Beacon Financial Q1 profit falls from Q4, rises yr/yr

Beacon Financial

29/04/2026 21:36

Overview

U.S. regional bank's Q1 net income and EPS fell from Q4, but rose yr/yr

Operating EPS for Q1 increased from prior year, reflecting merger impact

Company announced $50 mln stock buyback program

Outlook

Company expects merger synergies to drive stronger financial performance later in 2026

Result Drivers

MERGER INTEGRATION - Co said Q1 results reflected near-term pressures and the tail end of merger activity, including completion of core system conversion

NET INTEREST INCOME DECLINE - Net interest income and margin fell sequentially due to lower yield on loans and leases and a reduction of interest earning assets, partly offset by lower funding costs

ASSET QUALITY PRESSURE - Increase in net charge-offs and nonperforming assets sequentially, mainly from a large Boston office loan, equipment financing, and some SBA loans

Company press release: ID:nGNX5RBplQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.55
Q1 Credit Loss Provision
$7.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Beacon Financial Corp is $34.00, about 6.9% above its April 28 closing price of $31.82

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)