Beacon Financial net income jumps 192.5% to $64.4M, but deposits and liquidity fall sharply

Filed August 7, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Net income rose 192.5% to $64.4 million, or $0.77 per share, driven by a $104.5 million increase in net interest income and a 49 basis point expansion in net interest margin to 3.81%.

  MD&A: Financial Results verify on EDGAR →
• high

  Total deposits fell $1.0 billion, or 10.5% annualized, to $18.5 billion, with payroll deposits down $666.6 million and brokered deposits down $179.0 million.

  MD&A: Balance Sheet verify on EDGAR →
• high

  On-balance sheet liquidity dropped 40.4% annualized to $3.0 billion from $3.7 billion, reducing liquidity from 16.1% to 13.4% of total assets.

  MD&A: Liquidity verify on EDGAR →