secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001171843-26-002833
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beacon Financial Q1 net income $46.2M ($0.55 EPS); operating EPS $0.70; $0.3225 dividend, $50M buyback
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- Net income $46.2M ($0.55 diluted EPS) vs $53.4M ($0.64) in Q4 2025 and $19.1M ($0.21) in Q1 2025.
- Operating earnings (non-GAAP) $58.4M, operating EPS $0.70.
- Net interest margin fell 4 bps to 3.78%; net interest income $190.8M.
- Net charge-offs $13.6M (30 bps annualized); nonperforming loan ratio rose to 0.83% from 0.63%.
- Board approved $50M stock buyback (subject to regulatory approval) and $0.3225 dividend payable May 29, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000117184326002833/0001171843-26-002833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000117184326002833/f8k_042926.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002833

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