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Stock impact report

Eastern Bankshares: Still Growing, Still A Long-Term Buy [Seeking Alpha]

Eastern Bankshares, Inc. (EBC) 
Company Research Source: Seeking Alpha
Q3 revenues rose 19% year-over-year to $241.5 million, though both revenue and EPS slightly missed estimates due to margin pressure. Deposit competition has increased, but loan growth remains strong, and asset quality metrics are healthy with low net charge-offs and manageable non-performing loans. EBC offers a nearly 3% yield, ongoing share repurchases, and attractive valuation; the stock remains a buy on dips given solid fundamentals. Pgiam/iStock via Getty Images We pick back up our Q3 regional bank earnings coverage with Eastern Bankshares, Inc. ( EBC ). Here in Q3 we have seen no signs of consumer slow downs, not signs of a credit crunch, and continued strength in the operations of More on my IG service We make winners. Come make money with us! It's TIME. Let's GO. Join the traders at BAD BEAT Investing! For a limited time ONLY, you can join BAD BEAT for a one month TRIAL at a big discount. Why join? We are available all day during market hours to answer questions, Show less Read more
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