Eastern Bankshares, Inc. Stock Price, News & Analysis

Eastern Bankshares (NASDAQ: EBC) completed its acquisition of HarborOne (NASDAQ: HONE) effective November 1, 2025. Under the merger, HarborOne shareholders elected either 0.765 shares of Eastern common stock per HarborOne share or $12.00 cash per share, subject to allocation and proration.

After proration, 84.99% of HarborOne shares received stock consideration and 15.01% received cash. Eastern issued approximately 26,936,260 new shares and on a pro forma basis would have had 238,450,578 shares outstanding as of September 30, 2025.

Eastern Bankshares (NASDAQ: EBC) received a public presentation from HoldCo Asset Management on October 31, 2025. HoldCo said it manages approximately $2.6 billion in regulatory assets under management and disclosed that it owns common stock of Eastern Bankshares, giving it an economic interest in the company’s share price. The presentation was delivered to the Independent Board of Directors and is available online at the link provided by HoldCo.

Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp announced the Merger will become effective shortly after midnight Eastern Time on November 1, 2025, following closing under the April 24, 2025 Merger Agreement.

Key transaction details: HarborOne common stock will be delisted after the close of trading on October 31, 2025; Eastern expects to announce allocation and proration results on or before November 3, 2025. Eastern reported $25.5 billion in assets as of September 30, 2025. Eastern appointed Joseph F. Casey and Michael J. Sullivan to its board effective at the Merger Effective Time.

Eastern Bankshares (NASDAQ: EBC) reported Q3 2025 results and announced a share repurchase program and a pending merger closing. Net income was $106.1M or $0.53 diluted; operating net income was $74.1M or $0.37. Return on average assets was 1.66% (1.16% operating); return on tangible common equity was 16.4% (11.7% operating). Period-end loans were $18.8B (linked-quarter +1.3%; year-to-date +4.1%) and wealth AUM hit a record $9.2B. Board authorized repurchase of up to 11.9M shares (≤5% post-merger); merger with HarborOne expected to close Nov 1, 2025.

HoldCo Asset Management (Oct 20, 2025) issued a public presentation to the Board of Directors of Eastern Bankshares (NASDAQ: EBC) titled "Where Has All The Capital Gone?". HoldCo disclosed it owns common stock of Eastern Bankshares and therefore has an economic interest in EBC.

HoldCo described itself as a Florida-based investment firm managing approximately $2.6 billion in regulatory assets under management and posted the presentation at https://holdcoam.co/EBC.

Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp (NASDAQ: HONE) announced key merger milestones and timelines.

HarborOne shareholders must elect merger consideration by 5:00 p.m. ET on October 28, 2025. The merger is expected to be effective shortly after midnight ET on November 1, 2025, and HarborOne common stock is expected to be delisted after the close of trading on October 31, 2025. At the Effective Time, each HarborOne share will be converted into the right to receive 0.765 shares of Eastern, $12.00 cash, or a combination, subject to allocation/proration designed to allocate 75%–85% of shares to stock consideration.

Eastern Bank (NASDAQ:EBC) announced the appointment of Diana Kenneally as Senior Vice President, Private Banker with Cambridge Trust Private Banking, effective October 15, 2025.

Ms. Kenneally has over 30 years of financial services experience with specialties in escrow services and high-net-worth client relationship management. Her prior roles include senior positions at BNY Mellon Wealth Management, Texas Capital Bank, and Citizens Financial Group. She holds a BA from Emmanuel College and Series 7 and 63 licenses, and serves on multiple regional advisory and industry committees.

Cambridge Trust Private Banking provides personalized banking and wealth solutions for individuals and multi-generational businesses, emphasizing holistic service across career and wealth-transfer stages.

Eastern Bank (NASDAQ: EBC) announced on October 9, 2025 that NEI General Contracting is a new commercial banking customer. Eastern is providing NEI with a $30 million working capital line of credit, three real estate loans to refinance existing facilities, and a full suite of treasury management services to support affordable housing development and NEI’s national expansion.

NEI, founded in 1998 and headquartered in Boston with regional offices in Florida and Texas, specializes in ground-up construction, rehabilitations, historic restorations and residential conversions. Local commercial banking decision-making will advise the relationship.

Eastern Bankshares (NASDAQ: EBC) will release its third quarter 2025 earnings on Thursday, October 23, 2025 after market close. The Company will host a conference call and simultaneous webcast on Friday, October 24, 2025 at 9:00 AM ET to discuss results. Investors can join by telephone using the toll-free number (800) 549-8228 with Conference ID 64359, or listen live and access a replay at the Company’s Investor Relations site: investor.easternbank.com. The webcast replay will be available on demand on the investor site.