EBC News and Press, Eastern Bankshares Inc. From 08/12/23

2023-08-12 09:16:38 ET Summary Eastern Bankshares has struggled this year from a deposit and profit perspective. Despite this, the picture for the company is not all that bad, but it's not particularly great either. Shares look pricey and there are multiple signs of weakness t...

2023-08-10 14:38:31 ET Summary Eastern Bankshares has seen a major rally of over 40% after a 45% collapse earlier in the year. The net interest margin has improved but still lags behind similar banks. The bank has high exposure to commercial loans, which raises concerns about ...

Members serve as community ambassadors and business leaders in the communities Eastern serves Eastern Bank is pleased to announce the election of six local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: - D...

2023-07-28 15:07:03 ET Eastern Bankshares, Inc. (EBC) Q2 2023 Earnings Conference Call July 28, 2023 09:00 AM ET Company Participants Bob Rivers - Chair of the Board & Chief Executive Officer Jim Fitzgerald - Chief Administrative Officer, Chief Financial Officer ...

2023-07-28 11:30:28 ET Image source: The Motley Fool. Eastern Bankshares (NASDAQ: EBC) Q2 2023 Earnings Call Jul 28, 2023 , 9:00 a.m. ET Operator Continue reading For further details see: Eastern Bankshares (EBC) Q2 2023 Earnings Call Tra...

2023-07-27 16:31:50 ET Eastern Bankshares press release ( NASDAQ: EBC ): Q2 GAAP EPS of $0.30 in-line. Revenue of $195.4M (+8.7% Y/Y) beats by $12.05M . For further details see: Eastern Bankshares GAAP EPS of $0.30 in-line, revenue of $195.4M beats by $12.05M

~ Strong Margin Expansion the Result of the Prior Quarter’s Balance Sheet Repositioning ~ ~ Cash Raised in the Securities Sale Will Continue to Enhance the Company’s Financial Position ~ Eastern Bankshares, Inc. (the “Company,” or together with its af...

Eastern Bank is pleased to announce it has provided the financing to facilitate Raycon Construction, LLC’s sale of 100% of its stock to a newly formed Employee Stock Ownership Plan (ESOP). Founded in 2007, Raycon Construction is one of the largest privately-owned concrete construction co...

Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company’s second quarter 2023 results: About Easter...

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...