Eastern Bankshares Q3 Net Income $111.0M, EPS $0.51; Declares $0.15 Dividend
EBC sits 33% above its 52-week low of $16.615.
Summary
Eastern Bankshares earned $111.0 million ($0.51 per diluted share) in Q3 2026, up 5.5% from Q2, with non-performing loans falling to 0.36% of loans and $89.1 million returned to shareholders. The board declared a $0.15 quarterly dividend payable December 21, 2026.
Key Events · Earnings and Guidance · EBC
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Q3 Net Income $111.0M, EPS $0.51
Net income rose 5.5% linked quarter from $105.2 million, with diluted EPS up 6.3% from $0.48; total revenue was $306.6 million.
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NPLs Fall Third Straight Quarter
Non-performing loans dropped $24.6 million to $84.8 million, or 0.36% of total loans, from 0.47% at June 30, 2026; net charge-offs were 0.09% of average loans versus 0.17%.
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$89.1M Returned; $0.15 Dividend Declared
The company repurchased 2.6 million shares for $56.7 million at a $22.11 weighted average price and paid $32.4 million in dividends; 10.1 million shares remain authorized through December 31, 2027.
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Margin Slips 4 Basis Points to 3.62%
Net interest margin on an FTE basis fell from 3.66% as the cost of interest-bearing liabilities rose 8 basis points to 2.09%, outpacing a 2 basis point rise in asset yields to 5.07%.
Analysis · EBC · Finance
Third-quarter net income climbed 5.5% linked quarter to $111.0 million, or $0.51 per diluted share, on net interest income of $257.9 million and total revenue of $306.6 million. Credit quality improved for a third straight quarter after the HarborOne merger, with non-performing loans down $24.6 million to $84.8 million (0.36% of loans). Shareholders received $89.1 million in the quarter, including $56.7 million of buybacks at a $22.11 weighted average price, while the $0.15 quarterly dividend held steady. Margin is the one soft spot: net interest margin slipped 4 basis points to 3.62% as deposit costs rose faster than asset yields, and noninterest income fell 15.5% on weaker retirement-benefit investment income and the absence of prior-quarter loan-sale gains.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EBC was trading at $22.11 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $16.62 to $23.78. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.