Compared to Estimates, Eastern Bankshares (EBC) Q1 Earnings: A Look at Key Metrics

Core Insights - Eastern Bankshares, Inc. (EBC) reported a revenue of $222.4 million for the quarter ended March 2025, reflecting a year-over-year increase of 41.1% [1] - The earnings per share (EPS) for the quarter was $0.34, up from $0.23 in the same quarter last year, with an EPS surprise of +3.03% compared to the consensus estimate of $0.33 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $228.01 million, resulting in a revenue surprise of -2.46% [1] Financial Performance Metrics - Net Interest Margin stood at 3.4%, exceeding the four-analyst average estimate of 3.3% [4] - Average balance of total interest-earning assets was $23.24 billion, lower than the $23.97 billion average estimate [4] - The efficiency ratio (GAAP) was reported at -275.6%, significantly worse than the average estimate of 58.6% [4] - Total non-performing assets were $91.60 million, compared to the estimated $154.96 million [4] - Net Interest Income was $188.90 million, below the average estimate of $193.81 million [4] - Debit card processing fees reached $3.90 million, surpassing the average estimate of $3.64 million [4] - Trust and investment advisory fees were reported at $16.40 million, higher than the average estimate of $15.59 million [4] - Total Noninterest Income was $33.50 million, slightly below the average estimate of $34.31 million [4] Stock Performance - Shares of Eastern Bankshares have returned -7.6% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]