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 reported much stronger quarterly results as a larger combined institution following its 2025 merger of equals. For the three months ended March 31, 2026, net income rose to $46.2 million from $19.1 million a year earlier, and diluted EPS increased to $0.55 from $0.21. Net interest income more than doubled to $190.8 million, driven by higher interest and dividend income of $292.4 million, partly offset by higher funding costs.
Total assets were $22.2 billion at March 31, 2026, with loans and leases of $17.9 billion and deposits of $18.3 billion. Deposits declined from $19.5 billion at year-end, while FHLB advances increased to $822.1 million. The allowance for loan and lease losses was $244.4 million, and the allowance for unfunded commitments was $16.6 million, reflecting updated credit models and qualitative adjustments.
Non-interest expense rose to $140.8 million, including $13.0 million of merger and restructuring costs and higher compensation, occupancy, and technology spending. Accumulated other comprehensive loss deepened to $31.4 million, mainly from larger unrealized losses on the $1.7 billion available-for-sale securities portfolio, leading to comprehensive income of $34.8 million.
Beacon Financial Corporation announced that it received a notice of non-objection from the Board of Governors of the Federal Reserve for its previously adopted stock repurchase program. This regulatory clearance allows the company to move forward with buying back its own shares.
Under the program, Beacon Financial may repurchase up to $50 million of its outstanding common stock. Repurchases can occur from time to time between May 5, 2026 and May 4, 2027 through open market or negotiated transactions at prevailing market prices, in accordance with federal securities laws.
Beacon Financial Corp Chief Marketing Officer Levante Gary R. filed an initial ownership report showing holdings of 6,494 shares of common stock. The position includes restricted stock granted under the Beacon Financial Corporation 2025 Stock Option and Incentive Plan. This filing reports holdings rather than a new stock purchase or sale.
Beacon Financial Corp reported a Schedule 13G disclosure: Vanguard Capital Management reports beneficial ownership of 4,403,534 shares of common stock as of 03/31/2026. The filing shows this stake equals 5.25% of the class, with sole dispositive power over 4,403,534 shares and sole voting power over 637,350 shares. The filing lists CUSIP 084680107 and is signed by Vanguard's Head of Global Fund Administration on 04/29/2026.
Beacon Financial Corporation reported first quarter 2026 net income of $46.2 million, or $0.55 per share, up sharply from $19.1 million a year earlier but down from $53.4 million in the prior quarter. Operating earnings were $58.4 million, or $0.70 per share, excluding $13.0 million of merger and restructuring costs as integration of its merger of equals continues.
Total assets were $22.2 billion, with loans of $17.9 billion and deposits of $18.3 billion, reflecting seasonal and payroll-related deposit outflows and lower cash balances. The net interest margin was 3.78%, down 4 basis points from the prior quarter as loan yields and earning assets declined slightly.
Asset quality weakened: nonperforming loans rose to 0.83% of total loans and leases, and net charge-offs increased to $13.6 million, or 0.30% of average loans and leases. The allowance for loan and lease losses was 1.36% of total loans and leases. Return on average assets was 0.84%, and return on average tangible stockholders’ equity was 9.30%.
The Board declared a regular quarterly dividend of $0.3225 per share, payable May 29, 2026, and approved a $50 million stock repurchase program, subject to regulatory approval. Tangible book value per common share increased to $23.48, and tangible stockholders’ equity to tangible assets was 9.07%.
Beacon Financial Corp reported a Schedule 13G showing Vanguard Portfolio Management beneficially owns 5,192,136 shares of Common Stock. The filing states this equals 6.19% of the class and that Vanguard Portfolio Management has sole dispositive power over 5,192,136 shares and sole voting power over 58,204 shares. The filing lists affiliate voting/dispositive arrangements under SEC Release No. 34-39538.
Beacon Financial Corporation is asking stockholders to vote at its 2026 virtual Annual Meeting on May 13, 2026. Proposals include electing 16 directors, ratifying KPMG LLP as auditor for 2026, and approving a non-binding “say on pay” vote for named executive officers.
The proxy describes Beacon’s 2025 merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, which created Beacon Bank & Trust. The combined Bank is among the top 100 U.S. banks with over $23 billion in total assets, approximately 2,000 employees and more than 145 branches and commercial centers across New England and New York.
Each share of common stock has one vote, and there were 84,028,225 shares outstanding on the March 20, 2026 record date. Fifteen of sixteen director nominees are independent under NYSE rules, and the Board operates four key committees overseeing audit, compensation, governance and risk.
Beacon Financial Corporation owners filed a Schedule 13G reporting group ownership by Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. The filing lists 4,565,343 shares (5.4%) for Integrated Core Strategies and 4,701,289 shares (5.6%) for Millennium-related filers as beneficially held.
The ownership positions are reported as shared voting and shared dispositive power. A Joint Filing Agreement dated March 25, 2026 is attached and signatures appear for the named filers.
Beacon Financial Corp: The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A stating it beneficially owns 0 shares of Beacon Financial Corp common stock as reported in the amendment.
The filing explains an internal realignment on January 12, 2026 that led certain Vanguard subsidiaries and business divisions to report beneficial ownership separately from The Vanguard Group, Inc.