Beacon Financial Corporation (BBT)
The company now
Beacon Financial Corporation reported net income of $61.2 million for the third quarter of 2026, down from $64.4 million in the second quarter 2.
The company, a bank holding company, said net interest income, the gap between what it earns on loans and pays on deposits, rose $3.9 million to $197.2 million 2.
New chief executive Sean Gray said higher rates made borrowers more cautious and weighed on loan growth 2.
Total loans and leases fell $169.8 million to $17.7 billion 2.
The board raised its share buyback authorization to $125 million, which needs regulatory approval 2.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.