0001171843-26-005016
SEC filingBeacon Financial二季度净利大增，EPS达$0.77，净息差扩至3.81%，运营动能强劲。
| 指标 | 本期 (Q2 2026) | 去年同期 (Q2 2025) | 同比 |
|---|---|---|---|
| Revenue (Net Interest Income) | $193.2M | $88.7M | — |
| Net Interest Margin | 3.81% | 3.32% | — |
| Non-Interest Income | $26.0M | $6.0M | — |
| Non-Interest Expense | $127.3M | $58.1M | — |
| Provision for Credit Losses | $5.0M | $7.0M | — |
| Net Income | $64.4M | $22.0M | — |
| Diluted EPS (GAAP) | $0.77 | $0.25 | — |
| Total Assets | $22,250.964M | $11,568.745M | — |
| Total Loans and Leases | $17,822.218M | $9,582.374M | — |
| Total Deposits | $18,485.864M | $8,961.202M | — |
| Return on Average Assets (annualized) | 1.17% | 0.77% | — |
| Return on Average Stockholders' Equity (annualized) | 10.15% | 7.04% | — |
| Tangible Book Value per Share (non-GAAP) | $23.98 | $11.20 | — |
| Nonperforming Assets / Total Assets | 0.70% | 0.55% | — |
| Allowance / Total Loans and Leases | 1.34% | 1.32% | — |
注：同比数据因2025年Q2为并购前Brookline独立报表，与本期不可直接比较，故同比列留「—」。
简评
Beacon Financial二季度业绩显著改善，净利$64.4M、EPS $0.77，环比Q1增长近40%，同比更是翻近三倍。核心驱动在于净息差扩至3.81%（环比+3bp），得益于贷款收益率上升与融资成本下降；同时非利息收入环比增$2.0M至$26.0M，贷款销售收益与财富管理费贡献突出。费用端大幅优化，非利息支出环比降$13.6M至$127.3M，主要因Q1含$13.0M并购重组费用已完结，叠加系统整合带来的设备及数据处理费用下降。信贷成本温和，拨备$5.0M环比降$2.9M，但净核销$14.3M仍偏高，主要来自波士顿写字楼贷款及Eastern Funding的工业洗衣贷款，管理层称已在此前期间专项计提。资产质量略有波动，不良资产率升至0.70%，主要受Eastern Funding非应计贷款增加影响。资本与流动性稳健，有形账面价值每股$23.98环比增$0.50，股东权益/总资产比率11.41%改善。CEO Paul Perrault强调并购整合后运营动能、执行纪律与成本控制成效，并宣布季度股息$0.3225，8月28日支付。整体看，公司正从并购整合期步入盈利释放阶段，但需关注Eastern Funding资产质量及外部竞争环境。