Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Eastern Bankshares ( (EBC) ) just unveiled an announcement.
Eastern Bankshares reported first-quarter 2026 results on April 23, 2026, posting net income of $65.3 million, or $0.29 per diluted share, including merger-related costs, and operating net income of $88.6 million, or $0.40 per diluted share. The quarter reflected a full-period contribution from the November 1, 2025 HarborOne merger, with net interest income rising to $244.7 million, net interest margin edging up to 3.63% on a fully tax-equivalent basis and wealth assets reaching a record $10.3 billion.
Return on average assets was 0.86%, or 1.17% on an operating basis, while return on average tangible common equity reached 9.8% and 12.8% on an operating basis, indicating solid profitability despite seasonal trends and modest declines in period-end loans and deposits. Asset quality improved, with non-performing loans falling to $137.7 million, or 0.60% of total loans, and the company continued capital return to shareholders by repurchasing 3.9 million shares for $75.1 million and approving a 15% increase in its quarterly cash dividend to $0.15 per share, payable June 22, 2026 to shareholders of record on June 5, 2026.
The most recent analyst rating on (EBC) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Eastern Bankshares stock, see the EBC Stock Forecast page.
Spark’s Take on EBC Stock
According to Spark, TipRanks’ AI Analyst, EBC is a Neutral.
The score is primarily held back by weak 2025 cash flow conversion and compressed profitability despite a strong, conservatively leveraged balance sheet. Near-term technicals are soft (below key short-term averages with weak momentum), and valuation is demanding due to the high P/E. Offsetting these are positive 2026 guidance and an aggressive capital return plan, tempered by acquisition-related credit and expense risks.
To see Spark’s full report on EBC stock, click here.
More about Eastern Bankshares
Eastern Bankshares, Inc., headquartered in Boston and listed on NASDAQ as EBC, is the holding company for Eastern Bank, operating in the banking and financial services industry. The company focuses on commercial and consumer lending, deposit services and wealth management, where it manages a growing base of client assets, including $9.8 billion in assets under management as of March 31, 2026.
Average Trading Volume: 2,117,929
Technical Sentiment Signal: Buy
Current Market Cap: $4.77B
Find detailed analytics on EBC stock on TipRanks’ Stock Analysis page.