Beacon Financial

Q2 FY2026 EarningsQ2 FY26 results delivered a beat on the bottom line with EPS of $0.77 vs. $0.7671 consensus, despite a slight miss on total revenue ($219.2M vs. $221.1M expected). Net Interest Margin (NIM) expanded to 3.81% from 3.32% YoY, supported by the integration of the Berkshire Hills merger and stabilized cost of funds. While EBIT proxies missed expectations due to higher-than-anticipated merger integration expenses, net income was buoyed by a favorable 26.0% effective tax rate. Management indicates a stable NIM outlook for the remainder of FY26 assuming no further rate cuts.