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Eastern Bankshares (EBC)
NASDAQ:EBC
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -6.40%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call provided a mix of positive and negative developments. The company announced a significant merger, which is expected to enhance shareholder value and expand market presence. However, they also reported a GAAP net loss and challenges due to economic uncertainty. Despite these setbacks, improvements in net interest margin and operating efficiency indicate a positive trend in financial performance.Company Guidance
During Eastern Bankshares, Inc.'s first-quarter 2025 earnings call, the company reported strong financial performance with operating earnings of $67.5 million and a 33 basis point expansion in the net interest margin. The operating efficiency ratio improved to 53.7%, and the operating return on average tangible common equity increased to 11.7%. The company announced a merger with HarborOne Bancorp, resulting in a combined $30+ billion bank. Key financial highlights included a GAAP net loss of $1.08 per diluted share due to a strategic repositioning of $1.3 billion in securities, expected to be $0.13 accretive to 2025 operating EPS. The merger is projected to provide 16% EPS accretion with a tangible book value earn-back period of 2.8 years, targeting enhanced profitability with a projected 2026 operating ROA of 140 basis points and a return on tangible common equity of 15.5%. The merger is expected to generate $55 million in cost savings and result in a pro forma balance sheet with robust capital and liquidity.Successful Merger Announcement
Eastern Bankshares announced a definitive merger agreement with HarborOne Bancorp, expanding its presence in Greater Boston and Rhode Island, creating a $30+ billion bank.
Shareholder Value Enhancement
Repurchased $48.7 million worth of shares and announced an 8% increase in the quarterly dividend.
Net Interest Margin Expansion
Net interest margin expanded by 33 basis points linked quarter, contributing to improved profitability metrics.
Improved Operating Efficiency
Operating efficiency ratio improved to 53.7% due to higher revenues and lower expenses.
Wealth Management Growth
Assets under management increased to $8.4 billion driven by net client flows.
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 24, 2025 | $15.79 | $14.77 | -6.46% |
Jan 23, 2025 | $17.48 | $17.73 | +1.43% |
Oct 24, 2024 | $16.50 | $15.71 | -4.79% |
Jul 25, 2024 | $16.00 | $16.55 | +3.44% |
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 24, 2025, TBA Not Confirmed.
What is Eastern Bankshares (EBC) earnings time?
Eastern Bankshares (EBC) earnings time is at Jul 24, 2025, TBA Not 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 2025 (Q2) is 0.38.