Eastern Bankshares, Inc.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Eastern Bankshares reports record 2022 earnings amidst margin challenges

Eastern Bankshares, Inc. delivered strong financial performance in 2022 with record net income and a favorable tax rate, despite facing challenges in Q4.
The company's focus on cost management, revenue diversification, and commercial loan growth positions it well to navigate near-term challenges and capitalize on opportunities.
While maintaining sound asset quality, Eastern Bankshares, Inc. must address margin contraction, liquidity concerns, and economic uncertainties to sustain its financial performance.

Eastern Bankshares, Inc. reports record earnings amidst strategic portfolio adjustments

Eastern Bankshares, Inc. delivered strong financial performance in Q1 2023, achieving record operating earnings and maintaining a robust capital position. While facing challenges in noninterest income and loan growth, the company remains focused on enhancing liquidity and asset quality. Opportunities lie in optimizing income streams and managing expenses to drive profitability.

Eastern Bankshares reports solid Q2 earnings amidst growth challenges

Eastern Bankshares' Q2 performance reflects resilience in a challenging banking environment, driven by strong commercial loan growth and improved asset quality metrics.
While facing challenges such as slower loan growth and reduced shareholders' equity, the company remains optimistic about future opportunities for growth and strategic initiatives.
Investors should monitor Eastern Bankshares' focus on revenue diversification, potential M&A activities, and capital management strategies to assess long-term sustainability and value creation.

Eastern Bankshares reports strong Q3 earnings amidst strategic advancements

Eastern Bankshares, Inc. delivered solid financial performance in Q3 2023, supported by strong asset quality and strategic initiatives.
While facing challenges in loan provisions and merger integration, the company is well-positioned to capitalize on growth opportunities.
Investors can look forward to potential synergies from the merger with Cambridge Trust and continued focus on optimizing the company's financial performance.

Eastern Bankshares, Inc. reports robust Q4 earnings and prepares for merger with Cambridge Bancorp

Eastern Bankshares, Inc. navigated 2023 with strategic repositioning efforts, resulting in a strong financial performance for Q4. The company's focus on resolving nonperforming loans and preparing for the Cambridge merger indicates a forward-looking approach. Despite challenges in loan growth, Eastern's financial stability and upcoming opportunities position it well for future growth.

Eastern Bankshares reports solid Q1 earnings, eyes growth through merger

Eastern Bankshares, Inc. navigated a tough Q1 with stable financial performance and a focus on strategic growth through the upcoming merger. Despite challenges from the environment and expenses, the company remains optimistic about future opportunities and the strength of its balance sheet.

Eastern Bankshares, Inc. reports robust Q2 earnings post-Cambridge Trust merger

Eastern Bankshares, Inc. demonstrated resilience amidst challenges, leveraging the Cambridge Trust merger for growth. With a focus on asset quality and operational efficiency, the company aims to navigate the evolving financial landscape strategically. The future outlook post-merger looks promising, with a strong emphasis on net interest margin, return metrics, and wealth business revenues.

Eastern Bankshares, Inc. excels post-merger, eyes organic growth and M&A

Eastern Bankshares, Inc.'s Q3 2024 earnings call highlighted a transformative period post-merger, with a focus on operational excellence, financial strength, and community impact. Despite facing some challenges, the company is well-positioned to leverage its strengths and pursue growth opportunities in the upcoming quarters.

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Eastern Bankshares, Inc. operates as a holding company, which engages in the provision of financial and banking services. It operates through the following segments: Banking and Insurance Agency segments. The Banking segment provides commercial, retail, lending, deposits, and wealth management services. The Insurance Agency segment offers commercial, personal, and employee benefits insurance products. Its. The Company was founded in 1818 and is headquartered in Boston, MA.

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.38 per share a year ago.

Eastern Bankshares, Inc. (EBC) Beats Q1 Earnings and Revenue Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results.

Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results

Eastern Bankshares (EBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Eastern Bankshares, Inc. (EBC) to Report a Decline in Earnings: What to Look Out for

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast.

Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer. Headquartered in Everett, MA, DPV is the largest certified minority-owned ground transportation business in New England operating a fleet of over 80 vehicles from Greater Boston to New York and employing hundreds of people. After working with Eastern Bank as a small business banking customer during its start-up, DPV is now transit.

Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer

Eastern Bankshares, Inc. (EBC) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Eastern Bankshares, Inc. (EBC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Eastern Bankshares, Inc. (EBC) Q4 Earnings: A Look at Key Metrics

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.31 per share a year ago.

Eastern Bankshares, Inc. (EBC) Misses Q4 Earnings Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results.

Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Eastern Bankshares, Inc. (EBC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Eastern Bankshares, Inc. (EBC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast.

Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) loans in Massachusetts for the 15th consecutive year. “Eastern is honored to be recognized once again by the Small Business Administration as a top lender to the small business community,” said Quincy Miller, Vice Chair and President of Eastern Bank. “Our leadership in small business lending is thanks to the commitment of our tremendous banking.

Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce that for the tenth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index (CEI), the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Eastern joins 545 U.S. businesses that also earned top marks this year. “Eastern has a long-standing commitment to supporting the LGBTQ+ community, through.

Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

Eastern Bankshares has lagged peers in a very tough year for regional and community bank stocks. Net interest margin compression is easing now while recent inflation trends also appear supportive. Although not a near-term driver, Eastern looks like a clear M&A target further down the line.

Eastern Bankshares: Headwinds Starting To Ease

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Avedis Zildjian Co. (Zildjian), the oldest family-owned business in the United States and the world's largest maker of cymbals, drumsticks and percussion mallets, as a new commercial customer. Founded in 1623 and headquartered in Norwell, MA, Zildjian's products are sold globally, inspiring people to express themselves through music. Eastern Bank's credit solution includes traditional working capital and real estate financing and grow.

Eastern Bank Welcomes Avedis Zildjian Co. As A Commercial Banking Customer

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney and Linda M. Williams to its Board of Directors effective immediately. They have also each been appointed to the Audit and Risk Management Committees of the Board effective January 1, 2024. They will also serve on the Board of Directors of the Company's banking subsidiary, Eastern Bank. “We are extre.

Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M.

Eastern Bankshares' Q3 revenues were down from last year, but the company is making strategic moves that will be accretive to EPS. Margins are stabilizing and net income has increased compared to previous quarters. Asset quality remains strong, with a decrease in provision for credit losses and low net charge-offs.

Eastern Bankshares: Lifting Our Sell Rating

Eastern Bankshares Inc (NASDAQ:EBC ) Q3 2023 Results Conference Call October 27, 2023 9:00 AM ET Company Participants Bob Rivers - Chairman and CEO Jim Fitzgerald - CFO, Chief Administrative Officer and Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Spark Research Partners Operator Hello, and welcome to Eastern Bankshares Inc Third Quarter 2023 Earnings Conference Call. Today's call will include forward-looking statements, including statements about Eastern's future financial and operating results outlook, business, strategies and plans as well as other opportunities and potential risks that management foresees.

Eastern Bankshares Inc (EBC) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Eastern Bankshares, Inc. (EBC) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Eastern Bankshares, Inc. (EBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.34 per share a year ago.

Eastern Bankshares, Inc. (EBC) Q3 Earnings Top Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2023 Financial Results.

Eastern Bankshares, Inc. Reports Third Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc., the stock holding company for Eastern Bank, announced today it has been recognized with the 2023 NACD Diversity, Equity & Inclusion Awards' Public Company – Small Cap Category. The annual award recognizes boards that have improved their governance and created long-term value for stakeholders by implementing forward-thinking diversity, equity and inclusion (DE&I) practices. It is presented by the National Association of Corporate Directo.

Eastern Bankshares, Inc. Recognized With The 2023 NACD Diversity, Equity & Inclusion Awards' Public Company – Small Cap Category

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast.

Eastern Bankshares, Inc. Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast

Cambridge Bancorp

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cambridge Bancorp (NasdaqCM: CATC) to Eastern Bankshares, Inc. (NasdaqGS: EBC). Under the terms of the proposed transaction, shareholders of Cambridge will receive 4.956 shares of Eastern for each share of Cambridge that they own. KSF is seeking to determine whether this consideration and the process that led.

CAMBRIDGE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC

Eastern Bankshares (EBC) signs an agreement to merge with Cambridge Bancorp (CATC). The total deal value is $528 million.

News for Eastern Bankshares, Inc. Stock (EBC)