Eastern Bankshares Q2 FY26 net income rises 61.1% to $105.2 million; revenue increases 7.39% to $309.5 million

Reuters2026/07/23 20:37

By:Reuters

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Eastern Bankshares posts Q2 2026 net income of USD 105.2 million, up 61.1% from Q1; diluted EPS rises to USD 0.48.
Net interest income climbs 3% from Q1 to USD 251.9 million; net interest margin widens 0.03 percentage point to 3.66%.
Noninterest income jumps 32.1% to USD 57.6 million, helped by USD 7 million retirement-benefit investment income; noninterest expense drops 15.4% to USD 167.9 million.
Loans increase 1.4% from Q1 to USD 23.71 billion; deposits grow 3.2% to USD 25.92 billion on seasonal municipal inflows.
Board authorizes a new buyback of up to 11,350,000 shares, or 5% of outstanding stock; Q2 repurchases total USD 72.7 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastern Bankshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607231615BIZWIRE_USPR_____20260723_BW377045) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Eastern Bankshares Q2 FY26 net income rises 61.1% to $105.2 million; revenue increases 7.39% to $309.5 million

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