Welcome to our dedicated page for Eastern Bankshares news (Ticker: EBC), a resource for investors and traders seeking the latest updates and insights on Eastern Bankshares stock.
Eastern Bankshares, Inc. reports news as the holding company for Eastern Bank, a regional banking institution serving consumers, commercial clients and small businesses in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Recurring updates cover operating results, loan and deposit trends, dividends, share repurchases and the integration of completed bank acquisitions.
Company announcements also describe Eastern Bank’s commercial lending, community development financing, affordable housing loans, ESOP-related financing, treasury services, and wealth management, trust and private banking activity through Cambridge Trust Wealth Management. Leadership appointments and human capital governance updates are recurring corporate topics.
Eastern Bank (NASDAQ:EBC) has been recognized for the third consecutive year as a World’s Top Disability Inclusive Business, based on its performance on the Disability Index®, a global benchmark for disability inclusion. The bank highlights its people-first culture, tailored health and wellness benefits, and its employee-led “Diverse Abilities Group” ERG as key drivers of accessibility, inclusion and support for employees, caregivers and allies.
Eastern Bankshares (NASDAQ:EBC) reported second quarter 2026 net income of $105.2 million, or $0.48 per diluted share, including non-operating merger costs, and record operating net income of $106.5 million, or $0.49 per diluted share. Return on average assets was 1.37% and operating return on average tangible common equity was approximately 15.3%.
Net interest income rose to $251.9 million with net interest margin (FTE) expanding 3 bps to 3.66%. Period-end loans grew 1.4% and deposits 3.2%. Wealth assets reached a record $11.5 billion, including $10.6 billion of assets under management. Non-performing loans fell to $109.4 million, or 0.47% of loans. The company returned $105.8 million to shareholders through $72.7 million of buybacks and $33.1 million of dividends and announced a new 5% share repurchase authorization plus a $0.15 quarterly dividend.
Eastern Bank (NASDAQ:EBC) is providing financing for a multi-site affordable senior housing project in four New Hampshire communities: Tamworth, Bethlehem, Manchester and Pelham. The financing, sponsored by Housing Initiatives of New England, will rehabilitate 122 existing affordable senior units and construct 28 new units for moderate-income seniors.
According to Eastern Bank, the package includes $28.3 million in construction financing and $15.7 million in permanent financing, structured through a tax-exempt bond issuance by New Hampshire Housing and supported by Low-Income Housing Tax Credits.
Eastern Bankshares (NASDAQ:EBC) announced the schedule for its second quarter 2026 earnings release, conference call and webcast.
The earnings results will be released on Thursday, July 23, 2026 after market close, followed by a conference call on Friday, July 24, 2026 at 9:00 AM ET, accessible via phone and webcast.
Eastern Bank (EBC) appointed Paul Davis as Senior Vice President, Commercial Real Estate Relationship Manager in Boston. He brings over 25 years of commercial real estate lending experience across multi-family, industrial, mixed-use and other asset classes, including overseeing a multi-billion dollar portfolio at JPMorgan Chase.
Eastern Bankshares (NASDAQ:EBC) will be added to the S&P SmallCap 600 Index before trading opens on June 22, 2026. The index is a major benchmark for U.S. small-cap stocks and includes companies meeting criteria for financial performance, market cap, and liquidity.
Coeur Mining (NYSE:CDE) will be added to the S&P MidCap 400, effective before the market opens on June 22, 2026, as part of S&P Dow Jones Indices’ quarterly rebalance.
CDE will join the index’s Materials sector, replacing BellRing Brands.
Eastern Bank (EBC) is providing financing to support Surety Bond Professionals’ transition to a 100% employee-owned company. The package includes a term loan to establish an ESOP, a revolving line of credit for working capital, cash management tools, and access to wealth management and retirement planning services.
The deal highlights Eastern Bank’s commercial lending capabilities in ESOP-related financing and contractor-focused businesses.
Eastern Bank (NASDAQ:EBC) led the financing for Wood Partners’ Alta Altitude, a 214-unit, 100% market‑rate luxury apartment development in Warwick, RI’s City Centre district.
Eastern provided a $31 million construction loan, marking its ninth multifamily project with Wood Partners and first in Rhode Island.
Eastern Bank (EBC) promoted Yongmei Chen to Commercial Group Director of Community Development Lending effective May 7, 2026, succeeding Pamela Feingold, who died March 16, 2026. Ms. Chen has 30+ years of banking experience, joined Eastern in 2007, and helped grow the portfolio from under $600 million to over $2 billion.
She specializes in nonprofit lending for affordable housing and serves on multiple community and housing boards. Eastern outlined its community development finance products including construction, NMTC and LIHTC layered loans, tax-exempt bond financing, and treasury services.