Earnings summaries and quarterly performance for Eastern Bankshares.
Executive leadership at Eastern Bankshares.
Denis K. Sheahan
Detailed
Chief Executive Officer
CEO
DR
David Rosato
Detailed
Chief Financial Officer and Treasurer
DM
Donald M. Westermann
Detailed
Executive Vice President, Chief Information Officer
KC
Kathleen C. Henry
Detailed
Executive Vice President, General Counsel and Corporate Secretary
QL
Quincy L. Miller
Detailed
President and Chief Operating Officer
RF
Robert F. Rivers
Detailed
Executive Chair
SL
Steven L. Antonakes
Detailed
Executive Vice President, Chief Risk Officer
Board of directors at Eastern Bankshares.
AS
Andargachew S. Zelleke
Detailed
Director
BA
Bari A. Harlam
Detailed
Director
CA
Cathleen A. Schmidt
Detailed
Director
DC
Deborah C. Jackson
Detailed
Lead Independent Director
DS
Diane S. Hessan
Detailed
Director
JF
Joseph F. Casey
Detailed
Director
JT
Joseph T. Chung
Detailed
Director
LA
Leon A. Palandjian
Detailed
Director
LM
Linda M. Williams
Detailed
Director
LA
Luis A. Borgen
Detailed
Director
MJ
Marisa J. Harney
Detailed
Director
MJ
Michael J. Sullivan
Detailed
Director
PK
Peter K. Markell
Detailed
Director
RC
Richard C. Bane
Detailed
Director
RE
Richard E. Holbrook
Detailed
Director
Research analysts who have asked questions during Eastern Bankshares earnings calls.
DD
Damon Del Monte
Keefe, Bruyette & Woods
6 questions for EBC
Also covers: ALRS, BY, CAC +15 more
LH
Laura Havener Hunsicker
Seaport Research Partners
3 questions for EBC
Also covers: BHLB, BRKL, INDB +2 more
LH
Laurie Hunsicker
Seaport Research Partners
3 questions for EBC
Also covers: BHLB, BRKL, INDB +3 more
MF
Mark Fitzgibbon
Piper Sandler & Co.
3 questions for EBC
Also covers: AMAL, BHLB, BRKL +11 more
FS
Freddie Strickland
Hovde
2 questions for EBC
GS
Gregory Szin
Piper Sandler
2 questions for EBC
JL
Janet Lee
TD Cowen
2 questions for EBC
Also covers: AUB, COLB, EWBC +15 more
Gregory Zingone
Piper Sandler
1 question for EBC
Also covers: BHLB, MCB, ORRF
Recent press releases and 8-K filings for EBC.
Eastern Bankshares, Inc. Announces Q4 2025 Financial Highlights and 2026 Outlook
EBC
Earnings
M&A
Guidance Update
- Eastern Bankshares, Inc. reported net income of $99.5 million and diluted EPS of $0.46 for Q4 2025.
- The company declared a quarterly cash dividend of $0.13 per share and repurchased 3.1 million shares for $55.4 million in Q4 2025.
- The HarborOne merger significantly impacted the quarter, adding approximately $4.5 billion in loans and $4.3 billion in deposits, and contributing to a $103.1 million increase in non-performing loans. Merger-related costs also led to a $26.7 million increase in non-operating expense linked quarter.
- Wealth assets reached a record high of $10.1 billion, including $9.6 billion of assets under management.
- For the full year 2026, EBC provided guidance including net interest income of $1.02 - $1.05 billion and a net interest margin (FTE) of 3.65% - 3.75%.
6 days ago
Eastern Bankshares Reports Strong 2025 Results, Announces No Future Acquisitions, and Provides 2026 Outlook
EBC
Earnings
M&A
Guidance Update
- Eastern Bankshares reported a "terrific year" in 2025, highlighted by a 62% increase in operating earnings, strong organic loan growth, and record wealth assets under management.
- The company completed its merger with HarborOne in 2025, increasing its assets to $31 billion and making it the largest independent bank headquartered in Massachusetts.
- For the foreseeable future, Eastern Bankshares will not pursue any acquisitions, instead focusing on organic growth and returning capital to shareholders through share repurchases and prudently growing the dividend. In Q4 2025, the company repurchased 3.1 million shares for $55.4 million.
- The 2026 outlook includes anticipated loan growth of 3%-5%, deposit growth of 1%-2%, net interest income between $1.2 billion-$1.5 billion, and a full-year FTE margin of 365-375 basis points. Provision expense is expected to be $30 million-$40 million, operating non-interest income $190 million-$200 million, and operating non-interest expense $655 million-$675 million.
6 days ago
Eastern Bankshares Reports Strong 2025 Performance and Outlines 2026 Outlook
EBC
Earnings
Share Buyback
Guidance Update
- Eastern Bankshares reported a 62% increase in operating earnings for 2025, driven by strong organic loan growth and record wealth assets, following the HarborOne merger which increased assets to $31 billion.
- The company is committed to returning excess capital, repurchasing 3.1 million shares for $55.4 million in Q4 2025 and targeting a CET1 ratio of 12% from 13.2% at year-end 2025. A $0.13 dividend was approved for Q1 2026.
- Eastern Bankshares will not pursue acquisitions for the foreseeable future, focusing instead on organic growth opportunities.
- For 2026, operating non-interest income is projected to be between $190-$200 million, and operating non-interest expense between $655-$675 million.
6 days ago
Eastern Bankshares Reports Strong Q4 2025 Results and Outlines 2026 Organic Growth Strategy
EBC
Earnings
Guidance Update
Share Buyback
- Eastern Bankshares reported Q4 2025 operating earnings of $94.7 million, or $0.44 per diluted share, reflecting increases of 28% and 19% respectively, and an operating return on assets (ROA) of 130 basis points.
- The company has shifted its strategic focus to organic growth and will not pursue acquisitions for the foreseeable future, committing to return excess capital to shareholders primarily through share repurchases and prudently growing the dividend.
- In Q4 2025, the company repurchased 3.1 million shares for $55.4 million and plans to manage its CET1 ratio towards 12% from its year-end 2025 level of 13.2%.
- For 2026, Eastern Bankshares anticipates loan growth of 3%-5% and deposit growth of 1%-2%, with full-year net interest income projected between $1.2 billion and $1.5 billion and an FTE margin of 365-375 basis points.
- Wealth assets reached a record high of $10.1 billion at year-end, including $9.6 billion in assets under management, driven by market appreciation and positive net flows.
6 days ago
Eastern Bankshares Reports Strong Q4 Results and 2025 Performance
EBC
Earnings
Revenue Acceleration/Inflection
- Eastern Bankshares reported Q4 results with adjusted EPS of roughly $0.44–$0.46 and revenue of $283.5 million, marking a 62% increase in operating net income.
- Key profitability and efficiency metrics for 2025 included a return on average assets of 1.21%, a return on average tangible common equity of 12.7%, and an improved efficiency ratio of 51.7%.
- The company's tangible book value per share rose to $12.90, supported by strong revenue growth, including an 11.8% five-year CAGR and ~24% annualized growth over the past two years.
- Recent insider activity shows Executive Chair Robert Francis Rivers purchased 94,642 shares (~$1,606,467), while major institutional investors like Macquarie Group and FMR LLC significantly increased their holdings.
6 days ago
Eastern Bankshares, Inc. Reports Q4 2025 Financial Results with Significant Merger Impact
EBC
Earnings
M&A
Share Buyback
- Eastern Bankshares, Inc. reported net income of $99.5 million ($0.46 per diluted share) and operating net income of $94.7 million ($0.44 per diluted share) for the fourth quarter of 2025.
- The company completed its merger with HarborOne Bancorp on November 1, 2025, which significantly increased period-end loans by $4.7 billion to $23.6 billion and total deposits by $4.4 billion to $25.5 billion at December 31, 2025.
- In Q4 2025, the company repurchased 3.1 million shares of common stock for $55.4 million and declared a quarterly cash dividend of $0.13 per common share.
- Non-performing loans increased by $103.1 million to $172.3 million, or 0.75% of total loans, primarily due to loans acquired from HarborOne.
7 days ago
Eastern Bankshares, Inc. Reports Fourth Quarter 2025 Financial Results
EBC
Earnings
M&A
Share Buyback
- Eastern Bankshares, Inc. reported net income of $99.5 million, or $0.46 per diluted share, and operating net income of $94.7 million, or $0.44 per diluted share, for the fourth quarter of 2025.
- Period-end loans increased by $4.7 billion to $23.6 billion, primarily driven by the HarborOne merger adding $4.5 billion in loans, alongside $255 million in legacy Eastern loan growth.
- Wealth assets reached a record high of $10.1 billion, including $9.6 billion of assets under management.
- The company repurchased 3.1 million shares of common stock for $55.4 million in the fourth quarter.
- Non-performing loans increased by $103.1 million to $172.3 million, or 0.75% of total loans, primarily due to loans acquired from HarborOne.
7 days ago
EBC Financial Group Highlights South Africa's Digital Payments Growth
EBC
New Projects/Investments
Revenue Acceleration/Inflection
- South Africa's digital payments market is entering a decisive growth phase, with card-based transactions projected to exceed ZAR2.9 trillion ($159 billion) in 2025.
- Card usage is increasing at a robust 10.4% annual pace, and Africa's digital payments network expanded by 45% in 2025.
- Approximately 90% of small and medium-sized enterprises (SMEs) in South Africa now accept digital payments, highlighting their central role in this transformation.
- The broader African digital payments economy is projected to reach around ZAR25 trillion ($1.5 trillion) by 2030, with South Africa expected to remain a key driver.
Jan 1, 2026, 12:00 PM
EBC Financial Group Reports Easing Food Inflation in Nigeria
EBC
- Nigeria's food inflation has shown clear signs of relief, easing to 11.08% year-on-year in November 2025, a significant drop from 13.12% in October 2025 and 39.93% in November 2024.
- This moderation marks a five-month consecutive slowdown in food price growth, supported by improved domestic supply and seasonal harvest effects.
- The easing food inflation has also contributed to a decline in headline inflation, which reached 14.45% in November 2025, its eighth consecutive monthly decrease, potentially creating room for more balanced monetary policy.
Dec 22, 2025, 8:00 AM
EBC Financial Group Receives Regulatory Approval in South Africa
EBC
New Projects/Investments
- 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.
Dec 3, 2025, 6:57 AM
Quarterly earnings call transcripts for Eastern Bankshares.
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