Beacon Financial Corporation · NYSE:BBT
Beacon Financial — Q1 2026 Earnings Presentation
21 slides from Beacon Financial's earnings presentation, Apr 30, 2026
Slide 1: 1Q 2026 Financial Results
April 29, 2026 1Q 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: Quarterly Operating EPS, Dividend and GAAP EPS highlights
$0.70 (1) $0.3225 $0.55 Quarterly Operating EPS Quarterly Dividend Per Share Quarterly GAAP EPS Total assets of $22.2 billion. Improved Operating Performance excluding full cost savings. Margin of 3.78%. 1Q ROA of 1.01% and ROTE of 11.24%(1). 1Q includes pretax, one-time costs of $13.0 million assoc
Slide 4: Summary Income Statement
Summary Income Statement Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 1Q26 4Q25 Δ %Δ 1Q25 Δ %Δ Net Income of $46.2 Net interest income $ 190.8 $ 199.7 $ (8.9) -4% $ 85.8 $ 105.0 122% million or $0.55 per share. Noninterest income 23.9 25.9 (2.0) -8% 5.7 18.2 320% Net interest i
Slide 5: Operating Earnings – GAAP versus non-GAAP
Operating Earnings – GAAP versus non-GAAP 1Q26 $m, except per share amts GAAP Non-Core Operating 1Q Operating Earnings of $0.70 excludes Net interest income $ 190.8 $ - $ 190.8 merger charges. Noninterest income 23.9 - 23.9 Tax rate utilized was 26.1%, consistent with Security gains (losses) - - - r
Slide 6: Margin – Yields and Costs
Margin – Yields and Costs 1Q26 Prior Quarter LQΔ Purchase Accounting* $ millions Avg Bal Interest Yield Avg Bal Interest Yield Avg Bal Interest Yield Interest Yield Loans $ 17,975 $ 267.9 5.96% $ 18,205 $ 286.9 6.30% $ (230) $ (19.0) -0.34% $ 9.3 0.21% Investments & earning cash 2,648 26.1 3.94% 2,7
Slide 7: Summary Balance Sheet
Summary Balance Sheet Linked Quarter (LQ) Year over Year (YoY) $m, except per share amts 1Q26 4Q25 Δ 1Q25 Δ %Δ Total assets declined $992 Gross Loans, investment $ 17,924 $ 18,030 $ (106) $ 9,643 $ 8,281 86% million driven by lower loan balances and point-in-time Allowance for loan losses (244) (253
Slide 8: Loans and Deposits
Loans Loans and Deposits 22% Linked Quarter (LQ) $ millions 1Q26 4Q25 Δ 6% 56% CRE $ 9,957 $10,012 $ (55) Commercial 2,938 2,785 153 LOANS 16% Equipment Finance 1,074 1,163 (89) Consumer 3,955 4,070 (115) Total Loans $ 17,924 $18,030 $ (106) CRE C&I Equipment Consumer Demand deposits $ 3,861 $ 4,032
Slide 9: Capital Strength
$0.3225 4.3% 327% ICRE / Total RBC 26% Quarterly Dividend Per Share Current Dividend Yield** 46% payout based on 1Q’26 ** Based on annual dividend of Operating EPS $1.29 and stock price of $30.00 (close 03/31/26) Construction / Total RBC Capital Strength Regulatory BASEL III Beacon Board Capital in
Slide 10: Outlook
FORWARD LOOKING Outlook Expect loan growth to be in the low single digits for the remainder of the year Our current Base Case does Loans driven by strong C&I lending. Dependent on economic activity. not factor potential rate cuts The net interest margin is expected to stabilize in the range of 3.80%
Slide 11: Appendix
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Slide 12: Non Performing Assets and Net Charge Offs
Non Performing Assets and Net Charge Offs Linked Quarter (LQ) Year over Year (YoY) 1Q26 4Q25 Δ 1Q25 Δ Non-accrual loans increased by Non Performing Assets (NPAs), in millions $34.5MM, largely driven by two CRE $ 78.1 $ 45.3 $ 32.8 $ 17.4 $ 60.7 larger CRE credits - an $18MM office C&I 61.3 59.4 1.9
Slide 13: Major Loan Segments with Industry Breakdown
Major Loan Segments with Industry Breakdown 1Q26 $7,937 $3,720 $2,312 $3,955 Investment CRE 44% Commercial Core 21% Specialty Lending 13% Retail 22% Perm Constr Total % NAICS Total % Vertical Total % Call Code Total % MultiFamily $ 2,147 $ 293 $ 2,440 31% Food & Lodging $ 513 14% ABL $ 782 34% Resi
Slide 14: Investment CRE Loan to Value (LTV)
Investment CRE Loan to Value (LTV) 1Q26 Non-Owner Occupied CRE and Multifamily Exposures at March 31, 2026 3% 7% 51% 39% 14
Slide 15: Investment CRE by Maturity
Investment CRE by Maturity 1Q26 Non-Owner Occupied CRE and Multifamily Exposures at March 31, 2026 46% 11% 13% 17% 13% 15
Slide 16: Office Portfolio, includes Construction
Office Portfolio, includes Construction 1Q26 Office Portfolio & Asset Quality Office Portfolio Metrics ● Office CRE portfolio totals ~$1.2B or 6.5% of Total Loans. Rural, 8% 2026, ● Continue to manage the risk of the portfolio with NPLs of 24% ~3.7% and NCOs of ~$6.9MM in 1Q26, which was fully Urban
Slide 17: Investment CRE Maturity and Repricing
Investment CRE Maturity and Repricing excludes Construction 1Q26 Rate Type Maturity / Repricing 2026, Fixed to 11% Fixed, Floating, 32% 22% 2027, 2029 & 18% After, 50% Floating, 21% Fixed via 2028, Swap, 25% 21% ● Majority of repricing risk is centered within the Fixed to Floating repricing schedule
Slide 18: Securities Portfolio
Securities Portfolio 1Q26 Current Book Fair Unreal. Book $ in millions Duration Par Value Value G/L Yield U.S. Treasuries $ 420 $ 419 $ 405 $ (14) 2.81% 2.2 Agency Debentures 189 193 180 (12) 2.60% 3.0 Corp Bonds 37 35 36 1 6.03% 0.7 Agency MBS 366 332 322 (10) 3.78% 5.3 Municipals Agency CMO 642 55
Slide 19: Interest Rate Risk
Interest Rate Risk 1Q26 Loan Originations, $734 million, 6.28% coupon Cumulative Net Interest Income Change by Quarter Fixed 3/31/2026 Flat Balance Sheet, simulations reflect a product weighted down beta of ~55% on total interest bearing deposits. 21% Excludes impact of purchase accounting. 3.44% Ad
Slide 20: Wealth Management Assets Under Management
Wealth Management Assets Under Management $ in Millions $3,352 $3,347 $3,338 3Q 2025 4Q 2025 1Q 2026 Linked Quarter (LQ) $ thousands 1Q26 4Q25 Δ %Δ Asset based revenue $ 4,061 $ 3,928 $ 133 3% Other revenue: Insurance commission revenue 344 443 (99) -22% Total reported revenue $ 4,405 $ 4,371 34 1%
Slide 21: Beacon Financial Corporation
Beacon Financial Corporation NYSE: BBT