Eastern Bankshares (EBC) Expected to Announce Earnings on Thursday

Eastern Bankshares (NASDAQ:EBC) is projected to post its Q1 2026 results after the market closes on Thursday, April 23rd. Analysts expect Eastern Bankshares to post earnings of $0.4728 per share and revenue of $308.6820 million for the quarter. Individuals can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Friday, April 24, 2026 at 9:00 AM ET.

Eastern Bankshares (NASDAQ:EBC) last announced its earnings results on Thursday, January 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Eastern Bankshares had a net margin of 8.32% and a return on equity of 8.25%. The firm had revenue of $290.11 million for the quarter, compared to analyst estimates of $287.09 million. On average, analysts expect Eastern Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eastern Bankshares Stock Performance

Shares of Eastern Bankshares stock opened at $20.39 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.78 billion, a PE ratio of 49.73 and a beta of 0.76. The company has a 50 day moving average of $20.03 and a 200-day moving average of $19.29. Eastern Bankshares has a 1-year low of $14.10 and a 1-year high of $22.58.

Eastern Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.6%. Eastern Bankshares’s dividend payout ratio (DPR) is currently 126.83%.

Insider Activity at Eastern Bankshares

In related news, CAO David Andrew Ahlquist sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $21.65, for a total value of $216,500.00. Following the completion of the transaction, the chief accounting officer owned 9,518 shares of the company’s stock, valued at $206,064.70. This represents a 51.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO R David Rosato purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $19.17 per share, with a total value of $95,850.00. Following the purchase, the chief financial officer directly owned 45,000 shares of the company’s stock, valued at approximately $862,650. The trade was a 12.50% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Eastern Bankshares

Several large investors have recently modified their holdings of EBC. California State Teachers Retirement System raised its stake in Eastern Bankshares by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 179,379 shares of the company’s stock valued at $2,739,000 after purchasing an additional 660 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Eastern Bankshares by 6.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,102 shares of the company’s stock valued at $200,000 after purchasing an additional 740 shares during the last quarter. Stifel Financial Corp raised its stake in Eastern Bankshares by 2.9% in the 4th quarter. Stifel Financial Corp now owns 44,197 shares of the company’s stock valued at $815,000 after purchasing an additional 1,228 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Eastern Bankshares by 1.6% in the 4th quarter. Russell Investments Group Ltd. now owns 87,840 shares of the company’s stock valued at $1,619,000 after purchasing an additional 1,347 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Eastern Bankshares by 14.1% in the 4th quarter. Mackenzie Financial Corp now owns 13,882 shares of the company’s stock valued at $257,000 after purchasing an additional 1,714 shares during the last quarter. Institutional investors own 71.68% of the company’s stock.

Analyst Ratings Changes

EBC has been the topic of several analyst reports. Zacks Research upgraded shares of Eastern Bankshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Barclays increased their price target on shares of Eastern Bankshares from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Stephens initiated coverage on shares of Eastern Bankshares in a research report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastern Bankshares in a research report on Friday, March 27th. Finally, Hovde Group initiated coverage on shares of Eastern Bankshares in a research report on Monday, January 5th. They set an “outperform” rating and a $22.50 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

About Eastern Bankshares

Eastern Bankshares, Inc is the bank holding company for Eastern Bank, one of the oldest and largest mutual banks in the United States. Founded in 1818 as Salem Savings Bank and later rebranded as Eastern Bank in 1989, the company preserved its mutual ownership structure for more than two centuries. In March 2020, it completed an initial public offering and began trading on the Nasdaq under the ticker EBC, while continuing to emphasize its community-focused heritage.

Through its primary subsidiary, Eastern Bank, the company delivers a broad range of commercial and consumer banking products.