Beacon Financial Corporation · NYSE:BBT
Beacon Financial — Q3 2025 Earnings Presentation
22 slides from Beacon Financial's earnings presentation, Oct 30, 2025
Slide 1: 3Q 2025 Financial Results
October 30, 2025 3Q 2025 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: Quarterly Operating EPS, Dividend Per Share and GAAP EPS
$0.44 (1) $0.3225 ($0.64) Quarterly Operating EPS Quarterly Dividend Per Share Quarterly GAAP EPS Successfully closed the merger of equals Improved Operating Performance excluding full (the “Merger”) of Brookline and Berkshire. cost savings. Q3 ROA of 1.05% and ROTE of 12.07%(1). Total assets of $22
Slide 4: Summary Income Statement
Summary Income Statement Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 3Q25 2Q25 Δ %Δ 3Q24 Δ %Δ 3Q’25 represents 2 months Net interest income $ 132.6 $ 88.7 $ 43.9 49% $ 83.0 $ 49.6 60% of BRKL stand alone and 1 Noninterest income 12.3 6.0 6.3 105% 6.3 6.0 95% month of BBT combi
Slide 5: Operating Earnings – GAAP versus non-GAAP
Operating Earnings – GAAP versus non-GAAP 3Q25 Month of September $m, except per share amts GAAP Non-Core Operating GAAP Non-Core Operating Q3 Operating Earnings of $0.44 Net interest income $ 132.6 $ - $ 132.6 $ 71.7 $ - $ 71.7 excluding merger charges and Noninterest income 12.3 - 12.3 8.5 - 8.5 D
Slide 6: Margin – Yields and Costs
Margin – Yields and Costs 3Q25 Prior Quarter LQΔ Purchase Accounting* $ millions Avg Bal Interest Yield Avg Bal Interest Yield Avg Bal Interest Yield Interest Yield Loans $ 12,547 $ 199.0 6.34% $ 9,616 $ 144.4 6.01% $ 2,931 $ 54.6 0.33% $ 9.0 0.29% Investments & earning cash 1,687 18.2 4.31% 1,156 1
Slide 7: Summary Balance Sheet
Summary Balance Sheet Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 3Q25 2Q25 Δ 3Q24 Δ %Δ The close of the Merger Gross Loans, investment $ 18,242 $ 9,582 $ 8,660 $ 9,755 $ 8,487 87% drove growth in the quarter. Allowance for loan losses (254) (127) (127) (127) (127) 100% Histor
Slide 8: Fair Value of Assets Acquired
Fair Value of Assets Acquired $ millions 09/01/2025 Selected Fair Value Marks / Purchase Accounting Cash and due from banks 105.4 Estimated at Announcement At Closing Short term investments 978.7 $ in millions, except per share amounts 12/16/2024 09/01/2025 Investments, AFS 1,102.5 Interest Rate $ (
Slide 9: Loans and Deposits
Loans Loans and Deposits 22% Linked Quarter (LQ) Quarter Change Breakdown $ millions 3Q25 2Q25 Δ Day 1 Purch Acct* Growth 7% 56% CRE $ 10,213 $ 5,486 $ 4,727 $ 4,934 $ (60) $ (147) Commercial 2,731 1,303 1,428 1,474 (27) (19) 15% LOANS Equipment Finance 1,204 1,217 (13) 25 (0) (38) Consumer 4,094 1,
Slide 10: Capital Strength
$0.3225 5.40% 355% ICRE / Total RBC 33% Quarterly Dividend Per Share* Current Dividend Yield** * Estimated 35% payout based on ** Based on annual dividend of 2Q’26 Consensus EPS $1.29 and current stock price of $23.91 (10/28/25) Construction / Total RBC Capital Strength Regulatory BASEL III Beacon B
Slide 11: Outlook
FORWARD LOOKING Outlook The FRB reduced the Fed Mid to lower single digit loan growth. Strong C&I lending, lower ICRE growth Loans rate and runoff of Specialty Vehicle and Fitness Equipment portfolios. Funds rate 25 bps in Sept. and is expected to reduce The net interest margin is expected to expand
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) 3Q25 2Q25 Δ 3Q24 Δ NPL's were $36.4 million higher Non Performing Assets (NPAs), in millions than 2Q, largely driven by the Merger, plus one Boston office CRE $ 33.7 $ 2.4 $ 31.3 $ 13.3 $ 20.4 loan. C&I 55.8 54.8 1.0
Slide 14: Major Loan Segments with Industry Breakdown
Major Loan Segments with Industry Breakdown 3Q25 $8,220 $3,562 $2,362 $4,098 Investment CRE 45% Commercial Core 20% Specialty Lending 13% Retail 22% Perm Constr Total % Naics Total % Segment Total % Call Code Total % MultiFamily $ 2,129 $ 325 $ 2,454 30% Wholesale Trade $ 490 14% ABL $ 740 31% Resi
Slide 15: Investment CRE Loan to Value (LTV)
Investment CRE Loan to Value (LTV) 3Q25 Non Owner Occupied CRE and Multifamily Exposures at Sept 30, 2025. 2% 7% 53% 37% Total 15
Slide 16: Investment CRE by Vintage
Investment CRE by Vintage 3Q25 Non Owner Occupied CRE and Multifamily Exposures at Sept 30, 2025. 53% 13% 15% 13% 6% Total 16
Slide 17: Office Portfolio
Office Portfolio, excludes Construction 3Q25 Office Portfolio Metrics Office Portfolio & Asset Quality ● Office CRE portfolio totals ~$1.02B or 5.6% of Total Loans. Rural, 2025, ● Continue to manage the risk of the portfolio with NPLs 11% 6% of ~2.2% and no NCOs in Q3 2025. 2026, ● No meaningful exp
Slide 18: Investment CRE Maturity and Repricing
Investment CRE Maturity and Repricing, excludes Construction 3Q25 Rate Type Maturity / Repricing 2025, Fixed to 7% Floating, 2026, 15% Fixed, 13% 34% 2029 & Floating, After, 2027, 27% 47% 16% Fixed via Swap, 2028, 24% 17% ● Majority of repricing risk is centered within the Fixed to Floating repricin
Slide 19: Consumer Loans LTV / FICO
Consumer Loans LTV / FICO 3Q25 80%+ 80%+ 4% 1% 70%-80% 50% or 26% less 24% 70%-80% 34% Resid. 1-4 Home Equity 58% LTV 56% LTV 50% or less 48% 50%-69% 50%-69% 599- 38% 25% 1% N/A N/A 650-699 3% 7% 6% 650-699 6% Resid. 1-4 Home Equity FICO FICO 700+ 84% 700+ 89% 19
Slide 20: Securities Portfolio
Securities Portfolio 3Q25 Current Book Fair Unreal. Book $ in millions Duration Par Value Value G/L Yield U.S. Treasuries $470 $469 $455 $ (14) 2.80% 2.1 Agency Debentures 185 189 176 (13) 2.55% 3.1 Corp Bonds 45 43 43 0 6.77% 0.8 Agency MBS 386 350 338 (12) 4.11% 5.1 Municipals Agency CMO 582 491 4
Slide 21: Interest Rate Risk
Interest Rate Risk 3Q25 Loan Originations, $576 million, 6.99% coupon Cumulative Net Interest Income Change by Quarter 09/30/2025 Flat Balance Sheet, simulations reflect a product weighted Fixed Float down beta of ~57% on total interest bearing deposits. Excludes impact 22% (<3m) of purchase account
Slide 22: Beacon Financial Corporation NYSE: BBT
Beacon Financial Corporation NYSE: BBT