Beacon Financial Corporation (NYSE:BBT) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting third-quarter net interest income of $197,153 thousand and total assets of $21,875,584 thousand.

Key Highlights

  • Net interest income: $197,153 thousand for the three months ended September 30, 2026, up from $128,850 thousand in the same period of 2025, according to the filing.
  • Total assets: $21,875,584 thousand at September 30, 2026, compared with $23,220,372 thousand at December 31, 2025, the company disclosed.
  • Total loans and leases: $17,652,416 thousand at September 30, 2026, down from $18,029,552 thousand at December 31, 2025, per the filing.
  • Allowance for loan and lease losses: $233,188 thousand at September 30, 2026, compared with $252,839 thousand at December 31, 2025, the registrant reported.
  • Total deposits: $18,182,560 thousand at September 30, 2026, down from $19,514,657 thousand at December 31, 2025, according to the filing.
  • Shares outstanding: 83,303,360 shares of common stock as of November 6, 2026, the company disclosed.
  • Nine-month net interest income: $581,134 thousand for the nine months ended September 30, 2026, versus $303,365 thousand for the same period in 2025, per the filing.

Beacon Financial Corporation's Third-Quarter 2026 Financial Position and Income Results

Beacon Financial Corporation, headquartered at 131 Clarendon Street, Boston, MA 02116, filed its quarterly report on Form 10-Q for the period ended September 30, 2026. The registrant, which trades on the New York Stock Exchange under the symbol NYSE:BBT, is classified as a large accelerated filer and reported 83,303,360 shares of common stock outstanding as of November 6, 2026. The company's subsidiary bank is identified in the filing as Beacon Bank and Trust.

According to the filing, total interest and dividend income for the three months ended September 30, 2026 was $298,913 thousand, compared with $212,405 thousand for the same quarter in 2025. Total interest expense for the third quarter of 2026 was $101,760 thousand, resulting in net interest income of $197,153 thousand. The provision for credit losses on loans was $8,875 thousand for the quarter, down from $20,268 thousand in the third quarter of 2025, the company disclosed. Total non-interest income for the three months ended September 30, 2026 was $25,999 thousand, versus $12,345 thousand a year earlier. Compensation and employee benefits, the largest non-interest expense line item, totaled $69,439 thousand for the quarter, compared with $49,999 thousand in the prior-year period.

On the balance sheet, the registrant reported total stockholders' equity of $2,519,589 thousand at September 30, 2026, compared with $2,496,061 thousand at December 31, 2025. Retained earnings stood at $576,280 thousand, up from $485,862 thousand at year-end 2025. Accumulated other comprehensive loss was $(91,478) thousand at September 30, 2026, versus $(20,002) thousand at December 31, 2025. Total borrowed funds were $775,473 thousand at September 30, 2026, the filing stated. Goodwill was reported at $357,358 thousand, with identified intangible assets, net, at $164,780 thousand.

What Was Disclosed

Beacon Financial Corporation disclosed its unaudited consolidated financial statements for the quarter and nine months ended September 30, 2026, covering income, balance sheet, and equity data, alongside management's discussion and analysis and disclosures on market risk and controls.