Eastern Bankshares, Inc. Reports Fourth Quarter 2024 Net Income of $60.8 Million, or $0.30 per Diluted Share
Eastern Bankshares, Inc. (EBC)
Company Research
Source: Business Wire
~ Company Announces 2025 Investment Portfolio Repositioning ~Operating net income* of $68.3 million, or $0.34 per diluted share.$1.2 billion investment portfolio repositioning in Q1 2025 anticipated to add approximately $0.13 to 2025 operating EPS.Net interest margin on a fully tax equivalent basis* expanded 8 basis points to 3.05%, primarily due to lower cost of funds.Annualized net charge-offs of 0.71% of average total loans primarily driven by purchased credit deteriorated loans acquired from Cambridge Trust.Strong balance sheet with robust capital and reserve levels. Year-end CET1 ratio of 15.73%(1) and allowance coverage of total loans of 1.29%. BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”) (NASDAQ: EBC), the holding company of Eastern Bank, today announced its fourth quarter 2024 financial results.FINANCIAL HIGHLIGHTS As of and for three months ended Linked quarter Change(Unaudited, $ in millions, except per share data)Dec 31, 2024Sep 30, 2024 ? $? %Earnin
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EBC
News
- Eastern Bank Named #1 SBA Lender in Massachusetts for the 17th Year in a RowBusiness Wire
- Eastern Bankshares (NASDAQ:EBC) had its "outperform" rating reaffirmed by analysts at Keefe, Bruyette & Woods.MarketBeat
- Eastern Bank Announces The Sourcing Group As A Commercial Banking CustomerBusiness Wire
- Eastern Bankshares (NASDAQ:EBC) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Robin Moses Joins Eastern Bank As Senior Vice President, Team Leader For Commercial & Industrial Banking In Rhode IslandBusiness Wire
EBC
Earnings
- 10/23/25 - Miss
EBC
Analyst Actions
- 12/5/25 - Keefe, Bruyette & Woods
EBC
Sec Filings
- 12/9/25 - Form 4
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- EBC's page on the SEC website