Eastern Bankshares, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
EBC$23.10-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Interest and dividend income: | ||||
| Interest and fees on loans | $244,191 | $230,824 | $713,758 | $573,319 |
| Taxable interest and dividends on securities | 33,336 | 22,421 | 98,609 | 68,518 |
| Non-taxable interest and dividends on securities | 2,194 | 1,444 | 5,403 | 4,320 |
| Interest on federal funds sold and other short-term investments | 3,295 | 11,329 | 10,290 | 29,848 |
| Total interest and dividend income | 283,016 | 266,018 | 828,060 | 676,005 |
| Interest expense: | ||||
| Interest on deposits | 82,365 | 95,345 | 235,069 | 246,288 |
| Interest on borrowings | 403 | 818 | 1,814 | 1,313 |
| Total interest expense | 82,768 | 96,163 | 236,883 | 247,601 |
| Net interest income | 200,248 | 169,855 | 591,177 | 428,404 |
| Provision for allowance for loan losses | 7,100 | 46,983 | 21,300 | 60,560 |
| Net interest income after provision for allowance for loan losses | 193,148 | 122,872 | 569,877 | 367,844 |
| Noninterest income (loss): | ||||
| Investment advisory fees | 17,553 | 14,909 | 51,272 | 28,164 |
| Service charges on deposit accounts | 8,550 | 8,140 | 25,109 | 23,578 |
| Card income | 4,177 | 4,423 | 12,327 | 12,424 |
| Interest rate swap income | 885 | 565 | 2,351 | 1,650 |
| Income from investments held in rabbi trusts | 3,839 | 3,591 | 8,309 | 9,670 |
| Gains (losses) on sales of mortgage loans held for sale, net | 87 | (385) | (143) | (595) |
| Losses on sales of securities available for sale, net | — | — | (269,638) | (7,557) |
| Miscellaneous income and fees | 4,637 | 5,255 | 16,886 | 22,206 |
| Other non-operating income (loss) | 1,524 | (2,970) | 1,512 | (2,972) |
| Total noninterest income (loss) | 41,252 | 33,528 | (152,015) | 86,568 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 83,968 | 80,612 | 244,523 | 209,915 |
| Occupancy and equipment | 11,729 | 11,840 | 33,576 | 31,116 |
| Technology and data processing | 19,779 | 18,120 | 56,189 | 49,505 |
| Professional services | 3,039 | 3,492 | 9,000 | 9,523 |
| Marketing expenses | 2,666 | 1,536 | 6,830 | 4,961 |
| FDIC insurance | 3,509 | 3,200 | 10,577 | 9,993 |
| Amortization of intangible assets | 7,808 | 6,210 | 23,423 | 7,218 |
| Other operating expenses | 4,717 | 7,166 | 17,596 | 15,516 |
| Non-operating expenses | 3,218 | 27,577 | 5,800 | 33,077 |
| Total noninterest expense | 140,433 | 159,753 | 407,514 | 370,824 |
| Income (loss) before income tax (benefit) expense | 93,967 | (3,353) | 10,348 | 83,588 |
| Income tax (benefit) expense | (12,177) | 2,835 | 21,637 | 24,798 |
| Net income (loss) | $106,144 | $(6,188) | $(11,289) | $58,790 |
| Basic earnings (loss) per share | $0.53 | $(0.03) | $(0.06) | $0.34 |
| Diluted earnings (loss) per share | $0.53 | $(0.03) | $(0.06) | $0.34 |
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