Eastern Bankshares (EBC) Expected to Post Earnings on Thursday

Eastern Bankshares (NASDAQ:EBC) will likely be releasing its Q3 2026 results after the market closes on Thursday, October 22nd. Analysts expect Eastern Bankshares to announce earnings of $0.4913 per share and revenue of $310.60 million for the quarter. Parties are encouraged to explore the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Friday, October 23, 2026 at 9:00 AM ET.

Eastern Bankshares (NASDAQ:EBC) last announced its earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Eastern Bankshares had a net margin of 25.12% and a return on equity of 8.71%. The business had revenue of $316.01 million during the quarter, compared to analysts’ expectations of $308.20 million. On average, analysts expect Eastern Bankshares to post $1.88 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.

Eastern Bankshares Trading Up 2.2%

Shares of EBC stock opened at $21.47 on Wednesday. The company has a market capitalization of $4.91 billion, a P/E ratio of 12.20 and a beta of 0.70. Eastern Bankshares has a 12-month low of $16.61 and a 12-month high of $23.77. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $21.82 and a 200 day moving average price of $21.36.

Eastern Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 8th. Eastern Bankshares’s payout ratio is presently 34.09%.

Insider Activity at Eastern Bankshares

In other Eastern Bankshares news, insider Donald Westermann sold 23,005 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $21.43, for a total transaction of $492,997.15. Following the transaction, the insider owned 22,565 shares in the company, valued at $483,567.95. This represents a 50.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Casey sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $22.72, for a total transaction of $227,200.00. Following the transaction, the director directly owned 62,079 shares in the company, valued at $1,410,434.88. This represents a 13.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,190 shares of company stock worth $1,452,900 in the last ninety days. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stephens lowered Eastern Bankshares from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a research report on Tuesday, July 28th. Piper Sandler reissued an “overweight” rating and issued a $26.00 price objective (up from $24.00) on shares of Eastern Bankshares in a research note on Monday, July 27th. DA Davidson boosted their price objective on Eastern Bankshares from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. TD Cowen decreased their target price on Eastern Bankshares from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Hovde Group raised their target price on Eastern Bankshares from $23.50 to $26.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Eastern Bankshares presently has a consensus rating of “Moderate Buy” and an average price target of $24.86.

Eastern Bankshares Company Profile

Eastern Bankshares, Inc (NASDAQ:EBC) is the holding company for Eastern Bank, a full-service commercial bank headquartered in Boston, Massachusetts. Founded in 1818, Eastern Bank is one of the oldest and largest mutual banks in the United States to have converted to public ownership.

Eastern Bank provides a range of personal and business banking products, including checking and savings accounts, residential and commercial real estate loans, consumer lending, commercial loans, cash-management services and online banking.