Beacon Financial Corp (BBT)

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Beacon Financial Corp

BBT • CIK 0001108134

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest Income (Expense), Net	$369,047	$351,586	$503,106	$705,395
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded	—	—	$12	$-41
Interest Income (Expense), after Provision for Loan Loss	$337,048	$327,587	$461,714	$660,635
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$78,322	$79,515	$121,862	$198,726
Income Tax Expense (Benefit)	$8,724	$18,512	$31,591	$53,897
Net Income (Loss) Attributable to Parent	$69,598	$61,003	$90,271	$144,829
Interest and Fee Income, Loans and Leases	$512,535	$556,527	$767,554	$1,026,732
Interest and Dividend Income, Operating	$576,299	$613,938	$832,788	$1,119,007
Interest Expense, Borrowings	$48,339	$34,337	$49,182	$56,608
InterestExpenseOperating	—	$262,352	$329,682	$413,612
Gains (Losses) on Sales of Investment Real Estate	—	—	$1,422	$3,522
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss	—	—	$0	$0
Noninterest Income, Other	—	—	$9,367	$16,745
Noninterest Income	$42,782	$48,414	$49,893	$57,404
Labor and Related Expense	$159,281	$160,453	$191,203	$251,195
Occupancy, Net	—	—	$29,868	$43,686
Professional Fees	$11,643	$10,307	$8,089	$10,645
Federal Deposit Insurance Corporation Premium Expense	$7,019	—	$7,812	$11,547
Marketing and Advertising Expense	—	—	$5,979	$6,571
Amortization of Intangible Assets	$4,820	$4,601	$15,225	$29,625
Business Combination, Acquisition Related Costs	—	—	$61,697	$73,312
Other Noninterest Expense	$29,496	$27,851	$25,155	$35,670
Noninterest Expense	$301,508	$296,486	$389,745	$519,313
Weighted Average Number of Shares Outstanding, Basic	43,288,000	42,508,000	87,377,933	125,463,019
Weighted Average Number of Shares Outstanding, Diluted	43,504,000	42,761,000	87,701,567	125,580,999
Weighted Average Number Diluted Shares Outstanding Adjustment	—	—	323,634	-57,227

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Due from Banks	$148,148	$182,776	$201,557	$240,680
Cash Equivalents, at Carrying Value	$1,055,096	$945,633	$1,840,188	$975,423
Cash and Cash Equivalents, at Carrying Value	—	—	$2,041,745	$1,216,103
DebtSecuritiesAvailableForSaleExcludingAccruedInterest	$1,022,285	$655,723	$1,688,768	$1,761,297
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest	$0	$0	$94	$56
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss	$9,039,686	$9,384,994	$18,029,552	$17,822,218
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	$105,357	$114,700	$252,839	$238,189
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss	$8,934,329	$9,270,294	$17,776,713	$17,584,029
Restricted Investments	—	—	$87,438	$90,660
Property, Plant and Equipment, Net	$68,915	$56,609	$162,474	$161,175
Operating Lease, Right-of-Use Asset	$47,348	$50,195	$82,817	$82,909
Deferred Income Tax Assets, Net	$110,068	$97,449	$149,487	$138,466
Goodwill	—	—	$351,613	$357,358
Intangible Assets, Net (Excluding Goodwill)	$19,664	$15,064	$189,562	$172,906
Other Real Estate and Foreclosed Assets	—	—	$2,591	$2,505
Cash Surrender Value of Life Insurance	—	—	$334,442	$335,523
Other Assets	$341,757	$358,442	$352,816	$348,089
Assets	$12,430,821	$12,273,408	$23,220,372	$22,250,964
Operating Lease, Liability	$53,026	$55,986	$90,713	$90,936
Advance Payments by Borrowers for Taxes and Insurance	—	—	$15,508	$15,508
Off-Balance Sheet, Credit Loss, Liability	$9,256	$9,821	$13,746	$13,470
Accrued Liabilities and Other Liabilities	—	—	$301,327	$232,306
Liabilities	$11,418,600	$11,105,984	$20,724,311	$19,711,168
Deposits	$10,633,384	$10,375,204	$19,514,657	$18,485,864
Long-term Federal Home Loan Bank Advances	$125,223	$212,982	$555,788	$633,292
Subordinated Debt	—	—	$198,572	$202,278
Other Borrowings	—	—	$34,000	$53,022
Long-term Debt	$246,586	$334,594	$788,360	$888,592
Common Stock, Value, Issued	$528	$562	$896	$896
Additional Paid in Capital, Common Stock	$1,423,273	$1,430,532	$2,171,885	$2,164,080
Retained Earnings (Accumulated Deficit)	$-33,136	$-3,080	$485,862	$542,304
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-143,016	$-106,343	$-20,002	$-34,929
Treasury Stock, Common, Value	$225,319	$144,141	$142,580	$132,555
Stockholders' Equity Attributable to Parent	$1,012,221	$1,167,424	$2,496,061	$2,539,796
Demand Deposit Accounts	$2,469,164	$2,324,879	$4,032,529	$3,910,604
Deposits, Negotiable Order of Withdrawal (NOW)	$858,644	$841,406	$1,445,894	$1,569,862
Deposits, Savings Deposits	$1,053,810	$1,021,716	$2,954,029	$3,035,355
Deposits, Money Market Deposits	$3,565,516	$3,610,521	$6,515,306	$4,461,990
Interest-bearing Domestic Deposit, Certificates of Deposits	—	—	$4,156,540	$4,064,518
Interest-bearing Deposit Liabilities	—	—	$15,482,128	$14,575,260
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$97,449	$92,130	$112,926	$120,224
Finite-Lived Intangible Assets, Accumulated Amortization	$65,415	$70,015	$29,118	$45,774
Common Stock, Shares Authorized	100,000,000	100,000,000	200,000,000	200,000,000
Common Stock, Shares, Issued	51,903,190	51,903,190	89,576,403	89,576,403
Treasury Stock, Common, Shares	8,402,318	5,479,174	5,545,511	5,211,670
Derivative, Notional Amount	$4,787,190	$4,883,127	—	$5,055,735
Operating Lease, Cost	$9,100	$8,900	$11,293	$9,328
Operating Lease, Payments	$9,009	$8,302	$12,294	$9,322
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$8,512	—	$53,127	$2,423

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$517,889	$-74,835	$1,498,075	$998,111
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1,203,244	$1,128,409	$2,041,745	$2,328,357
Net Income (Loss) Attributable to Parent	$69,598	$61,003	$90,271	$144,829
Net Cash Provided by (Used in) Operating Activities	$157,156	$125,206	$224,444	$212,943
Proceeds from Sale of Debt Securities, Available-for-sale	$267,199	$361,871	$176,312	$176,312
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale	$201,624	$88,192	$189,964	$347,427
Payments to Acquire Debt Securities, Available-for-sale	$44,586	$86,546	$33,126	$282,789
Proceeds from Sale of Restricted Investments	—	—	$83,643	$97,236
Payments to Acquire Restricted Investments	—	—	$60,488	$93,977
Proceeds from Sale of Loans Held-for-investment	—	—	$300,822	$430,792
Payments to Acquire Businesses, Net of Cash Acquired	—	—	$-1,084,095	$-1,084,095
Payments to Acquire Property, Plant, and Equipment	$1,820	$4,568	$12,288	$12,288
Proceeds from Sale of Other Real Estate	$0	—	$1,473	$1,330
Net Cash Provided by (Used in) Investing Activities	$-284,461	$-317,250	$2,300,410	$2,500,829
Proceeds from FHLBank Borrowings, Financing Activities	$10,450,979	$1,208,500	$1,057,750	$1,919,790
Payments of FHLBank Borrowings, Financing Activities	$10,070,200	$1,277,241	$2,300,715	$3,232,777
Proceeds from (Repayments of) Other Debt	—	—	$-46,469	$-83,840
Payments of Ordinary Dividends, Common Stock	$31,707	$30,940	$63,119	$100,470
Payment, Tax Withholding, Share-based Payment Arrangement	—	—	$2,000	$2,000
Net Cash Provided by (Used in) Financing Activities	$645,194	$117,209	$-1,026,779	$-1,715,661
Provision for Loan, Lease, and Other Losses	—	—	$41,392	$41,274
Proceeds from Sale of Loans Held-for-sale	—	—	$83,330	$83,330
Deferred Income Taxes and Tax Credits	—	—	$22,348	$40,012
Amortization of Intangible Assets	$4,820	$4,601	$15,225	$29,625
Amortization of Debt Issuance Costs	—	—	$100	$58
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss	—	—	$0	$0
Gains (Losses) on Sales of Other Real Estate	$0	—	$-153	$-153
Asset Impairment Charges	—	—	$412	$254
Restricted Stock or Unit Expense	—	—	$5,919	$6,303
Interest Paid, Excluding Capitalized Interest, Operating Activities	$46,584	$34,798	$328,862	$517,582
Income Taxes Paid	—	—	$14,968	$8,475
Transfer of Portfolio Loans and Leases to Held-for-sale	$0	—	$79,859	$79,859
Real Estate Owned, Transfer from Real Estate Owned	—	—	$1,142	$570
Fair Value of Assets Acquired	—	—	$11,170,597	$11,170,597
Liabilities Assumed	—	—	$11,044,057	$11,044,057
Stock Issued During Period, Value, Acquisitions	—	—	$167,330	$167,330
Increase (Decrease) in Life Insurance Liabilities	—	—	$-3,015	$-3,065
Increase (Decrease) in Intangible Assets, Current	—	—	$-1,089	$-1,089
Increase (Decrease) in Other Operating Assets	—	—	$-85,243	$-36,852
Increase (Decrease) in Other Operating Liabilities	—	—	$-89,372	$-113,393
Cash and Cash Equivalents, at Carrying Value	—	—	$2,041,745	$2,041,745

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Import this data to Google Sheets with:

=jivedata("BBT","financials")

Full statements spill as a table. For one cell: =jivedata("BBT","Revenue") or =jivedata("BBT","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.