For the quarter ended September 2024, Eastern Bankshares, Inc. (EBC) reported revenue of $203.38 million, up 30.1% over the same period last year. EPS came in at $0.25, compared to $0.32 in the year-ago quarter.The reported revenue represents a surprise of -5.81% over the Zacks Consensus Estimate of $215.92 million. With the consensus EPS estimate being $0.33, the EPS surprise was -24.24%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -24.24%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.22, delivering no surprise.Over the last four quarters, the company ...

Exhibit 99.1 Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results ~ Company Announces a 9% Increase to Quarterly Dividend ~ BOSTON, October 24, 2024 (BUSINESS WIRE) — Eastern Bankshares, Inc. (the "Company") (NASDAQ: EBC), the holding company of Eastern Bank, today announced its 2024 third quarter financial results. FINANCIAL HIGHLIGHTS • Net loss of $6.2 million included the initial provision on non-purchased credit deteriorated ("non-PCD") loans of $40.9 million and merger-related charges ...

Wall Street analysts forecast that Eastern Bankshares, Inc. (EBC) will report quarterly earnings of $0.33 per share in its upcoming release, pointing to a year-over-year increase of 3.1%. It is anticipated that revenues will amount to $215.92 million, exhibiting an increase of 38.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 3.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated ...

The market expects Eastern Bankshares, Inc. (EBC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expecte ...

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 June 30, 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) 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 ...