Beacon Financial Corporation (NYSE: BBT) filed its quarterly report on Form 10-Q for the period ended June 30, 2026, with the U.S. Securities and Exchange Commission on August 7, 2026, disclosing consolidated financial results and balance sheet data for the three and six months ended June 30, 2026.

Key Highlights

  • Total assets: $22,250,964 thousand at June 30, 2026, compared to $23,220,372 thousand at December 31, 2025.
  • Net interest income: $193,207 thousand for the three months ended June 30, 2026, up from $88,685 thousand in the same period of 2025.
  • Total deposits: $18,485,864 thousand at June 30, 2026, compared to $19,514,657 thousand at December 31, 2025.
  • Total stockholders' equity: $2,539,796 thousand at June 30, 2026, compared to $2,496,061 thousand at December 31, 2025.
  • Shares outstanding: 83,816,086 shares of common stock as of July 31, 2026.
  • Net loans and leases: $17,584,029 thousand at June 30, 2026, compared to $17,776,713 thousand at December 31, 2025.
  • Total non-interest income: $25,988 thousand for the three months ended June 30, 2026, compared to $5,970 thousand in the same period of 2025.

Beacon Financial Corporation Balance Sheet and Income Results for Q2 2026

According to the filing, Beacon Financial Corporation reported total assets of $22,250,964 thousand at June 30, 2026, a decrease from $23,220,372 thousand at December 31, 2025. The company disclosed that total loans and leases stood at $17,822,218 thousand, with commercial real estate loans comprising $9,884,139 thousand, commercial loans and leases at $3,981,803 thousand, and consumer loans at $3,956,276 thousand. The allowance for loan and lease losses was $238,189 thousand at June 30, 2026, compared to $252,839 thousand at December 31, 2025.

The filing reported net interest income of $193,207 thousand for the three months ended June 30, 2026, compared to $88,685 thousand for the same period in 2025. For the six months ended June 30, 2026, net interest income totaled $383,981 thousand, versus $174,515 thousand for the six months ended June 30, 2025. Total interest and dividend income for the second quarter of 2026 was $293,634 thousand, with loans and leases contributing $265,596 thousand. The provision for credit losses on loans was $5,007 thousand for the three months ended June 30, 2026, compared to $6,997 thousand in the prior-year quarter.

On the liability side, the company disclosed total deposits of $18,485,864 thousand at June 30, 2026. Total borrowed funds were $888,592 thousand, including $633,292 thousand in FHLB advances and $202,278 thousand in subordinated debentures and notes. Stockholders' equity increased to $2,539,796 thousand from $2,496,061 thousand at December 31, 2025, with retained earnings of $542,304 thousand. Accumulated other comprehensive loss was $(34,929) thousand. Treasury stock stood at $(132,555) thousand, representing 5,211,670 shares held at cost. The company is classified as a large accelerated filer, according to the filing.

What Was Disclosed

Beacon Financial Corporation disclosed its unaudited consolidated financial statements for the three and six months ended June 30, 2026, including balance sheet data, income statements, and details on loans, deposits, and stockholders' equity, in a Form 10-Q filed August 7, 2026.