Beacon Financial Corporation (BBT)
NYSE:BBT
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Earnings Data
Report Date
Jul 22, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.77Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: significant operational positives include the completion of the core systems conversion, strong capital levels (CET1 11%, TCE 9.1%), disciplined expense control (operating efficiency ~59.5%), and healthy core operating profitability (operating ROA ~1.01%, ROTCE ~11.24%). However, these were offset by disappointing near-term financial results: GAAP and operating earnings missed expectations, net interest income and NIM contracted, balance sheet contraction (assets down ~$992M, deposits down 6%), increased nonperforming loans (83 bps), and elevated charge-offs (30 bps annualized). Management expects improvement as merger work is behind them, but near-term headwinds and specific CRE credit issues (Boston office, some rent-controlled multifamily) temper the outlook.Company Guidance
Completion of Core Systems Conversion and Integration Milestone
Successfully completed a core systems conversion in mid-February with strong client retention; merger-related implementation work and major merger charges are now largely complete, enabling management to shift focus to execution and revenue/efficiency capture.
Capital Strength and Shareholder Actions
CET1 capital at 11% and tangible common equity at 9.1%; tangible book value increased $0.16 to $23.48 per share. Board approved a quarterly dividend of $0.3225 per share and authorized a $50 million share repurchase program (subject to regulatory approval).
Operating Profitability Metrics
Operating earnings of $58.4 million or $0.70 per share (excludes $13 million pretax merger charges); operating ROA ~1.01% and operating return on tangible common equity ~11.24%, demonstrating core profitability and expense discipline.
Controlled Expenses and Efficiency
Total noninterest expense essentially flat QoQ and nearly $1 million below budget; operating efficiency ratio (ex-merger charges) of 59.5%, reflecting disciplined cost management and realized merger synergies.
Funding Cost Improvement and Bond Portfolio Purchases
Interest-bearing deposit costs declined 17 basis points sequentially; the firm purchased roughly $130 million of securities with new money yields around 4.29% and portfolio duration of ~3.5-3.8 years.
Solid Originations with High Coupon and Floating Mix
Loan originations and draws totaled $734 million during the quarter with a weighted average coupon of 7.628% and 67% of originations floating, indicating attractive new production yields relative to book yields.
BBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $31.34 | $28.53 | -8.97% |
Jan 28, 2026 | $27.88 | $28.62 | +2.66% |
Oct 29, 2025 | $22.59 | $23.56 | +4.28% |
Jul 24, 2025 | $25.46 | $24.99 | -1.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Beacon Financial Corporation (BBT) report earnings?
Beacon Financial Corporation (BBT) is schdueled to report earning on Jul 22, 2026, After Close (Confirmed).
What is Beacon Financial Corporation (BBT) earnings time?
Beacon Financial Corporation (BBT) earnings time is at Jul 22, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBT EPS forecast?
BBT EPS forecast for the fiscal quarter 2026 (Q2) is 0.77.