Beacon Financial Corp — fact timeline

Beacon Financial Corp reported the first quarter of 2026 results: revenue $190.8 million, net income $46.2 million, EPS $0.55 per basic and diluted share.

“$23.32 at December 31, 2025 to $23.48 at March 31, 2026, and increased $12.45 from $11.03 at March 31, 2025. NET INTEREST INCOME Net interest income decreased $8.9 million to $190.8 million during the first quarter of 2026 from $199.7 million for the quarter ended December 31, 2025. The net interest margin decreased 4 basis points to 3.78 percent for the three”

Beacon Financial Corp engaged KPMG LLP as its auditor.

“ompany’s independent registered public accounting firm and (ii) the appointment of KPMG LLP (“KPMG”), Brookline’s former independent registered public accounting firm, as the Company’s independent registered public accounting firm. The audit reports of Crowe on the Company’s consolidated financial statements for the fiscal years ended December 31, 2024 (“Fiscal 2024”) and December 31, 2023 (“Fiscal 2023”) did not contain an adverse opinion or a disclaimer of opinion, or were qualified or modified as to uncertainty, audit scope, or accounting principles. During Fiscal 2023 and Fiscal 2024, and subsequently through September 8, 2025, there were: (i) no disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Crowe, would have caused it to make reference to th”

Beacon Financial Corp dismissed Crowe LLP as its auditor.

“approved (i) the dismissal of Crowe LLP (“Crowe”) as the Company’s independent registered public accounting firm”

Beacon Financial Corp incurred senior notes of $4,900,000 with Brookline Bancorp at Fixed/floating rate maturing June 26, 2033.

“ompletes Merger of Equals between Berkshire Hills Bancorp and Brookline Bancorp Boston, September 2, 2025 – Beacon Financial Corporation, Inc. (NYSE: BBT) today announced the completion of the merger of equals between Berkshire Hills”

Beacon Financial Corp incurred senior notes of $4,900,000 with Brookline Bancorp at Floating rate maturing March 17, 2034.

“In addition, the Company assumed Brookline’s obligations with respect to Brookline’s outstanding trust preferred securities and subordinated notes, consisting of (i) $4.9 million of floating rate junior subordinated deferrable interest debenture due March 17, 2034 (the “2034 Debenture”)”

Beacon Financial Corp incurred senior notes of $75,000,000 with Brookline Bancorp at 6.000% Fixed-to-Floating Rate maturing September 15, 2029.

“In connection with the Holdco Merger, the Company assumed $75.0 million of 6.000% Fixed-to-Floating Rate Subordinated Debentures due September 15, 2029 (the “Notes”) of Brookline.”

Beacon Financial Corp: Amended bylaws to set board composition with 16 directors, designate chairman and CEO for two-year terms, specify executive officers, require two-thirds vote to remove certain officers or approve a merger, clarify stockholder meeting and advance notice provisions.

“Pursuant to the Merger Agreement, the amendment to the Amended and Restated Bylaws (the "Bylaws Amendment") effect the following corporate governance arrangements: · Composition of the Board of Directors . The boards of directors of the Beacon Financial and Beacon Bank each are comprised of 16 directors, with eight directors designated by each of Berkshire (which will include David M. Brunelle) and Brookline (which will include Paul A. Perrault).”

Beacon Financial Corp: Amended certificate of incorporation to change company name to 'Beacon Financial Corporation' and increase authorized capital stock.

“As of the closing of the Holdco Merger, pursuant to the Merger Agreement, the filing of the Certificate of Merger effected several amendments to the Certificate of Incorporation of the Company, including changing the name of the Company to "Beacon Financial Corporation" and increasing the number of shares of authorized capital stock of the Company.”

Beacon Financial Corp completed an acquisition involving Brookline Bancorp, Inc. for each share of Brookline common stock ... was converted into the right to receive 0.42 shares of Company Common Stock (closed 2025-09-01).

“terms of the Merger Agreement, as of the closing of the Holdco Merger, each share of Brookline common stock, par value $0.01 per share, was converted into the right to receive 0.42 shares (the “Exchange Ratio”) of Company Common Stock, with cash to be paid in lieu of fractional shares. Each previously outstanding share of Company Common Stock remained”

Beacon Financial Corp shareholders approved Ratification of the appointment of the Company’s Independent Registered Public Accounting Firm at the 2024-05-16 meeting.

“The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0”

Beacon Financial Corp shareholders approved An advisory vote on the Company’s executive compensation practices at the 2024-05-16 meeting.

“The shareholders gave advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement. The results of the shareholder vote on Proposal 2 were as follows: For Against Abstain Broker-Non Votes 33,247,339 1,315,857 139,228 4,786,738”

Beacon Financial Corp shareholders approved Election of Directors at the 2024-05-16 meeting.

“The shareholders elected each nominee to serve as a director of the Company for a term of one year. The results of the shareholder vote on Proposal 1 were as follows: For Withheld Broker Non-Votes David M. Brunelle 33,732,971 969,453 4,786,738”

Brett Brbovic was appointed as Executive Vice President and Chief Financial Officer at Beacon Financial Corp.

“The Company and Berkshire Bank have appointed Brett Brbovic, age 43, as Executive Vice President and Chief Financial Officer, effective June 14, 2024.”

R. David Rosato departed as Chief Financial Officer at Beacon Financial Corp.

“R. David Rosato, Chief Financial Officer of the Company and the Bank, has decided to step down to pursue other interests.”