Eastern Bankshares
New England bank for commercial lending, deposits, private banking, wealth management, and trust.
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Profile
Provides deposits, commercial and consumer lending, treasury services, private banking, wealth management, and trust services through Eastern Bank, earning primarily from interest spreads and service fees. Its New England footprint and loan book are concentrated around Greater Boston and adjacent markets.
Operates through Eastern Bank, providing commercial and small-business lending, deposits, treasury services, residential and consumer credit, private banking, and Cambridge Trust wealth management and trust services. Reports banking as its sole segment, earning mainly net interest income from lending and securities.
Concentrates branches and lending across eastern and central Massachusetts, southern and coastal New Hampshire, and Rhode Island. The regional branch network supplies core funding and supports relationship-led commercial banking, while private banking, wealth management, and trust generate fee income.
Expanded in Rhode Island and Greater Boston through the completed HarborOne merger. Results depend on deposit pricing and retention, interest rates, borrower credit, regional real estate conditions, merger integration, and supervision by federal and state banking regulators.
Company facts
Categories
Key statistics
Year to date +20.3% · Average volume (30d) 2.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 27, 2026 | Seaport Global | Reiterate | Buy | $27 | |
| Jul 27, 2026 | DA Davidson | Reiterate | Buy | $24 | $25 |
| Jul 27, 2026 | Piper Sandler | Reiterate | Overweight | $26 | |
| Jul 27, 2026 | Hovde Group | Reiterate | Outperform | $22.50 | $26 |
| May 15, 2026 | D.A. Davidson | Target | $24 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.46 | $0.49 | +6.0% | $308.2M | $316.0M | +2.5% | +1.33% |
| Apr 23, 2026Q1 FY26 | $0.44 | $0.40 | −9.1% | $302.0M | $295.9M | −2.0% | −2.97% |
| Jan 22, 2026Q4 FY25 | $0.41 | $0.44 | +7.3% | $286.8M | $290.1M | +1.1% | −1.52% |
| Oct 23, 2025Q3 FY25 | $0.40 | $0.37 | −6.9% | $245.9M | $240.0M | −2.4% | −3.81% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $29.6M | $321.6M | $322.7M | $382.9M | $375.6M | $349.9M | |
| Gross profit | −$53.8M | $236.7M | $232.9M | $279.2M | $274.9M | $251.9M | |
| Operating income | −$183.9M | $100.3M | $94.0M | $89.2M | $83.8M | $77.2M | |
| Net income | −$217.7M | $100.2M | $106.1M | $99.5M | $65.3M | $105.2M | |
| Diluted EPS | −$1.09 | $0.50 | $0.53 | $0.46 | $0.29 | $0.48 | |
| Gross margin | -181.9% | 73.6% | 72.2% | 72.9% | 73.2% | 72.0% | |
| Operating margin | -621.7% | 31.2% | 29.1% | 23.3% | 22.3% | 22.1% |
Fiscal years (4-quarter sums)FY21 $621.8M · FY22 $748.8M · FY23 $556.4M · FY24 $1.07B · FY25 $1.06B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $4.99B · Total debt $398.6M · Total assets $31.14B · Shareholders' equity $4.28B
Dividends
Raised for 4 straight years — most recently to $0.15 from $0.13 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 22 | $0.15 | raised from $0.13 |
| Mar 6, 2026 | Mar 6 | Mar 20 | $0.13 | |
| Dec 3, 2025 | Dec 3 | Dec 15 | $0.13 | |
| Sep 3, 2025 | Sep 3 | Sep 15 | $0.13 | |
| Jun 3, 2025 | Jun 3 | Jun 16 | $0.13 | raised from $0.12 |
| Mar 3, 2025 | Mar 3 | Mar 14 | $0.12 | |
| Dec 3, 2024 | Dec 3 | Dec 16 | $0.12 | raised from $0.11 |
| Sep 3, 2024 | Sep 3 | Sep 16 | $0.11 |
Ownership
Shares outstanding 231.14M · Float 200.30M · 86.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.42M | 9.70% | 13F | Aug 7, 2026 |
| FMR LLC | 16.06M | 6.95% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management | 13.26M | 5.73% | 13G | Jul 31, 2026 |
| T. Rowe Price Investment Management, Inc. | 12.63M | 5.46% | 13F | Aug 14, 2026 |
| State Street Corporation | 12.12M | 5.20% | 13G | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Joseph F. Casey | director | −1,778 | $22.69 |
| Aug 24, 2026 | Joseph F. Casey | director | −10,000 | $22.72 |
| Aug 21, 2026 | Joseph F. Casey | director | −10,000 | $22.96 |
| Aug 20, 2026 | Joseph F. Casey | director | −10,000 | $22.88 |
| Aug 19, 2026 | Joseph F. Casey | director | −10,000 | $23.62 |
Peers
- Citizens Financial Group
Scaled Northeast bank across deposits, commercial, and wealth
- Bank of America
National-scale bank in deposits, small business, treasury, and wealth
- Independent Bank
Rockland Trust is the closest local public-bank peer
- Beacon Financial
Boston-based Northeast bank formed from Brookline and Berkshire
- Toronto-Dominion Bank
East Coast retail and commercial bank with U.S. wealth overlap
- Banco Santander (ADR)
Santander Bank overlaps in Boston deposits, banking, and wealth
- Webster Financial
Larger Northeast bank across commercial, consumer, and private banking
- M&T Bank
Super-regional Northeast bank in deposits and commercial banking
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Eastern Bankshares | $22.29 | −0.04% | $5.15B | 12.7 | 11.1 | 3.6 | +29.6% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| Independent Bank | $82.06 | −0.07% | $3.96B | 14.8 | 10.7 | 3.2 | +1.1% |
| Beacon Financial | $31.39 | 0.00% | $2.64B | 23.8 | 9.9 | 2.3 | +92.8% |
| Toronto-Dominion Bank | $120.19 | −0.90% | $204.85B | 18.1 | 15.8 | 2.5 | −22.1% |
| Banco Santander (ADR) | $14.74 | +0.51% | $215.33B | 12.3 | 10.6 | 2.7 | +6.2% |
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| Median | 14.6 | 11.7 | 2.7 | +5.9% |