growth | 93 | 74.5% | 7.1% | Top tier | |
Quality | 64 | — | — | Around median | |
Safety | 19 | — | — | Bottom tier | |
Capital Return | 95 | 2.36% | 0.06% | Top tier | |
Momentum | 69 | 19.4% | -1.6% | Top tier | |
Sentiment | 90 | 6 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Beacon Financial Corp., listed under ticker BBT on NYSE, operates in regional banking across New England and New York, combining commercial and real estate lending, equipment financing, consumer services, and wealth management. It generates income from the spread between asset yields and funding costs, alongside fees, loan sales, and loan-related derivatives. In quarter 2 of fiscal year 2026 ended 2026-06-30, net interest income totaled $193.2 million, compared with noninterest income of $26 million; its fee businesses include a payroll deposit service that requires a substantial portion of its fluctuating balances to be held at the Federal Reserve.
Net revenue totaled $219.2 million in quarter 2 of fiscal year 2026, up 118.1% from the same quarter a year earlier, while net income reached $64.4 million and diluted earnings per share were $0.77. By comparison, quarter 1 of fiscal year 2026 recorded net revenue of $214.7 million, net income of $46.2 million, and diluted earnings per share of $0.55. Net interest margin was 3.81% in quarter 2 of fiscal year 2026, while the core efficiency ratio reached 54.26%; the absence of merger and restructuring expenses, lower provisions, and improved interest and fee income helped lift profitability.
Beacon Financial's assets totaled approximately $22.3 billion at the end of quarter 2 of fiscal year 2026, but loan balances declined by $102 million during the quarter despite new loan originations exceeding $850 million. Meanwhile, deposits increased by $194 million and borrowings declined by $184 million during the same quarter. This combination shows that earnings improved ahead of a return to net loan growth, while credit quality remains a decisive factor as nonperforming loans rose to 86 basis points of total loans at quarter-end.
Q2 FY2026
When: 2026-10-21
Net interest margin test at the 3.81% level
Loan balance growth test at the 0% quarter-over-quarter threshold
The median price target from 6 analysts was $36 in the 2026-10-19 snapshot, a valuation reflecting growth expectations, with a neutral consensus and analysts' targets inherently tending toward optimism. The industry-multiple valuation is $35, within a range of $30 to $43, based on a median price-to-book multiple of 1.2 across 335 companies, measuring the bank's value when priced on a basis similar to its peers. The two methods converge at $35 and $36, but the analyst target looks at expected performance, while the industry method relies on the book equity base and comparable-company multiples.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
Net interest income totaled $193.2 million in quarter 2 of fiscal year 2026 ended 2026-06-30, compared with noninterest income of $26 million. Sources of noninterest income include loan sales, loan-related derivatives, and wealth management fees, alongside payroll services. Management explained on the 2026-07-30 call that payroll deposits fluctuate daily between $400 million or $500 million and more than $2 billion, so the excess is held at the Federal Reserve and the service is managed primarily as a fee business.
Net income totaled $64.4 million and diluted earnings per share were $0.77 in quarter 2 of fiscal year 2026 ended 2026-06-30, compared with $46.2 million and $0.55 in quarter 1 of fiscal year 2026. The absence of the $13 million in merger and restructuring expenses incurred in quarter 1 of fiscal year 2026 helped drive this improvement. However, quarter 2 of fiscal year 2026 also saw net interest income increase by $2.4 million and noninterest income by $2 million from the previous quarter, alongside a decline in provision expense to $5 million.
Automated analysis for informational purposes only — not investment advice.
Nonperforming loan ratio test at the 86 basis point level
Net loan charge-offs totaled $14.3 million in quarter 2 of fiscal year 2026 ended 2026-06-30, concentrated in a Boston office loan, an industrial laundry financing relationship at Eastern Funding, and two rent-controlled multifamily properties. Nonperforming loans reached 86 basis points of total loans at quarter-end, compared with 83 basis points at the end of the previous quarter. On the 2026-07-30 call, management expected charge-offs to remain elevated for the rest of fiscal year 2026 and explained that the Eastern Funding relationship was subject to litigation and that the bank was monitoring its office and laboratory exposures.
The commercial and commercial real estate lending pipeline totaled approximately $1.3 billion at the end of June 2026, and approximately $1.9 billion when unapproved applications are added. These figures exclude the small business, residential, consumer, and Eastern Funding portfolios, according to management's explanation on the 2026-07-30 call. Management expected modest loan growth in quarter 3 of fiscal year 2026 and an acceleration in quarter 4 of fiscal year 2026, but the $102 million decline in loan balances in quarter 2 of fiscal year 2026 makes actual execution the most important test of this outlook.
Beacon Financial did not execute any share repurchases during quarter 2 of fiscal year 2026 ended 2026-06-30, and a $50 million authorization remained available according to the 2026-07-30 call. The bank announced on the call that the board had approved a quarterly cash dividend of $0.3225 per share. Diluted shares declined to 83.9 million in quarter 2 of fiscal year 2026 from 89.6 million in quarter 2 of fiscal year 2025, but this decline does not establish that repurchases were executed during quarter 2 of fiscal year 2026.