10-Q · May 8, 2026
Eastern Bankshares reported a strong recovery in Q1 2026 with net income of $65.3 million, compared to a loss of $217.7 million in Q1 2025. Revenue fell short of expectations at $288.3 million, slightly down from…
Earnings analysis · 10-Q
EBC earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Eastern Bankshares reported Q2 2026 revenue of $309.5 million and diluted EPS of $0.49. EPS improved materially from $0.29 in Q1, while revenue fell 19.2% sequentially and 3.9% year over year, leaving the overall…
Read full summary
Eastern Bankshares reported Q2 2026 revenue of $309.5 million and diluted EPS of $0.49. EPS improved materially from $0.29 in Q1, while revenue fell 19.2% sequentially and 3.9% year over year, leaving the overall operating trend mixed. The quarter exceeded consensus on both revenue and EPS, but the 10-Q provides no quantitative forward guidance and identifies no material changes to the company’s risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.49
What stood out
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Revenue Beat Estimates Despite Sequential Decline
Q2 revenue was $309.5 million, down 19.2% from $383 million in Q1 2026 and 3.9% from $322 million in Q2 2025. Revenue nevertheless exceeded the $307.4 million consensus estimate by approximately 0.7%.
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EPS Rebounded Sequentially
Diluted EPS was $0.49, up from $0.29 in Q1 2026 but slightly below the $0.50 reported in Q2 2025. EPS exceeded the $0.46 consensus estimate by $0.03, or 6.5%.
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Significant Share Repurchases
The company repurchased 7,512,620 shares during the six months ended June 30, 2026, at an average price of $19.67 per share.
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New $11.35 Million-Share Authorization
At June 30, 2026, 1,274,179 shares remained available under the prior repurchase authorization, while a new authorization for up to 11,350,000 shares was announced on July 23, 2026.
What to watch
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Revenue Contraction
Revenue declined from $383 million in Q1 2026 to $309.5 million in Q2 2026 and from $322 million in Q2 2025, indicating sequential and year-over-year top-line pressure.
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Capital Allocation and Buyback Risk
The company repurchased 7,512,620 shares at an average price of $19.67 during the first six months, and authorized up to 11,350,000 additional shares on July 23, 2026; continued buybacks may compete with other capital needs.
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Existing Banking Risks Persist
The filing states that risk factors had not changed materially from the 2025 Form 10-K, so previously identified risks—including non-interest expense pressure, loan portfolio quality, and deposit fluctuations—remain applicable; the filing provides no quantified improvement in these areas.
Management's outlook
The 10-Q does not provide quantitative revenue or EPS guidance; outlook was deferred to the earnings call/results materials.
Earlier filings 4
10-K · March 2, 2026
Eastern Bankshares (EBC) completed the HarborOne merger (effective November 1, 2025) and enters 2026 with $30.6B in assets, $23.6B in gross loans and $25.5B in deposits (Dec 31, 2025). After a severe securities-related…
10-Q · November 6, 2025
Eastern Bankshares delivered a strong third quarter: total revenue of $324,268,000, net income of $106,144,000 and diluted EPS of $0.53 (three months ended September 30, 2025). Quarter results reflect higher interest…
10-Q · August 8, 2025
Eastern Bankshares reported a strong operating quarter: Q2 net interest income rose to $202,030 (in thousands) and total revenue (net interest income + noninterest income) was $244,881 (in thousands), producing Q2 net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.