EBC News and Press, Eastern Bankshares Inc. From 06/07/23

Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company. Founded in 1984, SPS New England is a bridge, highway, transit and marine contractor providing construction, bridge repair and design-build services to...

Three of Boston’s award-winning business leaders in the hospitality and entertainment sector, Nia Grace—owner of Darryl’s Corner Bar & Kitchen and The Underground Café & Lounge—along with Ed Kane and Randy Greenstein—owners of Big Night Entert...

2023-05-30 07:16:51 ET Summary New York Community Bancorp (NYCB) has emerged as a strong regional banking opportunity due to its acquisition of assets and liabilities from the failed Signature Bank, diversified portfolio, and solid liquidity and capital ratios. The bank's risk pro...

2023-05-02 06:00:00 ET Following the failure of several prominent midsize U.S. banks, lots of other banks have been thinking about what to do with their underwater bond portfolios and how much liquidity to maintain in an environment filled with uncertainty. The Boston-based regional len...

2023-04-28 15:32:31 ET Image source: The Motley Fool. Eastern Bankshares (NASDAQ: EBC) Q1 2023 Earnings Call Apr 28, 2023 , 9:00 a.m. ET Operator Continue reading For further details see: Eastern Bankshares (EBC) Q1 2023 Earnings Call Tra...

2023-04-28 14:15:24 ET Eastern Bankshares, Inc. (EBC) Q1 2023 Earnings Conference Call April 28, 2023 09:00 AM ET Company Participants Robert F. Rivers - Chairman and CEO James B. Fitzgerald - CAO, Treasurer, and CFO Conference Call Participants Damon Del...

2023-04-28 09:24:23 ET The following slide deck was published by Eastern Bankshares, Inc. in conjunction with their 2023 Q1 earnings call. For further details see: Eastern Bankshares, Inc. 2023 Q1 - Results - Earnings Call Presentation

2023-04-27 16:49:17 ET Eastern Bankshares press release ( NASDAQ: EBC ): Q1 Non-GAAP EPS of $0.38. For further details see: Eastern Bankshares Non-GAAP EPS of $0.38, revenue of $416.6M

~ Strengthens Liquidity Through Balance Sheet Repositioning – Provides 107% Coverage of All Uninsured and Uncollateralized Deposits While Maintaining Strong Capital Position ~ Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiarie...

2023-04-23 03:38:46 ET Summary The net interest margin will face pressure in the first half of 2023 due to deposit re-pricing. Loan growth will slow down as the management is more focused on pricing than volume. Further, high borrowing costs will drag the loan growth. The year...