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Beacon Financial Corporation operates as the bank holding company for Beacon Bank & Trust that provides various banking services in New England, New York, the United States, and internationally. The company accepts commercial, municipal, and retail deposits. It originates mortgage loans on commercial and residential real estate, as well as commercial loans and leases. The company is also involved in investment in debt and equity securities and offers cash management, trust, and investment advisory services. In addition, it provides specialty equipment financing and SBA lending, online and mobile banking services, as well as wealth management services to individuals, families, endowments, and foundations. The company was founded in 1846 and is headquartered in Boston, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $553M | - | $90M | $212M | 3.6% | 55.5% | 31.4% |
| 2024 | $356M | - | $69M | $100M | 5.6% | -4.2% | -8.4% |
| 2023 | $371M | - | $75M | $104M | 6.3% | 13.2% | -31.7% |
| 2022 | $328M | - | $110M | $113M | 11.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 328.02 | 371.31 | 355.56 | 552.99 |
| Pretax Income | - | 139.95 | 93.91 | 91.69 | 121.86 |
| Tax Provision | - | 30.20 | 18.92 | 22.98 | 31.59 |
| Net Income | - | 109.74 | 75 | 68.72 | 90.27 |
| Net Income Common Stockholders | - | 109.74 | 75 | 68.72 | 90.27 |
| Interest Expense | - | 45.42 | 237.58 | 298.94 | 329.68 |
| Interest Income | - | 345.19 | 577.29 | 628.52 | 832.79 |
| Selling General And Administration | - | 121.64 | 151.46 | 157.01 | 204.99 |
| Normalized Income | - | 111.51 | 80.92 | 71.86 | 135.97 |
| Market Cap | 2,628.40 | 2,628.40 | 2,628.40 | 2,628.40 | 2,628.40 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Beacon Financial Corporationthis co. | BBT | - | 29.12↑ premium | 1.05 | 3.6% | - |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| The Bancorp, Inc. | TBBK |
| - |
| - |
| - |
| - |
| - |
| - |
| $2.6B |
| 10.71 |
| 3.54 |
| 33.1% |
| - |
| Acadian Asset Management Inc. | AAMI | $2.5B | 30.27 | 39.96 | 132.0% | 14.22 |
| WisdomTree, Inc. | WT | $2.3B | 21.24 | 5.60 | 26.4% | 16.65 |
| Hilltop Holdings Inc. | HTH | $2.3B | 12.95 | 0.99 | 7.6% | - |
| Stewart Information Services Corporation | STC | $2.0B | 18.87 | 1.33 | 7.0% | - |
| Peer Median | - | 15.91 | 2.44 | 19.5% | 14.22 | |