Eastern Bankshares Inc reports results for the quarter ended June 30 - Earnings Summary

Eastern Bankshares

24/07/2025 22:01

Eastern Bankshares Inc EBC.OQ reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 22 cents.  The mean expectation of four analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 37 cents to 40 cents per share.

Revenue rose 57% to $202.00 million from a year ago; analysts expected $202.04 million.

Eastern Bankshares Inc's reported EPS for the quarter was 50 cents​.

The company reported quarterly net income of $100.2 million.

Eastern Bankshares Inc shares had risen by 6.1% this quarter and lost 6.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 4.7% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

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 last closing price of $16.20

This summary was machine generated from LSEG data July 24 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.38
0.41
Beat
Mar. 31 2025
0.33
0.34
Beat
Dec. 31 2024
0.30
0.34
Beat
Sep. 30 2024
0.33
0.25
Missed