)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Beacon Financial Corporation
Beacon Financial Corporation (BBT) investor relations material
Beacon Financial Corporation Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Fourth quarter was the first full quarter post-merger, with $23.2 billion in assets, $19.5 billion in deposits, and $18 billion in loans.
Q4 2025 net income was $53.4 million ($0.64 EPS); operating earnings were $66 million ($0.79 EPS) before merger expenses and special charges.
Full-year 2025 net income was $90.3 million ($1.03 EPS); operating earnings after tax (non-GAAP) were $142.3 million ($1.63 EPS), excluding $70.1 million in merger-related charges.
Integration of the merger remains on track, with core systems conversion scheduled for February 2026.
Dividend of $0.3225 per share approved, yielding about 4.5%.
Financial highlights
Net interest income for Q4 was $199.7 million, with net interest margin at 3.82%.
Non-interest income for Q4 was $25.9 million; non-interest expense (excluding merger/restructuring) was $119.1 million.
Efficiency ratio was 56.7%; core efficiency ratio (excluding non-cash amortization) was 52.8%.
Provision for credit losses was $8.1 million, down from $20.3 million in Q3.
Tangible book value per share increased to $23.32.
Outlook and guidance
2026 EPS guidance adjusted to $3.62–$3.75 (operating), reflecting accounting changes and delayed systems conversion.
Net interest margin guidance revised to 3.85–3.95% as rates decline and curve steepens.
Expense growth expected at 3–3.5% post-cost savings realization in Q2 2026.
Loan growth projected in the mid to low single digits for 2026, with strong C&I lending and lower ICRE growth.
Effective tax rate for 2026 estimated at 26% (excluding merger/restructuring charges).
When will full merger cost synergies impact results?
Detail the Boston office loan's specific reserve
ASU 2025-08 capital and TBV impact
Capital deployment strategy post-conversion
Loan growth outlook beyond CRE runoff
Timeline for full merger synergy realization
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Beacon Financial Corporation earnings date
Q1 202616 Apr, 2026
Beacon Financial Corporation
Next Beacon Financial Corporation earnings date
Q1 202616 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage