BBT

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Beacon Financial stock has returned 32.7% over the past year, yet the valuation work gives a mixed message, with the Excess Returns intrinsic value estimate pointing to upside while the market based multiples look broadly in line with peers. That puts the focus on whether the current share price still offers enough cushion for investors who are looking closely at valuation. Over the last 12 months Beacon Financial has delivered a 32.7% return, which keeps the stock firmly on the radar for investors who care about how much of that move is already justified by fundamentals. Future revenue growth and cash flow generation can support the current price, while any pressure on credit quality or balance sheet strength may quickly change how sustainable this valuation looks. Beacon Financial scores 3 out of 6 on the broader checks, which is a mixed picture rather than a clear bargain or clear overvaluation, and you can see the detail behind that score in 3 of 6 valuation checks. The issue now is whether the Excess Returns estimate of intrinsic value that suggests Beacon Financial is undervalued by about 31.3% is a better guide than the market multiples that say the stock already looks about right. Beacon Financial delivered 32.7% returns over the last year. See how this stacks up to the rest of the Banks industry. The Excess Returns model examines how much profit Beacon Financial can generate above the cost of its equity capital and capitalizes that surplus into an intrinsic value. For Beacon Financial, the inputs point to a business earning more than its required return, with stable EPS of $3.21 per share against a cost of equity of $2.59 per share. That gap equates to an excess return of $0.62 per share on a book value base of $30.10 per share, supported by an average return on equity of 9.95% and a stable book value estimate of $32.25 per share. When those excess returns are projected forward, the model arrives at an intrinsic value of about $46.68 per share. Compared with the current share price, this implies Beacon Financial trades at roughly a 31.3% discount, which indicates the market may not be fully reflecting the earnings power implied by analysts' book value and ROE estimates. On these Excess Returns assumptions, Beacon Financial stock appears undervalued under this model. Our Excess Returns analysis suggests Beacon Financial is undervalued by 31.3%. Track this in your watchlist or portfolio, or discover 50 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Beacon Financial. P/E works well for Beacon Financial because earnings are a core anchor for how bank stocks are usually priced. Right now the stock trades on a P/E of about 16.9x, above the Banks industry average of roughly 12.1x and also higher than the peer group average near 13.3x. That indicates the market is already putting a premium on Beacon Financial compared with many listed banks. The Fair Ratio for Beacon Financial, which adjusts for factors such as growth profile, profitability, size and risk, is about 17.9x. The current 16.9x multiple sits close to that figure and only modestly below it. For investors who prefer earnings based benchmarks, this suggests the stock is neither clearly cheap nor clearly expensive on P/E alone. On the P/E multiple, Beacon Financial appears to be priced at roughly a fair level relative to what the model would expect. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where the Beacon Financial valuation puzzle leaves off. They explain which assumptions on growth, margins and earnings would need to hold for the stock to be worth meaningfully more or less than today’s price. Each narrative links a fair value to a specific set of potential catalysts and risks so you can track over time which version of Beacon Financial's story is unfolding on the Community page. You can add your voice to the Beacon Financial discussion by sharing a Narrative that sets out your number driven view on where its growth, margins and execution go from here. Put your thesis on the record and see how it holds up as new results and updates arrive. Do you think there's more to the story for Beacon Financial? Head over to our Community to see what others are saying! Beacon Financial screens as undervalued on the Excess Returns intrinsic value estimate, while the P/E multiple sits close to what the tailored fair ratio would suggest. That split reflects a model that puts more weight on the stock's long run earning power versus a market view that already prices in a reasonable outlook compared with peers. With broader checks sending a mixed signal, the key question is whether Beacon Financial can sustain the earnings and balance sheet quality that underpin those excess returns without needing a higher risk premium. The outcome is likely to determine whether the current discount represents an opportunity or a value trap. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BBT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. GAAP Earnings: $0.77 per share, up from $0.55 per share in the first quarter. Net Income: $64.4 million, compared to $46.2 million in the prior quarter. Return on Assets: Improved to 1.17% from 0.84%. Return on Tangible Common Equity: Increased to 12.84% from 9.3%. Net Interest Income: Increased $2.4 million to $193.2 million. Net Interest Margin: Expanded to 3.81% from 3.78%. Non-Interest Income: Totaled $26 million, up 9% from the first quarter. Non-Interest Expense: Declined $13.6 million from the prior quarter; core operating expenses were $118.9 million. Core Efficiency Ratio: Improved to 54.26%. Loans: Declined $102 million during the quarter; originations exceeded $850 million with a weighted average coupon of 6.31%. Deposits: Increased $194 million during the quarter. Net Charge-Offs: $14.3 million, or 32 basis points annualized. Nonperforming Loans: Increased to 86 basis points of total loans from 83 basis points. Allowance for Loan and Lease Losses: $238 million, or 130 basis points of loans and leases. Provision Expense: Declined to $5 million from $7.9 million. Tangible Book Value: Grew $0.50 to $23.98 per share. Tangible Common Equity: Increased to 9.25% of tangible assets from 9.07%. Dividend: Board approved a quarterly dividend of $0.3225 per share. Warning! GuruFocus has detected 8 Warning Signs with BBT. Is BBT fairly valued? Test your thesis with our free DCF calculator. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. GAAP earnings improved significantly to $0.77 per share from $0.55 in Q1, with ROA up to 1.17% and ROTCE up to 12.84%. Net interest margin expanded to 3.81%, driven by higher asset yields and an 8 basis point decline in deposit costs. Deposit growth resumed, with customer deposits up $93 million and total deposits up $194 million, reflecting franchise strength. Core efficiency ratio improved to 54.26%, beating the original merger target of $119.8 million in core expenses. Capital position strengthened, with tangible common equity up to 9.25% and tangible book value rising $0.50 to $23.98 per share. Commercial pipeline is robust at $1.3 billion (or $1.9 billion including unapproved loans), supporting expectations for modest loan growth in Q3 and acceleration in Q4. Loan balances declined $102 million during the quarter, with runoff in CRE and equipment finance portfolios only partly offset by growth in other areas. Net charge-offs increased to $14.3 million (32 bps annualized), concentrated in a Boston office credit, an industrial laundry relationship, and rent-controlled multifamily properties. Nonperforming loans rose to 86 bps of total loans from 83 bps, driven by higher non-accruals in the equipment financing portfolio. Criticized and classified assets saw slight deterioration, with a $26 million downgrade on a single-tenant property that was vacated. The company did not repurchase any stock during the quarter, and management was non-committal on future buyback activity, citing a 'fluid' situation. Expense guidance suggests limited near-term improvement, with some line items like marketing and incentive costs expected to rise. Q: Can you walk us through the thinking behind the expectation for a pickup in loan growth over the remainder of the year? Is it predicated on slowing runoff or a pickup in activity?A: Paul Perrault (President and CEO) explained that the first six months were quiet across the market, compounded by merger conversions and planned portfolio runoff. However, he noted a tangible shift in momentum, stating, "I can't see a lot of it yet, but I can certainly feel it." He highlighted a robust pipeline of "great names" across their regions, with the timing of closings dependent on customers. He confirmed the commercial pipeline is approximately $1.3 billion, or closer to $1.9 billion when including loans not yet approved. Q: Can you provide more color on the credit trends, specifically the increase in non-performing assets and the outlook for charge-offs in the second half of the year?A: Mark Meiklejohn (Chief Credit Officer) stated that the increase in NPAs was driven by smaller-dollar accounts in the specialty vehicle portfolio at Eastern Funding, which is in runoff. He detailed that the quarter's charge-offs were concentrated in three previously identified creditsa Boston office loan, an industrial laundry relationship, and rent-controlled multifamily propertiesall of which were fully reserved for. He noted they were proactive in taking charges ahead of expected resolutions, with deals "inked" for payoffs in the current quarter. He added that they hold about $75 million in specific reserves on roughly $400 million in classified assets, positioning them well to absorb future losses. Q: With the merger integration complete and expenses beating the target, how should we think about the expense run rate for the next couple of quarters?A: Paul Perrault (President and CEO) indicated that expenses should trend along the current level for the rest of the year, with no significant growth or declines expected based on current visibility. He noted that more formal guidance for 2027 would be provided later this year. Carl Carlson (CFO) added that while some lines like marketing are expected to increase, incentive compensation was higher due to strong fee income, which is a positive sign, and overall expense management remains in very good shape. Q: What are your expectations for loan yields as the pipeline comes onto the balance sheet, and are you seeing any pressure on spreads?A: Carl Carlson (CFO) highlighted that Q2 originations of over $850 million carried a weighted average coupon of 631 basis points, substantially higher than the portfolio yield. He noted the steepening yield curve should provide continued benefit to loan yields. While acknowledging some competitive pressure on spreads, he characterized it as "one-off situations" for attractive credits rather than a wholesale market shift. Q: Is the robust loan pipeline focused on C&I or is it broader-based across categories and geographies?A: Paul Perrault (President and CEO) stated the pipeline is broad-based but dominated by C&I and commercial real estate. He explained that after successfully reducing CRE concentration, those teams are back in the market generating opportunities. He clarified that the $1.3 billion pipeline figure is strictly for C&I and CRE, excluding small business, residential, consumer, and Eastern Funding portfolios. Q: Can you provide an update on the buyback and whether we could see activity this year as capital rebuilds?A: Paul Perrault (President and CEO) confirmed no stock was repurchased during the quarter, but the $50 million authorization remains available for opportunistic purchases. When pressed on whether the current market doesn't present an opportunity, he responded, "It's fluid. It's a fluid situation," indicating a flexible approach to capital deployment. Q: How are you thinking about deposit costs going forward, and is there more room for relief?A: Carl Carlson (CFO) stated they do not anticipate rates going up for the balance of the year. He noted they are positioning the CD book to extend maturities slightly, offering a small premium for longer terms, but this shouldn't meaningfully move costs. He concluded, "I just don't see too much more room going down at this point," with future margin benefits expected to come from repricing and growth on the earning asset side. Q: Regarding the criticized loans maturing in the next two quarters, is any of that criticized, and how should we think about those resolutions?A: Mark Meiklejohn (Chief Credit Officer) identified one substandard loan of about $21 million maturing this quarter that is in the process of being extended with a potential good resolution. He also noted a special mention office loan of around $16 million in Stamford, Connecticut, maturing in Q4, which they expect to extend for a couple of years based on increased occupancy and successful leasing. Q: Can you provide an update on the rent-controlled New York City multifamily properties and the balance remaining after the charge-offs?A: Mark Meiklejohn (Chief Credit Officer) stated the balance was around $17 million last quarter. After taking approximately $3.5 million to $4 million in charges on a single name with two properties, the balance is now in the "low 10s." He reiterated that the charge-down was taken in anticipation of the sale of those notes in the coming quarter. Q: Can you provide any color on the geographic dispersion of the loan pipeline?A: Paul Perrault (President and CEO) declined to provide specific geographic details, stating, "It's not something we're going to share," even when asked for a high-level MSA breakdown. He confirmed the pipeline is broad-based across their regions. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Profitability improved significantly as the organization moved beyond merger-related disruption, allowing management to focus on the earnings power of the combined franchise. Net interest margin expanded to 3.81%, driven by higher yields on earning assets and a 8-basis point decline in interest-bearing deposit costs due to repricing. Loan balances saw a modest decline as planned runoff in commercial real estate and equipment finance portfolios outweighed growth in commercial and consumer lending. The core efficiency ratio improved to 54.26%, reflecting the full realization of expense synergies from systems consolidation and facility optimization. Management attributed the first half's quiet loan growth to broader market conditions and internal conversion activities, but noted a shift in momentum heading into the second half. Capital position strengthened with tangible common equity reaching 9.25%, supported by solid earnings generation and a conservative balance sheet posture. Management expects modest loan growth in the third quarter with a projected acceleration into the fourth quarter as robust pipelines begin to close. Operating expenses are expected to remain stable through the end of 2026, with marketing expenses likely to increase from current levels. The company anticipates continued benefit to loan yields as new originations, currently averaging 6.31%, replace lower-yielding legacy assets. Credit provisioning is expected to remain moderate for the remainder of the year, assuming current credit conditions persist. A $50 million stock repurchase authorization remains available for opportunistic use, though management describes the timing as a fluid situation. Charge-offs were concentrated in three specific areas: a Boston office credit, an industrial laundry relationship, and two rent-controlled multifamily properties, all of which were previously reserved. The equipment financing portfolio's specialty vehicle segment, which is currently in runoff, contributed to a modest increase in nonperforming loans. Management proactively took charges on an office loan and a rent-controlled multifamily credit ahead of expected resolutions in the current quarter. Payroll deposit balances remain highly volatile on a daily basis, ranging from $400 million to over $2 billion, though they are managed primarily as a fee-income business with excess funds held at the Fed. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The commercial pipeline stands at approximately $1.3 billion, or up to $1.9 billion when including loans not yet fully approved. Growth is expected to be broad-based across C&I and CRE, as the bank has successfully reduced real estate concentration and redeployed lending teams. Management expressed comfort with current reserve levels, noting $75 million in specific reserves against $400 million in classified assets. A large special mention office maturity in Connecticut is expected to be extended following improved occupancy and lease-up activity. While deposit costs have declined, management sees limited room for further downward repricing and is beginning to extend CD maturities by offering slight premiums. Margin benefits are expected to shift from funding cost relief to asset repricing as the loan portfolio turns over. Core operating expenses of $118.9 million were favorable to the original merger target of $119.8 million. Management expects some volatility in the 'other' expense line due to workout costs and fraud, but maintains a disciplined overall expense posture.

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

Beacon Financial (BBT) came out with quarterly earnings of $0.77 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $0.83 per share when it actually produced earnings of $0.7, delivering a surprise of -15.66%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Beacon, which belongs to the Zacks Banks - Northeast industry, posted revenues of $219.2 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.43%. This compares to year-ago revenues of $113.67 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Beacon shares have added about 13.6% since the beginning of the year versus the S&P 500's gain of 8.5%. While Beacon has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Beacon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $228.48 million in revenues for the coming quarter and $3.13 on $897.35 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens & Northern (CZNC), another stock in the same industry, has yet to report results for the quarter ended June 2026. This bank is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +57.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens & Northern's revenues are expected to be $38.6 million, up 30.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Beacon Financial Corporation (BBT) : Free Stock Analysis Report Citizens & Northern Corp (CZNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

For the quarter ended June 2026, Beacon Financial (BBT) reported revenue of $219.2 million, up 92.8% over the same period last year. EPS came in at $0.77, compared to $0.69 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $222.38 million, representing a surprise of -1.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.77. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Beacon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 58.1% compared to the 57% average estimate based on four analysts. Net interest margin, FTE: 3.8% compared to the 3.8% average estimate based on four analysts. Average Balance - Total earning assets: $20.51 billion versus $20.69 billion estimated by two analysts on average. Total non-interest income: $25.99 million versus the four-analyst average estimate of $25.16 million. Net Interest Income: $193.21 million compared to the $197.12 million average estimate based on three analysts. Non-interest income- Other: $4.74 million versus $5.21 million estimated by two analysts on average. Loan fees and other: $2.62 million versus $2.35 million estimated by two analysts on average. Deposit related fees: $8.51 million versus $9.55 million estimated by two analysts on average. Loan level derivative income (loss): $1.39 million compared to the $0.75 million average estimate based on two analysts. Gain on sales of loans and leases held-for-sale: $3.87 million versus $3.03 million estimated by two analysts on average. View all Key Company Metrics for Beacon here>>> Shares of Beacon have returned -1.6% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Beacon Financial Corporation (BBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MVB Financial (MVBF) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -24.24%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.39, delivering a surprise of +5.41%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. MVB Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $39.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.75%. This compares to year-ago revenues of $33.72 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MVB Financial shares have added about 12.8% since the beginning of the year versus the S&P 500's gain of 8.3%. While MVB Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MVB Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.44 on $39.5 million in revenues for the coming quarter and $1.63 on $153.6 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Beacon Financial (BBT), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29. This bank holding company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +11.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Beacon Financial's revenues are expected to be $222.38 million, up 95.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mvb Financial Corp. (MVBF) : Free Stock Analysis Report Beacon Financial Corporation (BBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shore Bancshares (SHBI) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this bank holding company would post earnings of $0.45 per share when it actually produced earnings of $0.55, delivering a surprise of +22.22%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Shore Bancshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $61.75 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.68%. This compares to year-ago revenues of $56.57 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Shore Bancshares shares have added about 29.4% since the beginning of the year versus the S&P 500's gain of 9.6%. While Shore Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Shore Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $61.61 million in revenues for the coming quarter and $2.08 on $244.7 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Beacon Financial (BBT), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29. This bank holding company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +11.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Beacon Financial's revenues are expected to be $222.38 million, up 95.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Shore Bancshares Inc (SHBI) : Free Stock Analysis Report Beacon Financial Corporation (BBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OFG Bancorp (OFG) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +17.80%. A quarter ago, it was expected that this financial holding company would post earnings of $1.02 per share when it actually produced earnings of $1.26, delivering a surprise of +23.53%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. OFG, which belongs to the Zacks Banks - Northeast industry, posted revenues of $190.28 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.70%. This compares to year-ago revenues of $182.36 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. OFG shares have added about 22% since the beginning of the year versus the S&P 500's gain of 8.7%. While OFG has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for OFG was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.18 on $181.29 million in revenues for the coming quarter and $4.79 on $731.03 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Beacon Financial (BBT), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 29. This bank holding company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +11.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Beacon Financial's revenues are expected to be $222.38 million, up 95.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OFG Bancorp (OFG) : Free Stock Analysis Report Beacon Financial Corporation (BBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research