Eastern Bankshares, Inc.'s Q4 results showed strong revenue growth, driven by mergers, with a 35.3% increase year-over-year, beating estimates by $4.7 million. Margins are stabilizing, with an eight basis point expansion in net interest margin to 3.05%, leading to higher net interest and non-interest income. Asset quality improved, with a significant decrease in the provision for credit losses,...
Eastern Bankshares, Inc. (NASDAQ:EBC ) Q4 2024 Earnings Conference Call January 24, 2025 9:00 AM ET Company Participants Bob Rivers - Executive Chair & Chair of the Board Denis Sheahan - CEO David Rosato - CFO Conference Call Participants Greg Zingone - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Partners Operator Hello, and welcome to the Eastern Bankshares, Inc. Fou...
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to welcome Andrew Hersom as Senior Vice President, Head of Investor Relations. Mr. Hersom brings over 19 years of investor relations experience. He joins Eastern Bank from Argo Group International Holdings where he was head of investor relations responsible for interfacing with the investment community. Prior to that, Mr. Hersom was Senior Vice P...
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce that for the eleventh consecutive year, it received a score of 100 on the Human Rights Campaign Foundation's 2025 Corporate Equality Index (CEI), the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Eastern joins 765 U.S. businesses that also earned top m...
BOSTON--(BUSINESS WIRE)--Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 16th consecutive year. “Eastern is very honored to be recognized once again by the Small Business Administration as a top lender to the small business community, working together to help power the American ...
ORLANDO, Fla.--(BUSINESS WIRE)-- #CRA--Wolters Kluwer Compliance Solutions has named Massachusetts-based Eastern Bank as the winner of its 2024 Community Impact Award. The announcement was made at the company's 28th annual CRA & Fair Lending Colloquium held Nov. 17-20 at the Omni Orlando Resort at Championsgate, Fla. Award winners demonstrate the creativity, impact, and economic sustainability ...
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