Eastern Bankshares (EBC) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Eastern Bankshares, Inc. (EBC) reported a revenue of $244.9 million for the quarter ended June 2025, marking a year-over-year increase of 59% and exceeding the Zacks Consensus Estimate by 2.71% [1] - The earnings per share (EPS) for the same period was $0.41, compared to $0.22 a year ago, resulting in an EPS surprise of 7.89% over the consensus estimate of $0.38 [1] Financial Performance Metrics - The efficiency ratio (GAAP) was reported at 55.9%, better than the estimated 56.4% [4] - The net interest margin stood at 3.6%, slightly above the estimated 3.5% [4] - Total interest-earning assets averaged $23.14 billion, below the estimated $23.39 billion [4] - Total non-performing assets were $54.7 million, significantly lower than the estimated $131.91 million [4] - Total non-performing loans matched the non-performing assets at $54.7 million, again below the average estimate of $131.91 million [4] - Total noninterest income was $42.9 million, exceeding the estimated $34.58 million [4] - Net interest income was reported at $202 million, slightly above the average estimate of $200.91 million [4] - Interest rate swap income was $1 million, surpassing the estimated $0.51 million [4] - Card income reached $4.2 million, above the estimated $4 million [4] - Investment advisory fees totaled $17.3 million, exceeding the estimated $16.51 million [4] - Service charges on deposit accounts were $8.2 million, slightly below the estimated $8.32 million [4] Stock Performance - Shares of Eastern Bankshares have returned +9.2% over the past month, outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]