Eastern Bankshares (EBC)
NASDAQ:EBC
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.46Last Year’s EPS
0.41Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a net positive outlook: strong year‑over‑year operating performance, record wealth assets and net flows, a record commercial loan pipeline, successful completion of the Harbor One core conversion, and active capital returns (buybacks and a 15% dividend increase). Offsetting items include quarter‑to‑quarter earnings and accretion variability, seasonal expense pressures, deposit competition raising funding costs, higher unrealized securities losses, and a conservative stance on provisions and NII guidance due to integration and macro uncertainty. On balance, the company’s operational momentum, asset quality and capital actions outweigh near‑term noise and risks.Company Guidance
Strong Year‑Over‑Year Operating Performance
Operating income increased 31% year‑over‑year and operating earnings per share rose 18% year‑over‑year, producing operating ROATCE of 12.8% and operating ROA of 1.17% (117 bps), both improved from the prior year.
Wealth Management Momentum and Record AUM
Wealth assets reached a record $10.3 billion (AUM $9.8 billion) with positive net flows approaching $400 million in the quarter; wealth fees increased nearly 12% year‑over‑year despite weaker equity market performance.
Record Commercial Loan Pipeline
Commercial loan pipeline ended the quarter at a record ~ $800 million, with C&I balances up $49 million (1.1%) since year‑end, supporting confidence in near‑term origination activity and loan growth.
Completed Harbor One Core System Conversion
Successfully completed the Harbor One merger core system conversion in February; merger one‑time charges largely complete with ~$2 million remaining in Q2 and total expected one‑time costs of $67 million; on track to capture targeted cost savings.
Capital Returns to Shareholders
Repurchased 3.9 million shares for $75.1 million in Q1 (59% of the authorization at quarter end) and repurchased an additional 740,000 shares ($14.4 million) in Q2‑to‑date (65% complete); announced a 15% dividend increase (sixth consecutive year).
Net Interest Income and Margin Improvement (Core)
Net interest income was $244.7 million ($250.8 million FTE), up 3% linked quarter (approximately +5% excluding $3.1 million lower accretion); net interest margin expanded 2 bps to 3.63% (≈+8 bps excluding accretion volatility).
Strong Asset Quality
Net charge‑offs were 17 basis points; nonperforming loans improved nearly $35 million linked quarter to $138 million (≈60 bps of loans); allowance for loan losses of $37.9 million (~143 bps) and criticized/classified loans remained modest at $801 million (5.1%).
Solid Capital Ratios and Balance Sheet Positioning
CET1 ratio of 13.2% and TCE of 10.2%; management expects to manage CET1 toward KRX median (~12%) and highlighted potential ~1% uplift to risk‑based ratios if Basel III proposal is adopted, supporting future buybacks.
EBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $20.51 | $19.90 | -2.97% |
Jan 22, 2026 | $20.22 | $19.91 | -1.52% |
Oct 23, 2025 | $18.11 | $17.42 | -3.82% |
Jun 30, 2025 | $14.95 | $15.33 | +2.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Eastern Bankshares (EBC) report earnings?
Eastern Bankshares (EBC) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Eastern Bankshares (EBC) earnings time?
Eastern Bankshares (EBC) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EBC EPS forecast?
EBC EPS forecast for the fiscal quarter 2026 (Q2) is 0.46.