Eastern Bankshares, Inc. (EBC) Earnings
Eastern Bankshares, Inc. is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $0.46. EBC has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise -0.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.44 | $0.40 | -9.1% | $296M | -2.0% |
| Jan 22, 2026 | $0.41 | $0.44 | +7.3% | $284M | -6.1% |
| Oct 23, 2025 | $0.40 | $0.37 | -6.9% | $240M | -2.4% |
| Jul 24, 2025 | $0.38 | $0.41 | +7.9% | $244M | -1.4% |
| Apr 24, 2025 | $0.33 | $0.34 | +3.0% | $30M | -87.0% |
| Jan 23, 2025 | $0.29 | $0.34 | +17.2% | $217M | +2.2% |
| Oct 24, 2024 | $0.33 | $0.25 | -24.8% | $203M | -8.7% |
| Jul 25, 2024 | $0.22 | $0.22 | +0.0% | $154M | -15.7% |
| Apr 25, 2024 | $0.20 | $0.23 | +15.0% | $157M | +3.9% |
| Jan 25, 2024 | $0.21 | $0.10 | -52.4% | $159M | +22.5% |
| Oct 26, 2023 | $0.28 | $0.32 | +14.3% | $156M | +11.2% |
| Jul 27, 2023 | $0.30 | $0.28 | -6.7% | $168M | +19.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First quarter performance was solid and in line with expectations, with operating income and earnings per share increases. - Customer sentiment positive and commercial loan pipelines at record highs. - Wealth management had positive net flows approaching $400 million, wealth assets at record high. - Successful completion of HarborOne merger core system conversion. - AI focus on improving client delivery, anticipating customer needs and providing relevant recommendations. - Capital generation in excess of growth needs, with share repurchases and dividend increase. - Non-interest income impacted by loss on investments but benefited from miscellaneous income and fees.
Guidance
- Not making changes to full-year guidance as first quarter performance was mostly in line with expectations. - May trend towards lower end of NII guidance range shared in January. - Plan to revisit outlook at mid-year as visibility improves.
Segment performance
Operating income increased 31% and operating earnings per share increased 18% from a year ago, generating an operating return on average tangible common equity of 12.8%. Wealth assets increased to a record high of $10.3 billion, including $9.8 billion in assets under management. Net interest income was $244.7 million or $250.8 million on an FTE basis, increasing 3%. Non-interest income was $43.6 million, a decrease of $2.5 million compared to the fourth quarter. Non-interest expense was $198.6 million, an increase of $9.2 million compared to the fourth quarter. Deposits finished the quarter at $25.1 billion, down $366 million. Total loans declined modestly from year end. Securities balances increased $171 million since year end. Capital position remains strong with CET1 and TCE ratios of 13.2% and 10.2% respectively. Asset quality remains excellent with net charge-offs to average total loans of 17 basis points.
Risks & headwinds
- Economic and geopolitical environment evolution could impact business. - Competitive pressure on deposits. - Uncertainty around interest rates, inflation, and broader market volatility. - Potential impact of Basel III proposal on risk-based ratios. - Elevated competition in the market affecting deposit base and other aspects.
Analyst Q&A
Q: Clarification on interest-earning asset repricing slide and wealth market competition.
A: Discussed repricing details and that new entrants in wealth market don't disturb as it's competitive.
Q: Margin impact with Fed on pause.
A: Interest rate risk neutral to NII, but concerned about lower end of NII guidance range due to loan growth and deposit pricing.
Q: Deposit side beta and competitive pressure.
A: Beta expected to be slower to come down, with incremental cost to deposits and competitive pressure from smaller and larger banks.
Q: Second quarter expense and marketing.
A: Salary and tech expenses to come down, marketing to tick up.
Q: Guidance and provision outlook.
A: Averages taking longer to catch up, provision with conservatism due to merger and macro economy.
Q: Credit details on non-performers.
A: Explained reclassification of loans and normal market activity.
Q: Deposit strategy and margin.
A: Guided 1%-2% deposit growth, core NIM expected to incrementally improve.
Q: Loan growth and deposit cost retention.
A: Record pipelines, deposit cost increase due to market and HarborOne retention