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EarningsQ2 2026 Earnings Report
BBT Q2 2026 EPS Results
Actual EPS$0.77
Consensus EPS$0.77
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.69
BBT Q2 2026 Revenue Results
Actual Revenue$318.23M
Expected Revenue$221.13M
Beat/MissBeat by +$97.10M
YoY Revenue Growth+83.94%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
BBT Upcoming Earnings
Beacon Financial Corporation's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
BBT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a decidedly constructive operational and financial picture: marked improvement in profitability, margin expansion, resumed deposit growth, realized merger synergies and strengthened capital metrics. These positives were balanced against ongoing, localized credit issues (concentrated charge-offs and modest increases in NPAs), uneven loan balances this quarter, and a competitive/uncertain macro backdrop. Management emphasized expense discipline, strong loan pipelines, and adequate reserves to cover identified problem credits.Company Guidance
Quarterly GAAP Earnings and EPS Growth
GAAP earnings of $64.4M in Q2 vs $46.2M in Q1 (+~39%), EPS $0.77 vs $0.55 in prior quarter (+40%), driven by higher net interest income, higher fee income, lower provisioning and absence of merger-related expenses.
Profitability Metrics Improved Meaningfully
Return on average assets rose to 1.17% from 0.84% (+33 basis points) and return on tangible common equity increased to 12.84% from 9.3% (+3.54 percentage points), reflecting stronger earnings power as integration disruptions subside.
Net Interest Income and Margin Expansion
Net interest income increased $2.4M to $193.2M and net interest margin expanded 3 basis points to 3.81%, helped by higher yields on earning assets and lower funding costs.
Deposit Growth and Reduced Wholesale Funding
Total deposits rose $194M in the quarter (customer deposits +$93M; broker deposits +$103M), while borrowed funds fell $184M, enabling lower reliance on wholesale funding; interest-bearing deposit costs declined 8 bps to 249 bps.
Noninterest Income and Expense Discipline
Noninterest income increased to $26M (+$2M or +9% QoQ) driven by loan sale gains, derivative income and wealth fees; noninterest expense declined $13.6M QoQ (absence of ~$13M prior-quarter merger costs). Core operating expenses were $118.9M (better than the $119.8M target) and core efficiency ratio improved to ~54.26%.
Capital Strength and Shareholder Returns
Tangible common equity rose to 9.25% from 9.07% and tangible book value increased $0.50 to $23.98 per share. Board approved quarterly dividend of $0.3225/share (~4.2% yield); $50M repurchase authorization remains available.
Strong New Loan Originations and Loan Yield on New Production
Originations totaled over $850M in the quarter with a weighted-average coupon of 631 basis points (6.31%), helping lift portfolio yield to 5.99% (+3 bps quarter-over-quarter).
Healthy Commercial Pipeline and Positive Outlook
Commercial pipeline reported at approximately $1.3B (or ~$1.9B including near-approval deals). Management expects modest loan growth in Q3 with acceleration into Q4 and remains optimistic on production as integration is complete.
BBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed