Eastern Bankshares, Inc. (EBC) Q3 Earnings and Revenues Lag Estimates

Core Viewpoint - Eastern Bankshares, Inc. reported quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.40 per share, but showing an increase from $0.25 per share a year ago, indicating a -7.50% earnings surprise [1][2] Financial Performance - The company posted revenues of $241.5 million for the quarter ended September 2025, which was 0.99% below the Zacks Consensus Estimate, compared to $203.38 million in the same quarter last year [2] - Over the last four quarters, Eastern Bankshares has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Eastern Bankshares shares have increased by approximately 6.6% since the beginning of the year, while the S&P 500 has gained 13.9% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $277.1 million, and for the current fiscal year, it is $1.55 on revenues of $986.2 million [7] - The outlook for the industry, specifically the Banks - Northeast sector, is favorable, ranking in the top 24% of over 250 Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]