What were the key takeaways from Beacon Financial’s earnings call?

What were the key takeaways from Beacon Financial's earnings call?

What is Beacon Financial's gross profit margin?

What is the market's earnings forecast for Beacon Financial next quarter?

What is Beacon Financial's latest dividend and current dividend yield?

Did Beacon Financial beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Beacon Financial year over year?

What does Beacon Financial do and what are its main business segments?

- **Merger Completion**: $22.8 billion in combined assets with $68 million in realized cost synergies.
- **Financial Performance**: Q3 GAAP loss of $56 million, driven by $130 million in merger charges.
- **Credit Management**: $134 million in criticized office loans with 25% reserves; $30 million maturing in Q4-Q1 2026.
- **Dividend Growth**: 79% increase to $0.3225 per quarter, reflecting shareholder value prioritization.

**【CEO Summary Section】**
- Announced completion of the Brookline-Berkshire merger, with combined assets of $22.8 billion, $19 billion in deposits, and $18 billion in loans.
- Highlighted cost synergies of $68 million, with $22 million in quarterly merger-related charges expected through Q1 2026.
- Introduced the new 'Beacon Bank' brand, emphasizing customer retention and service continuity during integration.

**【CFO Financial Commentary】**
- Reported GAAP loss of $56 million for Q3, driven by $130 million in merger-related expenses.
- Net interest margin of 3.72% (3.42% excluding purchase accounting), with accretion guidance of $15-20 million per quarter.
- Provision for credit losses of $15.8 million, with $77 million in specific reserves and a 139% coverage ratio.

**【Q&A Key Highlights】**
- **Credit Quality**: $134 million in criticized office loans with 25% reserves; $30 million maturing in Q4-Q1 2026.
- **Balance Sheet Management**: Targeting mid-single-digit loan growth and 57% deposit beta.
- **Capital Allocation**: $0.3225 quarterly dividend (79% increase) and no immediate buyback plans.
- **Integration Progress**: 6 regional teams operational; core system conversion scheduled for Q1 2026.

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