Core Viewpoint - Eastern Bankshares, Inc. (NASDAQ: EBC) has experienced mixed performance in recent months, despite a broader market rally that has positively impacted its share price [1]. Company Performance - The shares of Eastern Bankshares have been lifted by the broader market rally, indicating a potential for growth [1]. Investment Strategy - The investment approach favored is a long-term, buy-and-hold strategy, particularly focusing on stocks that can consistently deliver high-quality earnings, often found in the dividend and income sectors [1].

Eastern Bankshares, Inc. (EBC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a cha ...

Covenant Logistics Group, Inc. (CVLG) Q2 2025 Earnings Call July 25, 2025 9:00 AM ET Company Participants Denis K. Sheahan - CEO & Director R. David Rosato - CFO & Treasurer Robert Francis Rivers - Executive Chairman of the Board Conference Call Participants Damon Paul DelMonte - Keefe, Bruyette, & Woods, Inc., Research Division Laura Katherine Havener Hunsicker - Seaport Research Partners Mark Thomas Fitzgibbon - Piper Sandler & Co., Research Division Operator Welcome to the Eastern Bankshares, Inc. Second ...

Financial Data and Key Metrics Changes - Operating earnings for the second quarter were $81.7 million, a 21% increase from the first quarter [6] - Net income was reported at $100.2 million or $0.50 per diluted share, with operating earnings of $0.41 per diluted share, reflecting a 21% increase linked quarter and a 78% increase year-over-year [11] - Total assets reached $25.5 billion, up 2% from March 31 [8] - Tangible book value per share increased 4% to $12.53 [8] - Operating return on average assets rose 21 basis points to 1.3%, while operating return on average tangible equity increased from 11.7% to 13.6% [7] Business Line Data and Key Metrics Changes - Robust loan growth of 8% annualized this quarter, with commercial loan pipelines steady at approximately $500 million [8][9] - Wealth management assets under management reached a record high of $8.7 billion, with fees of $17.3 million up $800,000 linked quarter [15] - Non-interest income was $42.9 million, compared to a non-interest loss of $236.1 million in Q1 [14] Market Data and Key Metrics Changes - Deposits totaled $21.2 billion, an increase of $424 million from the prior quarter, with 8% annualized growth [17] - Nonperforming loans decreased to $54.7 million or 30 basis points of total loans, improving the coverage ratio to 424% from 245% at the end of Q1 [21][22] Company Strategy and Development Direction - The company is focused on organic growth and strategic investments in talent, particularly in commercial lending [8][19] - Plans to consolidate 13 branch locations following the merger with Harbor One, with integration planning well underway [29][30] - The company is raising its full-year loan growth outlook to 3% to 5% and expects a favorable mix shift from CDs to money markets [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of customers despite economic uncertainties and highlighted the importance of proactive risk management [9][10] - The company remains cautious in its outlook but is optimistic about the ongoing positive trends in credit quality and profitability metrics [10][21] Other Important Information - The company repurchased $3 million worth of shares at an average price of $16.36 prior to the merger announcement [20] - A dividend of $0.13 is set to be paid in September [20] Q&A Session Summary Question: Will there be more securities portfolio restructurings in the coming quarters? - Management indicated that while there is potential for further restructuring, it is currently on the back burner due to the merger [34][35] Question: What drove the significant drop in nonperforming loans this quarter? - The drop was attributed to the resolution of five credits by the managed asset group, rather than loan sales [36] Question: Are there plans to expand into new markets following the Harbor One deal? - Management is open to expanding in Rhode Island but currently has no plans to extend banking services into Connecticut or New York [38][39] Question: What drove the strong growth in commercial and industrial lending? - Growth was driven by increased customer confidence and the addition of talent in the commercial lending division [44][45] Question: What is the outlook for the margin in the second half of the year? - The margin is expected to be relatively flat, influenced by core deposit growth and competitive market conditions [49][50] Question: Can you provide guidance on Rabbi Trust income? - Rabbi Trust income is influenced by equity market performance, and while it can have an impact, it is not expected to be a significant needle mover [54][55] Question: What is the company's appetite for expansion into New Hampshire or Maine? - The company already has a presence in New Hampshire and is looking to grow there, but has no current plans for expansion into Maine [72][73]

Financial Data and Key Metrics Changes - Operating earnings for Q2 2025 were $81.7 million, a 21% increase from Q1 2025 [7] - Net income was $100.2 million or $0.50 per diluted share, with operating earnings of $0.41 per diluted share, reflecting a 21% increase linked quarter and a 78% increase year-over-year [12][28] - Total assets reached $25.5 billion, up 2% from March 31 [8] - Tangible book value per share increased 4% to $12.53 [8] - Operating return on average assets rose 21 basis points to 1.3%, and return on average tangible equity increased from 11.7% to 13.6% [8][13] Business Line Data and Key Metrics Changes - Robust loan growth of 8% annualized this quarter, with commercial loan pipelines steady at approximately $500 million [8][9] - Noninterest income was $42.9 million, compared to a noninterest loss of $236.1 million in Q1 2025 [15] - Wealth management assets under management reached a record high of $8.7 billion, with fees of $17.3 million, up $800,000 linked quarter [16] Market Data and Key Metrics Changes - Deposits totaled $21.2 billion, an increase of $424 million from the prior quarter, with 8% annualized growth [20] - Nonperforming loans decreased to $54.7 million or 30 basis points of total loans, improving from the previous quarter [23][24] Company Strategy and Development Direction - The company is focused on organic growth and strategic investments in talent, particularly in commercial lending [8][44] - Plans to consolidate 13 branch locations following the merger with Harbor One, with integration planning well underway [30][31] - The company raised its full-year loan growth outlook to 3% to 5%, reflecting strong results through the first half of the year [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of customers despite economic uncertainties and highlighted the importance of proactive risk management [10][11] - The company remains cautious in its outlook but is optimistic about the ongoing positive trends in credit quality and profitability metrics [11][23] - The competitive market for deposits has heated up, impacting margin expectations for the second half of the year [50] Other Important Information - The company repurchased $3 million worth of shares at an average price of $16.36 prior to the merger announcement [22] - A dividend of $0.13 is set to be paid in September [22] Q&A Session Summary Question: Will there be more securities portfolio restructurings in the coming quarters? - Management indicated that while there is potential for another restructuring, it is currently on the back burner due to the merger [35] Question: What drove the significant drop in nonperforming loans this quarter? - The drop was attributed to the resolution of five credits rather than loan sales [37] Question: Are there plans to expand into new markets following the Harbor One deal? - Management is open to expanding in Rhode Island but has no current plans to enter Connecticut or New York [39][40] Question: What drove the strong growth in commercial and industrial loans? - Growth was driven by increased customer confidence and the addition of talent in the commercial lending division [44] Question: What is the outlook for the margin in the second half of the year? - Management expects the margin to be relatively flat, influenced by core deposit growth and competitive market conditions [50] Question: Can you provide guidance on Rabbi Trust income? - Rabbi Trust income is influenced by equity market performance, and while it can have an impact, it is not expected to be a significant factor moving forward [54]

Q2 Earnings Presentation July 24, 2025 Q2 2025 financial highlights Key Metrics Highlights $100.2 million Net income *Non-GAAP Financial Measure. 1CET1 ratio as of June 30, 2025 is preliminary. 2 DO NOT REFRESH Complementary Color Palette 000 / 000 / 051 Body text 074 / 075 / 076 $81.7 million Operating net income* | $0.50 | $0.41 | | --- | --- | | Diluted EPS | Diluted operating EPS* | | 3.59% | 1.48% | | NIM* | Total deposit cost | | 0.30% | 0.00% | | NPLs / total loans | NCOs / avg. loans | | $0.13 per s ...

Core Insights - Eastern Bankshares, Inc. (EBC) reported a revenue of $244.9 million for the quarter ended June 2025, marking a year-over-year increase of 59% and exceeding the Zacks Consensus Estimate by 2.71% [1] - The earnings per share (EPS) for the same period was $0.41, compared to $0.22 a year ago, resulting in an EPS surprise of 7.89% over the consensus estimate of $0.38 [1] Financial Performance Metrics - The efficiency ratio (GAAP) was reported at 55.9%, better than the estimated 56.4% [4] - The net interest margin stood at 3.6%, slightly above the estimated 3.5% [4] - Total interest-earning assets averaged $23.14 billion, below the estimated $23.39 billion [4] - Total non-performing assets were $54.7 million, significantly lower than the estimated $131.91 million [4] - Total non-performing loans matched the non-performing assets at $54.7 million, again below the average estimate of $131.91 million [4] - Total noninterest income was $42.9 million, exceeding the estimated $34.58 million [4] - Net interest income was reported at $202 million, slightly above the average estimate of $200.91 million [4] - Interest rate swap income was $1 million, surpassing the estimated $0.51 million [4] - Card income reached $4.2 million, above the estimated $4 million [4] - Investment advisory fees totaled $17.3 million, exceeding the estimated $16.51 million [4] - Service charges on deposit accounts were $8.2 million, slightly below the estimated $8.32 million [4] Stock Performance - Shares of Eastern Bankshares have returned +9.2% over the past month, outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.89%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.34, delivering a surprise of +3.03%.Over the last four quarters, the ...

Exhibit 99.1 Eastern Bankshares, Inc. Reports Second Quarter 2025 Financial Results Strong Performance Reflects Focus on Growth and Profitability BOSTON, July 24, 2025 — Eastern Bankshares, Inc. (the "Company") (NASDAQ: EBC), the holding company of Eastern Bank, today announced its second quarter 2025 financial results. FINANCIAL HIGHLIGHTS | | | Jun 30, 2025 | As of and for three months ended | Mar 31, 2025 | | Linked quarter Change △ $ | △ % | | --- | --- | --- | --- | --- | --- | --- | --- | | (Unaudited ...

Core Viewpoint - Eastern Bankshares, Inc. (EBC) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4][6]. Company Performance Indicators - For the fiscal year ending December 2025, Eastern Bankshares is expected to earn $1.52 per share, representing a 43.4% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Eastern Bankshares has increased by 2.4%, indicating positive sentiment among analysts [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Eastern Bankshares to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term [10].