Welcome to our dedicated page for Eastern Bankshares news (Ticker: EBC), a resource for investors and traders seeking the latest updates and insights on Eastern Bankshares stock.
Eastern Bankshares, Inc. reports news as the holding company for Eastern Bank, a regional banking institution serving consumers, commercial clients and small businesses in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Recurring updates cover operating results, loan and deposit trends, dividends, share repurchases and the integration of completed bank acquisitions.
Company announcements also describe Eastern Bank’s commercial lending, community development financing, affordable housing loans, ESOP-related financing, treasury services, and wealth management, trust and private banking activity through Cambridge Trust Wealth Management. Leadership appointments and human capital governance updates are recurring corporate topics.
Coeur Mining (NYSE:CDE) will be added to the S&P MidCap 400, effective before the market opens on June 22, 2026, as part of S&P Dow Jones Indices’ quarterly rebalance.
CDE will join the index’s Materials sector, replacing BellRing Brands.
Eastern Bank (EBC) is providing financing to support Surety Bond Professionals’ transition to a 100% employee-owned company. The package includes a term loan to establish an ESOP, a revolving line of credit for working capital, cash management tools, and access to wealth management and retirement planning services.
The deal highlights Eastern Bank’s commercial lending capabilities in ESOP-related financing and contractor-focused businesses.
Eastern Bank (NASDAQ:EBC) led the financing for Wood Partners’ Alta Altitude, a 214-unit, 100% market‑rate luxury apartment development in Warwick, RI’s City Centre district.
Eastern provided a $31 million construction loan, marking its ninth multifamily project with Wood Partners and first in Rhode Island.
Eastern Bank (EBC) promoted Yongmei Chen to Commercial Group Director of Community Development Lending effective May 7, 2026, succeeding Pamela Feingold, who died March 16, 2026. Ms. Chen has 30+ years of banking experience, joined Eastern in 2007, and helped grow the portfolio from under $600 million to over $2 billion.
She specializes in nonprofit lending for affordable housing and serves on multiple community and housing boards. Eastern outlined its community development finance products including construction, NMTC and LIHTC layered loans, tax-exempt bond financing, and treasury services.
Eastern Bankshares (NASDAQ: EBC) reported Q1 2026 results with net income $65.3M ($0.29 diluted) and operating net income $88.6M ($0.40 diluted). The company announced a 15% quarterly dividend increase and repurchased $75.1M of common stock (3.9M shares).
Key metrics: NIM (FTE) 3.63%, wealth assets $10.3B, non-performing loans $137.7M (0.60% of loans), and provision for loan losses $5.8M.
Eastern Bankshares (NASDAQ: EBC) will release first quarter 2026 results on Thursday, April 23, 2026 after market close and hold a conference call on Friday, April 24, 2026 at 9:00 AM ET.
Participants may join by toll-free dial-in or via a simultaneous webcast on the company investor relations site; a replay will be available on demand.
Eastern Bank (NYSE:EBC) promoted Jennifer Wambold to Executive Vice President, Chief People Officer and appointed her to the bank's Management Committee effective March 25, 2026. Ms. Wambold joined Eastern in 2025 to lead compensation, benefits and recognition strategies and will continue reporting to EVP Kathy Henry.
She brings more than 30 years of HR leadership across companies including XR Extreme Reach and Plymouth Rock Assurance, and will focus on talent management, employee engagement and workforce effectiveness.
Eastern Bank (EBC) provided a $68.6 million construction financing package for 775 Huntington Avenue, a new 13-story mixed-income residential development in Boston’s Mission Hill. The project will create 57 affordable rental units and 55 mixed-income homeownership units (27 affordable, 28 market-rate) and includes commercial space and structured parking.
The sponsor is Roxbury Tenants of Harvard, a resident-controlled nonprofit serving more than 1,000 housing units and resident services; Eastern served as lead lender and highlighted its community development lending capabilities.
Eastern Bank (NYSE:EBC) announced Judith L. Bomster, J.D., as Senior Vice President, Senior Trust Officer for Cambridge Trust Wealth Management effective March 4, 2026.
Ms. Bomster brings 25+ years of trust and estate law experience, leadership in special needs planning, and roles at Morneau Law and Sheehan Phinney.
Eastern Bank (NYSE:EBC) provided financing to support BostonbeaN Coffee Company’s conversion to 100% employee ownership via an ESOP on February 12, 2026. The package includes a term loan to establish the ESOP and a revolving line of credit for working capital.
BostonbeaN, founded more than 60 years ago, supplies coffee, pantry and breakroom solutions across the region. Eastern Bank will also offer ongoing commercial banking services and advised via its Commercial Banking team.