Eastern Bankshares Posts $306.6M in Q3 Revenue
EBC sits 33% above its 52-week low of $16.615.
Summary
Eastern Bankshares reported third-quarter revenue of $306.6 million and net income of $111 million. The bar was set by Q2, when net income came in at $105.2 million, up 5% year over year, with net interest income up 24.7% and non-performing loans down 36.5%. The stock trades near $22 and the company has been an active buyer of its own shares, including a 5% buyback authorization greenlit with Q2 results. The company also declared a quarterly cash dividend of $0.15 per share, payable December 21, 2026 to shareholders of record December 7, 2026.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Eastern Bankshares declared a quarterly cash dividend of $0.15 per share, payable December 21, 2026 to shareholders of record December 7, 2026.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.