Eastern Bankshares, Inc. · NASDAQ:EBC
Eastern Bankshares — Q1 2026 Earnings Presentation
21 slides from Eastern Bankshares's earnings presentation, Apr 24, 2026
Slide 1: Q1 Earnings Presentation
Q1 Earnings Presentation April 23, 2026
Slide 2: Q1 2026 highlights
Q1 2026 highlights Key Metrics Highlights Solid Q1 performance - in line with our expectations - results reflect impact of seasonal trends $65.3 million • Operating income decreased 6% linked quarter, but up 31% from a year ago Net income • NIM expanded 2 basis points linked quarter primarily due to
Slide 3: Income statement
Income statement $ in millions, except per share amounts Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 • Operating net income increased 31% Net interest income $ 244.7 $ 237.4 $ 200.2 $ 202.0 $ 188.9 from a year ago reflecting the Noninterest income (loss) 43.6 46.1 41.3 42.9 (236.1) enhanced earnings pow
Slide 4: Financial metrics
Financial metrics Operating EPS Operating efficiency ratio1 $0.44 $0.41 $0.40 $0.37 $0.34 53.7% 52.8% 52.8% 50.8% 50.1% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Operating ROA Operating ROATCE1 1.30% 1.30% 13.6% 13.8% 12.8% 1.16% 1.17% 11.7% 1.09% 11.7% Q1 2025
Slide 5: Net interest margin
Net interest margin Earning assets QoQ changes in FTE net interest income* Q1 2026 Q4 2025 Change $243.4 $6.1 $6.9 $250.8 Avg. Balance Yield1 Avg. Balance Yield1 Avg. Balance Yield1 $(3.0) $(2.6) Commercial loans $ 15,846 5.48 % $ 14,842 5.67 % $ 1,004 (0.19)% 3.63% 3.61% Residential loans 5,228 4.7
Slide 6: Noninterest income
Noninterest income Q1 2026 Q4 2025 Q1 2025 QoQ YoY • Operating noninterest income decreased $1.6 million or 3.4% linked Investment advisory fees $ 18.3 $ 18.6 $ 16.4 $ (0.3) $ 1.9 quarter primarily due to the following: Service charges on deposit accounts 9.9 9.9 8.3 — 1.6 • Investments for employee
Slide 7: Wealth management
Wealth management Assets under management (AUM) Continued momentum in Wealth Management $9,785 $9,608 • Wealth assets increased to a record high of $10.3 billion, $9,233 including approximately $9.8 billion of AUM, and benefited $8,718 from positive net flows, partially offset by weaker equity $8,44
Slide 8: Noninterest expense
Noninterest expense $189.4 $198.6 $156.1 $167.9 • Noninterest expense increased $9.2 $130.1 $130.1 $137.0 $134.4 $140.4 $137.2 million, or 4.9% linked quarter, primarily driven by higher operating costs, partially Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 offset by lower non-operating expense Noninter
Slide 9: Deposits
Deposits Period-end balances High quality, low cost deposit portfolio $25,471 $25,105 • Balances decreased from year-end, as expected, primarily due to $20,797 $21,221 $21,117 seasonal outflows and elevated competitive environment for deposits. • $81 million of HarborOne's brokered deposits matured
Slide 10: Loans
Loans Period-end balances Diversified, high-performing loan portfolio Total commercial Residential real estate Total Consumer $23,574 $23,388 • Modest decrease in balances, as expected, from year-end due $2,034 $2,024 in part to NPL paydowns and CRE payoffs $18,204 $18,590 $18,829 $5,516 $5,467 $1,6
Slide 11: Securities
Securities Period-end balances1 High quality portfolio AFS securities HTM securities • 93% in US agency securities and treasury bonds $4,859 $4,783 $4,669 $4,743 $4,914 $441 $499 $514 $600 $713 • Securities yield of 3.18% in Q1 2026, up 14 basis points from Q4 2025, supported by recent purchases $4,
Slide 12: Capital
Capital1 Metrics 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Tier 1 leverage ratio 11.0% 11.7% 12.3% 12.1% 11.7% Common equity tier 1 ratio 13.2% 13.2% 14.7% 14.4% 14.1% Tier 1 capital ratio 13.2% 13.2% 14.7% 14.4% 14.1% Total risk-based capital ratio 14.2% 14.3% 15.8% 15.5% 15.2% Tangible co
Slide 13: Asset quality
Asset quality Non-performing loans1 Strong asset quality 0.75% 0.60% • Non-performing loans decreased $34.6 million linked quarter 0.51% 0.37% 0.30% $172 • Commercial: $110 million $138 • Residential: $22 million $94 $86 • Consumer: $6 million $92 $78 $55 $69 $52 • Provision for loan losses: $5.8 mi
Slide 14: 2026 Outlook
2026 Outlook Full Year 2026 Outlook Loan growth (period-end) +3% - 5% Deposit growth (period-end) +1% - 2% Net interest income $1.02 - $1.05 billion Net interest margin (FTE) 3.65% - 3.75% Provision $30 - $40 million Noninterest income (operating) $190 - $200 million Noninterest expense (operating)
Slide 15: Appendix
Appendix @eEastern Bankshares, Inc.
Slide 16: CRE exposure
CRE exposure1 Composition % of total Avg. loan • CRE portfolio of $9.5 billion, or 41% of total loans Balance CRE balance NPL% Multi-family $ 3,103 33 % $ 5.3 0.6 % • Non-owner occupied CRE to total risk-based capital Retail 1,254 13 % 3.1 0.6 % ratio2 of 245% Office 1,156 12 % 3.6 1.0 % • Composed
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 $ 29 $ 27 $ 42 $ 63 loans Non-accruing — — — — • Includes company's lab/life science exposure: Total $ 29 $ 27 $ 42 $ 63 $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 $ 6,441 $ 2,587 $ 6,731 $ 6,948 $ 547 $ 509 $ 459 $ 2,917 $ 2,414 $ 1,7
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