BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Genuine Food Lab, LLC (Genuine Foods) as a new asset-based lending customer. Founded in 2013, Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K–12 schools, higher education institutions, senior living communities and specialty venues across 16+ states. The company is commit...
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”) (NASDAQ: EBC), the holding company for Eastern Bank, today announced that Denis Sheahan, Chief Executive Officer, and David Rosato, Chief Financial Officer, will participate in the Barclays 23rd Annual Global Financial Services Conference, including a fireside chat, on Monday, September 8, 2025 at 3:30 PM ET. The live audio webca...
Eastern Bankshares has been a somewhat mixed performer since my last update, trailing the broader regional bank space albeit having still returned a decent 8%. As expected, a wider net interest margin has fueled a nice jump in the bank's underlying profitability. Recent trends in credit quality are also encouraging. The deal to acquire HarborOne Bancorp is seen as materially boosting next year'...
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to welcome Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking. Ms. LeMay brings over 25 years of experience advising commercial clients on interest rate risk management and structuring complex financial solutions through derivative products. “It's a pleasure to welcome Denise LeMay to our comm...
Eastern Bankshares, Inc. delivered strong Q2 results, with revenue up 59% and solid loan and deposit growth driven by recent mergers. Net interest margin expanded significantly, asset quality improved, and return metrics surged, reflecting operational strength and efficiency gains. Valuation is attractive, trading below book value with a healthy dividend yield over 3% and ongoing share repurcha...
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2025 Financial Results.
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