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. (EBC) maintains this dedicated news hub for stakeholders tracking its financial operations and community impact. As New England's oldest mutual bank, EBC delivers timely updates on strategic developments through verified press releases and official announcements.
This comprehensive resource consolidates essential updates including quarterly earnings reports, merger announcements like the Cambridge Trust integration, and community initiatives reflecting its social responsibility commitments. Investors will find material disclosures while local residents discover updates on branch network expansions and financial literacy programs.
All content undergoes strict verification to ensure accuracy standards expected from a FDIC-insured institution. The news archive serves both immediate research needs and long-term trend analysis, with historical context spanning EBC's 1818 founding to modern digital banking innovations.
Bookmark this page for direct access to primary-source updates on commercial lending developments, wealth management offerings, and leadership changes at one of America's most enduring community-focused financial institutions.
Eastern Bankshares (NASDAQ: EBC) reported Q2 2022 net income of $51.2 million or $0.31 per diluted share, slightly down from the previous quarter. Operating net income was $52.5 million with a consistent $0.32 per share, reflecting strong net interest income growth of 8% to $137.8 million. The bank experienced double-digit growth in major lending categories while maintaining solid credit quality. It declared a quarterly cash dividend of $0.10 per share, payable on September 15, 2022. Total assets stood at $22.4 billion.
Eastern Bank Foundation has appointed Turahn Dorsey as Chief Impact Officer, a role aimed at enhancing the Foundation's impact across Massachusetts, New Hampshire, and Rhode Island. Dorsey brings over 25 years of experience in civic change and public policy, having previously served as Boston's Chief of Education. The Foundation, which manages over
Eastern Bankshares, Inc. (NASDAQ: EBC) will disclose its Q2 2022 earnings on July 28, 2022, after market close. A conference call is scheduled for July 29, 2022, at 9:00 AM ET. Investors can join via toll-free dial-in (888) 396-8049 using conference ID 97071632, or through a webcast available on the Company's Investor Relations website. Eastern Bank, founded in 1818, boasts over 120 locations and $23 billion in total assets as of March 31, 2022. The company is known for its strong community support, providing $240 million in charitable contributions since 1994.
Eastern Bank has secured a $14 million loan to support the Arts & Business Council of Greater Boston in acquiring the Western Avenue Studios & Lofts in Lowell, MA.
This project, part of the Creative Campus Initiative, aims to enhance affordable housing for artists amidst growing gentrification. The facility will feature 250 artist studios and communal spaces, ensuring sustainability for local creative communities.
Additionally, BlueHub Capital contributed $3 million towards this financing.
Eastern Bank has announced a new asset-based lending relationship with Asian Atlantic Industries, LLC (AAI), providing
Eastern Bank has elected five community leaders to its Board of Advisors and Board of Ambassadors. This includes Carolina Alarco, Founder of Bio Strategy Advisors LLC, and Michael A. Curry, CEO of Massachusetts League of Community Health Centers, as Advisors. Ambassadors include Yolanda Coentro, Elizabeth Turnbull Henry, and Grace Moreno, leaders in nonprofit, sustainability, and LGBTQ+ sectors. CEO Bob Rivers emphasizes their insights will enhance community support and customer value. Eastern Bank has over
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