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Eastern Bankshares(EBC) - 2024 Q3 - Quarterly Results
EBCEastern Bankshares(EBC)2024-10-24 20:21

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 6.2millionincludedtheinitialprovisiononnonpurchasedcreditdeteriorated("nonPCD")loansof6.2 million included the initial provision on non-purchased credit deteriorated ("non-PCD") loans of 40.9 million and merger-related charges ...