Eastern Bankshares, Inc. (NASDAQ:EBC) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Denis Sheahan - CEO James Fitzgerald - Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc., Second Quarter 2024 Earnings Conference Call. Today's call will include forward-look ...

For the quarter ended June 2024, Eastern Bankshares, Inc. (EBC) reported revenue of $154 million, down 21.2% over the same period last year. EPS came in at $0.22, compared to $0.28 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $157.45 million, representing a surprise of -2.19%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.22. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

SBA Communications' revenues are expected to be $664.54 million, down 2.1% from the year-ago quarter. Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-rel ...

~ Company Announces Authorization of Share Repurchase Program ~ FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER OF 2024 • Cash and equivalents increased $11.8 million from the prior quarter to $750.8 million. • Total securities decreased $196.9 million, or 4.2%, from the prior quarter, to $4.5 billion, due to the sale of approximately $85 million in available for sale securities ("AFS securities") and principal runoff. • Loans totaled $14.1 billion, representing an increase of $56.8 million, or 0.4%, from the p ...

Eastern Bankshares Inc. (EBC) announced the completion of its merger with Cambridge Bancorp. The deal, announced in September 2023 with a 100% stock consideration, aligns with the company's inorganic growth strategy. At the time of announcing the deal, it was noted that the combined company would have approximately $27.1 billion in total assets, $18 billion in total loans, $22.6 billion in deposits and $7.6 billion of assets under management and administration. These efforts indicate the strategic redeploym ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ 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, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-39610 ___________________________ Eastern Bankshares, Inc. (Exact name ...

Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Jim Fitzgerald - Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc., First Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements, includi ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------|-------|-------|-------|---------------|-------|-------------------------------|-------|-------|-----------|-------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------| | Common equity tier 1 ratio \n15.8% | 15.7% | 16.0% | 18.6% | 1 \n 18.5% | 6.5% | Tier 1 capital ratio \n15.8% | 15.7% | ...

Eastern Bankshares, Inc. (EBC) reported $157.59 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 212.6%. EPS of $0.23 for the same period compares to $0.38 a year ago.The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $157.52 million. With the consensus EPS estimate being $0.20, the EPS surprise was +15.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.10, delivering a surprise of -52.38%.Over the last four quarters, the co ...