Eastern Bankshares, Inc. (EBC) Form 8-K — Oct 22, 2026
Eastern Bankshares (NASDAQ: EBC) reported record third quarter 2026 net income of $111.0 million, or $0.51 per diluted share, with a 15.7% return on average tangible common equity and an operating efficiency ratio of 47.5%. Loans grew 1.1% linked quarter to $23.97 billion, deposits rose 0.4% to $26.02 billion, and non-performing loans fell for a third consecutive quarter since the HarborOne merger, declining $24.6 million to $84.8 million (0.36% of loans). Net interest margin slipped 4 basis points to 3.62% on higher deposit costs.
Key figures
- Eps
- 0.51
- Revenue
- 306600000
- Net Income
- 111000000
- Total Debt
- 903900000
- Total Assets
- 31700100000
- Cash Position
- 547100000
- Shares Outstanding
- 226300000
- Cet1 ratio
- 13.02%
- Total loans
- $23,974 million
- Total deposits
- $26,017 million
- Capital returned
- $89.1 million (including $56.7 million buybacks)
- Buyback remaining
- 10.1 million shares
- Dividend per share
- $0.15
- Shares repurchased
- 2.6 million at weighted average $22.11
- Net interest income
- $257.9 million
- Book value per share
- $18.56
- Non performing loans
- $84.8 million (0.36% of loans)
- Net interest margin fte
- 3.62%
- Return on average assets
- 1.41%
- Provision for loan losses
- $6.8 million
- Operating efficiency ratio
- 47.5%
- Tangible book value per share
- $12.96
- Wealth assets under administration
- $11.6 billion
- Return on average tangible common equity
- 15.7%
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