Beacon Financial Corp

Banking · Massachusetts, United States · 1K - 5K Employees

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Overview

Headquarters

131 Clarendon St, Boston, Massachusetts,...

Phone Number

(617) 425-4600

Revenue

$676.2 Million

Industry

Banking Finance Holding Companies & Conglomerates
ZI Rank: 1
Signal Type
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ZI Rank
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About Beacon Financial Corp

Beacon Financial Corporation is a U.S.-based bank holding company headquartered in Boston, Massachusetts. Formed through the merger of Berkshire Hills Bancorp and Brookline Bancorp, it operates Beacon Bank & Trust, providing commercial, retail, and wealth management services across New England and New York.Explore more
Beacon Financial Corp's Social MediaPopular SearchesBeacon Financial CorpBeacon Financial IncHtmlSIC Code 60,602NAICS Code 52,522Show more

Beacon Financial Corp Org Chart

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Gary Levante, Chief Marketing Officer at Beacon Financial Corp
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Company Profile Activity

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Among all Finance companies

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Activity Insights

Beacon Financial Corp is experiencing very low activity levels compared to other companies in the Finance sector.

What does this means?

Beacon Financial Corp is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Beacon Financial Corp.

Beacon Financial Corp Tech Stack

A closer look at the technologies used by Beacon Financial Corp

Most Recent Scoops

Earnings
Beacon Financial Corp has reported non-interest expense of $118.9 million for Q2 on a core operating basis, a decline of $13.6 million from Q1, reflecting the absence of $13.0 million in merger and restructuring expenses recognized in the prior quarter and favorable to the original merger target of $119.8 million.
Mergers & Acquisitions, Accounting, Financial Reporting, Acquisitions, Finance, Mergers
Earnings
Beacon Financial Corp has reported loan originations of over $850 million during Q2 at a weighted average coupon of 6.31%, substantially above the existing portfolio yield.
Earnings, Business Finance, Finance
Earnings
Beacon Financial Corp has reported non-interest income of $26.0 million, an increase of $2.0 million, or 9%, from Q1, driven by stronger gains on loan sales, higher loan-level derivative income, and continued growth in wealth management fees.
Earnings, Accounting, Financial Reporting, Finance
Earnings
Beacon Financial Corp has indicated that benefits from repricing non-maturity deposits are expected to materialize more fully in Q2 and Q3, with a CD book of approximately $1.4 to $1.5 billion presenting repricing opportunities of 10 to 30 basis points, while management noted that margin improvement is primarily dependent on stronger loan production.
Earnings, Financial Planning, Finance, Financial Operations, Financial Strategy
Earnings
Earnings, Forecasting, Finance, Financial Operations
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Beacon Financial Corp News & Media

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Frequently Asked Questions Regarding Beacon Financial Corp

What is Beacon Financial Corp's official website?
Beacon Financial Corp's official website is www.beaconfinancialcorporation.com
What is Beacon Financial Corp's Revenue?
Beacon Financial Corp's revenue is $676.2 Million
What is Beacon Financial Corp's SIC code?
Beacon Financial Corp's SIC: 60,602
What is Beacon Financial Corp's NAICS code?
Beacon Financial Corp's NAICS: 52,522
How many employees does Beacon Financial Corp have?
Beacon Financial Corp has 1K - 5K employees
What industry does Beacon Financial Corp belong to?
Beacon Financial Corp is in the industry of: Banking, Finance, Holding Companies & Conglomerates
What companies has Beacon Financial Corp acquired?
Beacon Financial Corp has acquired the companies: Firestone Financial, The Connecticut Bank and Trust, Greenpark Mortgage, SI Financial Group
What technology does Beacon Financial Corp use?
Some of the popular technologies that Beacon Financial Corp uses are: PHP, Google AdSense, Infolinks, SkimLinks
How do I contact Beacon Financial Corp?
Beacon Financial Corp contact info: Phone number: (617) 425-4600 Website: www.beaconfinancialcorporation.com
What does Beacon Financial Corp do?

Beacon Financial Corporation is a U.S.-based bank holding company headquartered in Boston, Massachusetts. Formed through the merger of Berkshire Hills Bancorp and Brookline Bancorp, it operates Beacon Bank & Trust, providing commercial, retail, and wealth management services across New England and New York.... Read More

What are Beacon Financial Corp social media links?
Beacon Financial Corp Linkedin page
Is Beacon Financial Corp a public company?
Beacon Financial Corp is private company therefore does not currently have an official ticker symbol
See more information about Beacon Financial Corp

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