Beacon Financial Corp BBT
Beacon Financial Corporation, a Delaware corporation, is the holding company for Beacon Bank & Trust and its subsidiaries and Clarendon Private.
The Company offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, foreign exchange services, on-line and mobile banking services, consumer and residential loans and wealth management services. Clarendon Private is a registered investment advisor with the SEC. Through Clarendon Private and the Trust and Investments Division of the Bank, the Company offers a wide range of wealth management services to individuals, families, endowments and foundations to help these clients meet their long-term financial goals.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.9M | $16.5M | $16.2M | $40.9M | $46.1M | $46.9M | $49.7M | $48.7M | $45.0M | $43.8M |
| Interest expense | $503.1M | $329.6M | $339.7M | $344.6M | $37.9M | $93.0M | $144.3M | $109.7M | $64.1M | $48.2M |
| Pre-tax income | $121.9M | $91.7M | $93.9M | $113.8M | $149.0M | -$533.0M | $124.0M | $138.2M | $91.2M | $77.5M |
| Income tax | $31.6M | $23.0M | $18.9M | $21.3M | $30.4M | $19.9M | $22.5M | $29.0M | $42.1M | $18.8M |
| Net income | $90.3M | $68.7M | $75.0M | $92.5M | $118.7M | -$533.0M | $97.5M | $105.8M | $55.2M | $58.7M |
| EPS, basic | 1.03 | 0.77 | 0.85 | 2.03 | 2.41 | -10.60 | 1.98 | 2.30 | 1.40 | 1.89 |
| EPS, diluted | 1.03 | 0.77 | 0.85 | 2.02 | 2.39 | -10.60 | 1.97 | 2.29 | 1.39 | 1.88 |
| Shares, diluted (wtd. avg.) | $87.7M | $89.3M | $88.5M | $45.9M | $49.6M | $50.3M | $49.4M | $46.2M | $39.7M | $31.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.04B | $543.7M | $133.0M | $383.0M | $1.63B | $1.56B | $579.8M | $183.2M | $248.8M | $113.1M |
| Property, plant and equipment | $162.5M | $86.8M | $68.9M | $85.2M | $94.4M | $112.7M | $121.5M | $108.4M | $109.4M | $93.2M |
| Goodwill | $351.6M | $241.2M | $241.2M | — | $0 | $0 | $553.8M | $518.3M | $519.3M | $403.1M |
| Other intangibles | $189.6M | $17.5M | $19.7M | $24.5M | $29.6M | $34.8M | $45.6M | $33.4M | $38.3M | $19.4M |
| Total assets | $23.22B | $11.91B | $12.43B | $11.66B | $11.55B | $12.84B | $13.22B | $12.21B | $11.57B | $9.16B |
| Short-term debt | — | $103.5M | $260.0M | $0 | $0 | $40.0M | $125.0M | $1.12B | $667.3M | $1.08B |
| Long-term debt | $788.4M | $1.52B | $246.6M | $125.5M | $110.8M | $531.6M | $702.5M | $399.0M | $469.8M | $232.0M |
| Total liabilities | $20.72B | $10.68B | $11.42B | $10.71B | $10.37B | $11.65B | $11.46B | $10.66B | $10.07B | $8.07B |
| Retained earnings | $485.9M | $458.9M | -$33.1M | -$71.4M | -$139.4M | -$233.3M | $361.1M | $308.8M | $239.2M | $217.5M |
| Total equity | $2.50B | $1.22B | $1.20B | $992.1M | $1.18B | $1.19B | $1.76B | $1.55B | $1.50B | $1.09B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $224.4M | $105.0M | $116.6M | $110.7M | $84.8M | $227.6M | $111.5M | $222.3M | $78.1M | $98.1M |
| Depreciation and amortisation | $10.0M | $8.0M | $8.4M | $9.6M | $11.0M | $12.5M | — | — | — | — |
| Stock-based compensation | — | $8.3M | $7.5M | $7.3M | $4.2M | $4.7M | $4.8M | $4.8M | $5.1M | $4.6M |
| Capital expenditure | $12.3M | $5.0M | $12.4M | $1.5M | $1.6M | $7.2M | $10.6M | $9.3M | $11.3M | $9.1M |
| Investing cash flow | $2.30B | -$139.6M | -$665.3M | -$1.26B | $621.2M | $641.1M | $1.20B | -$861.5M | -$282.9M | -$207.6M |
| Financing cash flow | -$1.03B | $445.3M | $298.7M | $207.7M | -$636.1M | $109.3M | -$917.5M | $573.7M | $340.5M | $119.0M |
| Dividends paid | $63.1M | $48.1M | $47.9M | $24.5M | $24.6M | $36.6M | $45.1M | $40.9M | $33.2M | $24.9M |
| Buybacks | — | $17.5M | $23.8M | $124.5M | $68.7M | $473.0K | $52.7M | $0 | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-013247.
Others in SIC 6036
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|---|---|---|---|---|
| FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $5.61B | — | -25.0% |
| HFWA | HERITAGE FINANCIAL CORP /WA/ | $1.20B | 14.9x | 1.5% |
| NBBK | NB Bancorp, Inc. | $1.01B | 17.3x | 14.8% |
| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $817.0M | 14.3x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $767.0M | 12.2x | — |
| GCBC | GREENE COUNTY BANCORP INC | $607.0M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $553.8M | 12.0x | 4.9% |
| PBFS | Pioneer Bancorp, Inc./MD | $460.6M | 22.3x | 5.8% |