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].

Eastern Bankshares, Inc. (EBC) closed the last trading session at $14.78, gaining 0.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $19.25 indicates a 30.2% upside potential.The average comprises four short-term price targets ranging from a low of $16 to a high of $23, with a standard deviation of $2.99. While the lowest estimate indicates an increase of 8.3% from the current pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number 001-39610 ___________________________ Eastern Bankshares, Inc. _____________________________________________ FORM 10-Q _____________________________________________ (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Registrant ...

Shares of Eastern Bankshares, Inc. (EBC) have gained 0.2% over the past four weeks to close the last trading session at $14.95, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $19.25 indicates a potential upside of 28.8%.The mean estimate comprises four short-term price targets with a standard deviation of $2.99. While the lowest estimate of $16 indicates a 7% increase from the ...

Investors might want to bet on Eastern Bankshares, Inc. (EBC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.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.Individual invest ...

Core Viewpoint - The update focuses on Eastern Bankshares (NASDAQ: EBC) following its first quarter results, emphasizing a long-term, buy-and-hold investment strategy aimed at stocks that can consistently deliver high-quality earnings [1]. Company Summary - Eastern Bankshares is a Boston-based bank that has been analyzed after a seven-month interval since the last report [1]. - The investment approach is biased towards dividend and income stocks, indicating a preference for companies that provide sustainable earnings [1]. Industry Context - The analysis reflects a broader trend within the banking industry, suggesting that the performance of Eastern Bankshares is in line with industry movements [1].

Q1 Earnings Presentation April 24, 2025 Q1 2025 financial highlights Key Metrics Highlights $(217.7) million Net loss $67.5 million Operating net income* | $(1.08) | $0.34 | | --- | --- | | Diluted EPS | Diluted operating EPS* | | 3.38% | 1.48% | | NIM* | Total deposit cost | | 0.51% | 0.26% | | NPLs / total loans | NCOs / avg. loans | | $0.13 per share | | Dividend declared $16.94 $12.01 BV/Share TBV/Share* *Non-GAAP Financial Measure. Please refer to Appendices A-D for applicable reconciliation. 1CET1 rat ...

Eastern Bankshares (EBC) Q1 2025 Earnings Call April 25, 2025 07:38 PM ET Company Participants Robert Rivers - Executive Chairman & Chairman of Board of DirectorsDenis Sheahan - CEODavid Rosato - CFO & TreasurerDamon Delmonte - Managing DirectorMark Fitzgibbon - Head of FSG Research Conference Call Participants Laurie Hunsicker - Senior Analyst Robert Rivers Thanks, Chloe. Operator Welcome to the Eastern Bancshares Inc. First Quarter twenty twenty five Earnings and Announced Merger with Harbor One Corp. Con ...

Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by HarborOne Bancorp, Inc. related to its proposed acquisition by Eastern Bankshares, Inc. [1] Summary by Relevant Sections Acquisition Details - HarborOne Bancorp, Inc. is set to be acquired by Eastern Bankshares, Inc. Stockholders will receive either $12.00 in cash or 0.765 shares of Eastern Bankshares common stock for each share of HarborOne Bancorp they hold [1] - The total value of the transaction is approximately $490 million, with an expected closing date in the fourth quarter of 2025 [1] Legal Investigation - Rowley Law PLLC is conducting an investigation into the acquisition process to determine if there have been any violations of securities laws by HarborOne Bancorp and its board of directors [1]

Core Insights - Eastern Bankshares, Inc. (EBC) reported a revenue of $222.4 million for the quarter ended March 2025, reflecting a year-over-year increase of 41.1% [1] - The earnings per share (EPS) for the quarter was $0.34, up from $0.23 in the same quarter last year, with an EPS surprise of +3.03% compared to the consensus estimate of $0.33 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $228.01 million, resulting in a revenue surprise of -2.46% [1] Financial Performance Metrics - Net Interest Margin stood at 3.4%, exceeding the four-analyst average estimate of 3.3% [4] - Average balance of total interest-earning assets was $23.24 billion, lower than the $23.97 billion average estimate [4] - The efficiency ratio (GAAP) was reported at -275.6%, significantly worse than the average estimate of 58.6% [4] - Total non-performing assets were $91.60 million, compared to the estimated $154.96 million [4] - Net Interest Income was $188.90 million, below the average estimate of $193.81 million [4] - Debit card processing fees reached $3.90 million, surpassing the average estimate of $3.64 million [4] - Trust and investment advisory fees were reported at $16.40 million, higher than the average estimate of $15.59 million [4] - Total Noninterest Income was $33.50 million, slightly below the average estimate of $34.31 million [4] Stock Performance - Shares of Eastern Bankshares have returned -7.6% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]