Beacon Financial Corp (NYSE:BBT)

Q1 2026 Beacon Financial Corp Earnings Call Transcript

Apr 30, 2026 / 05:30 PM GMT

Release Date Price: $28.53 (-8.97%)

Transcript 10-Q8-K

Key Points

Positve

Successful completion of a core systems conversion in mid-February, marking a major milestone in integration.
Strong client retention throughout the systems conversion process, reflecting disciplined execution.
Robust capital levels with CET1 at 11% and tangible common equity at just over 9%.
Board approved a quarterly dividend of $0.32.25 per share and authorized a $50 million stock repurchase program.
Operating return metrics remained healthy with operating ROA at 1.01% and operating return on tangible common equity at 11.24%.

Negative

First quarter financial results were disappointing, with loan growth and margin falling short of expectations.
Balance sheet contraction and margin pressure from declining rates negatively impacted results.
Non-interest income declined by 8% from the prior quarter, driven by lower deposit fees and reduced gains on loan sales.
Credit metrics deteriorated modestly, with non-performing loans increasing to 83 basis points of total loans.
Provision expense declined modestly, but charge-offs are expected to exceed provisions due to existing criticized credits.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BBT.N - Beacon Financial Corp
Q1 2026 Beacon Financial Corp Earnings Call
Apr 30, 2026 / 05:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Begin Financial.

Corporation's first quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. To ask a question, simply press star one on your telephone keypad. To withdraw your question, press star one again. It is now my pleasure to turn the call over to Dario Hernandez, Corporate Counsel. You may begin.

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Unidentified_2 [2]
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