← Back

Eastern Bankshares Inc

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers in the United States. The company offers deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also provides commercial and industrial products, such as asset based lending portfolio; commercial real estate and construction; small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company offers wealth management and trust services, financial planning, and portfolio management; and automated lock box collection, cash management, and account reconciliation services. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

Price · split & dividend adjusted
News & notes moving EBC
EBC▲

Eastern Bank Q2 Results Beat Estimates on Commercial Lending and Wealth Management Growth

Eastern Bank reported second-quarter results that exceeded analyst expectations, driven by growth in commercial lending and wealth management. Revenue reached $316 million, a 26.9% year-on-year increase and 2.8% above the consensus estimate of $307.5 million, while adjusted earnings per share of $0.49 beat the $0.46 forecast by 5.9%. CEO Denis K. Sheahan highlighted enhanced earning power and positive operating leverage, with fee income benefiting from wealth management and investment advisory services. During the earnings call, analysts probed topics including deposit competition, net interest income guidance, wealth management differentiation, the commercial loan pipeline, and the realization of cost synergies from the HarborOne acquisition, with CFO R. David Rosato noting that most cost savings are already reflected in the current run rate.
EBC ▲
Yahoo Finance·25dRead more ▾
EBC▼

StockStory names Blackstone and Crescent Energy as growth stocks to buy, Eastern Bank as risky

StockStory highlights Blackstone and Crescent Energy as growth stocks with explosive upside, while flagging Eastern Bank as risky. Blackstone, a global alternative asset manager with over $1 trillion in assets, posted 19% annual revenue growth over the last two years and 21.4% annual EPS growth. Crescent Energy, an oil and gas producer, achieved 41.5% annual revenue growth over five years, a 59% gross margin, and a 14.8% free cash flow margin. Eastern Bank, a regional bank in the Northeast, shows a low 3.3% net interest margin, 5.1% annual tangible book value per share declines over five years, and low return on equity.
BX ▲CRGY ▲EBC ▼
StockStory·50dRead more ▾
EBC▲2

Regional Bank M&A Volume Hits $15.1 Billion in First Half of 2026, a Seven-Year High

Merger-and-acquisition activity among U.S. regional banks reached $15.1 billion in the first six months of 2026, the highest level in seven years. Several large deals that were announced in 2025 closed early this year, including PNC Financial Services' merger with FirstBank, Pinnacle Financial Partners' merger with Synovus, Fifth Third's merger with Comerica, and Huntington Bancshares' acquisition of Cadence Bank. These transactions have expanded the acquirers' geographic footprints and deposit bases, and the favorable regulatory climate along with valuation disparities could fuel further consolidation. Potential takeover targets include KeyCorp and Eastern Bankshares, which have faced shareholder activist pressure, as well as lower-valued banks such as First Horizon, FNB Corporation, and Webster Financial.
HBAN ▲PNC ▲PNFP ▲EBC ▲FHN ▲FNB ▲+4
The Motley Fool·55dRead more ▾
EBC▼

BankUnited Q1 revenue misses estimates, UMB Financial leads regional banks

BankUnited reported first-quarter revenues of $273.8 million, up 6.1% year on year but falling 5.1% short of analyst expectations, making it the weakest performer among the 91 regional banks tracked. The company also missed net interest income and EPS estimates. In contrast, UMB Financial posted revenues of $744.8 million, a 29.3% increase that beat estimates by 5.4%, the largest beat in the group, alongside EPS and net interest income beats. Eastern Bank, Hope Bancorp, and Fulton Financial also reported results, with Eastern Bank and Hope Bancorp missing revenue and net interest income estimates, while Fulton Financial's revenue was in line with expectations. Despite the mixed results, regional bank stocks have risen 7.8% on average since their earnings reports.
BKU ▼EBC ▼FULT HOPE ▼UMBF ▲
Yahoo Finance·58dRead more ▾
EBC▲

Paul Davis Joins Eastern Bank as Senior Vice President of Commercial Real Estate

Eastern Bank has hired Paul Davis as a Senior Vice President, Commercial Real Estate Relationship Manager. Davis brings more than 25 years of experience in commercial real estate lending, most recently serving as an Executive Director at JPMorgan Chase where he oversaw a multi-billion dollar portfolio of commercial real estate and construction lending projects. He will be part of Eastern Bank's Boston-based commercial real estate lending team, focusing on client relationships across asset classes including multi-family, industrial, and mixed-use properties. Eastern Bank, founded in 1818, operates more than 125 branches and had approximately $30.6 billion in assets as of March 31, 2026.
EBC ▲
Business Wire·64dRead more ▾
© 2026 MarketDXAsset