M&A
confidence high
sentiment neutral
materiality 0.65
Beacon Financial completes merger with Brookline; pro forma assets $23.5B
Beacon Financial Corp
- Pro forma combined total assets of $23.5B at June 30, 2025; loans $18.7B, deposits $18.9B.
- Pro forma FY2024 net income $135.4M ($1.69 diluted EPS); H1 2025 net income $122.0M ($1.46 diluted EPS).
- Merger accounted for as reverse acquisition with Brookline as accounting acquirer; equity $2.4B.
- Estimated pre-tax merger costs of $93.0M; net-of-tax costs $73.9M, excluded from pro forma.
- Legacy Brookline stockholders control ~45% of pro forma voting interests.