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. (NASDAQ: EBC) is the holding company for Eastern Bank, which it describes as Greater Boston’s leading local bank. News about EBC often centers on its regional banking activities, commercial lending relationships, wealth management initiatives and corporate developments. Eastern Bank operates approximately 109 to 110 branches across eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut, and provides banking and wealth management solutions for consumers and businesses of all sizes.
The EBC news feed highlights announcements of new commercial banking customers and financing arrangements, such as working capital facilities, revolving lines of credit and cash management services for companies in sectors ranging from security solutions to marketing logistics. Releases also cover Eastern’s recognition as a top SBA 7(a) lender in Massachusetts, reflecting its role in small business lending and programs like its Equity Alliance for Business, which is designed to support women and entrepreneurs of color.
Investors and analysts following Eastern Bankshares, Inc. will find regular updates on quarterly earnings release dates, conference calls and webcasts, as well as detailed financial results and commentary from management on loan growth, profitability metrics, net interest margin and asset quality. Corporate actions, including share repurchase authorizations, dividend declarations and governance matters, are also disclosed through company news and related SEC filings.
Another key theme in EBC news is merger and acquisition activity. Eastern has reported on its agreement to acquire HarborOne Bancorp, Inc., the receipt of required regulatory approvals and the completion of the merger, including the proration of stock and cash consideration for HarborOne shareholders and the integration of HarborOne Bank into Eastern Bank. For ongoing coverage of these developments and other company updates, the EBC news page aggregates press releases and third-party reports in one place.
Eastern Bank (NASDAQ:EBC) has appointed Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales in its Commercial Banking division. LeMay brings over 25 years of experience in advising commercial clients on interest rate risk management and derivative products.
Prior to joining Eastern Bank, LeMay served as SVP, Treasury Capital Markets Trading Manager at M&T Bank, where she played a crucial role in the LIBOR to SOFR transition. She previously led the Interest Rate Derivatives program at People's United Bank, transforming it into a key revenue driver.
Eastern Bankshares (NASDAQ: EBC) reported strong Q2 2025 financial results with net income of $100.2 million ($0.50 per diluted share) and operating net income of $81.7 million ($0.41 per diluted share). The bank achieved a return on average assets of 1.60% and return on average tangible equity of 16.44%.
Key highlights include: 8% annualized loan growth, net interest margin expansion of 21 basis points to 3.59%, and improved asset quality with non-performing loans decreasing to 0.30% of total loans from 0.51%. Period-end deposits grew by $424 million to $21.2 billion, primarily driven by municipal balances, while maintaining stable deposit costs.
The company declared a quarterly cash dividend of $0.13 per share and repurchased 183,053 shares at an average price of $16.36. Integration planning with HarborOne is progressing well, focusing on delivering a seamless transition.
Eastern Bank (NYSE:EBC) has been recognized for the second consecutive year as a Best Place to Work for Disability Inclusion on the 2025 Disability Index® by Disability:IN. The bank's commitment to disability inclusion is demonstrated through its comprehensive health and wellness benefits, employee-led disAbility Advocacy Alliance resource group, and initiatives supporting both apparent and nonapparent disabilities.
The recognition highlights Eastern's people-first culture and its efforts to create an inclusive workplace. Notable initiatives include co-hosting a screening of "The 17 Percent," featuring neurodiverse business owner and Eastern customer Collette Divitto, demonstrating the bank's commitment to supporting entrepreneurs with disabilities.
Eastern Bank Foundation (NASDAQ:EBC) has appointed Eva A. Millona as Foundation Fellow to lead its new Career-Focused English Proficiency Initiative (CFEPI). The Foundation has committed $10 million over three years to create a career-focused English learning system.
Millona, a former presidential appointee at the U.S. Department of Homeland Security and ex-CEO of Massachusetts Immigrant and Refugee Advocacy Coalition (MIRA), brings extensive experience in immigration and integration policy. The initiative aims to address Massachusetts' projected workforce decline of 180,000 workers by 2030, focusing on economic inclusion and mobility through enhanced English proficiency programs.
Eastern Bankshares (NASDAQ:EBC), the holding company for Eastern Bank, has scheduled its second quarter 2025 earnings release for Thursday, July 24, 2025 after market close. The company will host a conference call to discuss the results on Friday, July 25, 2025 at 9:00 AM ET.
Investors can join via telephone using the toll-free number (800) 549-8228 with Conference ID 88195, or access the simultaneous webcast through Eastern's Investor Relations website at investor.easternbank.com. A replay of the webcast will be available on-demand on the same website.
Eastern Bank (EBC) has appointed David Ciolfi as Senior Vice President, Team Lead for Business Development at Cambridge Trust Private Banking, a Division of Eastern Bank. Ciolfi brings over 20 years of experience in financial and investment advisory services. Most recently, he served as Senior Advisor at Citizens Private Wealth, where he led private wealth efforts across Greater Boston, Connecticut, New York, and Rhode Island. He previously held positions at Wells Fargo Private Bank and various senior roles at Citizens Private Wealth.
Ciolfi holds a BA from the College of the Holy Cross, an MBA from Babson College, and is a Certified Wealth Strategist with FINRA Series 7 and 66 licenses. In his new role, he will focus on delivering personalized banking experiences and comprehensive solutions for individual and business clients.
Eastern Bankshares (EBC) and HarborOne Bancorp (HONE) have announced a definitive merger agreement valued at approximately $490 million. Under the terms, HarborOne shareholders will receive either 0.765 shares of Eastern common stock or $12.00 in cash per share, with stock consideration representing 75-85% of the total transaction.
The merger will strengthen Eastern's position in Greater Boston and expand into Rhode Island. The combined entity will have approximately $30.7 billion in assets, with Eastern contributing $25.0 billion and HarborOne adding $5.7 billion. The transaction is expected to provide 16% EPS accretion and a tangible book value earnback of 2.8 years.
The merger is anticipated to close in the fourth quarter of 2025, subject to regulatory approvals and HarborOne shareholder approval. Upon closing, HarborOne's CEO Joseph Casey and one other director will join Eastern's Board of Directors.