Business
Eastern Bankshares, Inc. Reports Second Quarter 2025 Financial Results
Strong Performance Reflects Focus on Growth and Profitability Net income of $100.2 million, or $0.50 per diluted share, included GAAP tax benefit related to
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\nStrong Performance Reflects Focus on Growth and Profitability\n\n\n\nNet income of $100.2 million, or $0.50 per diluted share, included GAAP tax benefit related to losses from investment portfolio repositioning completed in the first quarter.\n\n\n\nOperating net income of $81.7 million, or $0.41 per diluted share.\n\n\n\nReturn on average assets of 1.60%, or 1.30% on an operating basis; return on average tangible equity of 16.44%, or 13.56% on an operating basis.\n\n\n\nPeriod-end loans grew 8% annualized linked quarter, primarily driven by higher C&I activity.\n\n\n\nNet interest margin on a fully tax equivalent basis expanded 21 basis points to 3.59%, primarily due to higher asset yields.\n\n\n\nNon-performing loans of $54.7 million or 0.30% of total loans, an improvement from $91.6 million or 0.51% linked quarter.\n\n\n\n BOSTON--(BUSINESS WIRE)--\nEastern Bankshares, Inc. (the “Company”) (NASDAQ: EBC), the holding company of Eastern Bank, today announced its second quarter 2025 financial results.\n\n\nFINANCIAL HIGHLIGHTS\n\n\n\n\n \n\n\n\n\n\n\nAs of and for three months ended\n\n\n\n\n\n\n \n\n\n\n\n\n\nLinked quarter Change\n\n\n\n\n\n\n\n\n(Unaudited, $ in millions, except per share data)\n\n\n\n\n\n\nJun 30, 2025\n\n\n\n\n\n\nMar 31, 2025\n\n\n\n\n\n\n \n\n\n\n\n\n\n△ $\n\n\n\n\n\n\n△ %\n\n\n\n\n\n\n\n\nEarnings\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet income (loss)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n100.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(217.7\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n317.9\n\n\n\n\n\n\n \n\n\n\n\n\n\nNM\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nPer share, diluted\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.50\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(1.08\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.58\n\n\n\n\n\n\n \n\n\n\n\n\n\nNM\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating net income*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n81.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n67.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n14.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n21\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nPer share, diluted*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.41\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.34\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n...