Eastern Bankshares, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
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 Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Operating activities | ||
| Net income (loss) | $281,509 | $(11,289) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities | ||
| Provision for allowance for loan losses | 19,267 | 21,300 |
| Depreciation and amortization | 46,312 | 32,237 |
| Accretion of deferred loan fees and premiums, net | (44,565) | (29,864) |
| Deferred income tax expense (benefit) | 36,668 | (26,376) |
| Accretion of investment security premiums and discounts, net | (8,509) | (5,211) |
| Right-of-use asset amortization | 9,811 | 9,628 |
| Share-based compensation | 12,842 | 12,985 |
| Increase in cash surrender value of bank-owned life insurance | (6,114) | (3,867) |
| Loss on sale of securities available for sale, net | 796 | 269,638 |
| Loss on lease right-of-use assets, net | 2,950 | — |
| Employee Stock Ownership Plan expense | 7,820 | 6,143 |
| Gain on sale of commercial loans held for investment | (5,163) | (54) |
| Other | 910 | 372 |
| Loans held for sale: | ||
| Proceeds from sales of loans held for sale | 312,834 | 31,620 |
| Loans originated for sale, net of repayments | (293,241) | (24,509) |
| (Gain) loss on sale of loans held for sale | (7,309) | 140 |
| Change in: | ||
| Prepaid pension expense | (5,760) | (3,952) |
| Other assets | (14,243) | 97,166 |
| Other liabilities | (18,278) | (47,769) |
| Net cash provided by operating activities | 328,537 | 328,338 |
| Investing activities | ||
| Proceeds from sales of securities available for sale | 4,752 | 1,339,345 |
| Proceeds from maturities and principal paydowns of securities available for sale | 340,245 | 350,110 |
| Purchases of securities available for sale | (642,505) | (1,330,852) |
| Proceeds from maturities and principal paydowns of securities held to maturity | 21,969 | 19,737 |
| Purchases of securities held to maturity | (256,352) | (112,873) |
| Proceeds from sale of Federal Home Loan Bank stock | 102,053 | 24,625 |
| Purchases of Federal Home Loan Bank stock | (128,055) | (25,012) |
| Contributions to low income housing tax credit investments | (17,091) | (40,915) |
| Contributions to other equity investments | (576) | (1,459) |
| Distributions from other equity investments | 1,297 | 5,054 |
| Net increase in outstanding loans | (454,329) | (782,248) |
| Purchased banking premises and equipment | (12,834) | (15,152) |
| Proceeds from sale of premises and equipment | 2,341 | — |
| Proceeds from life insurance policies | 584 | 1,347 |
| Net cash used in investing activities | (1,038,501) | (568,293) |
| Financing activities | ||
| Net increase (decrease) in demand, savings, interest checking, and money market investment deposit accounts | 915,514 | (230,483) |
| Net (decrease) increase in time deposits | (369,457) | 28,491 |
| Net increase (decrease) in borrowed funds | 688,993 | (26,356) |
| Payments for repurchase of common stock | (204,735) | (51,929) |
| Proceeds from the exercise of stock options | 4,125 | — |
| Dividends declared and paid to common shareholders | (94,285) | (76,238) |
| Net cash provided by (used in) financing activities | 940,155 | (356,515) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 230,191 | (596,470) |
| Cash, cash equivalents, and restricted cash at beginning of period | 316,869 | 1,006,880 |
| Cash, cash equivalents, and restricted cash at end of period | $547,060 | $410,410 |
| Supplemental disclosure of cash flow information | ||
|---|---|---|
| Cash paid during the period for: | ||
| Interest paid on deposits and borrowings | $319,605 | $230,408 |
| Income taxes refunded, net | (9,002) | (1,556) |
| Non-cash activities | ||
| Capital commitments relating to low income housing tax credit projects | $24,304 | $— |
| Net increase in operating lease right-of-use assets and operating lease liabilities relating to lease remeasurements/modifications | 12,474 | 2,360 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.