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Eastern Bankshares Inc. - EBC STOCK NEWS

Welcome to our dedicated news page for Eastern Bankshares (Ticker: EBC), a resource for investors and traders seeking the latest updates and insights on Eastern Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eastern Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eastern Bankshares's position in the market.

News
Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast
Rhea-AI Summary
Eastern Bankshares, Inc. (EBC) announced details of their first quarter 2024 results, with the earnings release on April 25, 2024, and a conference call on April 26, 2024. Investors can join via telephone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
earnings
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News
Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer
Rhea-AI Summary
Eastern Bank provides $6 million in financing to DPV Transportation for business growth. DPV receives a $5 million equipment line of credit and a $1 million revolving line of credit to support expansion. MassDevelopment contributes $6 million in loan financing. DPV, a minority-owned ground transportation business, has evolved with new innovations and practices, including a customized mobile application for safety and comfort.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
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News
Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results
Rhea-AI Summary
Eastern Bankshares, Inc. announced its 2023 fourth quarter financial results, including the completion of the sale of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. for $515 million. The insurance transaction significantly improved the company's capital and funding position, allowing it to focus on its core banking business and a pending merger with Cambridge Bancorp. Financial highlights include net income of $318.5 million, an after-tax gain of $294.5 million from the insurance transaction, and increases in core deposits and total loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
earnings
News
Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast
Rhea-AI Summary
Eastern Bankshares, Inc. (EBC) announces details for the fourth quarter 2023 earnings release and conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
earnings
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News
Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row
Rhea-AI Summary
Eastern Bank (EAST) Named Top Small Business Lender in Massachusetts for 15th Consecutive Year
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
none
-
News
Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index
Rhea-AI Summary
Eastern Bankshares, Inc. (EBC) Receives Perfect Score on Corporate Equality Index for LGBTQ+ Workplace Inclusion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
none
News
Eastern Bank Welcomes Avedis Zildjian Co. As A Commercial Banking Customer
Rhea-AI Summary
Eastern Bank (EBC) Announces Comprehensive Banking Solution for Avedis Zildjian Co., the Oldest Family-Owned Business in the U.S. and Leading Musical Instrument Manufacturer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
none
-
News
Eastern Bankshares, Inc. Announces Closing Of Eastern Insurance Group LLC Asset Sale
Rhea-AI Summary
Eastern Bankshares, Inc. has completed the sale of Eastern Bank's insurance operations, Eastern Insurance Group LLC, to Arthur J. Gallagher & Co. This allows Eastern Bank to focus on its core banking business. Eastern Insurance offers property and casualty as well as life and health insurance to individuals and businesses across all states, representing over 50 insurance carriers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
none
-
News
Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M. Williams To Its Board Of Directors
Rhea-AI Summary
Eastern Bankshares, Inc. has appointed Marisa J. Harney and Linda M. Williams to its Board of Directors. They bring extensive banking, risk management, and audit experience. Harney served as Chief Credit Officer of First Citizens BancShares, Inc. and CIT Group. Williams is Chief Risk and Audit Officer for Blue Cross Blue Shield of Massachusetts. Both will also serve on the Board of Directors of Eastern Bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
management
News
Eastern Bankshares, Inc. Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Eastern Bankshares, Inc. announces a 10% increase to quarterly cash dividend. The company also reports its 2023 Q3 financial results and provides updates on the sale of its insurance operations and pending merger with Cambridge Bancorp. The merger will create a combined franchise with $27 billion in total assets and improve efficiency ratio by 10%. Net income for Q3 was $59.1 million. Total assets decreased by 2% to $21.1 billion. Loans decreased by 0.3% to $13.9 billion. Deposits decreased by 4% to $17.4 billion. Net interest income was $137.2 million. Noninterest income was $19.2 million. Noninterest expense was $101.7 million. The company's book value per share was $13.87.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
Tags
earnings
Stock EBC logo
Eastern Bankshares Inc.

Nasdaq:EBC

EBC Rankings

#1803 Ranked by Market Cap
#4395 Ranked by Stock Gains
#985 Ranked by Dividends

EBC Stock Data

2.23B
145.77M
1.17%
72.4%
2.74%
Direct Life Insurance Carriers
Finance and Insurance
Link
US
Boston

About EBC

founded in 1818 and based in boston, eastern bank is the largest and oldest mutual bank in the united states, with $10 billion in assets and over 120 locations serving communities in eastern massachusetts and southern and coastal new hampshire. eastern is a recognized leader in corporate social responsibility and for its advocacy on behalf of a number of social justice causes. member fdic. equal housing lender.