Eastern Bankshares (EBC) Company Report

EBC Financial Group SA (Pty) Ltd has received approval from the Financial Sector Conduct Authority ("FSCA") as an Authorised Financial Service Provider.
This regulatory approval marks a strategic milestone for EBC's African expansion, enabling the firm to establish a presence in South Africa's rapidly growing fintech ecosystem.
South Africa's fintech sector is projected to more than double from USD7.08 billion in 2023 to USD14.86 billion by 2033.
This new approval complements EBC's existing licenses from regulators including the FCA, CIMA, ASIC, and FSC, underscoring its global regulatory standing.

3 days ago

Eastern Bankshares and HarborOne Bancorp Merger to Become Effective November 1, 2025

EBC

M&A

Board Change

Delisting/Listing Issues

Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced their merger will become effective shortly after midnight on November 1, 2025, following the closing of the merger agreement on October 28, 2025.
Joseph F. Casey and Michael J. Sullivan will be appointed as directors of Eastern and Eastern Bank, effective November 1, 2025.
HarborOne common stock is scheduled to be delisted from the NASDAQ Global Select Market after the close of trading on October 31, 2025.
As of September 30, 2025, Eastern Bank had approximately $25.5 billion in assets.

Oct 28, 2025, 8:36 PM

Eastern Bankshares Reports Strong Q3 2025 Operating Earnings and Progress on HarborOne Merger

EBC

Earnings

M&A

Share Buyback

Eastern Bankshares reported Q3 2025 operating earnings of $74.1 million, a 44% increase year-over-year, with an operating return on assets of 1.16% and operating return on average tangible common equity of 11.7%.
The merger with HarborOne received regulatory approvals and is on track for a November 1 close, with HarborOne's period end loans at $4.763 billion and deposits at $4.433 billion as of September 30.
The company announced the resumption of its share repurchase program, with the board authorizing a new program for up to 11.9 million shares, representing 5% of shares outstanding after the HarborOne merger, expiring on October 31, 2026.
Total loans grew 1.3% linked quarter and 4.1% year to date, driven by strong commercial lending, while assets under management reached a record high of $9.2 billion.
Net interest margin was 3.47%, down 12 basis points from the prior quarter, with period-end deposits totaling $21.1 billion.

Oct 24, 2025, 1:00 PM

Eastern Bankshares and HarborOne Bancorp Receive Regulatory Approvals for Merger

EBC

M&A

Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. have received all necessary regulatory approvals to complete their proposed merger, which was previously announced on April 24, 2025.
The companies expect the merger to close on or about November 1, 2025.
This partnership is anticipated to create a $30 billion locally-based, community-focused organization, expanding Eastern's presence and branch network into Rhode Island.
The full integration of HarborOne banking and mortgage products and services to Eastern Bank’s systems is expected to occur over the weekend of February 21, 2026.

Sep 26, 2025, 8:57 PM

Eastern Bankshares and HarborOne Bancorp Announce Merger Election Form Mailing

EBC

M&A

Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced the distribution of election materials to HarborOne shareholders for their pending merger.
HarborOne shareholders can elect to receive 0.765 shares of Eastern common stock or $12.00 in cash per share, or a combination, subject to allocation and proration procedures.
The anticipated election deadline for most shareholders is October 28, 2025, at 5:00 P.M. Eastern Time, with an earlier deadline of October 23, 2025, at 5:00 P.M. Eastern Time for ESOP and 401(k) plan participants.
The merger is expected to become effective on November 1, 2025, following HarborOne shareholder approval on August 20, 2025.