Beacon Financial Corporation Announces Debut of Beacon Bank [Accessibility Statement] Skip NavigationOne of 100 largest banks in the United StatesBOSTON, Feb. 23, 2026 /PRNewswire/ -- [Beacon Financial Corporation](NYSE: BBT) (the "Company") today announced the successful combination of four storied financial institutions under one new brand, [Beacon Bank](the "Bank"), one of the 100 largest banks in the United States.Continue ReadingBeacon Bank has more than 145 branches and commercial centers across New E ...

Core Insights - Beach Cities Commercial Bank reported its financial results for the fourth quarter of 2025, highlighting robust growth and a focus on sustainable profitability [1] Financial Performance - The bank's net loss for Q4 2025 was $117.6k, a decrease from a profit of $14.5k in Q3 2025, but adjusted net income was $22.4k when excluding credit provisions [1] - Year-to-date loss for 2025 was $605.7k, significantly reduced by 87% from a loss of $4.5 million in 2024 [1] - Total deposits reached $143.5 million, marking a 9% increase from Q3 2025 and a 27% increase year-over-year [1] - Gross loans amounted to $144.1 million, reflecting a 12% growth from Q3 2025 and a 36% increase from the previous year [1] - Total assets grew to $176.7 million, a 13% increase from Q3 2025 and a 35% increase year-over-year [1] Asset Quality and Liquidity - The bank maintained a reserve for credit losses of $1.412 million, equating to 0.98% of total loans, with no delinquent or non-performing assets reported [1] - Total liquidity was high at $28.3 million, representing 16.02% of total assets, with additional contingent borrowing sources of $18.7 million [1] Interest Income and Expenses - Total interest income for Q4 2025 was $2.87 million, a 2.2% increase from Q3 2025, while interest expense decreased by 6.1% to $1.17 million [1] - The bank's net interest margin stood at 3.82% as of December 31, 2025, supported by an average loan yield of 7.69% [1] Operational Efficiency - Total operating expenses for Q4 2025 were $1.62 million, a 4.8% increase from Q3 2025, with a decrease in salaries and benefits expenses [1] - The bank's non-interest income from loan sales increased by 277% year-over-year, although gains from loan sales in Q4 2025 were lower than in Q3 2025 due to external factors [1] Future Outlook - The bank plans to raise up to $5 million through a private placement offering to support its growth momentum [1] - The appointment of a new President/CEO is expected to further enhance the bank's strategic direction and operational capabilities [1]

Core Insights - SB Financial Group reported strong financial performance for the fourth quarter and full year of 2025, with significant increases in net interest income, earnings per share, and tangible book value per share, despite challenges in the mortgage sector [4][7][2] Financial Performance - Net interest income for Q4 was $12.7 million, a nearly 17% increase from $10.9 million in Q4 2024, and a 3.1% increase from the prior quarter [1][6] - Full-year net interest income rose to $48.4 million, up $8.5 million or 21% year-over-year, attributed to a larger balance sheet and wider margins [1] - GAAP EPS for the full year was $2.19, a 27% increase from $1.72 in 2024, marking the second-highest earnings performance in 20 years [2] - Q4 net income was $3.9 million, with diluted EPS of $0.63, reflecting a 15% increase from the prior-year quarter [3][7] Balance Sheet and Growth - Loans grew by $70 million in Q4, marking seven consecutive quarters of growth, with a loan-to-deposit ratio of 90.3% [5][10] - Total deposits increased by $45 million in Q4 (14% annualized) and nearly $155 million year-over-year (13%) [11] - Contingent liquidity was strong at over $550 million, with the company holding about $50 million in excess liquidity [13] Asset Quality - Non-performing loans improved to 0.39% of total loans, with the allowance for credit losses providing 352% coverage of non-performing assets [18] - Total delinquencies increased slightly to 49 basis points, while total delinquent loans decreased by $1.6 million from the prior year [18] Operational Highlights - Total operating revenue in Q4 rose to $16.4 million, up 6.3% year-over-year, primarily driven by net interest income [8] - Mortgage originations in Q4 were $72.4 million, with a full-year volume of $278 million, reflecting an 8% increase from the prior year [14] - Non-interest income for Q4 was $3.7 million, down 18.6% from the prior-year quarter, attributed to a negative contribution from other non-interest income [14] Capital Management - The company repurchased nearly 32,000 shares in Q4 at an average price just under $21, and over 283,000 shares for the full year [17] - A dividend of $0.155 per share was announced, marking the 13th consecutive year of increasing the annual dividend payout [17] Future Outlook - Management emphasized a focus on deposits, disciplined lending, and cross-selling opportunities, with a healthy loan pipeline and expansion efforts in various markets [19]

Group 1 - Beacon Financial Corporation will hold its 2026 Annual Meeting virtually on May 13, 2026, at 11:00 a.m. Eastern Standard Time [1] - Stockholders of record as of March 20, 2026, are entitled to vote at the Annual Meeting [1] Group 2 - Beacon Financial Corporation is the holding company for Beacon Bank, created on September 1, 2025, through a merger of Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. [2] - The company is headquartered in Boston and has $23.2 billion in assets with over 145 branches in New England and New York [2] - Beacon Bank offers a full suite of banking solutions including commercial, cash management, asset-based lending, retail, consumer, and residential products and services [2] - The bank operates through divisions such as Berkshire Bank, Brookline Bank, BankRI, and PCSB Bank, and provides equipment financing, SBA lending, and private wealth services [2]

Core Insights - Mechanics Bancorp reported strong financial results for Q4 and the full year 2025, significantly influenced by the merger with HomeStreet Bank, which was completed on September 2, 2025 [1][4][10] Financial Performance - Q4 2025 net income was $124.3 million, or $0.54 per diluted share, compared to $55.2 million, or $0.25 per diluted share in Q3 2025 [1][8] - Full year 2025 net income reached $265.7 million, or $1.22 per diluted share, a substantial increase from $29.0 million, or $0.14 per diluted share in 2024 [1][8] - Total interest income for Q4 2025 was $255.1 million, up from $204.9 million in Q3 2025, while total interest expense increased to $73.7 million from $59.2 million [6][9] Balance Sheet Highlights - Total assets were $22.4 billion as of December 31, 2025, compared to $22.7 billion at September 30, 2025, and $16.5 billion at December 31, 2024 [7][20] - Total loans amounted to $14.2 billion, with a loans-to-deposits ratio of 75% [7][22] - Total deposits were $19.0 billion, down from $19.5 billion at the end of Q3 2025 [7][23] Capital and Liquidity - The company reported strong capital ratios, including a 16.28% total risk-based capital ratio and a 14.07% CET1 capital ratio as of December 31, 2025 [7][28] - Total shareholders' equity increased to $2.9 billion, with book value per share rising to $12.93 [26][27] Credit Quality - The allowance for credit losses on loans was $153.3 million, or 1.08% of total loans, down from 1.16% at the end of Q3 2025 [34][32] - Total delinquent loans were $93.1 million, representing 0.66% of total loans held for investment [31][32] Noninterest Income and Expenses - Noninterest income for Q4 2025 was $78.5 million, a decrease from $109.8 million in Q3 2025, primarily due to a lower bargain purchase gain from the HomeStreet merger [8][13] - Noninterest expense decreased to $129.5 million in Q4 2025 from $163.3 million in Q3 2025, largely due to reduced acquisition and integration costs [8][15]

Core Insights - Beacon Financial Corporation reported a net income of $53.4 million for Q4 2025, translating to an earnings per share (EPS) of $0.64 [2][3] - For the full year 2025, the company achieved a net income of $90.3 million, or $1.03 per share, with operating earnings after tax (non-GAAP) amounting to $142.3 million, or $1.63 per basic share [3][4] Financial Performance - The net interest income for Q4 2025 increased by $70.9 million to $199.7 million compared to $128.9 million in Q3 2025, with a net interest margin of 3.82% [12][13] - Total non-interest income rose by $13.6 million to $25.9 million in Q4 2025, reflecting three months of combined results from the merger [14] - The provision for credit losses was recorded at $8.1 million for Q4 2025, a decrease from $20.3 million in Q3 2025, indicating improved credit performance [15][16] Balance Sheet Highlights - Total assets increased by $352.9 million to $23.2 billion as of December 31, 2025, primarily due to assets acquired in the merger [6] - Total loans and leases decreased by $275.8 million from Q3 2025 to $18.0 billion, while increasing by $8.3 billion from December 31, 2024, due to the merger [7] - Total deposits rose by $610.6 million to $19.5 billion from Q3 2025, with a significant increase attributed to payroll deposits [9] Asset Quality - The ratio of nonperforming loans and leases to total loans and leases was 0.63% as of December 31, 2025, up from 0.54% in Q3 2025 [18] - Total nonperforming assets increased to $116.7 million, representing 0.50% of total assets [18][37] Capital Ratios - The ratio of stockholders' equity to total assets was 10.75% as of December 31, 2025, slightly down from 10.76% in Q3 2025 [11][37] - Tangible book value per common share (non-GAAP) increased to $23.32, up from $22.75 in Q3 2025 [11] Dividend Declaration - The Board of Directors declared a dividend of $0.3225 per share for the quarter ended December 31, 2025, to be paid on February 27, 2026 [25]

Core Insights - Trustmark reported record earnings for 2025, with net income of $224.1 million, or $3.70 per diluted share, reflecting a 5.4% increase year-over-year [3] - The company expects mid-single-digit growth across key lines for 2026, including loans and deposits [5][8] Financial Performance - Total revenue for the fourth quarter was $204 million, with net interest income of $166 million, contributing to a net interest margin of 3.81% [2] - Non-interest expense increased to $512 million for 2025, up 5.5% year-over-year, indicating a focus on expense management [2] - Deposits declined by $131 million, or 0.8%, linked quarter, but increased by $392 million, or 2.6%, year-over-year [1] Loan and Deposit Growth - Loans held for investment increased by $126 million, or 0.9%, from the third quarter and grew by $584 million, or 4.5%, year-over-year [1] - The company emphasized a strong, cost-effective core deposit base, with the cost of total deposits decreasing to 1.72% in the fourth quarter [1][9] Credit Quality - Fourth-quarter net charge-offs were $7.6 million, equating to 0.22% of average loans for the quarter [10] - Trustmark expects net charge-offs to normalize in the range of 13 to 15 basis points of average loans [11] Capital Management - Trustmark repurchased $43 million of common stock in the fourth quarter and announced a $100 million share repurchase authorization for 2026 [13][14] - The company reported a CET1 ratio of 11.72% at year-end, with projections for slight changes based on potential buybacks [15][14] Dividend and Shareholder Returns - The board approved a 4.2% increase in the quarterly dividend to $0.25 per share, with a return of approximately 61.8% of 2025 net income to shareholders through dividends and repurchases [16] Strategic Focus - Trustmark is focusing on organic growth through hiring, adding 13 new production hires in the fourth quarter [17] - The company remains opportunistic regarding M&A, with a focus on organic opportunities in 2026 [19]

Core Viewpoint FS Bancorp, Inc. reported a net income increase for the fourth quarter of 2025, reflecting strong operational performance and a commitment to shareholder returns through increased dividends and growth in book value. Financial Performance - Net income for Q4 2025 was $8.4 million, or $1.10 per diluted share, up from $7.4 million, or $0.92 per diluted share in Q4 2024 [1] - Total net income for 2025 was $33.3 million, or $4.29 per diluted share, compared to $35.0 million, or $4.36 per diluted share in 2024 [1] - The company declared a quarterly cash dividend of $0.29 per common share, marking the 52nd consecutive increase [3] Book Value and Tangible Book Value - Book value per share increased by 8.6% to $41.55 at December 31, 2025, from $40.43 at September 30, 2025 [2] - Tangible book value per share rose by 10.1% to $39.65 at December 31, 2025, compared to $36.02 at December 31, 2024 [2] Segment Reporting - The Commercial and Consumer Banking segment generated a net income of $7.8 million, while the Home Lending segment contributed $643,000 in Q4 2025 [6] - Total deposits reached $2.67 billion at December 31, 2025, a 14.3% increase from $2.34 billion at December 31, 2024 [6] - Loans receivable increased by $23.6 million, or 0.9%, to $2.62 billion at December 31, 2025, compared to $2.50 billion at December 31, 2024 [6] Asset Management - The company purchased a 122,000-square-foot building for $16.1 million to centralize its headquarters by the end of 2026 [6][14] - Regulatory capital ratios were reported at 14.0% for total risk-based capital and 11.0% for Tier 1 leverage capital at December 31, 2025 [6] Loan Portfolio - Total loans receivable increased to $2.66 billion, with significant growth in commercial and speculative construction loans [16] - Consumer loans, primarily home improvement loans, decreased by $3.8 million to $597.0 million at December 31, 2025 [6]

Core Insights - The article highlights an insider sale by Jay S. Sidhu, Chairman & CEO of Customers Bancorp, Inc., involving 7,479 shares sold on November 25, 2025, for a total transaction value of approximately $523,947.33 [1][2] Company Overview - Customers Bancorp, Inc. is a regional bank holding company focused on commercial lending and technology-enabled banking services, generating revenue primarily through net interest income and fee-based services [8][7] - The company reported a total revenue of $1.42 billion and a net income of $176.51 million for the trailing twelve months (TTM) [4] Insider Transaction Details - The shares sold by Sidhu represented about 0.81% of his direct holdings prior to the transaction, indicating a minor reduction in his stake [6] - The sale was significantly smaller than Sidhu's recent median sale size of 40,901 shares, reflecting a lower-volume disposition [6] - The shares were sold at approximately $70.06 each, a premium to the market close of $68.90 on that day, aligning with a total return of 22.05% over the previous twelve months [6] Financial Performance - Customers Bancorp reported a third-quarter net income of $2.20 per share, marking a 68% increase compared to the same period the previous year [9] - The company has increased its provision for credit losses to $27 million from $17 million year-over-year, while the percentage of non-performing loans decreased to 0.17% from 0.34% [10] Expansion and Services - The bank has opened three new offices on the West Coast, including locations in Reno and Las Vegas, enhancing its branch network [10] - Customers Bancorp offers a range of deposit products, commercial and residential loans, and cash management services, primarily targeting small and middle-market businesses as well as individual consumers [7]

Core Insights - Bank of the James Financial Group, Inc. reported record quarterly earnings driven by loan growth, stable funding costs, and exceptional asset quality [1][3][4] Financial Performance - Earnings per share for Q3 2025 were $0.61, up from $0.44 in Q3 2024, while year-to-date earnings per share remained stable at $1.39 [2][32] - Total interest income increased to $11.77 million in Q3 2025, a 1.8% rise from $11.56 million in Q3 2024, and $34.64 million for the first nine months of 2025, up 4.9% from $33.01 million in the same period last year [2][5] - Net interest income rose 10.5% to $8.30 million in Q3 2025, compared to $7.51 million in Q3 2024, and increased 12.62% to $24.27 million for the first nine months of 2025 [2][4][32] - Interest expense decreased by 14.3% to $3.47 million in Q3 2025 from $4.05 million in Q3 2024, reflecting effective rate management [7][32] Asset Quality and Growth - Loans, net of the allowance for credit losses, grew to $653.29 million at September 30, 2025, from $636.55 million at December 31, 2024, with commercial real estate loans leading the growth [2][15][19] - The ratio of nonperforming loans to total loans was 0.29% at September 30, 2025, indicating strong asset quality [19][20] - Total assets reached $1.02 billion at September 30, 2025, up from $979.24 million at December 31, 2024, primarily due to loan growth and increases in securities [13][22] Shareholder Value - Stockholders' equity increased to $76.97 million at September 30, 2025, from $64.87 million at December 31, 2024, with a book value per share rising to $16.94 [23][30] - The Company declared a quarterly dividend of $0.10 per common share, reflecting its commitment to returning value to shareholders [2][3] Revenue Streams - Noninterest income for Q3 2025 was $4.17 million, compared to $3.82 million in Q3 2024, driven by strong contributions from commercial treasury services and wealth management [10][32] - The balanced revenue stream from various services has provided financial stability, even amid economic uncertainty [4][10]