On Jan. 28, 2026, Donald Michael Westermann, Chief Information Officer of Eastern Bankshares (NASDAQ:EBC), executed an open-market sale of 21,256 directly held shares, representing a transaction value of ~$427,500 according to the SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 21,256 Transaction value $427,458.16 Post-transaction shares (direct) 20,860 Post-transaction shares (indirect) 26,713 Post-transaction value (direct ownership) $415,739.80 T ...

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Rosato highlighted improvements in profitability and efficiency metrics, including operating return on assets of 1.30% (up 24 basis points year over year) and operating return on average tangible common equity of 13.8% (up from 11.3%). The operating efficiency ratio improved to 50.1% from more than 57% a year earlier, which management attributed to stronger earnings performance and balance sheet management.CFO David Rosato said Eastern reported fourth-quarter net income of $99.5 million, or $0.46 per dilute ...

Financial Data and Key Metrics Changes - In Q4 2025, the company reported net income of $99.5 million, or $0.46 per diluted share, with operating earnings increasing by 28% to $94.7 million [12][13] - Operating return on assets (ROA) improved to 130 basis points, up 24 basis points year-over-year, while return on average tangible common equity rose to 13.8% from 11.3% [14] - The net interest income for Q4 was $237.4 million, an increase of $37.2 million from Q3, driven by margin improvement [14][15] Business Line Data and Key Metrics Changes - Total loans grew by $1 billion, or 5.6%, for the full year, primarily due to strong commercial lending results [9] - Wealth assets reached a record high of $10.1 billion at year-end, including $9.6 billion in assets under management, driven by market appreciation and positive net flows [9][16] - Non-interest income for Q4 was $46.1 million, an increase of $4.8 million from Q3, with mortgage banking income rising due to the addition of HarborOne's operations [15][16] Market Data and Key Metrics Changes - The company ended 2025 with total deposits of $25.5 billion, an increase of $4.4 billion, or 21% from Q3, largely due to the addition of HarborOne deposits [17] - Total loans increased by $4.7 billion, or 25% linked quarter, primarily due to the addition of HarborOne loans [19] - The company anticipates loan growth for 2026 to be in the range of 3%-5% and deposit growth of 1%-2% [29] Company Strategy and Development Direction - The company is focused on organic growth and returning capital to shareholders, stating it will not pursue any acquisitions in the foreseeable future [5][10] - Strategic investments in hiring talent have been emphasized as a key driver of growth, enhancing the company's competitive position [8] - The merger with HarborOne is seen as a significant milestone, strengthening the company's presence in key markets [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capture growth opportunities in larger markets, with a healthy balance sheet and strong capital ratios [7][10] - There are no significant concerns regarding credit metrics or trends in the marketplace, with management maintaining a conservative approach to provisions [40][41] - The company expects to manage its CET1 ratio towards the median of its peers, currently targeting around 12% [11][29] Other Important Information - The company repurchased 3.1 million shares for $55.4 million in Q4, representing 26% of the total authorization announced in October [10][21] - The allowance for loan losses increased to $332 million, or 144 basis points of total loans, reflecting the initial allowance established for acquired HarborOne loans [23] - The company anticipates a non-cash expense of approximately $8 million-$9 million per quarter related to the amortization of core deposit intangibles from the HarborOne merger [28] Q&A Session Summary Question: Margin outlook and deposit growth - Management indicated that the core margin is expected to remain relatively flat in the near term as the company focuses on growing deposits [32] Question: Provision outlook and credit landscape - The provision for 2026 is expected to be $30 million-$40 million, with management not seeing any material shifts in credit metrics [39][40] Question: Non-performing loans and resolution plans - Non-performing loans were primarily driven by HarborOne, with management confident in their ability to resolve these loans without the need for a bulk portfolio sale [50][52] Question: Fee income potential from mortgage banking - The company sees potential upside in fee income from HarborOne's mortgage banking business, particularly if interest rates decline [88] Question: Capital return strategy - Management reiterated their commitment to returning capital to shareholders through buybacks and dividends, while managing the CET1 ratio down to 12% [90][78]

Eastern Bankshares (NasdaqGS:EBC) Q4 2025 Earnings call January 23, 2026 09:00 AM ET Company ParticipantsBob Rivers - Executive Chair and Chair of the Board of DirectorsDamon DelMonte - Managing DirectorDavid Rosato - CFODenis Sheahan - CEOFreddie Strickland - Director for Research DepartmentConference Call ParticipantsJanet Lee - Director and US Mid-Cap Bank AnalystLaurie Hunsicker - Senior AnalystNone - AnalystNone - AnalystNoneWelcome to the Eastern Bankshares, Inc. Q4 2025 Earnings Conference call. Curr ...

Financial Data and Key Metrics Changes - In Q4 2025, the company reported net income of $99.5 million, or $0.46 per diluted share, with operating earnings increasing by 28% to $94.7 million [11][12] - Operating return on assets (ROA) improved to 130 basis points, up 24 basis points year-over-year, while return on average tangible common equity rose to 13.8% from 11.3% [12] - The net interest income for Q4 was $237.4 million, an increase of $37.2 million from Q3, driven by margin improvement [12][13] Business Line Data and Key Metrics Changes - Total loans grew by $1 billion, or 5.6%, for the full year, primarily due to strong commercial lending results [8][17] - Wealth assets reached a record high of $10.1 billion at year-end, including $9.6 billion in assets under management, driven by market appreciation and positive net flows [8][14] - Non-interest income for Q4 was $46.1 million, an increase of $4.8 million from Q3, with mortgage banking income rising to $3 million [13][14] Market Data and Key Metrics Changes - The company is now the largest independent bank headquartered in Massachusetts with $31 billion in assets and the fourth largest deposit market share in Greater Boston [4] - Period-end deposits totaled $25.5 billion, an increase of $4.4 billion, or 21% from Q3, primarily due to the addition of HarborOne deposits [15][16] Company Strategy and Development Direction - The company is focused on organic growth and returning capital to shareholders, with no plans for acquisitions in the foreseeable future [5][6][27] - Strategic investments in hiring talent have been emphasized as a key driver of growth, enhancing the company's competitive position [7] - The company aims to manage its CET1 ratio towards the median of the KRX, currently at 12%, while continuing to return excess capital through share repurchases and dividends [10][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing growth opportunities in larger markets, expecting steady improvement in profitability metrics [6][8] - The company anticipates loan growth of 3%-5% and deposit growth of 1%-2% for 2026, with net interest income projected between $1.2 billion and $1.5 billion [25][26] - Management noted that while there are no material shifts in credit metrics, a provision expense of $30-$40 million is expected for 2026 [30][39] Other Important Information - The company repurchased 3.1 million shares for $55.4 million in Q4, representing 26% of the total authorization announced in October [9][18] - The allowance for loan losses increased to $332 million, or 144 basis points of total loans, reflecting the initial allowance for acquired HarborOne loans [21] Q&A Session Summary Question: Margin outlook and deposit growth - Management indicated that the core margin is expected to remain relatively flat in the near term, with potential expansion later in the year [28][29] Question: Provision outlook and credit landscape - The provision guidance of $30 million-$40 million is higher than the previous year, but management does not see significant concerns in credit trends [30][31] Question: Non-performing loans and resolution plans - Non-performing loans are primarily driven by HarborOne, with management confident in their resolution plans [33][34] Question: Fee income and mortgage banking business - The company expects fee income from HarborOne's mortgage business to be 8%-10% of total fee income, benefiting from potential rate drops [46]

Financial Performance Highlights - Net income for Q4 2025 was $99.5 million[5, 12] - Operating net income* for Q4 2025 was $94.7 million[5, 12] - Diluted EPS was $0.46, while diluted operating EPS* was $0.44[5] - Net Interest Margin (NIM*) was 3.61%, and the total deposit cost was 1.59%[5] - Declared dividend of $0.13 per share[6] Balance Sheet and Capital Management - Book Value (BV) per share was $18.42, and Tangible Book Value (TBV) per share* was $12.90[6] - Repurchased 3.1 million shares of common stock for $55.4 million in Q4 2025, representing 26% of the authorized share repurchase program[8] - The company's Wealth assets reached a record high of $10.1 billion, including $9.6 billion of assets under management[10] Income Statement Analysis - Net interest income increased to $237.4 million in Q4 2025 from $200.2 million in Q3 2025[12] - Noninterest income was $46.1 million in Q4 2025[12] - Noninterest expense was $189.4 million in Q4 2025[12] - Operating net income increased by $20.6 million, or 28%, compared to the linked quarter[10] Asset Quality and Loan Portfolio - Non-performing loans increased by $103.1 million to $172.3 million, representing 0.75% of total loans, primarily due to the HarborOne merger[10] - Allowance for loan losses was $332 million, or 1.44% of total loans at year-end, compared to $233 million, or 1.26% at the end of Q3 2025[10] - Period-end loans increased by $4.7 billion, or 25%, linked quarter, primarily due to the addition of HarborOne loans[59] Deposits - Period-end deposits increased by $4.4 billion, or 21%, linked quarter, primarily due to the addition of $4.3 billion of HarborOne deposits[53] - Total deposits were $24.263 billion with a total deposit cost of 1.59%[27] Commercial Real Estate (CRE) Exposure - CRE portfolio totaled $9.5 billion, representing 40% of total loans[86] - Non-performing CRE loans were $121 million, or 1.3% of total CRE loans[86] HarborOne Merger - The deal value for the HarborOne merger was $550 million[94] - Expect annual cost savings of ~$55 million, or ~40%, mostly achieved by Q2 2026[94]

Core Insights - Eastern Bankshares, Inc. (EBC) reported a revenue of $283.5 million for the quarter ended December 2025, marking a year-over-year increase of 25.6% and an EPS of $0.44 compared to $0.34 a year ago, indicating strong financial performance [1] - The revenue exceeded the Zacks Consensus Estimate of $282.41 million by 0.39%, while the EPS surpassed the consensus estimate of $0.41 by 7.32% [1] Financial Performance Metrics - The efficiency ratio (GAAP) was reported at 66.8%, higher than the average estimate of 59.2% based on three analysts [4] - The net interest margin stood at 3.6%, slightly above the average estimate of 3.5% from three analysts [4] - Total interest-earning assets averaged $26.74 billion, below the two-analyst average estimate of $27.39 billion [4] - Net interest income was $237.4 million, exceeding the average estimate of $235.79 million from three analysts [4] - Total noninterest income reached $46.1 million, surpassing the average estimate of $45.92 million from three analysts [4] - Service charges on deposit accounts were $9.9 million, below the average estimate of $12.99 million from two analysts [4] - Other income was reported at -$0.7 million, significantly lower than the average estimate of $5.03 million from two analysts [4] - Interest rate swap income was $1.4 million, exceeding the average estimate of $0.92 million from two analysts [4] - Card income reached $5.9 million, above the average estimate of $4.82 million from two analysts [4] - Investment advisory fees were reported at $18.6 million, slightly above the average estimate of $18.02 million from two analysts [4] Stock Performance - Shares of Eastern Bankshares have returned +8% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Earnings Per Share (EPS) is expected to be $0.41, marking a 20.6% year-over-year increase.Revenue projections stand at approximately $286.8 million, indicating a 25.1% increase from the previous year.The company boasts a very low debt-to-equity ratio of 0.007, showcasing minimal reliance on debt.Eastern Bankshares, Inc. (NASDAQ:EBC) is a financial services company that operates primarily in the banking sector. It provides a range of services including personal and business banking, wealth management, and in ...

Core Viewpoint - Eastern Bankshares, Inc. (EBC) is expected to report a quarterly earnings per share (EPS) of $0.41, reflecting a year-over-year increase of 20.6%, with revenues projected at $282.41 million, up 25.1% from the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 1.3% in the last 30 days, indicating a reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Financial Metrics - The consensus estimate for the Efficiency Ratio (GAAP) is 59.2%, down from 63.5% in the same quarter last year [5]. - Analysts project a Net Interest Margin of 3.5%, compared to 3.1% reported in the same quarter of the previous year [5]. - The Average Balance of Total Interest-Earning Assets is expected to reach $27.39 billion, up from $24.02 billion in the same quarter last year [6]. - Net Interest Income is forecasted to be $235.79 million, significantly higher than the $179.19 million reported a year ago [6]. Noninterest Income and Other Metrics - Total Noninterest Income is anticipated to be $45.92 million, compared to $37.35 million in the same quarter last year [7]. - Service Charges on Deposit Accounts are projected at $12.99 million, up from $8.43 million in the previous year [7]. - Investment Advisory Fees are expected to reach $18.02 million, slightly higher than the $17.96 million reported last year [8]. - Card Income is projected to be $4.82 million, compared to $3.60 million in the same quarter last year [9]. Market Performance - Shares of Eastern Bankshares have returned +3% over the past month, outperforming the Zacks S&P 500 composite's +2% change, with a Zacks Rank of 3 (Hold), indicating expected performance in line with the overall market [9].