Beacon Financial (BBT)
Regional banking across the Northeast, plus national equipment finance and SBA lending.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: $34 | Target: $36 |
| Jun 26, 2026 | Piper Sandler | Reiterate | Rating: —Target: $33 | Target: $34 |
| May 4, 2026 | Piper Sandler | Reiterate | Rating: —Target: — | Target: $33 |
| Jan 30, 2026 | RBC Capital | Reiterate | Rating: —Target: — | Target: $31 |
| Jan 29, 2026 | Seaport Global | Target | Target: — | Target: $42 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $240.7M · Total debt $979.5M · Total assets $22.25B · Shareholders' equity $2.54B
- Revenue
- $319.6M
- Operating income
- $87.0M
- Net income
- $64.4M
HistoryDividendAnnual yield
| Insiders | 1.46% | 1.23M shares | |
|---|---|---|---|
| 30 holders · as of Sep 2, 2026 | |||
| Other | 98.54% | 82.80M shares | |
| remainder | |||
84.03M company shares as of Aug 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Paul A. PerraultInsiderdirector, officer: President and CEO | 0.34% | 285,816 | filed Sep 2, 2026 |
Sean GrayInsiderofficer: Chief Operations Officer | 0.16% | 134,075 | filed Jun 24, 2026 |
Nitin J. MhatreInsiderdirector, officer: President and CEO | 0.15% | 128,831 | filed Sep 3, 2025 |
Bogdan NowakInsiderdirector | 0.14% | 114,539 | filed Jun 24, 2026 |
Carl M. CarlsonInsiderofficer: CFO & Chief Strategy Officer | 0.10% | 84,732 | filed Sep 2, 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 |
- 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
- M&T Bank
New York commercial and CRE banking pressure
- Valley National Bancorp
New York CRE and commercial banking competitor
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Beacon Financial | $28.42 | −0.04% | $2.42B | 21.8 | 8.9 | 2.1 | +92.8% |
| Eastern Bankshares | $21.37 | 0.00% | $4.96B | 12.2 | 10.7 | 3.5 | +29.6% |
| Independent Bank | $80.30 | −0.09% | $3.92B | 14.7 | 10.4 | 3.1 | +1.1% |
| Citizens Financial Group | $65.49 | −0.01% | $28.49B | 14.6 | 11.1 | 2.5 | +12.1% |
| M&T Bank | $223.42 | −0.03% | $32.89B | 12.0 | 11.2 | 2.6 | +5.7% |
| Valley National Bancorp | $13.13 | +0.08% | $7.43B | 11.2 | 9.3 | 2.5 | +13.3% |
| Median | 12.2 | 10.7 | 2.6 | +12.1% |