Beacon Financial (NYSE: BBT) Q2 2026 earnings rise to $64.4M

Rhea-AI Filing Summary

Beacon Financial Corporation reported strong second-quarter 2026 results, with net income of $64.4 million, or $0.77 per share, up from $46.2 million ($0.55 per share) in the first quarter and $22.0 million ($0.25 per share) a year earlier. Net interest income rose to $193.2 million and the net interest margin increased to 3.81%. Total non-interest income grew to $26.0 million, while non-interest expense fell to $127.3 million as merger and restructuring costs dropped to zero. The efficiency ratio was 58.06% and the core efficiency ratio was 54.26%.

Total assets were $22.3 billion at June 30, 2026, with total loans and leases of $17.8 billion and total deposits of $18.5 billion. The ratio of stockholders’ equity to total assets was 11.41%, and tangible stockholders’ equity to tangible assets was 9.25%, while tangible book value per share increased to $23.98. Asset quality remained controlled, with nonperforming loans and leases at 0.86% of total loans, nonperforming assets at 0.70% of total assets, an allowance for loan and lease losses of 1.34% of loans, and annualized net charge-offs of 0.32%. The Board approved a regular quarterly dividend of $0.3225 per share, payable August 28, 2026 to stockholders of record on August 14, 2026.

Positive

• Second-quarter net income rose 193% year over year to $64.4 million, with EPS of $0.77, while annualized return on average assets reached 1.17% and return on average tangible stockholders’ equity reached 12.84%.
• Tangible book value per common share increased to $23.98, up $0.50 from March 31, 2026 and $12.78 from June 30, 2025, and the tangible stockholders’ equity to tangible assets ratio improved to 9.25%.
• The core efficiency ratio stood at 54.26% in Q2 2026, compared with 55.64% in Q1 2026, reflecting lower operating expenses after the completion of merger and restructuring activities.

Negative

• None.

Filing Explained

The merger’s accounting limits period comparisons; 2026 outlook ranges are provided, while preliminary capital ratios await final regulatory filings.

The Form 8-K reports the completed second quarter and adds management’s operating ranges for the rest of 2026; its material consequence is a new forward-looking framework for the company’s earnings and credit outlook, with capital figures still preliminary.

The company says the Brookline merger was accounted for as a reverse acquisition, with Brookline treated as the accounting acquirer, so second-quarter 2026 results are not directly comparable with earlier standalone reported periods.

For the remainder of 2026, management expects low-single-digit loan growth, a net interest margin of 3.80%–3.85%, quarterly credit costs of $5 million–$9 million, mid-single-digit fee-income growth, an effective tax rate of about 26%, and no further merger charges.

The investor presentation gives preliminary June 2026 capital ratios of 13.6% total risk-based capital, 11.7% Tier 1 capital to risk-weighted assets, and 9.8% leverage; it says final regulatory filings may produce different figures.

The presentation also identifies an office portfolio of about $1.2 billion, or 6.6% of total loans, with nonperforming loans of about 3.7% and second-quarter net charge-offs of about $3.7 million, which it says were fully reserved.

The specified near-term line item is the third-quarter 2026 maturity and repricing schedule: $411 million of maturities and $80 million of repricing, with about 4% criticized because of one office credit.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $64.4 million Earnings per share: $0.77 per basic and diluted share Net interest margin: 3.81 percent +5 more

8 metrics

Net income $64.4 million For the quarter ended June 30, 2026

Earnings per share $0.77 per basic and diluted share Q2 2026 GAAP EPS

Net interest margin 3.81 percent Three months ended June 30, 2026

Total assets $22.3 billion Balance at June 30, 2026

Total deposits $18,485,864 thousand Balance at June 30, 2026

Nonperforming assets to total assets 0.70 percent At June 30, 2026

Tangible book value per common share $23.98 End of period June 30, 2026

Quarterly dividend per share $0.3225 Dividend for quarter ended June 30, 2026, payable August 28, 2026

Key Terms

net interest margin, tangible book value per common share, nonperforming assets, provision for credit losses, +1 more

5 terms

net interest margin financial

"The net interest margin increased 3 basis points to 3.81 percent for the three months ended June 30, 2026"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

tangible book value per common share financial

"Tangible book value per common share (non-GAAP) increased $0.50 from $23.48 to $23.98"

A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.

nonperforming assets financial

"Total nonperforming assets increased $3.9 million to $155.2 million at June 30, 2026"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

provision for credit losses financial

"The Company recorded a provision for credit losses of $5.0 million for the quarter ended June 30, 2026"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

core efficiency ratio financial

"Core efficiency ratio (3) | 54.26 % | 55.64 %"

A core efficiency ratio measures how well a business turns its regular, ongoing revenue into profit after covering everyday operating costs, excluding one-time gains or losses. Think of it like the fuel efficiency of a car: it shows how much “mileage” (profit) the company gets from its steady sources of income, so investors can judge cost control and the sustainability of earnings without being misled by temporary items.

Earnings Snapshot

Net income: $64.4 million · Guidance included

Quarter ended June 30, 2026

Net income $64.4 million up from $46.2 million in Q1 2026 and $22.0 million in Q2 2025

Earnings per share $0.77 up from $0.55 in Q1 2026 and $0.25 in Q2 2025

Net interest income $193.2 million up from $190.8 million in Q1 2026

Net interest margin 3.81 percent up from 3.78 percent in Q1 2026

Return on average assets 1.17 percent up from 0.84 percent in Q1 2026

Return on average tangible stockholders’ equity 12.84 percent up from 9.30 percent in Q1 2026

Guidance

The company expects loan growth in the low single digits for the remainder of 2026, net interest margin between 3.80% and 3.85%, quarterly credit costs of $5–9 million, modest mid-single-digit fee income growth, no further merger charges, and an effective tax rate around 26%.

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Available on EDGAR 07/29/2026 - 04:17 PM Accepted by SEC EDGAR 07/29/2026 - 04:16 PM Learn about SEC filing dates

FAQ

How did Beacon Financial (BBT) perform in Q2 2026?

Beacon Financial reported Q2 2026 net income of $64.4 million, or $0.77 per share. Net interest income was $193.2 million, net interest margin rose to 3.81%, ROA reached 1.17%, and return on average tangible stockholders’ equity was 12.84%.

What were Beacon Financial (BBT)’s key balance sheet figures as of June 30, 2026?

As of June 30, 2026, Beacon Financial had $22.3 billion in total assets, $17.8 billion in total loans and leases, and $18.5 billion in total deposits. The stockholders’ equity to total assets ratio was 11.41%, and tangible equity to tangible assets was 9.25%.

What dividend did Beacon Financial (BBT) declare for the second quarter of 2026?

The Board approved a quarterly dividend of $0.3225 per share for Q2 2026. It is payable on August 28, 2026 to stockholders of record on August 14, 2026, and corresponds to an annual dividend of $1.29 per share.

How strong is Beacon Financial (BBT)’s asset quality in Q2 2026?

At June 30, 2026, nonperforming assets totaled $155.2 million, or 0.70% of total assets. Nonperforming loans and leases were 0.86% of total loans, the allowance for loan and lease losses was 1.34% of loans, and net charge-offs were $14.3 million (0.32% annualized).

What capital and liquidity metrics did Beacon Financial (BBT) report?

Beacon Financial reported a stockholders’ equity to total assets ratio of 11.41% and tangible stockholders’ equity to tangible assets of 9.25%. Management highlighted a total risk-based capital ratio of 13.6% and loans-to-deposits of 96% as of June 30, 2026.

What 2026 outlook and guidance did Beacon Financial (BBT) provide?

Management expects low single-digit loan growth for the remainder of 2026, net interest margin between 3.80% and 3.85%, quarterly credit costs of $5–9 million, mid-single-digit fee income growth, no further merger charges, and an effective tax rate around 26%.

False000110813400011081342026-07-292026-07-29iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 29, 2026

_______________________________

BEACON FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

_______________________________

Delaware	001-15781	04-3510455
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

131 Clarendon Street

Boston, Massachusetts 02116

(Address of Principal Executive Offices) (Zip Code)

(617) 425-4600

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value of $0.01 per share	BBT	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 29, 2026, the Board of Directors of Beacon Financial Corporation (the “Company”) issued a press release announcing its earnings for the quarter ended June 30, 2026. Additionally, the Company announced the approval by its Board of Directors of a regular quarterly dividend of $0.3225 per share payable on August 28, 2026 to stockholders of record on August 14, 2026. A copy of that press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference herein.

Item 7.01. Regulation FD Disclosure.

In connection with the press release announcing the Company’s second quarter earnings, the Company posted an investor presentation to its website at www.beaconfinancial.com. A copy of the investor presentation is attached hereto as Exhibit 99.2 and is hereby incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

99.1		Press release of Beacon Financial Corporation reporting earnings and dividend approval, issued July 29, 2026
99.2		Investor Presentation of Beacon Financial Corporation, issued July 29, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BEACON FINANCIAL CORPORATION
Date: July 29, 2026	By:	/s/ Carl M. Carlson
		Carl M. Carlson
		Chief Financial & Strategy Officer

EXHIBIT 99.1

Beacon Financial Corporation Announces Second Quarter Results

Net Income of $64.4 million, EPS of $0.77

Quarterly Dividend of $0.3225

BOSTON, July 29, 2026 (GLOBE NEWSWIRE) -- Beacon Financial Corporation (NYSE: BBT) (the “Company”) today announced net income of $64.4 million, or $0.77 per basic and diluted share, for the second quarter of 2026, compared to $46.2 million, or $0.55 per basic and diluted share, for the first quarter of 2026, and $22.0 million, or $0.25 per basic and diluted share, for the second quarter of 2025.

“Our results this quarter demonstrate improved operating momentum, disciplined execution, and continued progress following our merger integration,” said Paul Perrault, the Company’s President and Chief Executive Officer.

“We grew total assets, deposits and non-interest income modestly, expanded the net interest margin, and reduced expenses, while maintaining our focus on credit discipline and long-term value creation for our stockholders. While competition is intense and the external environment remains unsettled, we are well positioned to build on this progress in the quarters ahead.”

Presentation of Results - The Merger

The Company’s merger of equals (the “Merger”) with Brookline Bancorp, Inc. (“Brookline”) was accounted for as a reverse acquisition using the acquisition method of accounting, with the Company treated as the legal acquirer and Brookline treated as the accounting acquirer for financial reporting purposes. The Company’s financial results for the period ended June 30, 2025 reflect Brookline’s results only on a standalone basis. As a result, the Company’s financial results for the second quarter of 2026 may not be directly comparable to prior reported periods.

BALANCE SHEET

Total assets increased $23.3 million during the quarter to $22.3 billion at June 30, 2026. Total assets increased $10.7 billion from June 30, 2025, primarily due to the assets assumed in the Merger.

Total loans and leases decreased $101.9 million to $17.8 billion at June 30, 2026 from March 31, 2026, primarily due to a decline in commercial real estate and equipment financing loans, partially offset by an increase in commercial and consumer loans, and increased $8.2 billion from June 30, 2025, primarily due to the loans and leases assumed in the Merger.

Total investment securities at June 30, 2026 increased $42.6 million to $1.8 billion from March 31, 2026, and increased $894.6 million from June 30, 2025, primarily due to investment securities assumed in the Merger.

Total cash and cash equivalents at June 30, 2026 increased $103.2 million to $1.2 billion from March 31, 2026, and increased $709.4 million from June 30, 2025, primarily due to cash and equivalents assumed in the Merger.

Total deposits as of June 30, 2026 increased $193.6 million from March 31, 2026, consisting of a $92.8 million increase in customer deposits and a $102.5 million increase in brokered deposits while payroll deposits remained flat. Total deposits increased $9.5 billion from June 30, 2025, primarily due to the deposits assumed in the Merger.

Total borrowed funds at June 30, 2026 decreased $183.9 million from March 31, 2026, and decreased $266.5 million from June 30, 2025.

The ratio of stockholders’ equity to total assets was 11.41 percent at June 30, 2026, compared to 11.27 percent at March 31, 2026, and 10.84 percent at June 30, 2025. The ratio of tangible stockholders’ equity to tangible assets (non-GAAP) was 9.25 percent at June 30, 2026, compared to 9.07 percent at March 31, 2026, and 8.82 percent at June 30, 2025. Tangible book value per common share (non-GAAP) increased $0.50 from $23.48 at March 31, 2026 to $23.98 at June 30, 2026, and increased $12.78 from $11.20 at June 30, 2025.

NET INTEREST INCOME

Net interest income increased $2.4 million to $193.2 million during the second quarter of 2026 from $190.8 million for the quarter ended March 31, 2026. The net interest margin increased 3 basis points to 3.81 percent for the three months ended June 30, 2026 from 3.78 percent for the three months ended March 31, 2026, primarily driven by a higher yield on loans and leases and lower funding costs offset by lower interest income as a result of a decline in average loan balances.

NON-INTEREST INCOME

Total non-interest income for the quarter ended June 30, 2026 increased $2.0 million to $26.0 million from $23.9 million for the quarter ended March 31, 2026. The increase was primarily driven by increases of $1.2 million in gain on sales of loans and leases, $0.6 million in loan level derivative income, net, and $0.4 million in wealth management fees, partially offset by a $0.6 million decline in bank-owned life insurance (BOLI) income.

PROVISION FOR CREDIT LOSSES

The Company recorded a provision for credit losses of $5.0 million for the quarter ended June 30, 2026, compared to $7.9 million for the quarter ended March 31, 2026. The decline in provision quarter over quarter was largely driven by a lower level of outstanding loans and minimal credit deterioration compared to the prior quarter.

Total net charge-offs for the second quarter of 2026 were $14.3 million compared to $13.6 million in the first quarter of 2026. The $14.3 million in net charge-offs were primarily driven by a Boston office loan, a large industrial laundry loan at Eastern Funding, and two rent controlled multi-family properties. These charge-offs were largely specifically reserved for in prior periods. The ratio of net loan and lease charge-offs to average loans and leases on an annualized basis increased to 32 basis points for the second quarter of 2026 from 30 basis points for the first quarter of 2026.

The allowance for loan and lease losses represented 1.34 percent of total loans and leases at June 30, 2026, compared to 1.36 percent at March 31, 2026, and 1.32 percent at June 30, 2025.

ASSET QUALITY

The ratio of nonperforming loans and leases to total loans and leases was 0.86 percent at June 30, 2026, an increase of 0.03 percent from 0.83 percent at March 31, 2026. Total nonaccrual loans and leases increased $4.0 million to $152.7 million at June 30, 2026, from $148.6 million at March 31, 2026. The ratio of nonperforming assets to total assets was 0.70 percent at June 30, 2026, an increase from 0.68 percent at March 31, 2026. Total nonperforming assets increased $3.9 million to $155.2 million at June 30, 2026 from $151.2 million at March 31, 2026. The increase in nonperforming assets was largely driven by higher nonaccruals at Eastern Funding.

NON-INTEREST EXPENSE

Non-interest expense for the quarter ended June 30, 2026 decreased $13.6 million to $127.3 million from $140.8 million for the quarter ended March 31, 2026, of which included $13.0 million related to merger and restructuring expenses which were completed in the first quarter of 2026. The remaining $0.6 million decrease was primarily driven by decreases of $1.8 million in equipment and data processing expense driven by system consolidation, $1.3 million in occupancy expense, and $1.0 million in FDIC insurance expense, partially offset by an increase of $3.2 million in other non-interest expense primarily due to an increase of $1.1 million in loan workout expense.

PROVISION FOR INCOME TAXES

The effective tax rate was 26.0 percent and 27.7 percent for the three and six months ended June 30, 2026 compared to 29.9 percent for the three months ended March 31, 2026 and 25.6 percent and 25.3 percent for the three and six months ended June 30, 2025.

RETURNS ON AVERAGE ASSETS AND AVERAGE EQUITY

The annualized return on average assets increased to 1.17 percent during the second quarter of 2026 from 0.84 percent for the first quarter of 2026.

The annualized return on average stockholders' equity increased to 10.15 percent during the second quarter of 2026 from 7.32 percent for the first quarter of 2026. The annualized return on average tangible stockholders’ equity (non-GAAP) increased to 12.84 percent for the second quarter of 2026 from 9.30 percent for the first quarter of 2026.

DIVIDEND DECLARED

The Company’s Board of Directors approved a dividend of $0.3225 per share for the quarter ended June 30, 2026. The dividend will be paid on August 28, 2026 to stockholders of record on August 14, 2026.

CONFERENCE CALL

The Company will conduct a conference call/webcast at 1:30 PM Eastern Time on Thursday, July 30, 2026 to discuss the results for the quarter, business highlights and outlook. A copy of the Earnings Presentation is available on the Company’s website at www.beaconfinancialcorporation.com. To listen to the call and view the Company’s Earnings Presentation, please join the call via https://events.q4inc.com/attendee/795588966. To listen to the call without access to the slides, interested parties may dial 800-715-9871 (United States) or 646-307-1963 (internationally) and ask for the Beacon Financial Corporation conference call (Access Code: 6567963). A recorded playback of the call will be available for one week following the call on the Company’s website under “Investor Relations” or by dialing 800-770-2030 (United States & Canada) or 609-800-9909 (internationally) and entering the passcode: 6567963.

ABOUT BEACON FINANCIAL CORPORATION

Beacon Financial Corporation (NYSE: BBT) is the holding company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank serving the Northeast. Headquartered in Boston, the Company has $22.3 billion in assets and more than 145 branches throughout New England and New York. Beacon Bank offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. The Company also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division, and private wealth services through Clarendon Private.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company may also make forward-looking statements in other documents it files with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company’s business, credit quality, financial condition, liquidity and results of operations. Forward-looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company’s control. These include, but are not limited to, changes in interest rates; general economic conditions (including the impact of ongoing armed conflicts, tariffs, inflation, and concerns about liquidity) on a national basis or in the local markets in which the Company operates; ongoing turbulence in the capital and debt markets; competitive pressures from other financial institutions; changes in consumer behavior due to changing political, business and economic conditions, or legislative or regulatory initiatives; changes in the value of securities and other assets in the Company’s investment portfolio; increases in loan and lease default and charge-off rates; the adequacy of allowances for loan and lease losses; decreases in deposit levels that necessitate increases in borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, and future pandemics; changes in regulation; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions and adverse economic developments; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; and changes in assumptions used in making such forward-looking statements. Forward-looking statements involve risks and uncertainties which are difficult to predict. The Company’s actual results could differ materially from those projected in the forward-looking statements as a result of, among others, the risks outlined in the Company’s Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

BASIS OF PRESENTATION

The Company's consolidated financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”) as set forth by the Financial Accounting Standards Board in its Accounting Standards Codification and through the rules and interpretive releases of the SEC under the authority of federal securities laws. Certain amounts previously reported have been reclassified to conform to the current period's presentation.

NON-GAAP FINANCIAL MEASURES

The Company uses certain non-GAAP financial measures, such as operating earnings after tax, operating earnings per common share, operating return on average assets, operating return on average tangible assets, operating return on average stockholders' equity, operating return on average tangible stockholders' equity, tangible book value per common share, tangible stockholders’ equity to tangible assets, return on average tangible assets (annualized) and return on average tangible stockholders' equity (annualized). These non-GAAP financial measures provide information for investors to effectively analyze financial trends of ongoing business activities, and to enhance comparability with peers across the financial services sector. A detailed reconciliation table of the Company's GAAP to the non-GAAP measures is attached.

INVESTOR RELATIONS:

Contact:  Carl M. Carlson
Beacon Financial Corporation
Chief Financial and Strategy Officer
(617) 425-5331
carl.carlson@beaconbank.com

MEDIA CONTACT: 

Contact: Gary Levante
Beacon Financial Corporation
Chief Marketing Officer
(413) 447-1737
gary.levante@beaconbank.com

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Selected Financial Highlights (Unaudited)
	At and for the Three Months Ended
	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
	(Dollars In Thousands Except per Share Data)
Earnings Data:
Net interest income	$	193,207		$	190,774		$	199,741		$	128,850		$	88,685
Provision for credit losses on loans and unfunded commitments	5,007			7,899			8,141			20,268			6,997
Provision (recovery) of credit losses on investments	(85		)	47			(35		)	32			3
Non-interest income	25,988			23,947			25,918			12,345			5,970
Non-interest expense	127,256			140,822			142,366			129,296			58,061
Income (loss) before provision for income taxes	87,017			65,953			75,187			(8,401		)	29,594
Net income (loss)	64,426			46,217			53,366			(4,221		)	22,026
Performance Ratios:
Net interest margin (1)	3.81		%	3.78		%	3.82		%	3.62		%	3.32		%
Interest-rate spread (1)	3.13		%	3.02		%	3.15		%	2.94		%	2.57		%
Return on average assets (annualized)	1.17		%	0.84		%	0.94		%	(0.11		)%	0.77		%
Return on average tangible assets (annualized) (non-GAAP)	1.20		%	0.86		%	0.97		%	(0.11		)%	0.79		%
Return on average stockholders' equity (annualized)	10.15		%	7.32		%	8.70		%	(1.01		)%	7.04		%
Return on average tangible stockholders' equity (annualized) (non-GAAP)	12.84		%	9.30		%	11.19		%	(1.27		)%	8.85		%
Efficiency ratio (2)	58.06		%	65.58		%	63.09		%	91.57		%	61.34		%
Core efficiency ratio (3)	54.26		%	55.64		%	52.81		%	56.55		%	59.36		%
Per Common Share Data:
Net income (loss) — Basic	$	0.77		$	0.55		$	0.64		$	(0.05	)	$	0.25
Net income (loss) — Diluted	0.77			0.55			0.64			(0.05		)	0.25
Cash dividends declared	0.3225			0.3225			0.3225			0.3225			0.135
Book value per share (end of period)	30.30			29.88			29.78			29.33			14.08
Tangible book value per share (end of period) (non-GAAP)	23.98			23.48			23.32			22.75			11.20
Stock price (end of period)	30.45			30.00			26.37			23.71			10.55
Balance Sheet:
Total assets	$	22,250,964		$	22,227,616		$	23,220,372		$	22,867,458		$	11,568,745
Total loans and leases	17,822,218			17,924,156			18,029,552			18,305,379			9,582,374
Total deposits	18,485,864			18,292,280			19,514,657			18,904,063			8,961,202
Total stockholders’ equity	2,539,796			2,504,781			2,496,061			2,461,015			1,254,171
Asset Quality:
Nonperforming assets	$	155,155		$	151,239		$	116,747		$	101,990		$	63,596
Nonperforming assets as a percentage of total assets	0.70		%	0.68		%	0.50		%	0.45		%	0.55		%
Allowance for loan and lease losses	$	238,189		$	244,377		$	252,839		$	253,735		$	126,725
Allowance for loan and lease losses as a percentage of total loans and leases	1.34		%	1.36		%	1.40		%	1.39		%	1.32		%
Net loan and lease charge-offs (4)	14,280			$	13,551		$	9,019		$	15,857		$	5,127
Net loan and lease charge-offs as a percentage of average loans and leases (annualized)	0.32		%	0.30		%	0.20		%	0.51		%	0.21		%
Capital Ratios:
Stockholders’ equity to total assets	11.41		%	11.27		%	10.75		%	10.76		%	10.84		%
Tangible stockholders’ equity to tangible assets (non-GAAP)	9.25		%	9.07		%	8.62		%	8.56		%	8.82		%
(1) Calculated on a fully tax-equivalent basis.
(2) Calculated as non-interest expense as a percentage of net interest income plus non-interest income.
(3) Core efficiency ratio excludes amortization of identified intangible assets.
(4) The balance at September 30, 2025 excludes a $15.8 million Merger Day 1 charge-offs write up.

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheets (Unaudited)
	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
ASSETS	(In Thousands Except Share Data)
Cash and due from banks	$	240,680		$	185,692		$	201,557		$	182,251		$	87,386
Short-term investments		975,423			927,256			1,840,188			1,038,369			419,362
Total cash and cash equivalents		1,216,103			1,112,948			2,041,745			1,220,620			506,748
Investment securities available-for-sale		1,761,297			1,718,710			1,688,768			1,739,423			866,684
Total investment securities		1,761,297			1,718,710			1,688,768			1,739,423			866,684
Allowance for investment security losses		(56	)		(141	)		(94	)		(129	)		(97	)
Net investment securities		1,761,241			1,718,569			1,688,674			1,739,294			866,587
Loans and leases held-for-sale		—			—			—			83,330			—
Loans and leases:
Commercial real estate loans		9,884,139			9,957,408			10,012,094			10,247,090			5,485,546
Commercial loans and leases		3,981,803			4,011,974			3,947,363			3,950,693			2,520,347
Consumer loans		3,956,276			3,954,774			4,070,095			4,107,596			1,576,481
Total loans and leases		17,822,218			17,924,156			18,029,552			18,305,379			9,582,374
Allowance for loan and lease losses		(238,189	)		(244,377	)		(252,839	)		(253,735	)		(126,725	)
Net loans and leases		17,584,029			17,679,779			17,776,713			18,051,644			9,455,649
Restricted equity securities		90,660			97,441			87,438			99,431			66,481
Premises and equipment, net of accumulated depreciation		161,175			161,141			162,474			158,375			83,963
Right-of-use asset operating leases		82,909			84,851			82,817			84,238			42,415
Deferred tax asset		138,466			142,827			149,487			178,456			52,325
Goodwill		357,358			355,269			351,613			353,471			241,222
Identified intangible assets, net of accumulated amortization		172,906			181,234			189,562			198,339			14,600
Other real estate owned and repossessed assets		2,505			2,623			2,591			3,360			1,288
Cash surrender value of bank-owned life insurance policies		335,523			336,980			334,442			332,840			85,479
Other assets		348,089			353,954			352,816			364,060			151,988
Total assets	$	22,250,964		$	22,227,616		$	23,220,372		$	22,867,458		$	11,568,745
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Demand checking accounts	$	3,910,604		$	3,861,000		$	4,032,529		$	3,905,559		$	1,726,933
Interest-bearing deposits:
NOW accounts		1,569,862			1,520,600			1,445,894			1,470,808			650,707
Savings accounts		3,035,355			3,088,857			2,954,029			2,904,888			1,795,761
Money market accounts		4,461,990			4,393,607			4,636,548			4,545,231			2,153,709
Payroll deposit accounts		1,212,178			1,213,861			1,878,758			1,044,462			—
Certificate of deposit accounts		4,064,518			4,085,511			4,156,540			4,127,226			1,877,661
Brokered deposit accounts		231,357			128,844			410,359			905,889			756,431
Total interest-bearing deposits		14,575,260			14,431,280			15,482,128			14,998,504			7,234,269
Total deposits		18,485,864			18,292,280			19,514,657			18,904,063			8,961,202
Borrowed funds:
Advances from the FHLB		633,292			822,091			555,788			841,044			934,669
Subordinated debentures and notes		202,278			198,989			198,572			198,283			84,397
Other borrowed funds		53,022			51,423			34,000			41,189			135,985
Total borrowed funds		888,592			1,072,503			788,360			1,080,516			1,155,051
Operating lease liabilities		90,936			92,820			90,713			92,211			43,528
Reserve for unfunded credits		13,470			16,555			13,746			13,727			4,586
Accrued expenses and other liabilities		232,306			248,677			316,835			315,926			150,207
Total liabilities		19,711,168			19,722,835			20,724,311			20,406,443			10,314,574
Stockholders' equity:
Common stock, $0.01 par value; 200,000,000 shares authorized; 89,576,403 shares issued, 89,576,403 shares issued, 89,576,403 shares issued, 89,576,403 shares issued, and 96,998,075 shares issued, respectively		896			896			896			896			970
Additional paid-in capital		2,164,080			2,172,982			2,171,885			2,171,912			904,697
Retained earnings		542,304			504,976			485,862			459,598			475,781
Accumulated other comprehensive income		(34,929	)		(31,411	)		(20,002	)		(28,905	)		(39,378	)
Treasury stock, at cost;
5,211,670, 5,548,772, 5,545,511, 5,449,039, and 7,039,136 shares, respectively		(132,555	)		(142,662	)		(142,580	)		(142,486	)		(87,899	)
Total stockholders' equity		2,539,796			2,504,781			2,496,061			2,461,015			1,254,171
Total liabilities and stockholders' equity	$	22,250,964		$	22,227,616		$	23,220,372		$	22,867,458		$	11,568,745

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Consolidated Statements of Income (Unaudited)
	Three Months Ended
	June 30, 2026			March 31, 2026		December 31, 2025			September 30, 2025			June 30, 2025
	(In Thousands Except Share Data)
Interest and dividend income:
Loans and leases	$	265,596		$	266,935	$	285,795		$	194,517		$	143,933
Debt securities		18,370			16,510		16,335			10,984			6,691
Restricted equity securities		1,506			843		1,160			1,466			1,062
Short-term investments		8,162			8,096		9,293			5,438			2,386
Total interest and dividend income		293,634			292,384		312,583			212,405			154,072
Interest expense:
Deposits		88,959			93,056		102,439			71,901			52,682
Borrowed funds		11,468			8,554		10,403			11,654			12,705
Total interest expense		100,427			101,610		112,842			83,555			65,387
Net interest income		193,207			190,774		199,741			128,850			88,685
Provision for credit losses on loans		5,007			7,899		8,141			20,268			6,997
Provision (recovery) of credit losses on investments		(85	)		47		(35	)		32			3
Net interest income after provision for credit losses		188,285			182,828		191,635			108,550			81,685
Non-interest income:
Deposit fees		8,510			8,347		9,843			5,005			2,472
Loan fees		2,619			2,366		2,189			1,004			472
Loan level derivative income (loss)		1,391			775		721			635			(4	)
Gain on sales of loans and leases held-for-sale		3,869			2,689		4,154			1,175			264
Wealth management fees		4,860			4,464		4,370			2,466			1,421
Other		4,739			5,306		4,641			2,060			1,345
Total non-interest income		25,988			23,947		25,918			12,345			5,970
Non-interest expense:
Compensation and employee benefits		70,280			69,650		70,204			49,999			35,147
Occupancy		11,791			13,097		11,877			6,921			5,349
Equipment and data processing		18,300			20,127		19,754			11,110			6,841
Professional services		2,769			2,462		2,778			2,114			1,471
FDIC insurance		3,332			4,320		1,924			1,971			1,880
Advertising and marketing		1,152			1,679		2,157			1,583			1,371
Amortization of identified intangible assets		8,328			8,328		8,777			3,587			1,431
Other		11,304			8,134		10,471			6,148			4,132
Total non-interest operating expense		127,256			127,797		127,942			83,433			57,622
Merger and restructuring expense		—			13,025		14,424			45,863			439
Total non-interest expense		127,256			140,822		142,366			129,296			58,061
Income (loss) before provision for income taxes		87,017			65,953		75,187			(8,401	)		29,594
Provision (benefit) for income taxes		22,591			19,736		21,821			(4,180	)		7,568
Net Income (loss)	$	64,426		$	46,217	$	53,366		$	(4,221	)	$	22,026
Earnings per common share:
Basic	$	0.77		$	0.55	$	0.64		$	(0.05	)	$	0.25
Diluted	$	0.77		$	0.55	$	0.64		$	(0.05	)	$	0.25
Weighted average common shares outstanding during the period:
Basic		83,816,086			83,816,086		83,851,381			87,508,517			89,104,605
Diluted		83,939,430			83,903,440		83,878,047			87,832,552			89,612,781
Dividends paid per common share	$	0.3225		$	0.3225	$	0.3225		$	0.3225		$	0.135

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Consolidated Statements of Income (Unaudited)
	Six Months Ended June 30,
	2026			2025
	(In Thousands Except Share Data)
Interest and dividend income:
Loans and leases	$	532,531		$	287,242
Debt securities		34,880			13,456
Restricted equity securities		2,349			2,265
Short-term investments		16,258			4,837
Total interest and dividend income		586,018			307,800
Interest expense:
Deposits		182,015			106,160
Borrowed funds		20,022			27,125
Total interest expense		202,037			133,285
Net interest income		383,981			174,515
Provision for credit losses on loans		12,906			12,971
Provision (recovery) of credit losses on investments		(38	)		15
Net interest income after provision for credit losses		371,113			161,529
Non-interest income:
Deposit fees		16,857			4,833
Loan fees		4,985			865
Loan level derivative income (loss)		2,166			66
Gain on sales of loans and leases held-for-sale		6,558			288
Wealth management fees		9,324			2,911
Other		10,045			2,667
Total non-interest income		49,935			11,630
Non-interest expense:
Compensation and employee benefits		139,930			71,000
Occupancy		24,888			11,070
Equipment and data processing		38,427			13,853
Professional services		5,231			3,197
FDIC insurance		7,652			3,917
Advertising and marketing		2,831			2,239
Amortization of identified intangible assets		16,656			2,861
Other		19,438			8,536
Total non-interest operating expense		255,053			116,673
Merger and restructuring expense		13,025			1,410
Total non-interest expense		268,078			118,083
Income before provision for income taxes		152,970			55,076
Provision for income taxes		42,327			13,950
Net income	$	110,643		$	41,126
Earnings per common share:
Basic	$	1.32		$	0.46
Diluted	$	1.32		$	0.46
Weighted average common shares outstanding during the period:
Basic		83,816,086			89,104,060
Diluted		83,921,432			89,590,267
Dividends paid per common share	$	0.6450		$	0.270

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Asset Quality Analysis (Unaudited)
	At and for the Three Months Ended
	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
	(Dollars in Thousands)
NONPERFORMING ASSETS:
Loans and leases accounted for on a nonaccrual basis:
Commercial real estate mortgage	$	67,645		$	65,127		$	41,246		$	30,213		$	987
Multi-family mortgage		9,484			12,995			4,065			2,994			1,433
Construction		—			—			—			535			—
Total commercial real estate loans		77,129			78,122			45,311			33,742			2,420
Commercial		20,873			22,626			16,716			14,035			8,687
Equipment financing		45,493			38,633			42,718			41,793			46,067
Total commercial loans and leases		66,366			61,259			59,434			55,828			54,754
Residential mortgage		5,991			5,807			6,465			6,597			3,572
Home equity		3,041			3,222			2,739			2,220			1,561
Other consumer		123			206			207			243			1
Total consumer loans		9,155			9,235			9,411			9,060			5,134
Total nonaccrual loans and leases		152,650			148,616			114,156			98,630			62,308
Other real estate owned		70			—			—			824			700
Other repossessed assets		2,435			2,623			2,591			2,536			588
Total nonperforming assets	$	155,155		$	151,239		$	116,747		$	101,990		$	63,596
Loans and leases past due greater than 90 days and still accruing	$	7,785		$	5,834		$	37,823		$	23,570		$	24,899
Nonperforming loans and leases as a percentage of total loans and leases		0.86	%		0.83	%		0.63	%		0.54	%		0.65	%
Nonperforming assets as a percentage of total assets		0.70	%		0.68	%		0.50	%		0.45	%		0.55	%
PROVISION AND ALLOWANCE FOR LOAN AND LEASE LOSSES:
Allowance for loan and lease losses at beginning of period	$	244,377		$	252,839		$	253,735		$	126,725		$	124,145
Merger Day 1 allowance on non-PCD loans*		—			—			—			67,229			—
Merger Day 1 allowance on PCD loans		—			—			—			64,511			—
Charge-offs		(15,353	)		(15,880	)		(10,917	)		(16,661	)		(5,601	)
Recoveries		1,073			2,329			1,898			804			474
Net charge-offs**		(14,280	)		(13,551	)		(9,019	)		(15,857	)		(5,127	)
Provision for loan and lease losses excluding unfunded commitments***		8,092			5,089			8,123			11,127			7,707
Allowance for loan and lease losses at end of period	$	238,189		$	244,377		$	252,839		$	253,735		$	126,725
Allowance for loan and lease losses as a percentage of total loans and leases		1.34	%		1.36	%		1.40	%		1.39	%		1.32	%
NET CHARGE-OFFS:
Commercial real estate loans	$	7,416		$	6,997		$	6,598		$	819		$	3,524
Commercial loans and leases		6,897			6,611			2,799			15,116			1,640
Consumer loans		(33	)		(57	)		(378	)		(78	)		(37	)
Total net charge-offs**	$	14,280		$	13,551		$	9,019		$	15,857		$	5,127
Net loan and lease charge-offs as a percentage of average loans and leases (annualized)		0.32	%		0.30	%		0.20	%		0.51	%		0.21	%
*As a result of the adoption of ASU 2025-08, this amount, related to seasoned non-PCD loans, is recorded as part of purchase accounting adjustments, not through the provision.
** Excludes the impact of Merger Day 1 purchase accounting that resulted in $15.8 million of charge-offs during the three months ended September 30, 2025.
***Provision for loan and lease losses does not include provision (credit) of $(3.1 million), $2.8 million, $(0.0 million), $9.1 million of which $8.4 million was related to Merger Day 1, and $(0.7 million) for credit losses on unfunded commitments during the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively.

BEACON FINANCIAL CORPORATION. AND SUBSIDIARIES
Average Yields / Costs (Unaudited)
	Three Months Ended
	June 30, 2026						March 31, 2026						June 30, 2025
	Average Balance		Interest (1)		Average Yield/ Cost		Average Balance		Interest (1)		Average Yield/ Cost		Average Balance		Interest (1)		Average Yield/ Cost
	(Dollars in Thousands)
Assets:
Interest-earning assets:
Investments:
Debt securities (2)	$	1,750,455	$	19,013	4.35	%	$	1,684,382	$	17,153	4.07	%	$	874,212	$	6,752	3.09	%
Restricted equity securities (2)		95,840		1,507	6.29	%		84,281		845	4.01	%		65,724		1,062	6.46	%
Short-term investments		860,874		8,162	3.79	%		879,562		8,096	3.68	%		215,982		2,386	4.42	%
Total investments		2,707,169		28,682	4.24	%		2,648,225		26,094	3.94	%		1,155,918		10,200	3.53	%
Loans and Leases:
Commercial real estate loans (3)		9,865,901		142,453	5.71	%		9,974,029		143,162	5.74	%		5,533,208		77,136	5.51	%
Commercial loans (3)		2,952,686		46,038	6.17	%		2,877,031		44,646	6.21	%		1,286,908		20,757	6.38	%
Equipment financing (3)		1,052,189		21,675	8.24	%		1,117,336		23,545	8.43	%		1,240,128		25,069	8.09	%
Consumer loans (3)		3,935,888		56,399	5.73	%		4,006,808		56,561	5.66	%		1,556,254		21,437	5.51	%
Total loans and leases		17,806,664		266,565	5.99	%		17,975,204		267,914	5.96	%		9,616,498		144,399	6.01	%
Total interest-earning assets		20,513,833		295,247	5.76	%		20,623,429		294,008	5.70	%		10,772,416		154,599	5.74	%
Non-interest-earning assets		1,526,851						1,512,428						630,518
Total assets	$	22,040,684					$	22,135,857					$	11,402,934
Liabilities and Stockholders' Equity:
Interest-bearing liabilities:
Deposits:
NOW accounts	$	1,535,148		3,622	0.95	%	$	1,494,773		3,526	0.96	%	$	637,786		1,034	0.65	%
Savings accounts		3,057,585		14,045	1.84	%		3,032,997		13,612	1.82	%		1,780,838		10,692	2.41	%
Money market accounts		5,523,884		34,815	2.53	%		5,709,490		35,969	2.55	%		2,189,373		13,990	2.56	%
Certificates of deposit		4,051,332		34,862	3.45	%		4,136,313		36,870	3.62	%		1,879,749		18,437	3.93	%
Brokered deposit accounts		174,146		1,615	3.72	%		307,179		3,079	4.06	%		748,205		8,529	4.57	%
Total interest-bearing deposits		14,342,095		88,959	2.49	%		14,680,752		93,056	2.57	%		7,235,951		52,682	2.92	%
Borrowings
Advances from the FHLB		742,763		7,169	3.82	%		476,434		4,678	3.93	%		904,399		10,422	4.56	%
Subordinated debentures and notes		199,243		3,693	7.41	%		198,755		3,588	7.22	%		84,380		1,718	8.14	%
Other borrowed funds		54,565		606	4.46	%		26,974		288	4.33	%		46,086		565	4.93	%
Total borrowings		996,571		11,468	4.55	%		702,163		8,554	4.87	%		1,034,865		12,705	4.86	%
Total interest-bearing liabilities		15,338,666		100,427	2.63	%		15,382,915		101,610	2.68	%		8,270,816		65,387	3.17	%
Non-interest-bearing liabilities:
Demand checking accounts		3,813,559						3,866,588						1,654,594
Other non-interest-bearing liabilities		348,856						362,368						225,469
Total liabilities		19,501,081						19,611,871						10,150,879
Stockholders’ equity		2,539,603						2,523,986						1,252,055
Total liabilities and equity	$	22,040,684					$	22,135,857					$	11,402,934
Net interest income (tax-equivalent basis) /Interest-rate spread (4)				194,820	3.13	%				192,398	3.02	%				89,212	2.57	%
Less adjustment of tax-exempt income				1,613						1,624						527
Net interest income			$	193,207					$	190,774					$	88,685
Net interest margin (5)					3.81	%					3.78	%					3.32	%
(1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis.
(2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month.
(3) Loans on nonaccrual status are included in the average balances.
(4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.
(5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis.

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Average Yields / Costs (Unaudited)
	Six Months Ended
	June 30, 2026						June 30, 2025
	Average Balance		Interest (1)		Average Yield/ Cost		Average Balance		Interest (1)		Average Yield/ Cost
	(Dollars in Thousands)
Assets:
Interest-earning assets:
Investments:
Debt securities (2)	$	1,717,601	$	36,166	4.21	%	$	881,522	$	13,566	3.08	%
Restricted equity securities (2)		90,092		2,352	5.22	%		67,743		2,266	6.69	%
Short-term investments		843,590		16,258	3.85	%		209,503		4,837	4.62	%
Total investments		2,651,283		54,776	4.13	%		1,158,768		20,669	3.57	%
Loans and Leases:
Commercial real estate loans (3)		9,919,667		285,512	5.72	%		5,591,973		154,379	5.49	%
Commercial loans (3)		2,915,067		90,684	6.19	%		1,262,130		40,455	6.38	%
Equipment financing (3)		1,084,583		45,220	8.34	%		1,260,663		51,034	8.10	%
Consumer loans (3)		3,971,151		113,063	5.70	%		1,552,633		42,298	5.46	%
Total loans and leases		17,890,468		534,479	5.98	%		9,667,399		288,166	5.96	%
Total interest-earning assets		20,541,751		589,255	5.74	%		10,826,167		308,835	5.71	%
Non-interest-earning assets		1,546,257						646,577
Total assets	$	22,088,008					$	11,472,744
Liabilities and Stockholders' Equity:
Interest-bearing liabilities:
Deposits:
NOW accounts	$	1,515,072		7,152	0.95	%	$	633,092		2,039	0.65	%
Savings accounts		3,045,359		27,657	1.83	%		1,762,366		20,865	2.39	%
Money market accounts		5,616,174		70,780	2.54	%		2,188,482		27,577	2.54	%
Certificates of deposit		4,093,588		71,732	3.53	%		1,883,049		38,030	4.07	%
Brokered deposit accounts		240,295		4,694	3.94	%		757,687		17,649	4.70	%
Total interest-bearing deposits		14,510,488		182,015	2.53	%		7,224,676		106,160	2.96	%
Borrowings
Advances from the FHLB		610,334		11,847	3.86	%		955,669		22,269	4.63	%
Subordinated debentures and notes		199,001		7,281	7.32	%		84,363		3,419	8.11	%
Other borrowed funds		40,846		894	4.41	%		58,704		1,437	4.94	%
Total borrowings		850,181		20,022	4.68	%		1,098,736		27,125	4.91	%
Total interest-bearing liabilities		15,360,669		202,037	2.65	%		8,323,412		133,285	3.23	%
Non-interest-bearing liabilities:
Demand checking accounts		3,839,927						1,667,489
Other non-interest-bearing liabilities		355,574						238,169
Total liabilities		19,556,170						10,229,070
Stockholders’ equity		2,531,838						1,243,674
Total liabilities and equity	$	22,088,008					$	11,472,744
Net interest income (tax-equivalent basis) /Interest-rate spread (4)				387,218	3.09	%				175,550	2.48	%
Less adjustment of tax-exempt income				3,237						1,035
Net interest income			$	383,981					$	174,515
Net interest margin (5)					3.80	%					3.27	%
(1) Tax-exempt income on debt securities, equity securities and revenue bonds included in commercial real estate loans is included on a tax-equivalent basis.
(2) Average balances include unrealized gains (losses) on investment securities. Dividend payments may not be consistent and average yield on equity securities may vary from month to month.
(3) Loans on nonaccrual status are included in the average balances.
(4) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.
(5) Net interest margin represents net interest income (tax-equivalent basis) divided by average interest-earning assets on an actual/actual basis.

BEACON FINANCIAL CORPORATION AND SUBSIDIARIES
Non-GAAP Financial Information (Unaudited)
				Three Months Ended June 30,						Six Months Ended June 30,
					2026			2025			2026			2025
Reconciliation Table - Non-GAAP Financial Information
Reported Pretax Income				$	87,017		$	29,594		$	152,970		$	55,076
Add:
Merger and restructuring expense					—			439			13,025			1,410
Operating Pretax income				$	87,017		$	30,033		$	165,995		$	56,486
Effective tax rate					26.0	%		25.3	%		25.8	%		24.8	%
Provision for income taxes					22,591			7,590			42,827			14,008
Operating earnings after tax				$	64,426		$	22,443		$	123,168		$	42,478
Operating earnings per common share:
Basic				$	0.77		$	0.25		$	1.47		$	0.48
Diluted				$	0.77		$	0.25		$	1.47		$	0.47
Weighted average common shares outstanding during the period:
Basic					83,816,086			89,104,605			83,816,086			89,104,060
Diluted					83,939,430			89,612,781			83,921,432			89,590,267
Return on average assets *					1.17	%		0.77	%		1.00	%		0.72	%
Add:
Merger and restructuring expense (after-tax) *					—	%		0.01	%		0.09	%		0.02	%
Operating return on average assets *					1.17	%		0.78	%		1.09	%		0.74	%
Return on average tangible assets *					1.20	%		0.79	%		1.03	%		0.73	%
Add:
Merger and restructuring expense (after-tax) *					—	%		0.01	%		0.09	%		0.02	%
Operating return on average tangible assets *					1.20	%		0.80	%		1.12	%		0.75	%
Return on average stockholders' equity *					10.15	%		7.04	%		8.74	%		6.61	%
Add:
Merger and restructuring expense (after-tax) *					—	%		0.10	%		0.76	%		0.17	%
Operating return on average stockholders' equity *					10.15	%		7.14	%		9.50	%		6.78	%
Return on average tangible stockholders' equity *					12.84	%		8.85	%		11.08	%		8.34	%
Add:
Merger and restructuring expense (after-tax) *					—	%		0.13	%		0.97	%		0.21	%
Operating return on average tangible stockholders' equity *					12.84	%		8.98	%		12.05	%		8.55	%
* Ratios at and for the three months and six months ended are annualized.
	At and for the Three Months Ended
	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
	(Dollars in Thousands)
Net income (loss), as reported	$	64,426		$	46,217		$	53,366		$	(4,221	)	$	22,026
Average total assets	$	22,040,684		$	22,135,857		$	22,644,481		$	15,210,080		$	11,402,934
Less: Average goodwill and average identified intangible assets, net		532,255			536,900			546,276			353,189			256,508
Average tangible assets	$	21,508,429		$	21,598,957		$	22,098,205		$	14,856,891		$	11,146,426
Return on average tangible assets (annualized)		1.20	%		0.86	%		0.97	%		(0.11	)%		0.79	%
Average total stockholders’ equity	$	2,539,603		$	2,523,986		$	2,453,480		$	1,678,208		$	1,252,055
Less: Average goodwill and average identified intangible assets, net		532,255			536,900			546,276			353,189			256,508
Average tangible stockholders’ equity	$	2,007,348		$	1,987,086		$	1,907,204		$	1,325,019		$	995,547
Return on average tangible stockholders’ equity (annualized)		12.84	%		9.30	%		11.19	%		(1.27	)%		8.85	%
Total stockholders’ equity	$	2,539,796		$	2,504,781		$	2,496,061			2,461,015			1,254,171
Less:
Goodwill		357,358			355,269			351,613			353,471			241,222
Identified intangible assets, net		172,906			181,234			189,562			198,339			14,600
Tangible stockholders' equity	$	2,009,532		$	1,968,278		$	1,954,886		$	1,909,205		$	998,349
Total assets	$	22,250,964		$	22,227,616		$	23,220,372		$	22,867,458		$	11,568,745
Less:
Goodwill		357,358			355,269			351,613			353,471			241,222
Identified intangible assets, net		172,906			181,234			189,562			198,339			14,600
Tangible assets	$	21,720,700		$	21,691,113		$	22,679,197		$	22,315,648		$	11,312,923
Tangible stockholders’ equity to tangible assets		9.25	%		9.07	%		8.62	%		8.56	%		8.82	%
Tangible stockholders' equity	$	2,009,532		$	1,968,278		$	1,954,886		$	1,909,205		$	998,349
Number of common shares issued		89,576,403			89,576,403			89,576,403			89,576,403			96,998,075
Less:
Treasury shares		5,211,670			5,548,772			5,545,511			5,449,039			7,039,136
Unvested restricted shares		548,647			211,545			214,806			218,503			854,334
Number of common shares outstanding		83,816,086			83,816,086			83,816,086			83,908,861			89,104,605
Tangible book value per common share	$	23.98		$	23.48		$	23.32		$	22.75		$	11.20
Non-interest expense	$	127,256		$	140,822		$	142,366		$	129,296		$	58,061
Less:
Merger and restructuring expense		—			13,025			14,424			45,863			439
Total non-interest operating expense	$	127,256		$	127,797		$	127,942		$	83,433		$	57,622
Less:
Amortization of identified intangible assets		8,328			8,328			8,777			3,587			1,431
Non-interest expense for operating efficiency ratio	$	118,928		$	119,469		$	119,165		$	79,846		$	56,191
Efficiency ratio		58.06	%		65.58	%		63.09	%		91.57	%		61.34	%
Core efficiency ratio		54.26	%		55.64	%		52.81	%		56.55	%		59.36	%

A PDF accompanying this announcement is available at:
http://ml.globenewswire.com/Resource/Download/b1336b6a-057e-4b7a-9e33-2e200eedffbf

Exhibit 99.2

2Q 2026 Financial Results 1 July 30, 2026

Forward Looking Statements 2 Certain statements contained in this presentation that are not historical facts may constitute forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . The Company may also make forward - looking statements in other documents it files with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees . You can identify forward looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters, including statements regarding the Company’s business, credit quality, financial condition, liquidity and results of operations . Forward - looking statements may differ, possibly materially, from what is included in this press release due to factors and future developments that are uncertain and beyond the scope of the Company’s control . These include, but are not limited to, changes in interest rates ; general economic conditions (including the impact of ongoing armed conflicts, tariffs, inflation, and concerns about liquidity) on a national basis or in the local markets in which the Company operates ; turbulence in the capital and debt markets ; competitive pressures from other financial institutions ; changes in consumer behavior due to changing political, business and economic conditions, or legislative or regulatory initiatives ; changes in the value of securities and other assets in the Company’s investment portfolio ; increases in loan and lease default and charge - off rates ; the adequacy of allowances for loan and lease losses ; decreases in deposit levels that necessitate increases in borrowing to fund loans and investments ; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, and future pandemics ; changes in regulation ; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions and adverse economic developments ; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired ; and changes in assumptions used in making such forward - looking statements . Forward - looking statements involve risks and uncertainties which are difficult to predict . The Company’s actual results could differ materially from those projected in the forward - looking statements as a result of, among others, the risks outlined in the Company’s Annual Report on Form 10 - K, as updated by its Quarterly Reports on Form 10 - Q and other filings submitted to the SEC . The Company does not undertake any obligation to update any forward - looking statement to reflect circumstances or events that occur after the date the forward - looking statements are made . Non - GAAP In addition to financial measures presented in accordance with U . S . generally accepted accounting principles (“GAAP”), this presentation contains certain non - GAAP financial measures, including, without limitation, operating earnings, and the ratios of tangible common equity to tangible assets . The presentation of non - GAAP financial information is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP . Please see the Earnings Release for certain Non - GAAP reconciliations .

$0.77 Quarterly GAAP EPS $0.3225 Quarterly Dividend Per Share Highlights Total assets of $22.3 billion. Total loans of $17.8 billion. Total deposits of $18.5 billion. Margin of 3.81%. Noninterest income up 9% quarter over quarter. No merger expense incurred during the quarter, as expected. ROA of 1.17% and ROTE of 12.84%. Core efficiency ratio of 54.26%. Fortress Balance Sheet / Asset Quality Loans to Deposits of 96%. NPAs to total assets of 0.70%. Reserve to Loans coverage of 1.34%. Total Risk Based Capital of 13.6% and Tangible Common Equity (TCE) of 9.3%. 3 $0.77 Quarterly Operating EPS

Summary Income Statement Net Income of $64.4 million or $0.77 per share. Net interest income increased $2.4 million from prior quarter reflecting higher margin and one additional day in Q2. Noninterest income increased $2.0 million from prior quarter primarily driven by increases of $1.2 million in gain on loan sales and $0.6 million in loan level derivative income. Total operating expense decreased $0.5 million. Year over Year (YoY) Linked Quarter (LQ) %Δ 2Q25 Δ %Δ Δ 2Q26 1Q26 $m, except per share amts 118% $ 88.7 $ 104.5 1% $ 2.4 $ 193.2 $ 190.8 Net interest income 333% 6.0 20.0 9% 2.0 26.0 23.9 Noninterest income 131% 124.5 94.7 2% 4.5 214.7 219.2 Total Revenue 111% 62.6 56.3 0% (0.5) 119.5 118.9 Noninterest expense 495% 6.9 1.4 0% - 8.3 8.3 Amortization of intangibles - 100% (0.4) 0.4 - 100% (13.0) 13.0 - Restructuring/Merger exp. 151% 55.3 36.6 24% 18.0 73.9 91.9 Pretax, Preprov. Net Rev. - 30% (2.1) 7.0 - 38% (3.0) 7.9 4.9 Provision for credit losses 194% 57.4 29.6 32% 21.1 66.0 87.0 Pretax income 197% 15.0 7.6 14% 2.9 19.7 22.6 Provision for taxes 193% $ 42.4 $ 22.0 39% $ 18.2 $ 46.2 $ 64.4 Net Income 208% $ 0.52 $ 0.25 40% $ 0.22 $ 0.55 $ 0.77 EPS - 6% (5,674) 89,613 0% 36 83,903 83,939 Avg diluted shares (000s) 0.38% 0.79% 0.33% 0.84% 1.17% Return on Assets 3.99% 8.85% 3.53% 9.30% 12.84% Return on Tangible Equity 0.49% 3.32% 0.03% 3.78% 3.81% Net Interest Margin - 5.10% 59.36% - 1.38% 55.64% 54.26% Core Efficiency Ratio 4

Margin – Yields and Costs Yield Interest Avg Bal $ millions 5.99% $ 266.6 $ 17,807 Loans 4.24% 28.7 2,707 Investments & earning cash 5.76% $ 295.2 $ 20,514 Interest Earning Assets 2.49% $ 89.0 14,342 Interest bearing deposits 4.55% 11.5 997 Borrowings 2.63% $ 100.4 $ 15,339 Interest Bearing Liabilities 3.13% Net interest spread Yield Interest Avg Bal 5.96% $ 267.9 $ 17,975 3.94% 26.1 2,648 5.70% $ 294.0 $ 20,623 2.57% $ 93.1 14,681 4.87% 8.6 702 2.68% 3.02% $ 101.6 $ 15,383 Yield Interest Avg Bal 0.03% $ (1.3) $ (168) 0.30% 2.6 59 0.06% $ 1.3 $ (109) - 0.08% $ (4.1) $ (339) - 0.32% 2.9 295 - 0.05% 0.11% $ (1.1) $ (44) Purchase Accounting* Yield Interest 0.19% $ 8.3 0.71% 4.8 0.26% $ 13.1 0.02% $ 0.6 0.12% 0.3 0.02% 0.23% $ 0.9 2Q26 Prior Quarter LQΔ Net interest income, TEB / Margin $ 194.8 3.81% $ 192.4 3.78% $ 2.4 0.03% $ 12.2 0.24% - $ 12.2 * quarterly accretion / amortization of interest rate marks. LESS: Tax Equivalent Basis (TEB) Adj. 1.6 Net Interest Income $ 193.2 1.6 - 190.8 $ 2.4 $ YoY Chg LQ Chg 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Rate Environment - 0.75% 0.00% 3.75% 3.75% 3.75% 4.25% 4.50% Fed Funds (upper) - 0.77% 0.00% 3.68% 3.68% 3.87% 4.24% 4.45% SOFR 0.42% 0.35% 4.14% 3.79% 3.47% 3.60% 3.72% 2Y Treasury 0.40% 0.27% 4.19% 3.92% 3.73% 3.74% 3.79% 5Y Treasury 0.20% 0.14% 4.44% 4.30% 4.18% 4.16% 4.24% 10Y Treasury 5

Summary Balance Sheet %Δ Δ 2Q25 Δ 1Q26 2Q26 $m, except per share amts 86% $ 8,240 $ 9,582 $ (102) $ 17,924 $ 17,822 Gross Loans, investment 88% (111) (127) 6 (244) (238) Allowance for loan losses 86% 8,129 9,455 (96) 17,680 17,584 Net Loans 1,761 1,216 530 1,159 1,719 1,113 537 1,180 43 103 (6) (21) 867 507 256 484 894 709 274 675 103% 140% 107% 140% Securities Cash & equivalents Intangibles Other assets & Loans, HFS Total Assets On the balance sheet, total assets increased $23 million to $22.3 billion, driven by higher total deposits impacting cash equivalents. Loans declined $102 million, or 0.6%, reflecting CRE and Equipment 92% Financing runoff. Deposits increased 1.1%, driven primarily by higher customer deposits across DDA, NOW and Money Market as well as an increase in Brokered. $ 22,251 $ 22,228 $ 23 $ 11,569 $ 10,682 106% $ 9,525 $ 8,961 $ 194 $ 18,292 $ 18,486 Deposits - 23% (266) 1,155 (184) 1,073 889 Borrowings 169% 8 5 (3) 17 13 Reserve for unfunded loans 67% 129 194 (18) 341 323 Other Liabilities 91% 9,396 10,315 (12) 19,723 19,711 Total Liabilities 103% 1,286 1,254 35 2,505 2,540 Stockholders' Equity 92% $ 10,682 $ 11,569 $ 23 $ 22,228 $ 22,251 Total Liabilities & Equity 114% $ 12.78 $ 11.20 $ 0.50 $ 23.48 $ 23.98 TBV per share - 6% (5,289) 89,105 - 83,816 83,816 Actual shares outstanding (000) 0.43% 8.82% 0.18% 9.07% 9.25% Tang. Equity / Tang. Assets - 10.52% 106.93% - 1.58% 97.99% 96.41% Loans / Deposits 0.02% 1.32% - 0.03% 1.36% 1.34% ALLL / Gross Loans Linked Quarter (LQ) Year over Year (YoY) 6

Loans and Deposits 55% 17% 6% 22% Loans Consumer 21% 9% 16% 24% 22% 7% CRE C&I Equipment Deposits 1% NOW CDs Savings Payroll DDA MM Brokered $ millions 2Q26 1Q26 Δ $ 9,884 2,950 1,031 3,956 $ 9,957 $ 2,938 1,074 3,955 (73) 12 (43) 1 CRE Commercial Equipment Finance Consumer Total Loans $ 17,822 $ 17,924 $ (102) Demand deposits NOW Savings Money market CDs Payroll deposits Brokered deposits Total Deposits $ 3,911 1,570 3,035 4,462 4,065 1,212 231 $ 3,861 $ 1,521 3,089 4,393 4,086 1,214 129 50 49 (54) 69 (21) (2) 102 $ 18,486 $ 18,292 $ 194 Customer deposits* $ 17,042 *Excludes Payroll and Brokered deposits $ 16,949 $ 94 Linked Quarter (LQ) LOANS DEPOSITS 7

Capital Strength 8 preliminary estimates* Capital in Excess of "Well Capitalized" Beacon Board Policy Limits Regulatory BASEL III Requirements Regulatory Capital Buffer $ Regulatory Capital Buffer % Operating Targets Policy Minimums "Well Capitalized" Minimum Jun - 26 $ millions $ 917.4 5.1% ≥ 8.0% ≥ 7.5% ≥ 6.5% ≥ 4.5% 11.6% Tier 1 Common / RWA $ 676.4 3.7% ≥ 9.5% ≥ 9.0% ≥ 8.0% ≥ 6.0% 11.7% Tier 1 / RWA $ 654.2 3.6% ≥ 11.5% ≥ 11.0% ≥ 10.0% ≥ 8.0% 13.6% Total Risk Based Capital $ 1,040.9 4.8% ≥ 6.5% ≥ 6.0% ≥ 5.0% ≥ 5.0% 9.8% Leverage Ratio * Regulatory capital ratios are preliminary estimates and may differ from numbers calculated in final Regulatory filings. $0.3225 Quarterly Dividend Per Share 42% payout based on 2Q’26 EPS 4.2% Current Dividend Yield** ** Based on annual dividend of $1.29 and stock price of $30.45 (close 06/30/26) 317% ICRE / Total RBC The Board of Directors announced a dividend of $0.3225 per share payable August 28, 2026 to stockholders of record on August 14, 2026. 24% Construction / Total RBC

Outlook 9 Our current Base Case does not anticipate changes to the Fed Fund Target Rate for the remainder of 2026. The regional economy continues to perform well however, the conflict in Iran continues to create greater uncertainty, elevated volatility, and higher longer - term interest rates which are impacting investment activity. FORWARD LOOKING Expect loan growth to be in the low single digits for the remainder of the year driven by strong C&I lending. Dependent on economic activity. Loans The net interest margin is expected in the range of 3.80% - 3.85%. Accretion from purchase accounting will be in the range of $12 million per quarter and will fluctuate due to prepayment activity. Margin Credit costs are expected in the range of $5 - 9 million per qtr. Credit Modest fee income growth in the mid - single digits is anticipated. Fees No further merger charges are anticipated. Targeted cost synergies announced in December 2024 have been executed on and realized. Expenses The effective tax rate is currently estimated in the range of 26% for the remainder of 2026. Taxes

APPENDIX NYSE: BBT 10

Non Performing Assets and Net Charge Offs 11 The $14.3 million in net charge - offs were primarily driven by a Boston office loan, a large industrial laundry loan at Eastern Funding, and two rent controlled multi - family properties. These charge - offs were largely specifically reserved for in prior periods. Δ 2Q25 Δ 1Q26 2Q26 Non Performing Assets (NPAs), in millions $ 74.7 $ 2.4 $ (1.0) $ 78.1 $ 77.1 CRE 11.6 54.8 5.1 61.3 66.4 C&I 4.1 5.1 - 9.2 9.2 Consumer 90.4 62.3 4.1 148.6 152.7 Total Non Performing Loans (NPLs) (0.6) 0.7 0.1 - 0.1 Other real estate owned 1.8 0.6 2.4 2.6 (0.2) Other repossessed assets $ 91.6 $ 63.6 $ 4.0 $ 151.2 $ 155.2 Total NPAs 0.21% 0.65% 0.03% 0.83% 0.86% NPLs / Total Loans 0.15% 0.55% 0.02% 0.68% 0.70% NPAs / Total Assets Net Charge Offs (NCOs), in millions $ 3.9 $ 3.5 $ 0.4 $ 7.0 $ 7.4 CRE loans 5.3 1.6 0.3 6.6 6.9 C&I loans - - 0.1 (0.1) Consumer loans - $ 9.2 $ 5.1 $ 0.8 $ 13.5 Total Net Charge Offs $ 14.3 0.11% 0.21% 0.02% 0.30% 0.32% NCOs / Avg. Loans (annualized) Linked Quarter (LQ) Year over Year (YoY) Amounts as presented may differ slightly from the Company’s Earnings Release due to rounding to foot schedules presented.

$7,798 $3,784 $2,284 $3,956 Investment CRE 44% Commercial Core 21% Specialty Lending 13% Retail 22% Perm Constr Total % Naics Total % Vertical Total % Call Code Total % 79% $ 3,138 Resi 1st Mtg 35% $ 788 ABL 16% $ 600 RE Agent / Broker 31% $ 2,400 $ 160 $ 2,240 Multifamily 1% 26 Resi Jr Mtg 40% 924 EF Core 15% 552 Food & Lodging 17% 1,324 3 1,321 Retail 17% 659 Resi Heloc 13% 287 44BC 11% 418 Health and Social 14% 1,084 22 1,062 Industrial Consumer 133 3% 1% 12 Firestone 11% 406 Professional 14% 1,065 30 1,035 Office 100% $ 3,956 Total 6% 145 EF Vehicle 10% 386 Manufacturing 7% 521 1 520 Hospitality EF Macrolease 128 5% 9% 324 Retail 6% 455 20 435 Healthcare Total $ 2,284 100% 8% 305 Finance and Ins 2% 199 17 182 Lab 6% 217 Arts, Entertainment 1% 136 - 136 Restaurant 5% 213 Wholesale Trade 8% 614 113 501 Other Total Loans Outstanding: $17,822 5% 202 Other Services 100% $ 7,798 $ 366 Total $ 7,432 3% 134 Construction 1% 27 Trans / Warehouse Total $ 3,784 100% Owner Occupied CRE included in Commercial and Equipment Finance Balances shown are loan book balances, net of acquisition marks. Major Loan Segments with Industry Breakdown 2Q26 EF Vehicle, EF Macrolease, and Firestone have discontinued new originations. 12

2Q26 Non - Owner Occupied CRE and Multifamily Exposures at June 30, 2026 39% 51% 7% 3% 13 Investment CRE Loan to Value (LTV)

49% 11% 14% 16% 10% Investment CRE by Maturity 2Q26 Non - Owner Occupied CRE and Multifamily Exposures at June 30, 2026 14

● Office CRE portfolio totals ~$1.2B or 6.6% of Total Loans. ● Continue to manage the risk of the portfolio with NPLs of ~3.7% and NCOs of ~$3.7MM in 2Q26, which was fully reserved. Ɣ Ɣ Ɣ Ɣ ● No meaningful exposure to any major metropolitan areas other than Boston, which represents ~17% of the portfolio, roughly half of which would be considered CBD (Commercial Business District) or CBD adjacent. Majority of portfolio (~54%) is Class B Office space. Weighted Average Loan - to - Value is ~55%. Weighted Average Debt Service Coverage is ~1.5x. Top 20 loans are ~38% of the total CRE Office portfolio Office Portfolio & Asset Quality Office Portfolio Metrics Suburban, 63% Urban, 29% Rural, 8% 2026, 21% 2027, 12% 2028, 13% Maturity 2029 & Schedule After, 54% ~98% of portfolio is within footprint and 63% is Suburban Majority of portfolio (~67%) matures after 2027 Office Portfolio, includes Construction 2Q26 ($ in millions) 15 2Q26 1Q26 $ % $ % Non - Accrual $ Criticized $ ortfolio Avg Size 2Q26 P $ ($ in millions) $ 4.9 $ 71.4 $ 6.8 $ 458.0 Class A 4% $ 43.0 3% $ 30.4 CRE Office: Construction $ 36.9 $ 125.8 $ 1.7 $ 626.2 Class B 9% $ 108.3 9% $ 103.4 CRE Office: Owner Occupied $ 0.9 $ 1.0 $ 2.2 $ 84.6 Class C 87% $1,006.1 88% $1,035.0 CRE Office: Non - Owner Occupied $ 42.7 $ 198.3 $ 2.5 $ 1,168.8 100% $1,157.5 100% $1,168.8 Total CRE Office

● $2.9B of the $7.3B portfolio will mature or reprice within 24 months. ● Well balanced maturity / repricing profile and rate type profile. ● 3Q 2026 maturities or reprices represents $411MM of maturities, and $80MM in repricing; of which ~4% are Criticized due to one Office credit. The allowance for this loan is based upon current market valuations. Rate Type Fixed, 32% Fixed via Swap, 26% Floating, 21% Fixed to Floating, 21% 2026, 9% 2027, 17% 2028, 20% 2029 & After, 54% Maturity / Repricing Investment CRE Maturity and Repricing excludes Construction 2Q26 16

Securities Portfolio 2Q26 UST 20% 17 Agency 11% Corp 1% MBS 18% CMO 37% Municipals 13% Duration Book Yield Unreal. G/L Fair Value Book Value Current Par $ in millions 2.3 2.75% $ (15) $ 359 $ 374 $ 375 U.S. Treasuries 2.9 2.67% (13) 186 199 196 Agency Debentures 0.8 6.69% 1 25 25 26 Corp Bonds 5.3 3.83% (12) 310 323 356 Agency MBS 5.3 4.37% (14) 653 667 750 Agency CMO 6.2 5.41% 7 228 221 245 Municipals/Other 4.5 3.91% $ (47) $ 1,761 $ 1,809 $ 1,948 Total Highly liquid, risk averse securities portfolio with prudent duration and minimal extension risk. The entire investment portfolio is classified as Available for Sale. The after tax, mark to market on the portfolio is included in Accumulated Other Comprehensive Income in Stockholders’ Equity.

Interest Rate Risk 2Q26 Float (< 3 m) 74 % Adj. 13% Fixed 13% Loan Originations, $850 million, 6.31% coupon Total Loan Portfolio Mix – Duration 1.5 0.14% - 0.13% - 0.42% 0.89% 1.08% 1.29% 1.37% 0.10% 0.62% 1.12% 1.59% - 0.79% 1Q27 Cumulative Net Interest Income Change by Quarter 6/30/2026 Flat Balance Sheet , simulations reflect a product weighted beta of ~60% on total interest bearing deposits. Excludes impact of purchase accounting. - 100bps Ramp Forward - Implied Rates +200bps Ramp Float (< 3 m) 41 % 18 Adj. 24% Fixed 35% 3Q26 4Q26 2Q26 Accretion related to loan purchase accounting is held constant in each scenario. The impact of changes in loan prepayments on accretion is not reflected at this time. Amounts as presented may differ slightly from the Company’s Earnings Release due to rounding to foot schedules presented.

Wealth Management %Δ Δ 1Q26 2Q26 $ thousands 3% $ 116 $ 4,061 $ 4,177 Asset based revenue Other revenue: 21% 72 344 416 Insurance commission revenue 4% 188 $ 4,405 $ 4,593 Total reported revenue Linked Quarter (LQ) $3,352 19 $3,347 $3,338 $3,413 3Q 2025 4Q 2025 1Q 2026 2Q 2026 $ in Millions Assets Under Management

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