Eastern Bankshares, Inc.

Eastern Bankshares, Inc. reported a significant turnaround for the first half of 2026, achieving a net income of $170.5 million, or $0.77 per diluted share, compared to a net loss in the prior year. For the second quarter of 2026, net income increased to $105.2 million, or $0.48 per diluted share. The company also saw growth in total assets and deposits, alongside increased dividends and share repurchases.

Eastern Bankshares, Inc. reported strong second-quarter 2026 financial results, with net income increasing 61.1% to $105.2 million, or $0.48 per diluted share. The company also announced a new share repurchase program, authorizing the purchase of up to 11.35 million shares, representing 5% of outstanding common stock, through December 31, 2027. Additionally, the Board of Directors declared a quarterly cash dividend of $0.15 per share.

Eastern Bankshares, Inc. held its 2026 annual meeting of shareholders on May 18, 2026. During the meeting, shareholders considered and approved three proposals. These included the election of six directors for a one-year term, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the company's independent registered public accounting firm for the 2026 fiscal year. All proposals passed with strong shareholder support.

Eastern Bankshares reported a significant turnaround in its first quarter 2026 financial results, achieving a net income of $65.26 million, a substantial improvement from a net loss of $217.67 million in the prior year. This positive shift was primarily driven by the absence of large losses from sales of available-for-sale securities, which had impacted the previous year's results. The company also saw an increase in net interest income and a higher quarterly cash dividend.

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.