Eastern Bankshares beats Q4 profit estimates

Eastern Bankshares

22/01/2026 21:24

Overview

Bank's Q4 revenue beat analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company repurchased 3.1 mln shares for $55.4 mln

Outlook

Eastern Bank is focused on merger integration and achieving cost savings

Result Drivers

MERGER IMPACT - The merger with HarborOne added $4.5 bln in loans and $4.3 bln in deposits, significantly boosting overall loan and deposit figures

ORGANIC LOAN GROWTH - Excluding the merger, legacy Eastern loans grew $255 mln, driven by strong commercial lending

NONINTEREST INCOME - Increase driven by higher mortgage banking, card income, and investment advisory fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$283.50 mln
$249.39 mln (5 Analysts)
Q4 Adjusted EPS
Beat
$0.44
$0.41 (6 Analysts)
Q4 Net Income
$99.50 mln
Q4 Net Interest Income
$237.40 mln


Press Release: ID:nBw2Xcgxsa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)