Eastern Bankshares, Inc.

Earnings data Q1 2021

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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.

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2022 Financial Results

Eastern Bankshares, Inc. Reports Second Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce the promotion of Turahn Dorsey to Chief Impact Officer, a newly created role focused on advancing the Foundation's impact across the communities it serves in Massachusetts, New Hampshire and Rhode Island. For over 25 years, Mr. Dorsey has been leading and supporting civic change and building collaborative solutions as an evaluator, grant maker, strategist and public offic

Eastern Bank Foundation Announces Promotion Of Foundation Fellow Turahn Dorsey To Chief Impact Officer

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast.

Eastern Bankshares, Inc. Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce Boston Ujima Project (“Ujima”) as a 2022 Community Advocacy Award honoree for its innovative approaches to financing small businesses, growing wealth and creating a more equitable economy. “We understand that a range of issues, including unemployment, gentrification, poverty and homelessness, are all interconnected to the opportunity for people and small businesses to thrive. Boston Ujima Project provides an opportunity for

Eastern Bank Foundation Honors Boston Ujima Project With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce a $14 million loan to the Arts & Business Council of Greater Boston for its landmark purchase of the Western Avenue Studios & Lofts (WASL) in Lowell, MA. The WASL complex includes 240,000 square feet of space, 250 work-only artist studios, 50 live/work studios, and a brewery, cafe, and gallery, representing an economic development and cultural asset in Lowell and beyond. “Affordable housing is essential to keeping our local ec

Eastern Bank Provides $14 Million Loan To The Arts & Business Council Of Greater Boston For Its Landmark Purchase Of The Western Avenue Studios & Lofts In Lowell, MA

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce the Sustainable Business Network of Massachusetts (SBN) as a 2022 Community Advocacy Award honoree for its work to cultivate a strong, local business ecosystem that works for racial justice and equity, builds the local economy and advances environmental solutions. “The Sustainable Business Network of Massachusetts is an important community convener and connector, continually educating customers, small businesses and others

Eastern Bank Foundation Honors The Sustainable Business Network Of Massachusetts With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Asian Atlantic Industries, LLC (AAI) as a new asset-based lending customer. Founded in 1998 by CEO Tom Mahoney, AAI is a global supplier of electronic components and semiconductors. Headquartered in Portsmouth, New Hampshire, AAI uses its proprietary software to track the universe of supply and demand, providing its customers with real-time product availability from its vast database of manufacturers and resellers. “Asian Atlantic Ind

Eastern Bank Welcomes Asian Atlantic Industries, LLC As An Asset-Based Lending Customer

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce the New Hampshire Community Loan Fund (the “Community Loan Fund”) as a 2022 Community Advocacy Award honoree for its pioneering efforts in providing loans, capital, training and technical assistance that assist businesses and people across New Hampshire with achieving economic stability. A Community Development Financial Institution (CDFI) founded 38 years ago, the Community Loan Fund helps New Hampshire residents gain acce

Eastern Bank Foundation Honors The New Hampshire Community Loan Fund With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce CommonWealth Kitchen (“CWK”) as a 2022 Community Advocacy Award honoree for its leadership in investing in BIPOC and women entrepreneurs who are starting and building food businesses with the goal of creating a thriving, equitable local food economy. Its comprehensive resources include education, training, infrastructure and industry networks. “In Greater Boston, Commonwealth Kitchen is an essential hub of opportunity for d

Eastern Bank Foundation Honors CommonWealth Kitchen With A Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce the election of five local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: - Carolina Alarco, Founder and Principal, Bio Strategy Advisors LLC, and - Michael A. Curry, Esq., President and CEO, Massachusetts League of Community Health Centers. The newly elected Ambassadors are: - Yolanda Coentro, President and CEO, Institute for Nonprofit Practice (INP), - Elizabeth Turn

Eastern Bank Welcomes New Members To Its Board of Advisors and Board of Ambassadors

Eastern Bankshares, Inc. (EBC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Eastern Bankshares, Inc. (EBC) Upgraded to Strong Buy: What Does It Mean for the Stock?

Eastern Bankshares, Inc. (NASDAQ:EBC ) Q1 2022 Earnings Conference Call April 29, 2022 9:00 AM ET Company Participants Bob Rivers - Chairman and Chief Executive Officer Jim Fitzgerald - Chief Administrative Officer and Chief Financial Officer Conference Call Participants Janet Lee - JP Morgan Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Compass Point Operator Hello and welcome to Eastern Bankshares, Inc. First Quarter 2022 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) CEO Bob Rivers on Q1 2022 Results - Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2022 Financial Results & Declares Quarterly Cash Dividend

Eastern Bankshares, Inc. Reports First Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving the contracting industry in New England. Headquartered in Avon, MA, Sheehy has more than 50 employees. Eastern Bank is providing financing for a working line of credit, term loan and commercial real estate mortgage to support the compa

Eastern Bank Welcomes Leading Mechanical Industry Supplier Charles D. Sheehy, Inc. As A Commercial Customer

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

Eastern Bankshares, Inc. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

NEEDHAM, Mass. , April 4, 2022 /PRNewswire/ -- Needham Bank ("Needham") and Eastern Bankshares, Inc. ("Eastern") (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today that Needham completed the transfer of the cannabis banking and money service businesses from Eastern after receiving the necessary regulatory approvals.

Needham Bank Completes Transfer of Cannabis Banking Business from Eastern Bank

This stock will see revenue rise with higher interest rates and has been growing its dividend as well.

This Stock Will Benefit From Higher Interest Rates -- and It Just Raised Its Dividend

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Washington Federal

With an aim to tame the red-hot inflation, the Fed is expected to announce bigger interest rate hike. Thus, banks like Signature Bank (SBNY), Washington Federal (WAFD) and Eastern Bankshares (EBC) will gain.

Raging Inflation Ups Chances of Bigger Rate Hike: 3 Bank Picks

Eastern Bankshares, Inc. (EBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Eastern Bankshares, Inc. (EBC) Rating Upgrade to Strong Buy

Eastern Bankshares (EBC) CEO, Bob Rivers on Q4 2021 Results - Earnings Call Transcript

Eastern Bankshares, Inc. (EBC) delivered earnings and revenue surprises of 13.04% and 3.90%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Eastern Bankshares, Inc. (EBC) Q4 Earnings and Revenues Beat Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Fourth Quarter 2021 Financial Results and Announces a 25% Increase to Quarterly Dividend

Eastern Bankshares, Inc. Reports Fourth Quarter 2021 Financial Results

Eastern Bankshares, Inc. (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.

Eastern Bankshares, Inc. (EBC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, and Needham Bank (“Needham”) today jointly announced they have entered into an asset purchase agreement for the transfer to Needham of Eastern's cannabis-related and money service business deposit relationships which were acquired during its merger with Century Bank and Trust Company. “We have spent considerable time reviewing the cannabis banking operati

Eastern Bankshares, Inc. (“Eastern”) and Needham Bank Enter Into Asset Purchase Agreement For The Transfer of Eastern's Cannabis Banking Business

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Fourth Quarter 2021 Earnings Release Date, Conference Call and Webcast

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