Eastern Bankshares reports Q1 operating EPS 34c, consensus 33c

Net interest income was $188.9 million for the first quarter, an increase of $9.7 million, primarily driven by net interest margin expansion. “For over 200 years, Eastern has been committed to building deep relationships with customers and communities,” said Bob Rivers, Executive Chair and Chair of the Board of Directors. “This long-standing commitment is more than a testament to stability; it’s a competitive advantage that sets us apart in the markets we serve. Our extensive local knowledge and steadfast community support continue to attract new clients and strengthen connections with existing ones. We are greater Boston’s leading local bank and remain focused on helping all people prosper in the region.”