Brief: Eastern Bank Q2 Adjusted EPS USD 0.41 Vs. IBES Estimate USD 0.38

Eastern Bankshares

24/07/2025 21:15

Overview

Eastern Bank Q2 revenue of $244.9 mln beats analyst expectations, per LSEG data

Adjusted EPS for Q2 at $0.41, surpasses analyst estimates, per LSEG data

Net interest margin expands 21 basis points to 3.59% due to higher asset yields

Outlook

Eastern Bank sees steady business pipelines despite economic uncertainties

Company focuses on integration with HarborOne for long-term value creation

Eastern Bank highlights stable deposit costs amid economic uncertainties

Result Drivers

LOAN GROWTH - Period-end loans grew 8% annualized linked quarter, driven by higher C&I activity

ASSET YIELDS - Net interest margin expanded 21 basis points to 3.59%, primarily due to higher asset yields

CREDIT IMPROVEMENT - Non-performing loans improved to 0.30% of total loans, down from 0.51% linked quarter

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$244.90 mln
$202 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.41
$0.38 (4 Analysts)
Q2 EPS
$0.41
Q2 Net Income
$100.20 mln
Q2 Net Interest Income
$202 mln
Q2 Pretax Profit
$100.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "hold."

Wall Street's median 12-month price target for Eastern Bankshares Inc is $18.50, about 12.4% above its July 23 closing price of $16.20

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw3kNQ6Fa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)