Beacon Financial Corporation (BBT) Balance Sheet
BBT balance sheet, 2025
December 31, 2025 · U.S. dollars$23.22B assets = $20.72B liabilities + $2.50B equity
Both columns are drawn to the same scale: what BBT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BBT financial health
Descriptive bands, not a rating. Fiscal 2025.
BBT balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.87B2020 | $23.22B2025 | +12.5%/yr | |
| Total liabilities | $11.68B2020 | $20.72B2025 | +12.1%/yr | |
| Shareholders’ equity | $1.19B2020 | $2.50B2025 | +16.0%/yr | |
| Cash & short-term investments | $1.05B2021 | $3.73B2025 | +37.3%/yr | |
| Total debt | $645.9M2020 | $879.1M2025 | +6.4%/yr | |
| Net cash (debt) | −$645.9M2020 | $2.85B2025 | +$3.5B | |
| Working capital | −$5.94B2020 | −$16.33B2025 | −$10.4B | |
| Book value per share | $11.812020 | $28.462025 | +19.2%/yr | |
| Debt / equity | 0.542020 | 0.352025 | −0.19 | |
| Shares outstanding | 100.5M2020 | 87.7M2025 | −2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BBT assets
BBT liabilities and equity
BBT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BBT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $3.73B | $1.44B | $1.05B | $1.04B | $1.05B | — |
| Cash & equivalents | $2.04B | $543.7M | $133.0M | $383.0M | $327.7M | — |
| Short-term investments | $1.69B | $895.0M | $916.2M | $656.7M | $720.9M | — |
| Receivables | $77.8M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $1.97B |
| Total current assets | $3.73B | $1.44B | $1.05B | $1.04B | $1.05B | $1.97B |
| Property, plant & equipment (net) | $245.3M | $130.3M | $120.7M | $90.9M | $90.9M | $172.7M |
| Goodwill & intangible assets | $541.2M | $258.7M | $265.4M | $162.2M | $162.7M | $34.8M |
| Long-term investments | $1.69B | $895.0M | $916.2M | $656.7M | $720.9M | $0 |
| Other non-current assets | $17.01B | $9.18B | $9.03B | $7.24B | $6.58B | $10.69B |
| Total assets | $23.22B | $11.91B | $11.38B | $9.19B | $8.60B | $12.87B |
| Liabilities | ||||||
| Short-term debt | $544.4M | $1.36B | $270.6M | $10.8M | $14.8M | $407.4M |
| Total current liabilities | $20.06B | $10.26B | $8.55B | $6.72B | $7.21B | $7.91B |
| Long-term debt | $232.6M | $122.5M | $130.0M | $130.4M | $357.3M | $0 |
| Lease obligations | $90.7M | $44.8M | $32.0M | $19.5M | $20.5M | — |
| Other long-term liabilities | $432.6M | $301.3M | $1.51B | $1.35B | $41.6M | $3.77B |
| Total liabilities | $20.72B | $10.68B | $10.18B | $8.19B | $7.61B | $11.68B |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $896,000 | $970,000 | $970,000 | $852,000 | $852,000 | $528,000 |
| Retained earnings (deficit) | $485.9M | $458.9M | $438.7M | $412.0M | $342.6M | −$233.3M |
| Accumulated other comprehensive income | −$20.0M | −$52.9M | −$52.8M | −$61.9M | −$110,000 | $24.6M |
| Total shareholders' equity | $2.50B | $1.22B | $1.20B | $992.1M | $995.3M | $1.19B |
| Key figures | ||||||
| Total debt | $879.1M | $1.56B | $1.41B | $1.45B | $377.8M | $645.9M |
| Net cash (debt) | $2.85B | −$126.0M | −$359.5M | −$412.5M | $670.8M | −$645.9M |
| Working capital | −$16.33B | −$8.82B | −$7.50B | −$5.68B | −$6.16B | −$5.94B |
| Tangible book value | $1.95B | $963.3M | $933.2M | $829.9M | $832.6M | $1.15B |
| Book value per share | $28.46 | $14.29 | $13.78 | $10.80 | $10.04 | $11.81 |
| Shares outstanding | 87.7M | 85.5M | 87.0M | 91.8M | 99.1M | 100.5M |
| Current ratio | 0.19 | 0.14 | 0.12 | 0.15 | 0.15 | 0.25 |
| Quick ratio | 0.19 | 0.14 | 0.12 | 0.15 | 0.15 | 0.00 |
| Debt / equity | 0.35 | 1.28 | 1.18 | 1.46 | 0.38 | 0.54 |
| Equity / assets | 10.7% | 10.3% | 10.5% | 10.8% | 11.6% | 9.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $240.7M | $185.7M | $3.73B | $1.66B | $604.3M | $1.24B | $1.44B | $1.26B | $1.20B | — | $1.05B |
| Cash & equivalents | $240.7M | $185.7M | $2.04B | $1.22B | $506.7M | $357.5M | $543.7M | $407.9M | $343.1M | — | $133.0M |
| Short-term investments | $1.56B | $418.6M | $1.69B | $439.3M | $97.6M | $882.3M | $895.0M | $855.2M | $856.1M | — | $916.2M |
| Receivables | $0 | $0 | $77.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 |
| Total current assets | $240.7M | $185.7M | $3.73B | $1.66B | $604.3M | $1.24B | $1.44B | $1.26B | $1.20B | — | $1.05B |
| Property, plant & equipment (net) | $244.1M | $246.0M | $245.3M | $242.6M | $126.4M | $128.6M | $130.3M | $128.9M | $124.1M | $98.7M | $116.3M |
| Goodwill & intangible assets | $530.3M | $536.5M | $541.2M | $551.8M | $255.8M | $257.3M | $258.7M | $260.4M | $262.1M | $18.5M | $260.9M |
| Long-term investments | $1.56B | $418.6M | $1.69B | $439.3M | $97.6M | $882.3M | $895.0M | $855.2M | $856.1M | $0 | $0 |
| Other non-current assets | $19.67B | $20.84B | $17.01B | $19.93B | $10.48B | $9.01B | $9.18B | $9.17B | $9.19B | $12.03B | $11.02B |
| Total assets | $22.25B | $22.23B | $23.22B | $22.82B | $11.57B | $11.52B | $11.91B | $11.68B | $11.64B | $12.15B | $12.45B |
| Liabilities | |||||||||||
| Short-term debt | — | $14.4M | $544.4M | — | $100.0M | — | $1.36B | — | $537.0M | $216.7M | $270.6M |
| Total current liabilities | — | $14.4M | $20.06B | $18.90B | $9.06B | $8.91B | $10.26B | $8.73B | $8.74B | — | $8.55B |
| Long-term debt | $888.6M | $1.07B | $232.6M | $239.5M | $122.6M | $122.6M | $161.9M | $1.50B | $1.43B | $0 | $0 |
| Lease obligations | $90.9M | $92.8M | $90.7M | $92.2M | $43.5M | $45.3M | $44.8M | $43.3M | $37.1M | — | — |
| Other long-term liabilities | $18.82B | $18.64B | $432.6M | $1.26B | $1.13B | $1.25B | $261.9M | $216.5M | $270.3M | — | $1.64B |
| Total liabilities | $19.71B | $19.72B | $20.72B | $20.41B | $10.31B | $10.28B | $10.68B | $10.45B | $10.44B | $11.14B | $11.43B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $896,000 | $896,000 | $896,000 | $896,000 | $970,000 | $970,000 | $970,000 | $970,000 | $970,000 | $528,000 | $528,000 |
| Retained earnings (deficit) | $542.3M | $505.0M | $485.9M | $413.6M | $475.8M | $465.9M | $458.9M | $453.6M | $445.6M | −$61.1M | −$33.1M |
| Accumulated other comprehensive income | −$34.9M | −$31.4M | −$20.0M | −$28.9M | −$39.4M | −$42.5M | −$52.9M | −$38.1M | −$61.7M | −$125.7M | −$153.1M |
| Total shareholders' equity | $2.54B | $2.50B | $2.50B | $2.41B | $1.25B | $1.24B | $1.22B | $1.23B | $1.20B | $1.01B | $1.01B |
| Key figures | |||||||||||
| Total debt | $979.5M | $1.17B | $879.1M | $1.17B | $1.20B | $1.20B | $1.56B | $1.54B | $1.47B | $505.6M | $568.3M |
| Net cash (debt) | −$738.8M | −$979.6M | $2.85B | $487.2M | −$594.3M | $38.6M | −$126.0M | −$277.7M | −$267.4M | −$505.6M | $480.9M |
| Working capital | — | $171.3M | −$16.33B | −$17.24B | −$8.46B | −$7.67B | −$8.82B | −$7.47B | −$7.54B | — | −$7.50B |
| Tangible book value | $2.01B | $1.97B | $1.95B | $1.86B | $998.3M | $982.9M | $963.3M | $970.0M | $936.4M | $991.5M | $751.3M |
| Book value per share | $30.26 | $29.85 | $29.76 | $27.50 | $13.63 | $13.46 | $14.19 | $14.38 | $14.10 | $11.80 | $11.81 |
| Shares outstanding | 83.9M | 83.9M | 83.9M | 87.8M | 92.0M | 92.1M | 86.1M | 85.6M | 85.0M | 85.6M | 85.7M |
| Current ratio | — | 12.94 | 0.19 | 0.09 | 0.07 | 0.14 | 0.14 | 0.14 | 0.14 | — | 0.12 |
| Quick ratio | — | 12.94 | 0.19 | 0.09 | 0.07 | 0.14 | 0.14 | 0.14 | 0.14 | — | 0.12 |
| Debt / equity | 0.39 | 0.47 | 0.35 | 0.49 | 0.96 | 0.97 | 1.28 | 1.25 | 1.22 | 0.50 | 0.56 |
| Equity / assets | 11.4% | 11.3% | 10.7% | 10.6% | 10.8% | 10.8% | 10.3% | 10.5% | 10.3% | 8.3% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BBT financial position
At the end of fiscal 2025 (December 31, 2025), Beacon Financial had total assets of $23.2 billion (up 95.0% from a year earlier), total liabilities of $20.7 billion and shareholders' equity of $2.5 billion. It held $3.7 billion in cash and short-term investments against $879.1 million of debt, a net cash position of $2.9 billion. Its current ratio was 0.19. In the latest quarter (ended June 30, 2026) total assets were $22.3 billion and equity $2.5 billion.
Related: BBT income statement, BBT cash flow statement, BBT key metrics. See the BBT stock overview for the latest quote and news.
BBT balance sheet FAQ
What are Beacon Financial's total assets?
Beacon Financial reported total assets of $23.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.9 billion a year earlier.
How much debt does Beacon Financial have?
Beacon Financial had $879.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.35.
How much cash does Beacon Financial have?
Beacon Financial held $3.7 billion in cash and short-term investments at the end of fiscal 2025; with $879.1 million of debt that is net cash of $2.9 billion.
What is Beacon Financial's book value?
Beacon Financial's shareholders' equity (book value) was $2.5 billion at the end of fiscal 2025, or $28.46 per share.
What is Beacon Financial's current ratio?
Beacon Financial had current assets of $3.7 billion and current liabilities of $20.1 billion, a current ratio of 0.19 (current liabilities exceed current assets).
How much goodwill does Beacon Financial have?
Beacon Financial carried $541.2 million of goodwill and intangible assets, 2.3% of total assets, at the end of fiscal 2025.