Strong Earnings Growth
Operating earnings increased by 44% year-over-year to $74.1 million, with an operating return on assets of 1.16% up 34 basis points from the prior year quarter.
Successful Merger Approval
Regulatory approvals received for the merger with HarborOne, set to close on November 1, expanding Eastern's branch footprint into Rhode Island.
Wealth Management Record
Assets under management reached a record high of $9.2 billion, driven by market appreciation and modest positive net flows.
Share Buyback Program Resumed
Resumption of the share buyback program, with a new 5% share repurchase program authorized.
Stable Deposit Base
Period-end deposits totaled $21.1 billion with nearly half in checking accounts, maintaining a stable and low-cost funding base.