Eastern Bankshares Inc (FRA:EB0)

Q3 2025 Eastern Bankshares Inc Earnings Call Transcript

Oct 24, 2025 / 01:00 PM GMT

Release Date Price: €15.6 (+0.65%)

Transcript 10-Q8-K

Key Points

Positve

Eastern Bankshares Inc (EBC) reported a 44% increase in third-quarter operating earnings compared to the previous year, reaching $74.1 million.
The company received regulatory approvals for its merger with Harbor One, which is expected to enhance its presence in Greater Boston and expand into Rhode Island.
Assets under management reached a record high of $9.2 billion, driven by market appreciation and positive net flows.
Eastern Bankshares Inc (EBC) announced the resumption of its share buyback program, reflecting confidence in future performance.
The company's capital position remains robust, with a tangible book value per share increase of 10% from the beginning of the year.

Negative

Net interest income and margin declined from the second quarter due to higher deposit costs and lower net discount accretion.
Non-interest income decreased by $2.5 million on an operating basis, primarily due to lower income from investments held for employee retirement benefits.
Non-interest expense increased by $3.5 million from the second quarter, driven by higher operating expenses and merger-related costs.
The cost of interest-bearing deposits increased, primarily driven by money market accounts, amid heightened competition for deposits.
Non-performing loans rose by $14 million, driven primarily by a single mixed-use office loan, indicating some challenges in the loan portfolio.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EBC.OQ - Eastern Bankshares Inc
Q3 2025 Eastern Bankshares Inc Earnings Call
Oct 24, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Eastern Bank Shares in 3rd quarter 2025 earnings conference call. Currently all participant lines are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. Please note this event is being recorded for replay purposes. In connection with today's call, the company posted a presentation on its investor relations website, investor. Easternbank.com, which will be referenced during the call.

Today's call will include forward-looking statements. The company cautions investors that any forward-looking statements involves risks and uncertainties and is not guarantee of future performance. Actual results may materially differ from those expressed or implied in the forward

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