Eastern Bankshares (EBC) Expected to Announce Earnings on Thursday

Key Points

• Q1 2026 results expected after market close on Apr 23: Analysts forecast EPS of $0.4728 and revenue of $308.682M, with the conference call scheduled for Apr 24 at 9:00 AM ET.
• Eastern beat the prior quarter (reported $0.44 EPS vs. $0.41 consensus and $290.11M revenue) and analysts now expect about $1 EPS for the current fiscal year and $2 for next year, with a consensus rating of Moderate Buy and an average price target of $22.75.
• The firm pays a quarterly dividend of $0.13 (2.5% yield) but has a high payout ratio (126.83%); insiders have recently sold sizable stakes and the stock trades at a PE of 50.44 with a $4.85B market cap.

Eastern Bankshares (NASDAQ:EBC - Get Free Report) is anticipated to issue its Q1 2026 results after the market closes on Thursday, April 23rd. Analysts expect the company to announce earnings of $0.4728 per share and revenue of $308.6820 million for the quarter. Individuals can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Friday, April 24, 2026 at 9:00 AM ET.

Eastern Bankshares (NASDAQ:EBC - Get Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. Eastern Bankshares had a net margin of 8.32% and a return on equity of 8.25%. The firm had revenue of $290.11 million for the quarter, compared to analyst estimates of $287.09 million. On average, analysts expect Eastern Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eastern Bankshares Stock Up 0.0%

EBC stock opened at $20.68 on Thursday. Eastern Bankshares has a one year low of $14.10 and a one year high of $22.58. The stock has a market capitalization of $4.85 billion, a PE ratio of 50.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $20.10 and a 200-day moving average of $19.21.

Eastern Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, March 6th. Eastern Bankshares's dividend payout ratio is currently 126.83%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EBC shares. Hovde Group assumed coverage on shares of Eastern Bankshares in a research report on Monday, January 5th. They issued an "outperform" rating and a $22.50 price objective for the company. Barclays increased their target price on Eastern Bankshares from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 7th. Stephens set a $24.00 price target on Eastern Bankshares and gave the company an "overweight" rating in a report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of Eastern Bankshares in a research note on Friday, March 27th. Finally, Zacks Research raised Eastern Bankshares from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Eastern Bankshares currently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Insider Buying and Selling

In other news, insider Donald Michael Westermann sold 21,256 shares of the firm's stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $20.11, for a total value of $427,458.16. Following the completion of the transaction, the insider owned 20,860 shares in the company, valued at $419,494.60. This trade represents a 50.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO David Andrew Ahlquist sold 10,000 shares of Eastern Bankshares stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $21.65, for a total value of $216,500.00. Following the transaction, the chief accounting officer directly owned 9,518 shares of the company's stock, valued at $206,064.70. This trade represents a 51.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Eastern Bankshares

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its position in Eastern Bankshares by 18.4% during the third quarter. Sei Investments Co. now owns 14,930 shares of the company's stock worth $271,000 after acquiring an additional 2,323 shares during the last quarter. Cibc World Markets Corp acquired a new position in Eastern Bankshares in the 4th quarter valued at $270,000. PCM Encore LLC acquired a new position in Eastern Bankshares in the 4th quarter valued at $260,000. EP Wealth Advisors LLC purchased a new position in shares of Eastern Bankshares during the 4th quarter worth $235,000. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Eastern Bankshares by 6.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,102 shares of the company's stock worth $200,000 after purchasing an additional 740 shares during the period. 71.68% of the stock is currently owned by hedge funds and other institutional investors.

About Eastern Bankshares

Eastern Bankshares, Inc is the bank holding company for Eastern Bank, one of the oldest and largest mutual banks in the United States. Founded in 1818 as Salem Savings Bank and later rebranded as Eastern Bank in 1989, the company preserved its mutual ownership structure for more than two centuries. In March 2020, it completed an initial public offering and began trading on the Nasdaq under the ticker EBC, while continuing to emphasize its community-focused heritage.

Through its primary subsidiary, Eastern Bank, the company delivers a broad range of commercial and consumer banking products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.