Earnings call transcript: Beacon Financial tops on momentum, misses Q2 estimates

Beacon Financial reported improved second-quarter profitability with GAAP earnings of $0.77 per share, exceeding first-quarter results despite missing Wall Street's revenue and earnings forecasts. The bank saw net interest margin expand to 3.81% and core efficiency improve after completing merger integration costs. Management anticipates improved loan growth in the second half of 2026, though credit charge-offs are expected to remain elevated.