EBC News and Press, Eastern Bankshares Inc. From 05/03/21

Eastern Insurance Group LLC , a wholly owned subsidiary of Eastern Bank , announced today that it has acquired the operating assets of the Barr Insurance Agency, Inc., a full-service, family-operated insurance agency headquartered in Watertown, MA. The transaction is effective M...

Image source: The Motley Fool. Eastern Bankshares, Inc. (NASDAQ: EBC) Q1 2021 Earnings Call Apr 30, 2021 , 9:00 a.m. ET Operator Continue reading For further details see: Eastern Bankshares, Inc. (EBC) Q1 2021 Earnings Call Transcript

Eastern Bankshares (EBC): Q1 Non-GAAP EPS of $0.27 beats by $0.07; GAAP EPS of $0.28 beats by $0.08.Revenue of $155.3M (+14.6% Y/Y) beats by $17.04M.Press Release For further details see: Eastern Bankshares EPS beats by $0.07, beats on revenue

Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiaries, “Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced 2021 first quarter financial results. Net income for the first...

Genworth Financial finally terminates its deal with China Oceanwide. Tribune Publishing Company receives a revised, non-binding proposal from Newslight. Leaf Group to be acquired by Graham Holdings Company. For further details see: Merger Arbitrage Mondays - Leaf Group A...

Boston-based Eastern Bankshares (NASDAQ: EBC) , which went public in October, surprised many with its recent announcement that it plans to purchase neighboring Century Bancorp (NASDAQ: CNBKA) . While many expected Eastern to make a big deal, given that it was sitting on a wa...

Class A shares of Century Bancorp (NASDAQ: CNBKA) , a $6.3 billion asset bank in the Boston area, jumped nearly 25% in the late morning today after the company announced that it plans to be acquired by Eastern Bankshares (NASDAQ: EBC) . Eastern plans to acquire Century f...

The management's plans to acquire loans will likely improve the asset mix and expand the net interest margin. The provision expense will likely decline because EBC already has a high level of allowances for loan losses that will likely cover upcoming loan impairments. After surgin...

Key Highlights: Merger creates $22 billion combined franchise and solidifies Eastern’s leading position in Boston and Eastern Massachusetts Financially compelling transaction with 55% EPS accretion on a fully synergized basis Eastern announces 33% incr...

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 first quarter 2021 results: Abo...