Eastern Bankshares (NASDAQ:EBC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Eastern Bankshares (NASDAQ:EBC) posted its quarterly earnings results on Thursday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02, Zacks reports. The company had revenue of $311.70 million for the quarter, compared to analysts’ expectations of $310.60 million. Eastern Bankshares had a net margin of 24.04% and a return on equity of 9.31%.

Eastern Bankshares Price Performance

EBC traded up $0.29 during trading on Friday, reaching $22.40. 2,967,500 shares of the company were exchanged, compared to its average volume of 2,367,206. Eastern Bankshares has a 12-month low of $16.61 and a 12-month high of $23.77. The company’s 50-day moving average is $21.73 and its two-hundred day moving average is $21.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 12.87 and a beta of 0.70.

Eastern Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Monday, December 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Eastern Bankshares’s dividend payout ratio is 34.09%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EBC shares. Keefe, Bruyette & Woods increased their price objective on Eastern Bankshares from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Barclays boosted their target price on Eastern Bankshares from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, October 5th. DA Davidson upped their price target on Eastern Bankshares from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Seaport Research Partners reiterated a “buy” rating and set a $27.00 price target on shares of Eastern Bankshares in a research note on Monday, July 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $26.00 price target (up from $24.00) on shares of Eastern Bankshares in a research note on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.86.

Key Eastern Bankshares News

Here are the key news stories impacting Eastern Bankshares this week:

• Positive Sentiment: Q3 earnings exceeded expectations. Eastern Bankshares reported adjusted earnings of $0.51 per share, up from $0.37 a year earlier and $0.02 above the $0.49 analyst consensus. Reported revenue was $311.7 million versus expectations of $310.6 million. Eastern Bankshares Q3 Earnings Beat Estimates
• Positive Sentiment: Dividend maintained. The bank declared a quarterly cash dividend of $0.15 per share, payable December 21 to shareholders of record December 7. The $0.60 annualized payout equates to a reported yield of approximately 2.7%, supporting the stock’s income appeal. Eastern Bankshares Declares Quarterly Cash Dividend
• Neutral Sentiment: Management commentary may shape the next move. The Q3 earnings call transcript provides additional details on loan growth, margins, credit quality and the company’s outlook, but the available headline does not identify a specific new catalyst. Eastern Bankshares Q3 2026 Earnings Call Transcript
• Negative Sentiment: Credit-loss data remains a potential risk. Eastern Bankshares reported net loans charged off during the quarter ended September 30. Without the charge-off amount or comparison with prior periods in the headline, investors may view the disclosure as a reason to monitor asset quality and future provisioning. Eastern Bankshares Reports Net Loans Charged Off

Insider Transactions at Eastern Bankshares

In other Eastern Bankshares news, Director Joseph F. Casey sold 1,778 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $22.69, for a total value of $40,342.82. Following the completion of the transaction, the director directly owned 60,301 shares of the company’s stock, valued at $1,368,229.69. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald Westermann sold 23,005 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $21.43, for a total transaction of $492,997.15. Following the transaction, the insider owned 22,565 shares of the company’s stock, valued at $483,567.95. This trade represents a 50.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 65,190 shares of company stock worth $1,452,900. Insiders own 1.26% of the company’s stock.

About Eastern Bankshares

Eastern Bankshares, Inc (NASDAQ:EBC) is the holding company for Eastern Bank, a full-service commercial bank headquartered in Boston, Massachusetts. Founded in 1818, Eastern Bank is one of the oldest and largest mutual banks in the United States to have converted to public ownership.

Eastern Bank provides a range of personal and business banking products, including checking and savings accounts, residential and commercial real estate loans, consumer lending, commercial loans, cash-management services and online banking.