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Eastern Bankshares, Inc. (EBC)
NASDAQ:EBC
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook driven by strong operating performance (record wealth AUM, significant operating earnings growth, improved ROA/ROTE, margin expansion and organic loan growth), successful progress on the HarborOne acquisition and an aggressive capital return program. Headwinds include merger-related costs, an acquisition-driven uptick in nonperforming and criticized loans, elevated short-term expense and deposit cost pressure, and some mark-to-market unrealized losses. Management provided clear 2026 guidance and emphasized focus on organic growth, buybacks and managing capital toward targeted levels.Company Guidance
Strong Full-Year Operating Earnings Growth
Management highlighted a 62% increase in operating earnings for 2025 (company statement) and Q4 operating earnings of $94.7 million, which increased 28% linked-quarter; operating EPS was $0.44, up 19% linked-quarter.
Record Wealth Assets Under Management
Wealth assets reached a record $10.1 billion at year-end, including $9.6 billion AUM, driven by market appreciation and positive net flows (about $200 million of net flows in Q4). Wealth fees were $18.6 million in Q4 and wealth fees represented 40% of operating noninterest income.
Improved Profitability Metrics
Operating ROA was 130 basis points in Q4 (up 24 bps year-over-year) and operating return on average tangible common equity was 13.8% (up from 11.3% year-over-year).
Efficiency and Margin Improvement
Operating efficiency ratio improved to 50.1% from over 57% in the prior year quarter. Net interest income was $237.4 million ($243.4M FTE), up $37.2 million from Q3, and reported margin was 3.61%, up 14 bps from 3.47%.
Organic Loan Growth and Commercial Origination
On a stand-alone basis (excluding HarborOne), total loans grew $1.0 billion for the full year or 5.6%. Legacy Eastern commercial portfolio increased ~6% year-over-year. The bank originated $2.5 billion of commercial loans in 2025 (~50% C&I, ~50% CRE).
Successful HarborOne Integration Progress and Accretion Tailwinds
HarborOne merger (closed Nov 1) added scale ($4.5 billion loans, $4.3 billion deposits in Q4). Management projects loan discount accretion from HarborOne will add approximately $12–$13 million of net interest income per quarter for the next year, plus ~$9–$10 million per quarter from prior acquisitions.
Capital Returns and Dividend Increase
Q4 repurchases: 3.1 million shares for $55.4 million (26% of authorization) at an average $17.79; additional 635,000 shares repurchased to start 2026 for $12.3 million. Board approved a $0.13 Q1 dividend. Management plans to continue aggressive share repurchases while managing CET1 toward ~12%.
Solid Capital and Liquidity Position
CET1 ratio was 13.2% and TCE ratio 10.4% at year-end. Management estimates CET1 could decline to ~12.7% by June 30 if remaining repurchase authorization is executed and plans to manage toward the KRX median (~12%).
Asset Quality Metrics Remain Manageable
Net charge-offs to average total loans were 18 basis points. Allowance for loan losses rose to $332 million (144 bps of total loans) reflecting acquired loan allowances; management emphasizes strong reserve coverage and active workout plans.
2026 Financial Guidance Provided
Management provided 2026 guidance: loan growth 3–5%, deposit growth 1–2%, net interest income $1.20–$1.50 billion, FTE margin 3.65–3.75%, operating noninterest income $190–$200 million, operating noninterest expense $655–$675 million, and operating tax rate ~23%.
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 |
|---|---|---|---|
Jan 22, 2026 | $20.36 | $20.05 | -1.52% |
Oct 23, 2025 | $18.23 | $17.54 | -3.81% |
Jun 30, 2025 | $15.05 | $15.43 | +2.55% |
Apr 24, 2025 | $15.42 | $14.43 | -6.46% |
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, Inc. (EBC) report earnings?
Eastern Bankshares, Inc. (EBC) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Eastern Bankshares, Inc. (EBC) earnings time?
Eastern Bankshares, Inc. (EBC) earnings time is at Apr 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 (Q1) is 0.45.