Beacon Financial Corporation · NYSE:BBT
Beacon Financial — Q3 2026 Earnings Presentation
22 slides from Beacon Financial's earnings presentation, Oct 22, 2026
Slide 1: 3Q 2026 Financial Results
October 22, 2026 3Q 2026 Financial Results 1
Slide 2: Forward Looking Statements
Forward Certain statements contained in this presentation that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Looking Securities Exchange Act of 1934, as amended, and are intended
Slide 3: Two decades of proven leadership
Two decades of proven leadership. Deep experience across Beacon’s businesses and operations 6 Commercial banking Built C&I, asset-based lending and SBA businesses. YEARS Hired many of our banking teams. 19 Retail banking Built private and digital banking. YEARS Improved branch efficiency. 15 Fee bus
Slide 4: Quarterly EPS, Dividend and Highlights
$0.73 $0.3225 $0.77 Quarterly GAAP EPS Quarterly Dividend Per Share Quarterly Operating EPS Highlights Fortress Balance Sheet / Asset Quality Board authorized additional $75 million in Loans to Deposits of 97%. stock buybacks bringing total plan to $125 million. NPAs to total assets of 0.75%. Total
Slide 5: Summary Income Statement
Summary Income Statement Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 3Q26 2Q26 Δ %Δ 3Q25 Δ %Δ Net income of $61.2 Net interest income $ 197.1 $ 193.2 $ 3.9 2% $ 128.9 $ 68.2 53% million or $0.73 per Noninterest income 26.0 26.0 0.0 0% 12.3 13.7 111% share. Total Revenue 223.1
Slide 6: Operating Earnings – GAAP versus non-GAAP
Operating Earnings – GAAP versus non-GAAP 3Q26 $m, except per share amts GAAP Non-Core Operating Operating earnings of $0.77 excludes Net interest income $ 197.1 $ - $ 197.1 restructuring related charges and net gain on Noninterest income 25.5 - 25.5 sale of three buildings. Gain/(Loss) - Other 0.5
Slide 7: Margin – Yields and Costs
Margin – Yields and Costs 3Q26 Prior Quarter LQΔ Purchase Accounting* $ millions Avg Bal Interest Yield Avg Bal Interest Yield Avg Bal Interest Yield Interest Yield Loans $ 17,715 $ 271.3 6.13% $ 17,807 $ 266.6 5.99% $ (92) $ 4.7 0.14% $ 10.7 0.24% Investments & earning cash 2,771 29.3 4.23% 2,707 2
Slide 8: Summary Balance Sheet
Summary Balance Sheet Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 3Q26 2Q26 Δ 3Q25 Δ %Δ On the balance sheet, total Gross Loans, investment $ 17,652 $ 17,822 $ (170) $ 18,305 $ (653) -4% assets decreased $375 million to $21.9 billion, Allowance for loan losses (233) (238) 5 (2
Slide 9: Loans and Deposits
Loans Loans and Deposits 22% Linked Quarter (LQ) $ millions 3Q26 2Q26 Δ 6% 55% CRE $ 9,710 $ 9,885 $ (175) Commercial 3,050 2,950 100 LOANS 17% Equipment Finance 1,001 1,031 (30) Consumer 3,891 3,956 (65) Total Loans $ 17,652 $ 17,822 $ (170) CRE C&I Equipment Consumer Demand deposits $ 3,888 $ 3,91
Slide 10: Capital Strength
$0.3225 4.6% 295% ICRE / Total RBC 16% Quarterly Dividend Per Share Current Dividend Yield** 44% payout based on 3Q’26 EPS ** Based on annual dividend of $1.29 and stock price of $27.99 (close 09/30/26) Construction / Total RBC Capital Strength Regulatory BASEL III Beacon Board Capital in Excess of
Slide 11: First Look: Our priorities for 2027 and beyond
First Look: Our priorities for 2027 and beyond A mid-teens ROTCE target, supported by scale and management controllable levers Balance sheet Increase C&I and owner-occupied CRE. Grow deposits and reduce wholesale funding. Fee revenue Grow fees from 11% of revenue to the mid-teens with a focus on cas
Slide 12: Appendix
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Slide 13: Non Performing Assets and Net Charge-Offs
Non Performing Assets and Net Charge-Offs Linked Quarter (LQ) Year over Year (YoY) 3Q26 2Q26 Δ 3Q25 Δ The increase in CRE non performing Non Performing Assets (NPAs), in millions loans was driven by two loans in the CRE $ 86.1 $ 77.1 $ 9.0 $ 33.7 $ 52.4 Office and Industrial segments. C&I 65.3 66.4
Slide 14: Major Loan Segments with Industry Breakdown
Major Loan Segments with Industry Breakdown 3Q26 $7,806 $3,695 $2,260 $3,891 Investment CRE 44% Commercial Core 21% Specialty Lending 13% Retail 22% Perm Constr Total % Naics Total % Vertical Total % Call Code Total % Multifamily $ 2,191 $ 223 $ 2,414 31% Food & Lodging $ 587 16% EF Core $ 921 41% R
Slide 15: Investment CRE Loan to Value (LTV)
Investment CRE Loan to Value (LTV) 3Q26 Non-Owner Occupied CRE and Multifamily Exposures at September 30, 2026 3% 8% 51% 38% 15
Slide 16: Investment CRE by Maturity
Investment CRE by Maturity 3Q26 Non-Owner Occupied CRE and Multifamily Exposures at September 30, 2026 50% 13% 14% 18% 5% 16
Slide 17: Office Portfolio, includes Construction
Office Portfolio, includes Construction 3Q26 Office Portfolio & Asset Quality Office Portfolio Metrics ● Office CRE portfolio totals ~$1.1B or 6.4% of Total Loans. ● Rural, 2026, 6% 9% Continue to manage the risk of the portfolio with NPLs of 2027, ~3.0% and NCOs of ~$1.1MM in 3Q26. Urban, 15% 26% M
Slide 18: Investment CRE Maturity and Repricing
Investment CRE Maturity and Repricing excludes Construction 3Q26 Rate Type Maturity / Repricing 4Q26- Fixed to 2027, Floating, 21% 19% Fixed, 33% 2030 & After, 44% Floating, 19% 2028, 19% Fixed via Swap, 29% 2029, 16% ● Majority of repricing risk is centered within the Fixed to Floating repricing sc
Slide 19: Securities Portfolio
Securities Portfolio 3Q26 Current Book Fair Unreal. Book $ in millions Duration Par Value Value G/L Yield U.S. Treasuries $ 480 $ 477 $ 455 $ (22) 3.08% 2.5 Agency Debentures 326 329 309 (20) 3.44% 3.2 Corp Bonds 21 20 20 0 6.90% 0.6 Agency MBS 365 332 305 (26) 3.88% 5.2 Municipals Agency CMO 791 71
Slide 20: Interest Rate Risk
Interest Rate Risk 3Q26 Loan Originations, $1.04 billion, 6.40% coupon Cumulative Net Interest Income Change by Quarter Fixed 9/30/2026 Flat Balance Sheet, simulations reflect a product weighted beta of ~60% on total interest bearing deposits. 24% Excludes impact of purchase accounting. 1.82% Float
Slide 21: Wealth Management Assets Under Management
Wealth Management Assets Under Management $3,413 $3,406 $3,352 $3,347 $3,338 $ in Millions 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Linked Quarter (LQ) $ thousands 3Q26 2Q26 Δ %Δ Asset based revenue $ 4,285 $ 4,177 $ 108 3% Other revenue: Insurance commission revenue 434 416 18 4% Total reported reve
Slide 22: NYSE: BBT
BeaconFinancial Corporation NYSE: BBT