Beacon Financial Q3 2026 Swings to Net Profit of $61.18 Million From Year-Earlier Loss
Bitget2026/10/21 20:14- Beacon Financial swung to third-quarter 2026 net income of $61.18 million from a year-earlier loss.
- Net interest income climbed 53% year over year to $197.15 million.
- Credit-loss provision rose 81% quarter over quarter to $8.93 million, driven by deterioration in three larger commercial real estate loans.
- The board increased its stock repurchase authorization to $125 million, subject to regulatory approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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