Beacon Financial Corp (BBT) company profile
Close on Nov 13, 2026Market cap $2.58BP/E 11.4Yield 2.37%
About Beacon Financial
Savings Institutions, Not Federally Chartered, SIC 6036
Beacon Financial Corporation is a bank holding company that delivers commercial, business, and retail banking services, as well as wealth management. Its offerings include consumer and residential mortgage lending, commercial loans, equipment financing, lines of credit, cash management, foreign exchange, online and mobile banking, and payment processing services for payroll bureaus. Operating through its primary subsidiary, Beacon Bank & Trust, along with specialized units like Eastern Funding, 44 Business Capital, and SEC-registered advisor Clarendon Private, the company serves individual consumers, families, businesses, endowments, and foundations.
The organization operates across New England and New York with 147 banking offices. It maintains an executive workforce of 1,972 full-time and 78 part-time personnel, with its corporate headquarters located in Boston, Massachusetts.
Summary of the business section of Beacon Financial's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Beacon Financial Corp
- Headquarters
- Boston, MA
- Address
- 131 Clarendon Street 02116
- Phone
- (617) 641-9206
- Employees
- 1,972, Dec 31, 2025
- Industry
- Savings Institutions, Not Federally Chartered
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Boston, MA
Stock & identifiers
- Ticker
- BBT
- Former tickers
- BHLB until Sep 2, 2025
- Exchange
- NYSE
- IPO date
- Jun 28, 2000
- Shares outstanding
- 84M, Jul 31, 2026
- Public float
- $1.14B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1108134
- CUSIP
- 084680107
- ISIN
- US0846801076
- FIGI
- BBG000BB00D7
- Share class FIGI
- BBG001S5PSK4
- LEI
- 549300AS2OC6UMMBNO37
- EIN
- 04-3510455
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Paul A. Perrault | President and CEO, Director | 285,816 |
| Nitin J. Mhatre | President and CEO, Director | 128,831 |
| Sean Gray | Chief Operations Officer | 145,749 |
| John Buckley Eagan | General Counsel | 7,053 |
| Carl M. Carlson | CFO & Chief Strategy Officer | 84,732 |
| Gary R. Levante | Chief Marketing Officer | 10,721 |
| Mark J. Meiklejohn | Chief Credit Officer | 56,639 |
| Michael W. McCurdy | Chief Banking Officer | 34,575 |
| Ellen Tulchiner | EVP,Head of Cnsmr Lndng&Pymnts | 8,814 |
| Gregory D. Lindenmuth | EVP and Chief Risk Officer | 39,569 |
| James Cannon Brown | SEVP-Head of Comm'l Banking | 17,443 |
| Wm Gordon Prescott | General Counsel and Corp Sec | 32,538 |
| Brett Brbovic | EVP and CFO | 17,102 |
| Jacqueline Courtwright | Chief Human Resources Officer | 18,471 |
| Kevin Conn | Sr Managing Dir/Inv Relations | 26,924 |
| William H. Hughes III | Director | 17,048 |
| Nina A. Charnley | Director | 11,289 |
| Mary Anne Callahan | Director | 39,083 |
| Margaret Boles Fitzgerald | Director | 19,182 |
| Karyn Polito | Director | 8,958 |
| Eric S. Rosengren | Director | 8,131 |
| Thomas J. Hollister | Director | 36,352 |
| Merrill W. Sherman | Director | 25,930 |
| John M. Pereira | Director | 21,940 |
| Sylvia Maxfield | Director | 13,993 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Nitin Mhatre | $8.54M | $8.43M | $2.13M | $115 | $152 |
| FY2025 Paul Perrault | $1.28M | $1.30M | $2.13M | $115 | $152 |
| FY2024 | $2.66M | $2.68M | $991.25K | $100 | $131 |
| FY2023 | $2.63M | $1.66M | $907.63K | $85 | $116 |
| FY2022 | $2.61M | $2.98M | $957.69K | $99 | $116 |
| FY2021 | $2.29M | $2.95M | $616.33K | $93 | $125 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Paul A. Perrault President and Chief Executive | $333.33K | – | $452.68K | $242.50K | $255.92K | $1.28M | – |
| Carl M. Carlson Chief Financial and Strategy Officer | $199.00K | – | $199.02K | $115.85K | $54.40K | $568.27K | – |
| Sean A. Gray Chief Operations Officer | $595.68K | $100.00K | – | $469.64K | $1.65M | $2.82M | +57% |
| Jacqueline Courtwright Chief Human Resources Officer | $340.93K | $30.00K | – | $204.56K | $1.65M | $2.22M | – |
| Wm. Gordon Prescott General Counsel | $320.67K | $60.00K | – | $192.40K | $1.55M | $2.12M | – |
| Nitin J. Mhatre Former Chief Executive Officer, Berkshire | $567.80K | – | – | – | $7.98M | $8.54M | +221% |
| Brett Brbovic Former Chief Financial Officer, Berkshire | $221.00K | $40.00K | – | – | $1.69M | $1.95M | +229% |
| James Brown Former Head of Commercial, Berkshire | $319.60K | – | – | – | $2.75M | $3.07M | +161% |
| Gregory Lindenmuth Former Chief Risk Officer, Berkshire | $241.64K | $10.00K | – | – | $1.90M | $2.15M | +197% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company had 1,972 full-time employees and 78 part-time employees.”
Corporate history
Events identified from SEC filings
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