Beacon Financial Corp

Beacon Financial Corp maintains a strong liquidity position with a cash and equivalents balance of $2.04 billion, representing 8.8% of total assets, and a free cash flow of $212.16 million in FY2025. The company's price-to-book ratio of 1.27 and price-to-tangible-book ratio of 1.27 suggest a moderate premium to book value, while the debt-to-equity ratio of 0.14 indicates a conservative capital structure. Profitability metrics show a return on equity (ROE) of 3.62% and a return on assets (ROA) of 0.39%, both below the industry median for regional banks. The company's net interest margin and efficiency ratio are not disclosed, but the low ROA suggests limited asset productivity relative to peers. The company's revenue is concentrated in New England and New York, with 145 branches across these regions. Core deposits, which include demand checking, NOW, non-payroll money market, and savings accounts, increased 112.6% to $13.1 billion as of December 31, 2025, indicating strong regional deposit growth. Outlook for FY2026 shows a projected revenue increase of 12.3% year-over-year, driven by continued deposit growth and loan origination in commercial and residential real estate. The company's capital expenditure is expected to remain stable at around $12.29 million, with no significant changes in operating cash flow. The risk assessment highlights high dilution potential, with a diluted share count of 87.7 million, 4.3% higher than the basic share count of 84.1 million. The risk assessment also notes that forward-looking statements include uncertainties related to economic conditions, credit losses, and regulatory changes. Recent filings include unaudited consolidated financial statements for September 30, 2025, showing a significant increase in cash and cash equivalents to $1.22 billion from $543.67 million at the end of 2024. The company also reported a 112.6% increase in core deposits to $13.1 billion.