Eastern Bankshares, Inc. (EBC) Beats Q2 Earnings and Revenue Estimates

Core Viewpoint - Eastern Bankshares, Inc. reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and showing a significant increase from $0.22 per share a year ago, indicating strong financial performance [1][2]. Financial Performance - The company achieved revenues of $244.9 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.71%, compared to $154 million in the same quarter last year [2]. - Over the last four quarters, Eastern Bankshares has exceeded consensus EPS estimates three times and topped consensus revenue estimates two times [2]. Stock Performance - Eastern Bankshares shares have declined approximately 6.1% since the beginning of the year, contrasting with the S&P 500's gain of 8.1% [3]. - The current Zacks Rank for Eastern Bankshares is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $242.71 million, and for the current fiscal year, it is $1.52 on revenues of $977.03 million [7]. - The estimate revisions trend for Eastern Bankshares was mixed ahead of the earnings release, which may change following the recent report [6]. Industry Context - The Banks - Northeast industry, to which Eastern Bankshares belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].