Beacon Financial Q2 net income +192.5% to $64.4M on post-merger scale, margin expansion

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

• high

  Net income surged 192.5% to $64.4M ($0.77 diluted EPS) in Q2 2026 vs. $22.0M ($0.25) in Q2 2025, driven by the Sept 2025 merger with Brookline Bancorp that doubled the asset base to $22.3B and expanded net interest margin 49bp to 3.81%.

  MD&A: Net Income & Merger Impact verify on EDGAR →
• high

  Net interest margin expanded 49bp to 3.81% in Q2 2026 from 3.32% in Q2 2025, as funding costs fell 54bp to 2.63% while asset yields held steady at 5.76%, reflecting deposit repricing following Federal Reserve rate cuts.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  Asset quality deteriorated: nonperforming assets rose to $155.2M (0.70% of assets) from $116.7M (0.50%) at year-end 2025, and Q2 net charge-offs of $14.3M (0.32% annualized) more than doubled from $5.1M (0.21%) in Q2 2025.

  MD&A: Asset Quality verify on EDGAR →