Eastern Bankshares, Inc.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2024

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.

The decline of many stocks in 2022 has created buying opportunities.

This High-Opportunity Stock Was Sold Off in 2022, Despite Improved Business

BOSTON--( BUSINESS WIRE )--Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 14th consecutive year.

Eastern Bank Named #1 SBA Lender in Massachusetts for the 14th Year in a Row

BOSTON--( BUSINESS WIRE )--Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce Jerry Rubin has joined its team as a Foundation Fellow focused on promoting workforce development for adults, a strategic area in the Foundation's work to support economic inclusion and mobility across the region. Eastern Bank Foundation Fellows bring deep expertise to the Foundation's investments in driving systems change to affect economic mobility.

Eastern Bank Foundation Welcomes Jerry Rubin as New Foundation Fellow Focused on Promoting Workforce Development

BOSTON--( BUSINESS WIRE )--Eastern Bank and the Foundation for Business Equity (FBE), an award-winning Boston-based nonprofit organization working to scale small businesses of color, are pleased to announce the merger of FBE with Mill Cities Community Investments (MCCI), a significant step to strengthening their services and extending their impact. The merger marks a major milestone in the continued growth of FBE and the completion of its incubation period at Eastern Bank. In 2017, Eastern Bank created FBE, serving as the founding funder with an initial $10 million grant and which has grown to over $13 million in total support, as part of its deep and long-standing commitment to address the racial wealth inequities, and drive greater economic inclusion and mobility.

The Foundation for Business Equity (FBE) and Eastern Bank Announce the Merger of FBE with Mill Cities Community Investments

BOSTON--(BUSINESS WIRE)--Eastern Bank and Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, are pleased to announce The Forsyth Institute (Forsyth) as a new commercial banking and insurance customer.

Eastern Bank and Eastern Insurance Group LLC Welcome The Forsyth Institute As A New Customer

Eastern Bankshares, Inc. (NASDAQ:EBC ) Q3 2022 Earnings Conference Call October 28, 2022 9:00 AM ET Company Participants Bob Rivers - Chairman and CEO Jim Fitzgerald - Chief Administrative Officer and CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Compass Point Research Operator Hello, and welcome to the Eastern Bankshares, Inc. Third Quarter 2022 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) Q3 2022 Results - Earnings Call Transcript

Eastern Bankshares, Inc. (EBC) delivered earnings and revenue surprises of -8.11% and 0.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Eastern Bankshares, Inc. (EBC) Lags Q3 Earnings Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2022 Financial Results

Eastern Bankshares, Inc. Reports Third Quarter 2022 Financial Results

Eastern Bankshares, Inc. (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) Reports Next Week: Wall Street Expects Earnings Growth

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Crime Prevention Security Systems, LLC (CPSS) as a new commercial customer.

Eastern Bank Welcomes Crime Prevention Security Systems, LLC As A Commercial Customer

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast

Eastern Bankshares, Inc. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce Robert Jenkins, the former, longtime Executive Director of the Brockton Redevelopment Authority (BRA), as a 2022 Community Advocacy Award honoree for their support of small business owners and revitalization efforts in the City of Brockton. “Small businesses help local economies thrive and it has been a pleasure working with the Brockton Redevelopment Authority team to support the City of Brockton and its residents,” said R

Eastern Bank Foundation Honors The Brockton Redevelopment Authority With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce EforAll/EparaTodos Merrimack Valley as a 2022 Community Advocacy Award honoree, for its work supporting a vibrant and strong entrepreneurial ecosystem in Merrimack Valley for businesses owned by women, Black, Indigenous and People of Color (BIPOC), and immigrants. “At EforAll/EparaTodos Merrimack Valley, we aim to turn dreams into businesses,” said Sophan Sok Smith, Executive Director of EforAll/EparaTodos Merrimack Valley.

Eastern Bank Foundation Honors EforAll/EparaTodos Merrimack Valley With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce the North Shore Latino Business Association (NSLBA) as a 2022 Community Advocacy Award honoree for its dedicated work with Latino business owners and entrepreneurs. This recognition is happening as part of this year's Hispanic Heritage Month celebration. “We believe that empowering, educating and representing Latino-owned businesses is key for a local, thriving Latino-American business community,” said Frances Martinez, Pre

Eastern Bank Foundation Honors North Shore Latino Business Association With Community Advocacy Award During Hispanic Heritage Month

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce Innovation Studio as a 2022 Community Advocacy Award honoree for its empowerment of Black, Indigenous and People of Color (BIPOC) and women entrepreneurs to grow their ideas into successful businesses. “Innovation Studio combines the entrepreneurial mindset of action with the passion for diversity and inclusion,” said Daniel Enríquez Vidaña, President of Innovation Studio. “We are deeply committed to ensuring entrepreneurs,

Eastern Bank Foundation Honors Innovation Studio With Community Advocacy Award

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Eastern Bankshares (EBC) announces a new share repurchase program. This, along with regular quarterly dividend payouts, will continue to enhance shareholder value.

Eastern Bankshares (EBC) Stock Up on New Share Buyback Plan

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce Amplify POC Cape Cod (Amplify POC) as a 2022 Community Advocacy Award honoree for its programming, education and resources that help increase sustainable business ownership for people of color (POC) on Cape Cod. “Amplify POC exists to eliminate the racial wealth gap and create opportunities for communities of color to build generational wealth. Our programs and services are designed to ensure communities of color are not on

Eastern Bank Foundation Honors Amplify POC Cape Cod With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces New Share Repurchase Program

Eastern Bankshares, Inc. Announces New Share Repurchase Program

Eastern Bankshares, Inc. (EBC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Eastern Bankshares, Inc. (EBC) Gain on Rising Earnings Estimates?

This bank stock just has a high valuation on paper.

Don't Be Fooled -- This Stock Is Cheaper Than You Think

Eastern Bankshares, Inc. (NASDAQ:EBC ) Q2 2022 Earnings Conference Call July 29, 2022 9:00 AM ET Company Participants Bob Rivers - Chair and CEO Jim Fitzgerald - Chief Administrative Officer and Chief Financial Officer Conference Call Participants Janet Lee - JPMorgan Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Compass Point Research Damon DelMonte - KBW Operator Hello, and welcome to the Eastern Bankshares, Inc. Second Quarter 2022 Earnings 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) CEO Bob Rivers on Q2 2022 Results - Earnings Call Transcript

Eastern Bankshares, Inc. (EBC) delivered earnings and revenue surprises of 10.34% and 0.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Eastern Bankshares, Inc. (EBC) Tops Q2 Earnings and Revenue Estimates

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2022 Financial Results

Eastern Bankshares, Inc. Reports Second Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce the promotion of Turahn Dorsey to Chief Impact Officer, a newly created role focused on advancing the Foundation's impact across the communities it serves in Massachusetts, New Hampshire and Rhode Island. For over 25 years, Mr. Dorsey has been leading and supporting civic change and building collaborative solutions as an evaluator, grant maker, strategist and public offic

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