
EBC Stock Forecast & Price Target
EBC Analyst Ratings
Bulls say
Eastern Bankshares Inc. demonstrated a positive financial trajectory with a significant expansion in net interest margin (NIM), which increased from 4.56% to 4.72%, alongside a decrease in the cost of interest-bearing liabilities from 2.33% to 2.05%. Additionally, end-of-period (EOP) loans experienced a 3% increase quarter-over-quarter, driven predominantly by impressive growth in commercial and industrial loans (C&I) by 18%, as well as increases in commercial real estate (CRE) and consumer home equity loans. The company's strategic restructuring and active buyback program have further contributed to improved margins and sustained loan growth, despite a tempered lending environment influenced by economic uncertainties.
Bears say
Eastern Bankshares Inc. has experienced a significant decline in end-of-period (EOP) deposits, which fell by 9% quarter-over-quarter, attributed to a drop in both non-interest-bearing (NIB) and interest-bearing (IB) balances. Additionally, the company's time deposits decreased by 17% LQA, indicating that higher-cost deposits have been leaving the balance sheet. Although non-performing assets (NPAs) showed improvement by declining 33% to $91.6 million, this reduction may not sufficiently offset the concerning trends in deposit levels and overall liquidity for the bank.
This aggregate rating is based on analysts' research of Eastern Bankshares, Inc. and is not a guaranteed prediction by Public.com or investment advice.
EBC Analyst Forecast & Price Prediction
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