Beacon Financial Q1 FY26 net income more than doubled to $46.2 million; net interest margin widens 56 bps to 3.78%

Beacon Financial Corporation

Beacon Financial Corporation

BBT

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  • Beacon Financial posted net income of $46.2 million, up 142% year over year, with earnings of $0.55 per share.
  • Net interest margin widened to 3.78% from 3.22%, lifting net interest income to $190.8 million, up more than doubled.
  • Nonperforming assets climbed to $151.2 million, or 0.68% of total assets, from $116.7 million, or 0.5%, at Dec. 31, 2025.
  • Total deposits fell $1.2 billion to $18.3 billion, while borrowed funds rose to $1.1 billion from $0.8 billion at Dec. 31, 2025.
  • Management expects net interest margin to be stable near term, noting it remains highly dependent on deposit pricing and funding mix if the FRB cuts rates in coming quarters.


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