Eastern Bankshares(EBC) - 2024 Q2 - Quarterly Results

~ 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 ...