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 ...

Exhibit 99.1 Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results ~ Receipt of Shareholder Approvals for the Merger with Cambridge ~ ~ CFO James Fitzgerald Announces Upcoming Retirement ~ BOSTON, April 25, 2024 (BUSINESS WIRE) — Eastern Bankshares, Inc. (the "Company," or together with its subsidiaries, "Eastern") (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2024 first quarter financial results and the declaration of a quarterly cash div ...

The market expects Eastern Bankshares, Inc. (EBC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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 earnings report, which is expected to be released on April 25, 2024, might help the stock move higher if these key nu ...

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer. Headquartered in Everett, MA, DPV is the largest certified minority-owned ground transportation business in New England operating a fleet of over 80 vehicles from Greater Boston to New York and employing hundreds of people. After working with Eastern Bank as a small business banking customer during its start-up, DPV is now transitioning to the ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 Or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-K _____________________________________________ (Mark one) ☐ 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 of t ...