Quarterly ResultApr 29, 2026, 04:21 PM
BBT Q1 Net Income $46.2M, EPS $0.55; $50M Stock Buyback
AI Summary
Beacon Financial Corporation reported Q1 2026 net income of $46.2 million, or $0.55 per share, down from $53.4 million in Q4 2025 but up from $19.1 million in Q1 2025. The company's Board authorized a $50 million stock buyback program and declared a quarterly dividend of $0.3225 per share. Results reflect near-term pressures and the tail end of merger activity, with the CEO anticipating stronger financial performance later in the year, despite a decrease in total assets and an increase in nonperforming loans.
Key Highlights
- BBT Q1 2026 Net Income $46.2 million, EPS $0.55
- Operating Earnings $58.4 million, Operating EPS $0.70
- Board authorized a $50 million stock buyback program
- Quarterly dividend declared of $0.3225 per share
- Total assets decreased $1.0 billion to $22.2 billion from Q4 2025
- Net interest income decreased $8.9 million to $190.8 million
- Net interest margin decreased 4 basis points to 3.78%
- Nonperforming loans and leases increased to 0.83% from 0.63% in Q4 2025