Eastern Bankshares (EBC) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Eastern Bankshares is expected to report Q3 2026 results after market close on October 22. Analysts forecast EPS of $0.4913 and revenue of $310.60 million; the earnings call is scheduled for October 23 at 9:00 a.m. ET.
• The bank exceeded expectations in the prior quarter, reporting $0.49 EPS versus the $0.46 consensus and $316.01 million in revenue versus $308.20 million expected.
• Shares opened at $20.83, while analysts maintain a “Moderate Buy” consensus with an average price target of $24.86. Eastern Bankshares also pays a quarterly dividend of $0.15, representing a 2.9% yield.

Eastern Bankshares (NASDAQ:EBC - Get Free Report) is expected to issue its Q3 2026 results after the market closes on Thursday, October 22nd. Analysts expect the company to post earnings of $0.4913 per share and revenue of $310.60 million for the quarter. Investors may visit the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Friday, October 23, 2026 at 9:00 AM ET.

Eastern Bankshares (NASDAQ:EBC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The firm had revenue of $316.01 million during the quarter, compared to analysts' expectations of $308.20 million. Eastern Bankshares had a net margin of 25.12% and a return on equity of 8.71%. On average, analysts expect Eastern Bankshares to post $1.87 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.

Eastern Bankshares Trading Down 0.6%

Eastern Bankshares stock opened at $20.83 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 11.84 and a beta of 0.70. Eastern Bankshares has a one year low of $16.61 and a one year high of $23.77. The company's fifty day moving average price is $21.96 and its two-hundred day moving average price is $21.31.

Eastern Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Eastern Bankshares's payout ratio is currently 34.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and set a $26.00 price objective (up from $24.00) on shares of Eastern Bankshares in a report on Monday, July 27th. TD Cowen cut their price objective on Eastern Bankshares from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. Barclays boosted their target price on Eastern Bankshares from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Monday, October 5th. Wall Street Zen raised Eastern Bankshares from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Eastern Bankshares in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.86.

Insider Transactions at Eastern Bankshares

In other Eastern Bankshares news, Director Joseph Casey sold 1,778 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $22.69, for a total transaction of $40,342.82. Following the completion of the sale, the director directly owned 60,301 shares in the company, valued at $1,368,229.69. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald Westermann sold 23,005 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $21.43, for a total value of $492,997.15. Following the completion of the sale, the insider directly owned 22,565 shares in the company, valued at approximately $483,567.95. This represents a 50.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,190 shares of company stock valued at $1,452,900 over the last 90 days. Corporate insiders own 1.26% of the company's stock.

About Eastern Bankshares

Eastern Bankshares, Inc NASDAQ: EBC is the holding company for Eastern Bank, a full-service commercial bank headquartered in Boston, Massachusetts. Founded in 1818, Eastern Bank is one of the oldest and largest mutual bank franchises in the United States before becoming a publicly traded company in 2020.

Eastern Bank provides banking and financial services to businesses, organizations, professionals and individual consumers. Its offerings include commercial and residential lending, business and personal deposit accounts, cash-management and treasury services, consumer banking, mortgage services, wealth management and investment services.

The company primarily serves communities in eastern Massachusetts and southern New Hampshire through a network of banking offices and digital banking channels.

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