EBC - Earnings announcements

Announces 15% Increase to Quarterly Dividend  Net income of $65.3 million, or $0.29 per diluted share, included non-operating merger-related costs; operating net income of $88.6 million, or $0.40 per diluted share. Return on average assets of 0.86%, or 1.17% on an operating basis; return on average tangible common equity of 9.8%, or 12.8% on an operating basis. Net interest margin on fully tax equivalent basis expanded 2 basis points to 3.63%, primarily due to lower cost of funds. Wealth assets increased to a record high of $10.3 billion, including $9.8 billion of assets under management, and benefited from positive net flows. Repurchased 3.9 million shares of common stock fo

Eastern Bankshares, Inc. (the "Company") (NASDAQ:EBC), the holding company for Eastern Bank, today announced the following details regarding the report of the Company's first quarter 2026 results: Earnings Release: Thursday, April 23, 2026 after the market close   Conference Call: Friday, April 24, 2026 at 9:00 AM Eastern Time   Join by Telephone: Toll-Free Dial-In Number: (800) 715-9871 Conference ID: 8778186   Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.com. A replay of the webcast will be made available on dema

Strong Organic Growth and Return of Capital to Shareholders Net income of $99.5 million, or $0.46 per diluted share, included a GAAP tax benefit related to losses from the investment portfolio repositioning completed in the first quarter and non-operating merger-related costs in the fourth quarter; operating net income of $94.7 million, or $0.44 per diluted share. Return on average assets of 1.36%, or 1.30% on an operating basis; return on average tangible common equity of 14.4%, or 13.8% on an operating basis. Period-end loans increased $4.7 billion linked quarter due to the addition of HarborOne and legacy Eastern loan growth of $255 million, primarily driven by continued strong

Eastern Bankshares, Inc. (the "Company") (NASDAQ:EBC), the holding company for Eastern Bank, today announced the following details regarding the report of the Company's fourth quarter 2025 results: Earnings Release: Thursday, January 22, 2026 after the market close     Conference Call: Friday, January 23, 2026 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228   Conference ID: 51296     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.c

Company Announces Authorization of 5% Share Repurchase Program Received all necessary regulatory approvals to complete merger with HarborOne Bancorp; expected to close November 1, 2025. Net income of $106.1 million, or $0.53 per diluted share, included a GAAP tax benefit related to losses from the investment portfolio repositioning completed in the first quarter; operating net income of $74.1 million, or $0.37 per diluted share. Return on average assets of 1.66%, or 1.16% on an operating basis; return on average tangible common equity of 16.4%, or 11.7% on an operating basis. Period-end loans grew 1.3% linked quarter and 4.1% since year-end, primarily driven by continued strong

Eastern Bankshares, Inc. (the "Company") (NASDAQ:EBC), the holding company for Eastern Bank, today announced the following details regarding the report of the Company's third quarter 2025 results: Earnings Release: Thursday, October 23, 2025 after the market close     Conference Call: Friday, October 24, 2025 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228   Conference ID: 64359     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.co

Strong Performance Reflects Focus on Growth and Profitability Net income of $100.2 million, or $0.50 per diluted share, included GAAP tax benefit related to losses from investment portfolio repositioning completed in the first quarter. Operating net income of $81.7 million, or $0.41 per diluted share. Return on average assets of 1.60%, or 1.30% on an operating basis; return on average tangible equity of 16.44%, or 13.56% on an operating basis. Period-end loans grew 8% annualized linked quarter, primarily driven by higher C&I activity. Net interest margin on a fully tax equivalent basis expanded 21 basis points to 3.59%, primarily due to higher asset yields. Non-performing

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's second quarter 2025 results: Earnings Release: Thursday, July 24, 2025 after the market close     Conference Call: Friday, July 25, 2025 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228   Conference ID: 88195     Webcast:   The conference call will be simultaneously webcast. Participants may jo

Key Highlights: Merger solidifies Eastern's leading position in Greater Boston while expanding into Rhode Island Financially compelling transaction with 16% EPS accretion resulting in top quartile operating profitability1 Pro forma balance sheet has robust capital, liquidity and reserves Eastern Bankshares, Inc. ("Eastern" or "the Company") (NASDAQ:EBC), the holding company for Eastern Bank, and HarborOne Bancorp ("HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank, today jointly announced they have entered into a definitive merger agreement pursuant to which HarborOne will merge with and into Eastern in a stock and cash transaction. Under the terms of the merger agr

Completed $1.3 Billion Investment Portfolio Repositioning Announces 8% Increase to Quarterly Dividend Net loss of $217.7 million, or $1.08 per diluted share, included non-operating loss related to investment portfolio repositioning. Operating net income of $67.5 million, or $0.34 per diluted share. Net interest margin on a fully tax equivalent basis expanded 33 basis points to 3.38%, due to higher asset yields and lower cost of funds. Non-performing loans of $91.6 million or 0.51% of total loans, an improvement from $135.8 million or 0.76% at year-end 2024. Strong balance sheet with robust capital and reserve levels. Quarter-end CET1 ratio of 14.15%(2) and allowance coverage to t

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's first quarter 2025 results: Earnings Release: Thursday, April 24, 2025 after the market close   Conference Call: Friday, April 25, 2025 at 9:00 AM Eastern Time   Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 70523   Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.com. A replay of the webca

~ Company Announces 2025 Investment Portfolio Repositioning ~ Operating net income* of $68.3 million, or $0.34 per diluted share. $1.2 billion investment portfolio repositioning in Q1 2025 anticipated to add approximately $0.13 to 2025 operating EPS. Net interest margin on a fully tax equivalent basis* expanded 8 basis points to 3.05%, primarily due to lower cost of funds. Annualized net charge-offs of 0.71% of average total loans primarily driven by purchased credit deteriorated loans acquired from Cambridge Trust. Strong balance sheet with robust capital and reserve levels. Year-end CET1 ratio of 15.73%(1) and allowance coverage of total loans of 1.29%. Eastern Bankshare

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's fourth quarter 2024 results: Earnings Release: Thursday, January 23, 2025 after the market close     Conference Call: Friday, January 24, 2025 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 65981   Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Inve

~ Company Announces a 9% Increase to Quarterly Dividend ~ Eastern Bankshares, Inc. (the "Company") (NASDAQ:EBC), the holding company of Eastern Bank, today announced its 2024 third quarter financial results. FINANCIAL HIGHLIGHTS Net loss of $6.2 million included the initial provision on non-purchased credit deteriorated ("non-PCD") loans of $40.9 million and merger-related charges of $30.5 million. Operating net income of $49.7 million, or 0.25 per diluted share. Merger EPS accretion and cost saves on track to exceed original estimates. Net interest margin on a fully tax equivalent ("FTE") basis of 2.97%, an increase of 0.33%, including net discount accretion from the Cambridge merg

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's third quarter 2024 results: Earnings Release: Thursday, October 24, 2024 after the market close   Conference Call: Friday, October 25, 2024 at 9:00 AM Eastern Time   Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 35193   Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.com. A replay

~ Company Announces Authorization of Share Repurchase Program ~ Eastern Bankshares, Inc. (the "Company," or together with its subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2024 second quarter financial results, the declaration of a quarterly cash dividend, and the authorization of a share repurchase program. On July 12, 2024, the Company completed its merger ("the merger") with Cambridge Bancorp ("Cambridge") and surpassed $25 billion in assets. The merger also added approximately $4.8 billion in assets under management and administration ("AUM/A"), 11 net new branch locations, and 4 net new wealth management

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's second quarter 2024 results: Earnings Release: Thursday, July 25, 2024 after the market close     Conference Call: Friday, July 26, 2024 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 26729     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast o

~ Receipt of Shareholder Approvals for the Merger with Cambridge ~ ~ CFO James Fitzgerald Announces Upcoming Retirement ~ Eastern Bankshares, Inc. (the "Company," or together with its subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2024 first quarter financial results and the declaration of a quarterly cash dividend. On February 28, 2024, the Company and Cambridge Bancorp ("Cambridge") each received shareholder approval for the previously announced all-stock merger of Cambridge with and into Eastern ("the merger"). The merger is anticipated to close early in the third quarter of 2024, subject to receipt of regul

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's first quarter 2024 results: Earnings Release: Thursday, April 25, 2024 after the market close   Conference Call: Friday, April 26, 2024 at 9:00 AM Eastern Time   Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 46521   Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relation

~ Earnings, Capital, and Liquidity Enhancements Resulting from Eastern Insurance Group LLC Asset Sale ~ ~ Growth in Core Deposits and Reduction in Wholesale Funding ~ Eastern Bankshares, Inc. (the "Company," or together with its subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2023 fourth quarter financial results and the declaration of a quarterly cash dividend. On October 31, 2023, the Company completed the sale of the insurance operations of Eastern Insurance Group, LLC ("Eastern Insurance"), to Arthur J. Gallagher & Co. ("Gallagher") for gross consideration of $515 million ("the insurance transaction"). The c

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's fourth quarter 2023 results: Earnings Release: Thursday, January 25, 2024 after the market close     Conference Call: Friday, January 26, 2024 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (888) 259-6580   Conference ID: 61093108     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the

~ Company Announces a 10% Increase to Quarterly Dividend ~ Eastern Bankshares, Inc. (the "Company," or together with its subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2023 third quarter financial results and the declaration of a quarterly cash dividend of $0.11 per share, representing a $0.01, or 10%, increase from the most recent quarterly dividend. The release of the Company's quarterly financial results follows its September 19, 2023 announcement of the sale of the insurance operations of Eastern Insurance Group, LLC ("Eastern Insurance") ("the insurance transaction") and the pending merger with Cambridge B

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's third quarter 2023 results: Earnings Release:   Thursday, October 26, 2023 after the market close       Conference Call:   Friday, October 27, 2023 at 9:00 AM Eastern Time       Join by Telephone:   Toll-Free Dial-In Number: (888) 259-6580     Conference ID: 50539618       Webcast:   The conference call will be s

Strategic Repositioning Strengthens Market Position as Greater Boston's Leading Community Bank Eastern Bankshares, Inc. ("Eastern" or the "Company") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC ("Eastern Insurance") today entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co. (NYSE:AJG) ("Gallagher") for approximately $510 million ("the insurance transaction"). Also today, Eastern and Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company, announced they have entered into a definitive merger agreement pu

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's second quarter 2023 results: Earnings Release:       Thursday, July 27, 2023 after the market close         Conference Call:       Friday, July 28, 2023 at 9:00 AM Eastern Time         Join by Telephone:       Toll-Free Dial-In Number: (888) 259-6580       Conference ID: 19006231         Webcast:       The conference call will be simultaneously webcast. Participants may j

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's first quarter 2023 results: Earnings Release: Thursday, April 27, 2023 after the market close     Conference Call: Friday, April 28, 2023 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (888) 886-7786   Conference ID: 83330813     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on

Company Declares Quarterly Cash Dividend Eastern Bankshares, Inc. (the "Company," or together with its affiliates and subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2022 fourth quarter financial results and the declaration of a quarterly cash dividend. Net income for the fourth quarter of 2022 was $42.3 million, or $0.26 per diluted share, compared to net income of $54.8 million, or $0.33 per diluted share, reported for the third quarter of 2022. Operating net income* for the fourth quarter of 2022 was $49.9 million, or $0.31 per diluted share, compared to $55.7 million, or $0.34 per diluted share, reported for th

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's fourth quarter 2022 results: Earnings Release: Thursday, January 26, 2023 after the market close     Conference Call: Friday, January 27, 2023 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (888) 396-8049   Conference ID: 15857557     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website

Company Declares Quarterly Cash Dividend Eastern Bankshares, Inc. (the "Company," or together with its affiliates and subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2022 third quarter financial results and the declaration of a quarterly cash dividend. Net income for the third quarter of 2022 was $54.8 million, or $0.33 per diluted share, compared to net income of $51.2 million, or $0.31 per diluted share, reported for the second quarter of 2022. Operating net income* for the third quarter of 2022 was $55.7 million, or $0.34 per diluted share, compared to $52.5 million, or $0.32 per diluted share, reported for the

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's third quarter 2022 results: Earnings Release: Thursday, October 27, 2022 after the market close     Conference Call: Friday, October 28, 2022 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (888) 396-8049   Conference ID: 09796048     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations w

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's second quarter 2022 results: Earnings Release: Thursday, July 28, 2022 after the market close     Conference Call: Friday, July 29, 2022 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (888) 396-8049   Conference ID: 97071632     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations websit

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's first quarter 2022 results:   Earnings Release: Thursday, April 28, 2022 after the market close     Conference Call: Friday, April 29, 2022 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (833) 233-4460 International Dial-In Number: (647) 689-4543   Conference ID: 5295184     Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on th

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's fourth quarter 2021 results: Earnings Release: Thursday, January 27, 2022 after the market close     Conference Call: Friday, January 28, 2022 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (833) 233-4460 International Dial-In Number: (647) 689-4543   Conference ID: 7188051     Webcast: The conference call will be simultaneously webcast. Participants may join the we

Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's third quarter 2021 results: Earnings Release: Thursday, October 28, 2021 after the market close     Conference Call: Friday, October 29, 2021 at 9:00 AM Eastern Time     Join by Telephone: Toll-Free Dial-In Number: (833) 233-4460 International Dial-In Number: (647) 689-4543   Conference ID: 1389147     Webcast: The conference call will be simultaneously webcast. Participant