Business
Eastern Bankshares, Inc. Reports Third Quarter 2025 Financial Results
Company Announces Authorization of 5% Share Repurchase Program Received all necessary regulatory approvals to complete merger with HarborOne Bancorp;
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\nCompany Announces Authorization of 5% Share Repurchase Program\n\n\n\nReceived all necessary regulatory approvals to complete merger with HarborOne Bancorp; expected to close November 1, 2025.\n\n\n\nNet income of $106.1 million, or $0.53 per diluted share, included a GAAP tax benefit related to losses from the investment portfolio repositioning completed in the first quarter; operating net income of $74.1 million, or $0.37 per diluted share.\n\n\n\nReturn on average assets of 1.66%, or 1.16% on an operating basis; return on average tangible common equity of 16.4%, or 11.7% on an operating basis.\n\n\n\nPeriod-end loans grew 1.3% linked quarter and 4.1% since year-end, primarily driven by continued strong commercial lending results.\n\n\n\nWealth Management assets under management reached a record high of $9.2 billion.\n\n\n\nBook value per share of $17.99 and tangible book value per share of $13.14, up 3% and 5%, respectively, 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 third 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\nSep 30, 2025\n\n\n\n\n\n\nJun 30, 2025\n\n\n\n\n\n\n \n\n\n\n\n\n\n△ $\n\n\n\n\n\n\n△ %\n\n\n\n\n\n\n\n\nEarnings\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n106.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n100.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n5.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n5.9\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$\n\n\n\n\n\n\n0.53\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\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$\n\n\n\n\n\n\n0.03\n\n\n\n\n\n\n \n\n\n\n\n\n\n6.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating net income*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n74.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n81.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(7.6\n\n\n\n\n\n\n)\n\n\n\n\n\n\n(9.3\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n\n\nPer share, diluted*\n\n\n\n\n\n\...