Eastern Bankshares, Inc. Reports First Quarter 2026 Financial Results
Eastern Bankshares, Inc. (EBC)
Company Research
Source: Business Wire
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 for $75.1 million. As of March 31, 2026, 59% of the current authorization is complete.Non-performing loans of $137.7 million, or 0.60% of total loans, an improvement from $172.3 million, or 0.75% of total loans at year-end. Provision for loan losses of $5.8 million, compared to $4.9 million in prior quarter. BOSTON--(
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News
- Eastern Bank (NASDAQ:EBC) Misses Q1 CY2026 Sales Expectations [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares seen extending dividend growth streak this April [Seeking Alpha]Seeking Alpha
- Assessing Eastern Bankshares (EBC) Valuation After Recent Momentum And The Cambridge Trust Integration [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares (EBC) was upgraded by Stephens to "strong-buy".MarketBeat
- Eastern Bankshares (EBC) was given a new $24.00 price target by Stephens. They now have an "overweight" rating on the stock.MarketBeat
EBC
Earnings
- 4/23/26 - Miss
EBC
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/26/26 - Form ARS
- 3/26/26 - Form DEF
- EBC's page on the SEC website