Eastern Bankshares, Inc.

Earnings data Q1 2021

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Eastern Bankshares reports record 2022 earnings amidst margin challenges

Eastern Bankshares, Inc. delivered strong financial performance in 2022 with record net income and a favorable tax rate, despite facing challenges in Q4.
The company's focus on cost management, revenue diversification, and commercial loan growth positions it well to navigate near-term challenges and capitalize on opportunities.
While maintaining sound asset quality, Eastern Bankshares, Inc. must address margin contraction, liquidity concerns, and economic uncertainties to sustain its financial performance.

Eastern Bankshares, Inc. reports record earnings amidst strategic portfolio adjustments

Eastern Bankshares, Inc. delivered strong financial performance in Q1 2023, achieving record operating earnings and maintaining a robust capital position. While facing challenges in noninterest income and loan growth, the company remains focused on enhancing liquidity and asset quality. Opportunities lie in optimizing income streams and managing expenses to drive profitability.

Eastern Bankshares reports solid Q2 earnings amidst growth challenges

Eastern Bankshares' Q2 performance reflects resilience in a challenging banking environment, driven by strong commercial loan growth and improved asset quality metrics.
While facing challenges such as slower loan growth and reduced shareholders' equity, the company remains optimistic about future opportunities for growth and strategic initiatives.
Investors should monitor Eastern Bankshares' focus on revenue diversification, potential M&A activities, and capital management strategies to assess long-term sustainability and value creation.

Eastern Bankshares reports strong Q3 earnings amidst strategic advancements

Eastern Bankshares, Inc. delivered solid financial performance in Q3 2023, supported by strong asset quality and strategic initiatives.
While facing challenges in loan provisions and merger integration, the company is well-positioned to capitalize on growth opportunities.
Investors can look forward to potential synergies from the merger with Cambridge Trust and continued focus on optimizing the company's financial performance.

Eastern Bankshares, Inc. reports robust Q4 earnings and prepares for merger with Cambridge Bancorp

Eastern Bankshares, Inc. navigated 2023 with strategic repositioning efforts, resulting in a strong financial performance for Q4. The company's focus on resolving nonperforming loans and preparing for the Cambridge merger indicates a forward-looking approach. Despite challenges in loan growth, Eastern's financial stability and upcoming opportunities position it well for future growth.

Eastern Bankshares reports solid Q1 earnings, eyes growth through merger

Eastern Bankshares, Inc. navigated a tough Q1 with stable financial performance and a focus on strategic growth through the upcoming merger. Despite challenges from the environment and expenses, the company remains optimistic about future opportunities and the strength of its balance sheet.

Eastern Bankshares, Inc. reports robust Q2 earnings post-Cambridge Trust merger

Eastern Bankshares, Inc. demonstrated resilience amidst challenges, leveraging the Cambridge Trust merger for growth. With a focus on asset quality and operational efficiency, the company aims to navigate the evolving financial landscape strategically. The future outlook post-merger looks promising, with a strong emphasis on net interest margin, return metrics, and wealth business revenues.

Eastern Bankshares, Inc. excels post-merger, eyes organic growth and M&A

Eastern Bankshares, Inc.'s Q3 2024 earnings call highlighted a transformative period post-merger, with a focus on operational excellence, financial strength, and community impact. Despite facing some challenges, the company is well-positioned to leverage its strengths and pursue growth opportunities in the upcoming quarters.

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Eastern Bankshares, Inc. operates as a holding company, which engages in the provision of financial and banking services. It operates through the following segments: Banking and Insurance Agency segments. The Banking segment provides commercial, retail, lending, deposits, and wealth management services. The Insurance Agency segment offers commercial, personal, and employee benefits insurance products. Its. The Company was founded in 1818 and is headquartered in Boston, MA.

BOSTON--(BUSINESS WIRE)--Eastern Bank, Greater Boston's leading local bank, is pleased to announce that Kimberly Dee, a highly accomplished retail, customer transformation and business banking executive, has been named Executive Vice President, Consumer Banking Director. She will also serve on the Bank's Management Committee, comprised of Eastern's most senior executives. Dee most recently served as Executive Vice President and Head of the Retail Branch Network of Citizens Financial Group, wher.

Eastern Bank Names Kimberly Dee Executive Vice President, Consumer Banking Director

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Eastern Bankshares, Inc. (NASDAQ:EBC ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Bob Rivers - Executive Chair & Chair of the Board Denis Sheahan - Chief Executive Officer David Rosato - Chief Financial Officer & Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc. Third Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements including statements about Eastern's future financial and operating results, outlook, business strategies and plans as well as other opportunities and potential risk debt management foresees.

Eastern Bankshares, Inc. (EBC) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Eastern Bankshares (EBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.32 per share a year ago.

Eastern Bankshares, Inc. (EBC) Q3 Earnings and Revenues Miss Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results.

Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results

Besides Wall Street's top -and-bottom-line estimates for Eastern Bankshares (EBC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Unveiling Eastern Bankshares (EBC) Q3 Outlook: Wall Street Estimates for Key Metrics

Eastern Bankshares (EBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Eastern Bankshares, Inc. (EBC) Earnings Expected to Grow: Should You Buy?

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast.

Eastern Bankshares, Inc. Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast

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Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.

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Shares of Boston-based Eastern Bank have done well since my opening piece late last year, modestly outperforming peers with a ~40% total return. Earnings are still under pressure here from rising funding costs and Eastern's balance sheet positioning, though lower rates and the recently completed Cambridge deal offer strong near-term upside. These shares trade for 11.5x 2025 consensus EPS. Eastern's Boston-heavy footprint makes for a fine standalone investment case, while its excellent funding profile offers investors M&A optionality on top.

Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value

BOSTON--(BUSINESS WIRE)--Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to announce that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank: Jeffrey F. Smith, Executive Vice President, Wealth Management; Danielle Remis Hackel, Executive Vice President,.

Eastern Bank Announces Senior Leadership Appointments

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has been recognized by Disability:IN as a top-scoring business in the Disability Equality Index® and as a 2024 Best Place to Work for Disability Inclusion. The Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities, and is acknowledged today as the most robust disability inclusion assessment tool in business. “Eastern Bank thanks Disability:IN for its efforts in dri.

Eastern Bank Is Recognized By Disability:IN® as a 2024 Best Place to Work for Disability Inclusion

Eastern Bankshares, Inc. (NASDAQ:EBC ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Denis Sheahan - CEO James Fitzgerald - Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc., Second Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements, including statements about Eastern's future financial and operating results, outlook, business strategies, and plans, as well as other opportunities and potential risks that management foresees.

Eastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Eastern Bankshares (EBC) Q2 Earnings: A Look at Key Metrics

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.

Eastern Bankshares, Inc. (EBC) Matches Q2 Earnings Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results.

Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results

Eastern Bankshares (EBC) acquires Cambridge Bancorp in an all-stock transaction. This enhances the company's position as a leading local bank in Greater Boston and aligns with its expansion strategy.

Eastern Bankshares (EBC) Closes Merger With Cambridge Bancorp

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ATLANTA--(BUSINESS WIRE)--Chemical Insights Research Institute (CIRI) of UL Research Institutes applies cutting edge technologies to evaluate the toxicity of burn-impacted land areas affected by the August 2023 Lahaina wildfires. Created with CIRI research partners from Duke University and the East-West Center (EWC) in Hawai'i, the study known as Lahaina Environmental Assessment Project (LEAP), will collect and analyze residual dust, soil and ash samples from properties affected by the fires. T.

Chemical Insights Research Institute Partners with Duke University and the East-West Center to Examine Dust and Ash from Devastating Hawaiian Wildfires

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has provided the financing to facilitate Capstan Atlantic's conversion to an employee-owned company. Founded in 1956 and located in Wrentham, MA, Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry and a wide array of other applications, including lawn mowers, snowblowers and all-terrain vehicles. Eastern Bank is providing a term.

Eastern Bank Provides Financing for Capstan Atlantic's Conversion to an Employee-Owned Company

Eastern Bankshares, Inc. (NASDAQ:EBC ) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Jim Fitzgerald - Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc., First Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements, including statements about Eastern's future financial and operating results, outlook, business strategies, and plans, as well as other opportunities and potential risks that management foresees.

Eastern Bankshares, Inc. (EBC) Q1 2024 Earnings Call Transcript

The headline numbers for Eastern Bankshares (EBC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Eastern Bankshares (EBC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.38 per share a year ago.

Eastern Bankshares, Inc. (EBC) Beats Q1 Earnings and Revenue Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results.

News for Eastern Bankshares, Inc. Stock (EBC)