Beacon Financial Corporation · NYSE:BBT
Beacon Financial — Q4 2025 Earnings Presentation
22 slides from Beacon Financial's earnings presentation, Jan 29, 2026
Slide 1: 4Q 2025 Financial Results
January 29, 2026 4Q 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 and GAAP EPS highlights
$0.79 (1) $0.3225 $0.64 Quarterly Operating EPS Quarterly Dividend Per Share Quarterly GAAP EPS Total assets of $23.2 billion. Improved Operating Performance excluding full cost savings. Customer deposits increased $261 million. 4Q ROA of 1.13% and ROTE of 13.43%(1). Brokered deposits declined $496
Slide 4: Summary Income Statement
Summary Income Statement Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 4Q25 3Q25 Δ %Δ 4Q24 Δ %Δ 4Q25 and 3Q25 reflect the Net interest income $ 199.7 $ 128.9 $ 70.8 55% $ 85.0 $ 114.7 135% early adoption of ASU Noninterest income 25.9 12.3 13.6 111% 6.6 19.3 292% 2025-08 which e
Slide 5: Operating Earnings – GAAP versus non-GAAP
Operating Earnings – GAAP versus non-GAAP 4Q25 $m, except per share amts GAAP Non-Core Operating Q4 Operating Earnings of $0.79 excluding Net interest income $ 199.7 $ - $ 199.7 merger charges. Noninterest income 25.9 - 25.9 The full year tax rate of 25.9% was used to Security gains (losses) - - - c
Slide 6: Margin – Yields and Costs
Margin – Yields and Costs 4Q25 Prior Quarter LQΔ Purchase Accounting* $ millions Avg Bal Interest Yield Avg Bal Interest Yield Avg Bal Interest Yield Interest Yield Loans $ 18,205 $ 286.9 6.30% $ 12,547 $ 195.2 6.22% $ 5,658 $ 91.7 0.08% $ 12.4 0.27% Investments & earning cash 2,727 27.4 4.03% 1,687
Slide 7: Summary Balance Sheet
Summary Balance Sheet Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 4Q25 3Q25 Δ 4Q24 Δ %Δ Asset growth since the Gross Loans, investment $ 18,030 $ 18,305 $ (275) $ 9,779 $ 8,251 84% merger due to higher cash and equivalents driven by Allowance for loan losses (253) (254) 1 (125
Slide 8: Loans and Deposits
Loans Loans and Deposits 23% Linked Quarter (LQ) $ millions 4Q25 3Q25 Δ 6% CRE $ 10,012 $10,247 $ (235) 56% Commercial 2,785 2,747 38 LOANS 15% Equipment Finance 1,163 1,204 (41) Consumer 4,070 4,107 (37) Total Loans $ 18,030 $18,305 $ (275) CRE C&I Equipment Consumer Demand deposits $ 4,032 $ 3,905
Slide 9: Capital Strength
$0.3225 4.55% 333% ICRE / Total RBC 25% Quarterly Dividend Per Share Current Dividend Yield** 41% payout based on 4Q’26 ** Based on annual dividend of Operating EPS $1.29 and stock price of $28.375 (close 01/27/26) Construction / Total RBC Capital Strength Regulatory BASEL III Beacon Board Capital i
Slide 10: Outlook
FORWARD LOOKING Outlook Loans Mid to lower single digit loan growth. Strong C&I lending, lower ICRE growth Our current Base Case rate and runoff of selected equipment finance portfolios. does not factor potential The net interest margin is expected to expand (3.85 – 3.95) as rates decline rate cuts
Slide 11: APPENDIX NYSE: BBT
Ru@nd e e e@ saratoga Springs e e Brattleboro fun : Oneonta e e Fase e Kingston e e GMFogs Poughkeepsie A e e Waterbury Newburgh Middletown Danbury New Haven e Bridgeport Long Istand Sound O° stamford Plains Parsippany, HicksvilleBrentwood NewYork Levittown Elizabeth sanford Rochester Concord opts P
Slide 12: Adoption of ASU 2025-08
Adoption of ASU 2025-08 Previous The Financial Accounting Aspect Approach New Rule Impact Benefit Standards Board (FASB) officially released its final rule on Nov. 16, CECL Day 1 Included for Non- Improved equity, Eliminated 2025 eliminating the Current Provision Exp PCD loans reduced accretion Expe
Slide 13: Non Performing Assets and Net Charge Offs
Non Performing Assets and Net Charge Offs Linked Quarter (LQ) Year over Year (YoY) 4Q25 3Q25 Δ 4Q24 Δ Non Performing Assets (NPAs), in millions CRE $ 45.3 $ 33.7 $ 11.6 $ 18.1 $ 27.2 Non-accrual loans increased by C&I 59.4 55.8 3.6 46.2 13.2 $15.5MM, largely driven by a $9MM Consumer 9.4 9.1 0.3 5.0
Slide 14: Major Loan Segments with Industry Breakdown
Major Loan Segments with Industry Breakdown 4Q25 $7,989 $3,597 $2,374 $4,070 Investment CRE 44% Commercial Core 20% Specialty Lending 13% Retail 23% Perm Constr Total % Naics Total % Vertical Total % Call Code Total % MultiFamily $ 2,157 $ 293 $ 2,450 31% RE Agent / Broker $ 493 14% ABL $ 774 33% Re
Slide 15: Investment CRE Loan to Value (LTV)
Investment CRE Loan to Value (LTV) 4Q25 Non Owner Occupied CRE and Multifamily Exposures at December 31, 2025. 2% 6% 53% 39% 15
Slide 16: Investment CRE by Vintage
Investment CRE by Vintage 4Q25 Non Owner Occupied CRE and Multifamily Exposures at December 31, 2025. 44% 11% 16% 13% 16% 16
Slide 17: Office Portfolio, excludes Construction
Office Portfolio, excludes Construction 4Q25 Office Portfolio Metrics Office Portfolio & Asset Quality ● Office CRE portfolio totals ~$1.2B or 6.5% of Total Loans. ● Continue to manage the risk of the portfolio with NPLs of Rural, ~2.8% and NCOs of ~$4.6MM in 4Q25, which was fully 10% 2026, 27% rese
Slide 18: Investment CRE Maturity and Repricing
Investment CRE Maturity and Repricing excludes Construction 4Q25 Rate Type Maturity / Repricing 2026, Fixed to Fixed, 20% Floating, 32% 22% 2029 & After, 43% 2027, 19% Floating, 21% Fixed via Swap, 26% 2028, 18% ● Majority of repricing risk is centered within the Fixed to Floating repricing schedule
Slide 19: Consumer Loans LTV / FICO
Consumer Loans LTV / FICO 80%+ 1% 4Q25 80%+ 10% 50% or less 70%-80% 24% 24% Resid. 1-4 Home Equity 50% or less 70%-80% 31% 60% LTV 48% LTV 54% 50%-69% 21% 50%-69% 35% 599- 1% N/A N/A 9% 5% 650-699 650-699 6% 11% Resid. 1-4 Home Equity FICO FICO 700+ 81% 700+ 82% 19
Slide 20: Securities Portfolio
Securities Portfolio 4Q25 Current Book Fair Unreal. Book $ in millions Duration Par Value Value G/L Yield U.S. Treasuries $ 415 $ 415 $ 402 $ (13) 2.77% 2.1 Agency Debentures 182 185 174 (11) 2.51% 2.9 Corp Bonds 41 39 40 1 6.38% 0.7 Agency MBS 376 340 331 (9) 3.80% 5.4 Municipals Agency CMO 593 505
Slide 21: Interest Rate Risk
Interest Rate Risk 4Q25 Loan Originations, $1.01 billion, 6.31% coupon Cumulative Net Interest Income Change by Quarter 12/31/2025 Flat Balance Sheet, simulations reflect a product Fixed weighted down beta of ~58% on total interest bearing deposits. 29% Excludes impact of purchase accounting. 3.53%
Slide 22: NYSE: BBT Beacon Financial Corporation
Beacon Financial Corporation NYSE: BBT