Beacon Financial Corp

BBT remains in a Stage 2 advance with a medium-term bullish bias reinforced by a clear higher-highs and higher-lows structure and support from rising EMAs and SMAs. However, price is consolidating into the rising 9/20 EMA zone above the 50-day SMA, creating neutral short-term timing. We will stalk for a clean hold and rebound at short-term EMA support before initiating.

• ↑Q2 net income surged to $64.4 M ($0.77/sh) vs $46.2 M ($0.55/sh) in Q1
• ↑Net interest margin improved to 3.81% on higher-yielding earning assets
• ↓Nonperforming loans rose to 83 bps of total loans; charge-offs may exceed provisions