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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 |
| Operating Revenue | - | 328.02 | 371.31 | 355.56 | 552.99 |
| Selling General And Administration | - | 121.64 | 151.46 | 157.01 | 204.99 |
| Interest Income | - | 345.19 | 577.29 | 628.52 | 832.79 |
| Interest Expense | - | 45.42 | 237.58 | 298.94 | 329.68 |
| Net Interest Income | - | 299.77 | 339.71 | 329.58 | 503.11 |
| Pretax Income | - | 139.95 | 93.91 | 91.69 | 121.86 |
| Tax Provision | - | 30.20 | 18.92 | 22.98 | 31.59 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.49 | -1.49 | -1.05 | -15.99 |
| Net Income Continuous Operations | - | 109.74 | 75 | 68.72 | 90.27 |
| Net Income From Continuing And Discontinued Operation | - | 109.74 | 75 | 68.72 | 90.27 |
| Net Income From Continuing Operation Net Minority Interest | - | 109.74 | 75 | 68.72 | 90.27 |
| Net Income | - | 109.74 | 75 | 68.72 | 90.27 |
| Net Income Common Stockholders | - | 109.74 | 75 | 68.72 | 90.27 |
| Net Income Including Noncontrolling Interests | - | 109.74 | 75 | 68.72 | 90.27 |
| Normalized Income | - | 111.51 | 80.92 | 71.86 | 135.97 |
| Diluted NI Availto Com Stockholders | - | 109.74 | 75 | 68.72 | 90.27 |
| Basic Average Shares | - | 32.37 | 37.06 | 37.37 | 87.43 |
| Diluted Average Shares | - | 32.49 | 37.15 | 37.51 | 87.75 |
| Reconciled Depreciation | - | 6.52 | 16 | 14.64 | 24.78 |
| Total Unusual Items | - | -2.25 | -7.41 | -4.20 | -61.70 |
| Total Unusual Items Excluding Goodwill | - | -2.25 | -7.41 | -4.20 | -61.70 |
| Minority Interests | 0 | - | - | - | - |
| Special Income Charges | - | -2.25 | -7.41 | -4.20 | -61.70 |
| Restructuring And Mergern Acquisition | - | 2.25 | 7.41 | 4.20 | 61.70 |
| Gain On Sale Of Security | - | 4.46 | 5.26 | 2.02 | 1.41 |
| Depreciation Amortization Depletion Income Statement | - | 0.49 | 7.84 | 6.75 | 15.22 |
| Depreciation And Amortization In Income Statement | - | 0.49 | 7.84 | 6.75 | 15.22 |
| General And Administrative Expense | - | 116.66 | 146.74 | 151.77 | 199.02 |
| Salaries And Wages | - | 113.49 | 138.90 | 143.72 | 191.20 |
| Insurance And Claims | - | 3.18 | 7.84 | 8.04 | 7.81 |
| Selling And Marketing Expense | - | 4.98 | 4.72 | 5.24 | 5.98 |
| Amortization | - | 0.49 | 7.84 | 6.75 | 15.22 |
| Amortization Of Intangibles Income Statement | - | 0.49 | 7.84 | 6.75 | 15.22 |
| Occupancy And Equipment | - | 36.84 | 47.21 | 49.43 | 74.58 |
| Professional Expense And Contract Services Expense | - | 5.06 | 7.23 | 7.13 | 8.09 |
| Other Non Interest Expense | - | 13.26 | 18.38 | 17.35 | 25.16 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Beacon Financial Corporationthis co. | BBT | $2.4B | 26.55↑ premium | 0.96 | 3.6% | - |
| Trustmark Corporation | TRMK | $2.6B | 11.51 | 1.22 | 10.6% | - |
| Customers Bancorp, Inc. | CUBI | $2.5B | 11.31 | 1.20 | 10.6% | - |
| SiriusPoint Ltd. | SPNT | $2.5B | 5.38 | 1.09 | 20.2% | - |
| First Bancorp | FBNC | $2.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 22.27 |
| 1.49 |
| 6.7% |
| - |
| NBT Bancorp Inc. | NBTB | $2.4B | 14.27 | 1.27 | 8.9% | - |
| The Western Union Company | WU | $2.4B | 4.82 | 2.52 | 52.2% | 4.15 |
| The Bancorp, Inc. | TBBK | $2.2B | 9.77 | 3.23 | 33.1% | - |
| Banner Corporation | BANR | $2.2B | 11.23 | 1.13 | 10.0% | - |
| Peer Median | - | 11.27 | 1.24 | 10.6% | 4.15 | |