Beacon Financial Corporation filings document the regulatory record of a NYSE-listed bank holding company for Beacon Bank & Trust. The company’s 8-K reports disclose quarterly results, Regulation FD investor presentations, dividend approvals, stock-repurchase authorization and related bank-regulatory non-objection, along with material-event disclosures tied to its capital structure and operations.
Beacon Financial’s proxy materials cover annual meeting voting matters, board governance, executive compensation and equity-award disclosures. Its filings also identify the company’s common stock, par value and exchange listing, and provide formal disclosure around the completed merger of equals that established the current Beacon Financial and Beacon Bank organization.
Beacon Financial Corporation (BBT) has issued $175,000,000 aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 under an existing automatic shelf registration. The Notes are unsecured, subordinated obligations intended to qualify as Tier 2 capital under Federal Reserve capital regulations.
The Notes mature on September 1, 2036. From issuance to, but excluding, September 1, 2031, they bear a fixed interest rate of 6.25%, payable semi-annually on March 1 and September 1, starting March 1, 2027. Thereafter, the rate resets quarterly to a benchmark rate (expected to be Three-Month Term SOFR) plus 215 basis points, with interest paid quarterly.
Beacon estimates net proceeds of approximately $171.8 million, which it intends to use, together with cash on hand if needed, to redeem its outstanding $75 million aggregate principal amount of 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029 on September 15, 2026 at 100% of principal plus accrued interest, and for general corporate purposes.
Beacon Financial Corporation (BBT) is issuing $175,000,000 of 6.25% fixed-to-floating rate subordinated notes due September 1, 2036 under its shelf registration. The notes price at 100% of principal, with an underwriting discount of 1.25%, for gross proceeds of $175 million and net proceeds before expenses of $172.8 million.
The notes pay a fixed 6.25% interest rate semiannually to, but excluding, September 1, 2031, then float at Three-Month Term SOFR plus 215 basis points, with a zero floor, paid quarterly. They are unsecured, subordinated obligations of the holding company, structurally subordinated to liabilities of Beacon Bank & Trust and other subsidiaries, and are intended to qualify as Tier 2 capital.
Beacon expects net cash proceeds of about $171.8 million, which, together with cash on hand, will be used to repay $75 million of its 6.0% fixed-to-floating subordinated notes due 2029 and for general corporate purposes. The notes are callable at par, subject to Federal Reserve approval, on or after September 1, 2031 or earlier upon specified tax or regulatory events, will not be listed on any exchange, and carry limited events of default focused on insolvency events.
Beacon Financial Corp (BBT) director Merrill W. Sherman reported two bona fide gift transactions of common stock. On 2026-08-19, Sherman disposed of 23,421 shares of directly held stock at a reported price of $0.0000 per share, leaving 2,509 direct shares, which a note describes as restricted shares granted under the 2025 Beacon Financial Corporation Stock Option and Incentive Plan that vest one year from the grant date. On the same date, an associated trust, The Merrill W. Sherman Trust - 2017, acquired 23,421 shares as an indirect holding via gift, bringing that trust’s reported indirect position to 23,421 shares.
Beacon Financial Corporation is conducting a primary offering of fixed-to-floating rate subordinated notes due 2036 under its effective shelf registration. The notes are unsecured, subordinated obligations that rank junior to all existing and future senior indebtedness, equal with other subordinated notes, and structurally subordinated to liabilities of Beacon Bank & Trust and other subsidiaries. Interest is fixed from issuance to 2031 and then floats at a Benchmark expected to be Three-Month Term SOFR plus a spread, with the Benchmark floored at zero.
Beacon may redeem the notes at par plus accrued interest starting with the 2031 interest payment date, subject to Federal Reserve approval, and also upon specified tax, regulatory capital, or investment company law events. Net proceeds are intended, together with cash on hand if needed, to repay $75 million of outstanding 2029 subordinated notes plus accrued interest and for general corporate purposes. As of June 30, 2026, Beacon reported total deposits of $18.49 billion, total borrowed funds of $888.6 million, and a total risk-based capital ratio of 13.61%, and operates 145 banking offices across New England and New York.
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.