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Fuller & Thaler Asset Management, Inc., a California corporation, filed an amended Schedule 13G reporting its passive ownership in Beacon Financial Corp common stock as of June 30, 2026. The firm reported beneficial ownership of 3,936,942 shares, representing 4.7% of the outstanding class.
Fuller & Thaler reported sole voting power over 3,877,188 shares and sole dispositive power over 3,936,942 shares, with no shared voting or dispositive power. The filing notes that the firm now holds 5 percent or less of this class of securities.
Beacon Financial Corporation furnished an investor presentation as of August 13, 2026 for use by management in meetings with investors, analysts, and other interested parties during the third quarter of 2026. The materials are provided as an exhibit under a Regulation FD disclosure.
The company states that this information, including the investor presentation attached as Exhibit 99.1, is being furnished rather than filed, so it is not subject to certain liabilities under the Securities Exchange Act of 1934 and is not automatically incorporated by reference into other securities law filings.
Beacon Financial Corporation reported higher profitability in Q2 2026 as integration of its merger-of-equals progressed. Net income for the quarter was $64,426 thousand versus $22,026 thousand a year earlier, and six‑month net income was $110,643 thousand versus $41,126 thousand. Net interest income reached $193,207 thousand in the quarter and $383,981 thousand year-to-date. Non-interest income rose to $25,988 thousand, led by deposit and loan fees, wealth management fees and gains on loan sales, while non-interest expense increased to $127,256 thousand with higher compensation, technology and amortization of acquired intangibles. Diluted earnings per share were $0.77 compared with $0.25, and dividends per share were $0.3225.
Total assets were $22,250,964 thousand at June 30, 2026, down from $23,220,372 thousand at year-end, as cash and short-term investments declined and loans and leases moderated to $17,822,218 thousand. Total deposits were $18,485,864 thousand and borrowed funds $888,592 thousand. The allowance for loan and lease losses was $238,189 thousand, plus $13,470 thousand for unfunded commitments, based on lifetime loss models and qualitative overlays. Available-for-sale securities had fair value of $1,761,297 thousand with net unrealized losses of $47.4 million recorded in accumulated other comprehensive loss.
Beacon Financial Corp General Counsel Eagan John Buckley filed an initial ownership report showing direct beneficial ownership of 7,961 shares of common stock. This position includes shares of restricted stock granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan.
Beacon Financial Corporation announced a planned leadership transition, with longtime General Counsel and Corporate Secretary Wm. Gordon Prescott retiring effective July 31, 2026, and John B. Eagan assuming the General Counsel and Corporate Secretary roles on August 1, 2026. Eagan, previously Deputy General Counsel and Assistant Secretary, will join the Executive Management Committee and oversee all legal affairs for the company and Beacon Bank.
The board also adopted an Equity Award Treatment upon Retirement (Good Leaver) Policy for Management Committee members and selected key employees, designed to support succession planning and talent development. Subject to committee approval and conditions, eligible retirees may receive continued vesting of certain equity awards if they sign a release and reaffirm non‑competition, non‑solicitation and confidentiality covenants. Retirement generally requires age plus years of continuous service of at least 65 and a minimum of 5 years of continuous service, with committee discretion. Beacon Financial is a regional bank holding company with $22.3 billion in assets and more than 145 branches in New England and New York.
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.
Beacon Financial Corporation states that its directors may be removed, with or without cause, by the affirmative vote of at least a majority of the voting power of all outstanding shares entitled to vote in director elections, consistent with Section 141(k) of the Delaware General Corporation Law. The Board of Directors plans to propose an amendment to the certificate of incorporation at the next annual meeting of stockholders to reflect this removal standard. The Board also states it does not believe calling a special stockholder meeting solely to amend the charter is in stockholders’ best interests due to the associated costs.
Beacon Financial Corp President and CEO Paul A. Perrault reported stock awards and updated holdings. He received two grants of 18,174 shares of common stock each at $0.00 per share as "grant, award, or other acquisition" transactions on June 16, 2026.
Footnotes state one grant is restricted stock that vests in three equal annual installments starting one year from grant, and the other is performance-based restricted stock that vests on the third anniversary based on performance metrics. After these awards, Perrault directly holds 258,649 shares, which include restricted stock granted under the 2025 Stock Option and Incentive Plan, and indirectly holds 31,500 shares through Paul A. Perrault GRAT #3.
McCurdy Michael W. reported acquisition or exercise transactions in this Form 4 filing.
Beacon Financial Corp Chief Banking Officer Michael W. McCurdy received equity awards in the form of restricted stock, not open-market purchases. On the grant date, he was awarded 5,167 shares of restricted stock that vest in three equal annual installments starting one year after grant.
He also received 5,167 performance-based restricted shares that vest on the third anniversary of the grant date, subject to performance metrics under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan. These awards increase his equity-based compensation and align part of his pay with time- and performance-based conditions.
Meiklejohn Mark J. reported acquisition or exercise transactions in this Form 4 filing.
Beacon Financial Corp Chief Credit Officer Mark J. Meiklejohn reported receiving two grants of 4,420 shares each of common stock as awards, not open-market purchases. One grant is restricted stock that vests in three equal annual installments starting one year after the grant date. The other is performance-based restricted stock that vests on the third anniversary of the grant date if specified performance metrics are met. Following these awards, his direct holdings are reported as 57,602 shares in one line and 53,182 shares in another, both figures including restricted stock granted under the 2025 Stock Option and Incentive Plan.