Beacon Financial
Regional banking across the Northeast, plus national equipment finance and SBA lending.
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Profile
Provides deposits, commercial and residential lending, cash management, wealth advice, equipment finance, and SBA lending through a Northeast regional bank and national specialty businesses. Most revenue comes from banking spreads, with commercial real estate forming the largest loan category.
Operates Beacon Bank across New England and New York, gathering commercial, municipal, and retail deposits and making commercial real estate, business, residential, and consumer loans. Cash management, foreign exchange, digital banking, trust, and investment advisory services extend those customer relationships.
Combines a regional branch franchise with national specialty lending: Eastern Funding provides equipment financing, 44 Business Capital originates SBA loans, and Clarendon Private serves private-wealth clients. The legacy banks now share one brand and core system after the Berkshire Hills–Brookline merger.
Earns primarily from the spread between interest received on loans and investments and interest paid on deposits and borrowings. Commercial real estate is the largest loan category, concentrating credit exposure in property markets, while deposit funding, interest rates, and bank-capital rules shape results.
Company facts
Categories
Key statistics
Year to date +18.9% · Average volume (30d) 763.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Overweight | $34 | $36 | |
| Jun 26, 2026 | Piper Sandler | Reiterate | Overweight | $33 | $34 | |
| May 4, 2026 | Piper Sandler | Reiterate | Overweight | $33 | ||
| Jan 30, 2026 | RBC Capital | Reiterate | Sector Perform | $31 | ||
| Jan 29, 2026 | Seaport Global | Target | $42 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.77 | $0.77 | +0.4% | $221.1M | $219.2M | −0.9% | −0.37% |
| Apr 29, 2026Q1 FY26 | $0.83 | $0.70 | −15.7% | $230.2M | $214.7M | −6.7% | −8.97% |
| Jan 28, 2026Q4 FY25 | $0.79 | $0.79 | 0.0% | $230.9M | $225.7M | −2.3% | +2.66% |
| Jul 24, 2025Q2 FY25 | $0.58 | $0.69 | +19.0% | $113.3M | $113.7M | +0.3% | −0.31% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $164.1M | $170.2M | $228.5M | $309.7M | $290.3M | $319.6M | |
| Gross profit | $100.0M | $106.7M | $57.4M | $188.7M | $180.7M | $214.3M | |
| Operating income | $34.6M | $41.5M | −$71.9M | $75.2M | $66.0M | $87.0M | |
| Net income | $25.7M | $30.4M | −$50.2M | $53.4M | $46.2M | $64.4M | |
| Diluted EPS | $0.28 | $0.33 | −$0.64 | $0.64 | $0.55 | $0.77 | |
| Gross margin | 61.0% | 62.7% | 25.1% | 60.9% | 62.3% | 67.0% | |
| Operating margin | 21.1% | 24.4% | -31.5% | 24.3% | 22.7% | 27.2% |
Fiscal years (4-quarter sums)FY24 $613.9M · FY25 $872.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $240.7M · Total debt $979.5M · Total assets $22.25B · Shareholders' equity $2.54B
Dividends
Raised for 4 straight years — most recently to $0.323 from $0.3225 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $0.323 | |
| May 15, 2026 | May 15 | May 29 | $0.323 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.323 | raised from $0.3225 |
| Nov 10, 2025 | Nov 10 | Nov 24 | $0.3225 | raised from $0.18 |
| Aug 14, 2025 | Aug 14 | Aug 21 | $0.18 | |
| May 15, 2025 | May 15 | May 29 | $0.18 | |
| Feb 20, 2025 | Feb 20 | Mar 6 | $0.18 | |
| Nov 14, 2024 | Nov 14 | Nov 27 | $0.18 |
Ownership
Shares outstanding 84.03M · Float 45.02M · 53.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Paul A. Perrault · director, officer: President and CEO | 290.1K | 0.35% | Form 4 | Jun 24, 2026 |
| Sean Gray · officer: Chief Operations Officer | 134.1K | 0.16% | Form 4 | Jun 24, 2026 |
| Nitin J. Mhatre · director, officer: President and CEO | 128.8K | 0.15% | Form 4 | Sep 3, 2025 |
| Bogdan Nowak · director | 114.5K | 0.14% | Form 4 | Jun 24, 2026 |
| Carl M. Carlson · officer: CFO & Chief Strategy Officer | 86.0K | 0.10% | Form 4 | Jun 24, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 26, 2026 | Michael W. McCurdy | officer: Chief Banking Officer | −17,333 | $31.04 |
| Nov 4, 2025 | Thomas J. Hollister | director | +4,200 | $24.66 |
| Nov 4, 2025 | Mary Anne Callahan | director | +4,000 | $24.67 |
| Nov 3, 2025 | Carl M. Carlson | officer: CFO & Chief Strategy Officer | +2,000 | $24.69 |
| Nov 3, 2025 | William H. III Hughes | director | +635 | $24.26 |
Peers
- Eastern Bankshares
Boston-area banking, lending, and wealth overlap
- Independent Bank
Rockland Trust overlaps in New England banking
- Citizens Financial Group
Large Northeast retail and commercial bank overlap
- Webster Financial
Northeast commercial, consumer, and deposit rival
- M&T Bank
New York commercial and CRE banking pressure
- Valley National Bancorp
New York CRE and commercial banking competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Beacon Financial | $31.39 | 0.00% | $2.64B | 23.8 | 9.9 | 2.3 | +92.8% |
| Eastern Bankshares | $22.29 | −0.04% | $5.15B | 12.7 | 11.1 | 3.6 | +29.6% |
| Independent Bank | $82.06 | −0.07% | $3.96B | 14.8 | 10.7 | 3.2 | +1.1% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| Valley National Bancorp | $13.92 | 0.00% | $7.71B | 11.6 | 9.8 | 2.6 | +13.3% |
| Median | 12.6 | 11.3 | 2.8 | +8.9% |