Eastern Bankshares, Inc. · NASDAQ:EBC
Eastern Bankshares — Q2 2026 Earnings Presentation
21 slides from Eastern Bankshares's earnings presentation, Jul 24, 2026
Slide 1: Q2 Earnings Presentation
Q2 Earnings Presentation July 23, 2026
Slide 2: Q2 2026 highlights
Q2 2026 highlights Key Metrics Highlights Results reflect Company's enhanced earnings power $105.2 million • Operating income increased 20% linked quarter and generated an operating return on average tangible common equity of 15.3% Net income • Net interest margin (FTE) expanded 3 basis points to 3.
Slide 3: Income statement
Income statement $ in millions, except per share amounts Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 • Operating net income increased 20% Net interest income $ 251.9 $ 244.7 $ 237.4 $ 200.2 $ 202.0 linked quarter and 30% from a year Noninterest income 57.6 43.6 46.1 41.3 42.9 ago, reflecting the enhance
Slide 4: Financial metrics
Financial metrics Operating EPS Operating efficiency ratio1 $0.49 $0.44 $0.41 $0.40 $0.37 52.8% 52.8% 50.8% 50.1% 49.0% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Operating ROA Operating ROATCE1 1.38% 1.30% 1.30% 15.3% 1.16% 1.17% 13.6% 13.8% 12.8% 11.7% Q2 2025
Slide 5: Net interest margin
Net interest margin Earning assets QoQ changes in FTE net interest income* $250.8 $6.6 $3.9 $258.2 Q2 2026 Q1 2026 Change Avg. Balance Yield1 Avg. Balance Yield1 Avg. Balance Yield1 $(2.6) $(0.5) Commercial loans $ 15,856 5.48 % $ 15,846 5.48 % $ 10 — % 3.66% 3.63% Residential loans 5,189 4.93 % 5,2
Slide 6: Noninterest income
Noninterest income Q2 2026 Q1 2026 Q2 2025 QoQ YoY • Operating noninterest income increased $12.8 million or 28% linked quarter Investment advisory fees $ 19.7 $ 18.3 $ 17.3 $ 1.4 $ 2.4 primarily due to the following: Service charges on deposit accounts 10.0 9.9 8.2 0.1 1.8 • Income from investments
Slide 7: Wealth management
Wealth management Assets under management (AUM) Continued momentum $10,616 • Wealth assets increased to a record high of $11.5 billion, including approximately $10.6 billion of AUM $9,785 $9,608 • Deepening alignment between Wealth and Banking $9,233 businesses, driving more new business opportuniti
Slide 8: Noninterest expense
Noninterest expense • Total noninterest expense decreased $30.7 million, or 15% linked quarter due to lower $189.4 $198.6 non-operating and operating expenses $156.1 $167.9 $167.9 $166.4 $137.0 $134.4 $140.4 $137.2 • Non-operating expense decreased $29.2 million, largely driven by lower merger- Q2 2
Slide 9: Deposits
Deposits Period-end balances High quality, low cost portfolio $25,471 $25,105 $25,919 • Balances increased $814 million, or 3.2%, linked quarter due to $21,221 $21,117 seasonal municipal inflows and broad-based growth across business lines • Targeted actions to appropriately position offerings to de
Slide 10: Loans
Loans Period-end balances Diversified, high-performing portfolio Total commercial Residential real estate Total Consumer • Period-end loans increased $325 million, or 1.4%, linked quarter $23,574 $23,388 $23,713 $2,034 $2,024 $2,083 • C&I continued to grow as balances were up $317 million, $18,590 $
Slide 11: Securities
Securities Period-end balances1 High quality portfolio AFS securities HTM securities $5,165 • 93% in U.S. agency securities and treasury bonds $4,783 $4,669 $4,743 $4,914 $499 $713 $764 $514 $600 • Securities yield of 3.25% in Q2 2026, up 7 basis points from Q1 2026, supported by recent purchases $4
Slide 12: Capital
Capital1 Metrics 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Tier 1 leverage ratio 10.9% 11.0% 11.7% 12.3% 12.1% Common equity tier 1 ratio 13.0% 13.2% 13.2% 14.7% 14.4% Tier 1 capital ratio 13.0% 13.2% 13.2% 14.7% 14.4% Total risk-based capital ratio 14.0% 14.2% 14.3% 15.8% 15.5% Tangible co
Slide 13: Asset quality
Asset quality Non-performing loans1 Asset quality remains strong 0.75% • Non-performing loans improved, as expected, for second 0.60% 0.47% 0.30% 0.37% consecutive quarter following HarborOne merger $172 $138 • Commercial: $80.8 million $94 $109 • Residential: $21.9 million $86 $65 • Consumer: $6.6
Slide 14: Updated 2026 outlook
Updated 2026 outlook Full Year 2026 Outlook July 2026 January 2026 Loan growth (period-end) +3% - 4% +3% - 5% Deposit growth (period-end) +2% - 3% +1% - 2% Net interest income $1.005 billion - $1.020 billion $1.020 billion - $1.050 billion Net interest margin (FTE) 3.60% - 3.65% 3.65% - 3.75% Provis
Slide 15: Appendix
Appendix @eEastern Bankshares, Inc.
Slide 16: CRE exposure
CRE exposure1 Composition % of total Avg. loan • CRE portfolio of $9.4 billion, or 40% of total loans Balance CRE balance NPL% Multi-family $ 3,190 34 % $ 5.6 0.1 % • Non-owner occupied CRE to total risk-based capital Retail 1,257 13 % 3.2 — % ratio2 of 243% Office 1,143 12 % 3.7 0.6 % • Composed of
Slide 17: CRE investor office exposure
CRE investor office exposure1 Maturity schedule 2Q26 3Q26 4Q26 1Q27 • CRE investor office loans: $1.0 billion, or 4% of total Accruing $ 36 $ 42 $ 61 $ 51 loans Non-accruing — — — — • Includes Company's lab/life science exposure: Total $ 36 $ 42 $ 61 $ 51 $99 million in balances or <1% of total loan
Slide 18: Interest-earning assets repricing
Interest-earning assets repricing Loans Within Months Months Months Years Years Years Beyond (Amortized cost basis, Floating Variable Fixed Total 3 months 4-6 7-9 10-12 2-3 4-5 6-10 10 Years gross of cash flow hedges) Commercial $ 6,824 $ 2,522 $ 6,724 $ 7,332 $ 583 $ 491 $ 579 $ 2,788 $ 2,421 $ 1,6
Slide 19: Non-GAAP financial measures (1)
Non-GAAP financial measures (1) *Denotes a non-GAAP financial measure used in the document. In this presentation, the Company may refer to some non-GAAP financial measures. For a reconciliation of these measures to the most comparable GAAP measures, refer to the press release that the Company has ma
Slide 20: Non-GAAP financial measures (2)
Non-GAAP financial measures (2) Management also presents tangible assets, tangible shareholders’ equity, average tangible shareholders’ equity, tangible book value per share, the ratio of tangible shareholders’ equity to tangible assets, return on average tangible shareholders’ equity, and operating
Slide 21: Forward-looking statements
Forward-looking statements This document contains “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding anticipated future e