Eastern Bankshares, Inc.

Listed Company

EBCCIK 0001810546NasdaqLarge AcceleratedSavings Institution, Federally CharteredMassachusettsFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$88.22M

Total Assets

$30.59B

Equity

$4.34B

Shares Out

231.14M

Op. Cash Flow

$432.42M

EBC$23.00+43.93% · past yearDBEQ Basic

Daily closing prices

Business

Eastern Bankshares, Inc. is a Massachusetts-based bank holding company that provides lending, deposit, and wealth management services through its wholly-owned subsidiary Eastern Bank, a Massachusetts-chartered savings bank. The company offers commercial and industrial loans, commercial real estate mortgages, residential real estate mortgages, home equity lines of credit, and small business loans, as well as wealth management and trust services through Cambridge Trust Wealth Management. Eastern operates primarily in the greater Boston area, including eastern and central Massachusetts, southern New Hampshire, and Rhode Island.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	1,009	808	652	476	368
Taxable interest and dividends on securities	131	91	101	119	58
Non-taxable interest and dividends on securities	8	6	6	7	7
Interest on federal funds sold and other short-term investments	16	42	37	3	2
Total interest and dividend income	1,164	947	796	605	435
Interest on deposits	332	337	226	29	5
Interest on borrowings	3	2	20	9	165,000
Total interest expense	336	339	246	37	—
Net interest income	829	608	550	568	430
Provision for allowance for loan losses	26	67	20	18	−10
Net interest income after provision for allowance for loan losses	802	540	530	550	440
Investment advisory fees	70	46	24	—	—
Service charges on deposit accounts	35	32	29	30	24
Card income	18	17	16	13	12
Interest rate swap income	4	3	2	6	6
Income from investments held in rabbi trusts	10	10	9	−11	10
Mortgage banking income (loss)	3	−887,000	−269,000	—	—
Losses on sales of securities available for sale, net	−270	−17	−333	−3	1
Miscellaneous income and fees	23	28	16	—	—
Other non-operating income (loss)	853,000	7	−3,000	—	—
Total noninterest (loss) income	−106	124	−238	77	97
Salaries and employee benefits	336	288	253	233	228
Occupancy and equipment	46	42	36	37	37
Technology and data processing	79	70	54	53	46
Professional services	15	13	13	16	21
Marketing expenses	10	8	8	9	9
FDIC insurance	15	14	22	6	4
Amortization of intangible assets	34	15	2	1	200,000
Other operating expenses	24	23	26	—	—
Non-operating expenses	39	37	5	—	—
Total noninterest expense	597	508	419	389	361
Income (loss) before income tax expense (benefit)	100	156	−126	238	176
Income tax expense (benefit)	11	36	−63	52	31
Net income (loss) from continuing operations	88	120	−63	187	146
Income from discontinued operations, net of taxes	0	0	295	13	9
Net income	88	120	232	200	155
Basic earnings (loss) per share from continuing operations (in dollars per share)	0.43	0.66	−0.39	1.13	0.85
Basic earnings per share from discontinued operations (in dollars per share)	0	0	1.82	0.08	0.05
Basic earnings per share (in dollars per share)	0.43	0.66	1.43	1.21	0.9
Diluted earnings (loss) per share from continuing operations (in dollars per share)	0.43	0.66	−0.39	1.13	0.85
Diluted earnings per share from discontinued operations (in dollars per share)	0	0	1.82	0.08	0.05
Diluted earnings per share (in dollars per share)	0.43	0.66	1.43	1.21	0.9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	126	93	87	106	145
Short-term investments	191	914	606	63	1,087
Cash and cash equivalents	317	1,007	693	170	1,232
Available for sale (amortized cost $4,143,163 and $4,778,644, respectively)	3,826	4,022	4,408	6,691	8,511
Held to maturity (fair value $575,974 and $371,724, respectively)	600	421	450	477	0
Total securities	4,425	4,442	4,857	—	—
Loans held for sale	23	372,000	1	5	1
Total loans	23,574	18,079	13,973	13,576	12,282
Allowance for loan losses	−332	−229	−149	−142	−98
Unearned discounts and deferred fees, net	−489	−301	−25	−13	−26
Net loans	22,753	17,549	13,799	13,420	12,157
Federal Home Loan Bank stock, at cost	14	6	6	41	11
Premises and equipment	120	67	60	63	81
Bank-owned life insurance	308	205	165	161	157
Goodwill and other intangibles, net	1,301	1,050	566	568	650
Deferred income taxes, net	310	332	266	332	77
Prepaid expenses	260	232	183	165	179
Other assets	756	667	536	427	456
Total assets	30,587	25,558	21,133	22,647	23,512
Demand	6,341	5,992	5,162	6,241	7,021
Interest checking accounts	4,727	4,606	3,737	4,568	4,479
Savings accounts	2,010	1,648	1,323	1,831	2,077
Money market investment	7,886	5,736	4,664	4,710	5,525
Certificates of deposit	4,507	3,336	2,709	1,624	526
Total deposits	25,471	21,319	17,596	18,974	19,628
Interest rate swap collateral funds	15	49	9	14	0
Federal Home Loan Bank advances	200	18	18	13	14
Total borrowed funds	215	66	48	741	34
Other liabilities	561	560	514	425	443
Total liabilities	26,246	21,946	18,158	20,175	20,106
Commitments and contingencies (see Note 18)	0	0	0	0	0
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 235,646,558 and 213,909,472 shares issued and outstanding at December 31, 2025 and 2024, respectively	2	2	2	2	2
Additional paid in capital	2,621	2,237	1,666	1,649	1,835
Unallocated common shares held by the Employee Stock Ownership Plan	−123	−128	−133	−138	−143
Retained earnings	2,067	2,085	2,048	1,882	1,769
Accumulated other comprehensive income, net of tax	−227	−584	−608	−923	−57
Total shareholders equity	4,341	3,612	2,975	2,472	3,406
Total liabilities and shareholders equity	30,587	25,558	21,133	22,647	23,512

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	47	27	12	12	12
(Accretion) amortization of deferred loan fees and premiums, net	−48	−14	6	−1	−28
(Accretion) amortization of investment security premiums and discounts, net	−7	5	6	18	17
Right-of-use asset amortization	17	11	11	11	11
Share-based compensation	17	19	16	11	0
Increase in cash surrender value of bank-owned life insurance	−6	−4	−4	−4	−2
Loss on right-of-use assets, net of gains from modifications	4	5	395,000	—	—
Employee Stock Ownership Plan expense	8	7	7	10	9
Net gain on sale of other equity investments	−2	−9	0	0	—
Other	−253,000	4	3	17,000	−106,000
Proceeds from the sales of loans held for sale	160	93	74	—	—
Loans originated for sale, net of repayments	−141	−93	−49	—	—
Prepaid pension (benefit) expense	−5	−10,000	4	4	1
Other assets	70	−62	−14	5	62
Other liabilities	−50	55	39	−53	−16
Net cash provided by operating activities - continuing operations	432	284	385	213	169
Net cash used in operating activities - discontinued operations	0	0	−124	17	5
Net cash provided by operating activities	432	284	262	230	174
Proceeds from sales of securities available for sale	1,636	1,071	1,900	431	24
Proceeds from maturities and principal paydowns of securities available for sale	465	373	424	1,050	940
Purchases of securities available for sale	−1,430	−200	0	−741	−3,324
Proceeds from maturities and principal paydowns of securities held to maturity	26	29	27	17	0
Purchases of securities held to maturity	−202	0	0	−494	0
Proceeds from sale of Federal Home Loan Bank stock	43	31	286	64	7
Purchases of Federal Home Loan Bank stock	−26	−4	−251	−94	−2
Contributions to low income housing tax credit investments	−59	−69	−37	−19	−11
Contributions to other equity investments	−2	−1	−720,000	−788,000	−3
Distributions from other equity investments	5	387,000	362,000	1	—
Proceeds from sale of other equity investment	2	10	0	0	337,000
Net increase in outstanding loans	−802	−209	−429	−926	381
Net cash (paid) acquired in business combination	−1	25	0	0	−9
Purchased banking premises and equipment	−19	−14	−8	−9	−6
Proceeds from sale of bank premises and equipment	0	15	0	17	22
Proceeds from life insurance policies	2	0	0	20	0
Net cash (used in) provided by investing activities - continuing operations	−364	1,059	1,912	−1,063	−1,981
Net cash provided by investing activities - discontinued operations	0	0	489	−13	−4
Net cash (used in) provided by investing activities	−364	1,059	2,400	−1,077	−1,986
Net increase (decrease) in demand, savings, interest checking, and money market investment deposit accounts	10	−385	−2,463	−1,752	1,156
Net (decrease) increase in time deposits	−192	209	1,085	1,098	−58
Net decrease in borrowed funds	−369	−742	−692	707	3
Payments for repurchases of common stock	−107	−28	0	−202	−23
Proceeds from the exercise of stock options	5	0	0	—	—
Stock issuance costs	−122,000	−941,000	0	0	0
Dividends declared and paid to common shareholders	−106	−83	−67	−66	−52
Net cash used in financing activities - continuing operations	−758	−1,029	−2,137	−215	989
Net cash used in financing activities - discontinued operations	0	0	−961,000	−668,000	−263,000
Net cash used in financing activities	−758	−1,029	−2,138	−216	989
Net (decrease) increase in cash, cash equivalents, and restricted cash	−690	314	524	−1,062	−822
Interest paid on deposits and borrowings	333	316	232	35	5
Income taxes (refunded) paid	−3	19	66	—	—
Capital commitments relating to low income housing tax credit projects	24	9	102	—	—
Net increase (decrease) in operating lease right of use assets and operating lease liabilities relating to lease remeasurements/modifications	2	5	−4	−15	0

Filings

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Frequently asked questions

What is Eastern Bankshares, Inc.'s CIK number?

Eastern Bankshares, Inc.'s SEC CIK number is 0001810546 (1810546). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Eastern Bankshares, Inc.'s SEC filings?

All of Eastern Bankshares, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Eastern Bankshares, Inc. last report earnings?

Eastern Bankshares, Inc. (EBC) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-026859). This is Eastern Bankshares, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Eastern Bankshares, Inc.'s most recent earnings 8-K?

Eastern Bankshares, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001628280-26-026859. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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