Eastern Bankshares, Inc.

For the period ended Mar 31, 2026. Filed May 8, 2026.

About 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.

Mar 31, 2026 · Filed May 8, 2026

EBC$23.10-1.1%Stored close · as of Nov 10, 2026

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Contents

Unaudited Consolidated Statements of Income (Loss)

	Three Months Ended March 31,
	2026	2025
(In thousands, except per share data)
Interest and dividend income:
Interest and fees on loans	$301,752	$228,467
Taxable interest and dividends on securities	33,203	31,160
Non-taxable interest and dividends on securities	3,581	1,442
Interest on federal funds sold and other short-term investments	1,010	4,636
Total interest and dividend income	339,546	265,705
Interest expense:
Interest on deposits	90,435	75,998
Interest on borrowings	4,455	808
Total interest expense	94,890	76,806
Net interest income	244,656	188,899
Provision for allowance for loan losses	5,756	6,600
Net interest income after provision for allowance for loan losses	238,900	182,299
Noninterest income (loss):
Investment advisory fees	18,314	16,437
Service charges on deposit accounts	9,927	8,315
Card income	5,797	3,920
Interest rate swap income	983	488
Losses from investments for employee retirement benefits	(1,860)	(1,257)
Mortgage banking income (loss)	2,865	(92)
Losses on sales of securities available for sale, net	—	(269,638)
Miscellaneous income and fees	9,035	6,339
Other non-operating loss	(1,504)	(630)
Total noninterest income (loss)	43,557	(236,118)
Noninterest expense:
Salaries and employee benefits	102,151	79,859
Occupancy and equipment	14,111	10,617
Technology and data processing	23,843	18,015
Professional services	3,414	2,924
Marketing expenses	2,696	1,732
FDIC insurance	3,368	3,288
Amortization of intangible assets	11,644	7,808
Other operating expenses	6,636	5,877
Non-operating expenses	30,767	—
Total noninterest expense	198,630	130,120
Income (loss) before income tax expense	83,827	(183,939)
Income tax expense	18,565	33,727
Net income (loss)	$65,262	$(217,666)
Basic earnings (loss) per share	$0.29	$(1.09)
Diluted earnings (loss) per share	$0.29	$(1.08)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.