Beacon Financial Corporation (NYSE: BBT) closed at $28.39, up 0.02% at the market close. Market capitalization stood at about $2.39 billion (USD).
Latest Quarterly Results
For the quarter ended December 31, 2025, consolidated revenue was $225.659 million and net income was $53.366 million. Revenue rose 146.42% year‑over‑year. Net income rose 204.32% year‑over‑year.
Segment highlights (three months ended December 31, 2025):
– Net interest income: $199.741 million.
– Non‑interest income: $25.918 million.
– Non‑interest expense (including merger and restructuring): $142.366 million.
Financial Trends
Full-Year Results Context
For the year ended December 31, 2025, consolidated revenue was $552.999 million and net income was $90.271 million. Annual revenue increased versus the prior year. Annual net income increased versus the prior year.
Business & Operations Update
The company completed a merger of equals between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc., effective Sept. 1, 2025, forming Beacon Financial Corporation and its banking subsidiary. The company adopted FASB ASU 2025‑08 for purchased loans and applied related adjustments in the period. The board approved a quarterly dividend of $0.3225 per share payable Feb. 27, 2026.
M&A or Strategic Moves
The companies announced a merger agreement in December 2024 and completed a merger of equals effective Sept. 1, 2025. The merger combined Berkshire Hills Bancorp and Brookline Bancorp into Beacon Financial Corporation and Beacon Bank & Trust. Regulatory approvals were disclosed in filings ahead of the closing.
Equity Analyst Commentary
Institutional research and sell-side notes around the results highlighted that reported revenue and earnings comparatives were affected by the accounting treatment of the merger and presentation adjustments.
Guidance & Outlook — what to watch for
What to watch for: management commentary on integration of legacy platforms and branches, updates on merger synergies and cost‑saving targets, details from the Jan. 29 conference call, and the effects of ASU 2025‑08 on comparative metrics.
Performance Summary
Shares closed essentially flat. Q4 revenue and net income expanded on reported results. Merger accounting affected comparability.
