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]

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.03%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.34, delivering a surprise of 13.33%.Over the last four quarters, the c ...

Exhibit 99.1 Eastern Bankshares, Inc. Reports First Quarter 2025 Financial Results Completed $1.3 Billion Investment Portfolio Repositioning Announces 8% Increase to Quarterly Dividend BOSTON, April 24, 2025 — Eastern Bankshares, Inc. (the "Company") (NASDAQ: EBC), the holding company of Eastern Bank, today announced its first quarter 2025 financial results. Denis Sheahan, Chief Executive Officer, added, "Our first quarter performance marked a solid start to the year. Operating income of $67.5 million gener ...

Analysts on Wall Street project that Eastern Bankshares, Inc. (EBC) will announce quarterly earnings of $0.33 per share in its forthcoming report, representing an increase of 43.5% year over year. Revenues are projected to reach $228.01 million, increasing 44.7% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. ...

Risks and Challenges - The company faces various risks including credit risk, market risk, and operational risk, which could adversely affect its financial condition and results of operations [176]. - The company may not realize the expected benefits from the Cambridge acquisition due to integration challenges, which could negatively impact financial results [182]. - Regulatory approvals for acquisitions may take longer than expected or impose burdensome conditions, potentially delaying or preventing completion [189]. - The company may face challenges in retaining key employees during the integration of acquired businesses, which could disrupt operations [187]. - The company is subject to extensive state and federal regulations that may limit its activities and impose financial requirements [184]. - The company faces significant competition from various financial institutions, including fintechs and internet banks, which may have lower operational costs [216]. - The company faces challenges in attracting and retaining skilled personnel, which is critical for executing its strategic plan [223]. - The company may experience higher rates of default in its commercial loan portfolio due to economic stress and changing market conditions [227]. - The company is subject to significant legal risks, including regulatory investigations and private actions, which could materially affect its business and financial condition [238]. - The company may face costly litigation due to potential infringement of third-party intellectual property rights, which could divert management's attention and resources [260]. Financial Performance and Condition - Increases in interest rates have already had a material adverse effect on net interest income and may continue to do so, affecting loan delinquency rates [182]. - The fair value of the company's investments has declined due to rising interest rates, impacting shareholders' equity and tangible book value per share [184]. - The company incurs significant non-recurring costs related to acquisitions, which may not be offset by the expected benefits from integration [188]. - The company anticipates that future acquisitions may involve significant premiums over book values, potentially diluting tangible book value and net income per share [194]. - The fair value of Eastern Bank's investment portfolio has declined due to increases in interest rates in 2022 and 2023, impacting shareholders' equity [225]. - The fair value of the company's available-for-sale investment portfolio has declined, resulting in a net unrealized loss position, which may lead to recognized losses in future operating results [245]. - The company has approximately $222.7 million invested in projects generating tax credits, with $17.0 million in credits recorded for the year ended December 31, 2024 [256]. - The company faces increased funding costs due to a decline in deposits, which began in 2022, potentially leading to reliance on more expensive funding sources [241]. - The company’s liquidity management includes various funding sources, and adverse operating results could constrain financial flexibility [242]. - Changes in management's estimates and assumptions could materially impact the company's consolidated financial statements and financial condition [253]. Market and Economic Conditions - Higher interest rates are associated with a lower volume of loan originations and refinancings, impacting the ability to generate gains on sales of mortgage loans [198]. - A decline in local economic conditions could lead to higher loan and lease losses, adversely affecting net income [206]. - Economic conditions, including weakness in the U.S. economy, could adversely affect the credit quality of loans, leading to increased loan delinquencies and defaults [261]. - Economic downturns could decrease the level of assets under management, negatively affecting investment management revenue [266]. - Climate change and natural disasters could disrupt operations and negatively impact the value of collateral for loans, affecting financial results [267]. - The prevalence of remote and hybrid working arrangements may reduce demand for office space, adversely impacting loan demand and collateral values [276]. Regulatory and Compliance Issues - The company is subject to stringent capital requirements and may need to raise additional capital in the future [235]. - Regulatory compliance costs may increase due to changes in laws and regulations, potentially affecting profitability and operational results [292]. - The company may face fines or sanctions for non-compliance with the USA PATRIOT Act and Bank Secrecy Act, which could restrict business operations [285]. - The company is subject to various privacy and data protection laws, which may impose additional compliance costs and impact operational results [289]. - Changes in accounting standards may materially impact how the company records and reports its financial condition and results of operations, potentially requiring costly technology changes [263]. - Changes in the legal and regulatory framework may require updates to information systems, complicating compliance and operational efficiency [282]. Strategic Initiatives and Market Position - The company aims to expand its profitable loan and deposit market share through both organic growth and opportunistic strategic transactions [220]. - The competitive landscape is intensifying with the rise of fintechs and technology companies offering banking-like products and services [218]. - Market changes, including a shift towards online and mobile banking, may reduce demand for traditional branch services, impacting revenue [265]. - Changes in public policy priorities, particularly regarding digital assets, could impact customer engagement with traditional banking systems [297]. Corporate Governance and Shareholder Matters - Provisions in the company's articles of organization may make takeover attempts more difficult, potentially affecting the market price of its common stock [300]. - Eastern Bankshares, Inc. has established that Massachusetts courts will be the exclusive forum for most disputes, potentially limiting shareholders' options for favorable judicial forums [303]. - The company has received three notices of non-objection for proposed share repurchase programs, each covering an approximately 12-month period [304]. - The exclusive forum provision may discourage lawsuits against the company and its directors, but could lead to additional costs if found unenforceable [303]. - The company has adopted an Equity Plan that will increase annual compensation and benefit expenses related to stock awards granted to participants [298]. - Section 162(m) of the Internal Revenue Code limits the deductibility of executive compensation to $1 million, potentially increasing income taxes and reducing net income [291]. - The company may be required to act as a "source of strength" to its banking subsidiaries, which could adversely affect its financial condition [288].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Eastern Bankshares, Inc. (EBC) - EBC currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - EBC shares have increased by 2.86% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 0.51% [5] - Over the past month, EBC's price change is 11.66%, compared to the industry's 6.45% [5] - In the last three months, EBC shares rose by 3.18%, and over the past year, they increased by 40.29%, while the S&P 500 saw gains of 2.97% and 24.31%, respectively [6] Trading Volume - EBC's average 20-day trading volume is 999,276 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for EBC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.31 to $1.49 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, EBC is positioned as a strong buy candidate for investors seeking short-term opportunities [11]

Core Viewpoint - Eastern Bankshares, Inc. (EBC) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Eastern Bankshares' earnings prospects, which correlates with stock price movements [2]. - The current-quarter earnings estimate is $0.33 per share, reflecting a +43.48% change from the previous year, with a 9.17% increase in the Zacks Consensus Estimate over the last 30 days due to four upward revisions [4]. - For the full year, the expected earnings are $1.49 per share, representing a +40.57% change from the prior year, with a 13.98% increase in the consensus estimate driven by four upward revisions [5]. Zacks Rank - Eastern Bankshares has achieved a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which is expected to lead to significant stock outperformance [3][6]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [6]. Stock Performance - The stock has gained 5.2% over the past four weeks, reflecting investor confidence in the company's earnings growth prospects [7].

Financial Data and Key Metrics Changes - The company reported its Q4 2024 earnings, with a focus on both GAAP and non-GAAP financial measures, indicating a comprehensive financial performance review [2][3] Business Line Data and Key Metrics Changes - Specific details regarding the performance of various business lines were not provided in the available content Market Data and Key Metrics Changes - Information on market performance and key metrics was not included in the provided content Company Strategy and Development Direction and Industry Competition - The management discussed future financial and operating results, business strategies, and potential risks, reflecting a proactive approach to navigating the competitive landscape [1] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of forward-looking statements, highlighting the uncertainties that may affect actual results compared to current estimates [1] Other Important Information - The call included a reminder about the recording of the event and the mute status of participants to ensure clarity during the discussion [2] Q&A Session Summary Question: What are the expectations for future financial performance? - Management provided insights into their outlook, but specific details were not disclosed in the available content [1]

Financial Performance - The company's net income for Q4 2024 was $60.8 million, or $0.30 per diluted share[2, 4, 5] - Operating net income for Q4 2024 reached $68.3 million, translating to $0.34 per diluted share[2, 4, 5] - Net interest income increased to $179.2 million in Q4 2024, a $9.3 million increase compared to the previous quarter[5, 7] - Noninterest income totaled $37.3 million for the quarter[5, 7] - Noninterest expense amounted to $137.5 million[5, 6] Strategic Initiatives and Capital Management - The company announced a $1.2 billion investment portfolio repositioning planned for Q1 2025, expected to increase 2025 operating EPS by approximately $0.13[4] - The company repurchased $15.8 million worth of shares at an average price of $17.41 during the quarter[44] Asset Quality and Loan Portfolio - Non-performing loans (NPLs) increased to $136 million, representing 0.76% of total loans[47] - Net charge-offs (NCOs) were 0.71% of average total loans, primarily due to purchased credit deteriorated loans acquired from Cambridge Trust[2, 4] - Commercial real estate (CRE) portfolio totaled $7.1 billion, accounting for 39% of total loans[53, 57] - CRE investor office loans amounted to $914 million, or 5% of total loans[61, 63] Deposits and Funding - Total deposit cost decreased by 13 basis points to 1.69%[2, 29] - Checking accounts represented 50% of the company's deposit base, an increase from 49% in the previous quarter[25, 29]

Group 1 - Eastern Bankshares, Inc. reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and showing a significant increase from $0.10 per share a year ago, representing an earnings surprise of 13.33% [1] - The company posted revenues of $225.78 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.39%, compared to revenues of $160.05 million in the same quarter last year [2] - Eastern Bankshares has surpassed consensus EPS estimates two times over the last four quarters and has also topped consensus revenue estimates two times during the same period [2] Group 2 - The stock has gained approximately 1.7% since the beginning of the year, while the S&P 500 has increased by 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $215.5 million, and for the current fiscal year, it is $1.31 on revenues of $888.06 million [7] Group 3 - The Zacks Industry Rank indicates that the Banks - Northeast industry is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - The estimate revisions trend for Eastern Bankshares is mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]