Quarterly ResultApr 23, 2026, 04:26 PM
Eastern Bankshares Q1 Operating EPS $0.40; Dividend Up 15%
AI Summary
Eastern Bankshares, Inc. reported first quarter 2026 operating net income of $88.6 million, or $0.40 per diluted share, with results reflecting the full impact of the HarborOne merger. The company announced a 15% increase to its quarterly dividend. Key financial highlights include a 2 basis point expansion in net interest margin to 3.63% and wealth assets reaching a record high of $10.3 billion. Non-performing loans improved to 0.60% of total loans, and commercial pipelines ended the quarter at a record high level.
Key Highlights
- Operating net income was $88.6 million, or $0.40 per diluted share.
- Quarterly dividend increased by 15%.
- Net interest margin (FTE) expanded 2 basis points to 3.63%.
- Wealth assets reached a record high of $10.3 billion.
- Non-performing loans improved to 0.60% of total loans from 0.75%.