Eastern Bankshares (EBC) to Post Quarterly Earnings on Thursday

Eastern Bankshares (NASDAQ:EBC) is anticipated to release its Q2 2026 results after the market closes on Thursday, July 23rd. Analysts expect the company to announce earnings of $0.46 per share and revenue of $308.1990 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Friday, July 24, 2026 at 9:00 AM ET.

Eastern Bankshares (NASDAQ:EBC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $295.90 million for the quarter, compared to analysts’ expectations of $308.68 million. Eastern Bankshares had a return on equity of 8.42% and a net margin of 26.28%. On average, analysts expect Eastern Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eastern Bankshares Trading Down 1.5%

Shares of EBC stock opened at $22.65 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. Eastern Bankshares has a twelve month low of $14.88 and a twelve month high of $23.53. The company’s 50-day moving average price is $20.91 and its 200-day moving average price is $20.34. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 12.72 and a beta of 0.67.

Eastern Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. This is a boost from Eastern Bankshares’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, June 5th. Eastern Bankshares’s payout ratio is presently 33.71%.

Insider Buying and Selling

In other Eastern Bankshares news, Director Luis Borgen sold 1,710 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $22.71, for a total transaction of $38,834.10. Following the completion of the transaction, the director owned 20,475 shares of the company’s stock, valued at $464,987.25. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Eastern Bankshares

Hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its holdings in Eastern Bankshares by 33.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,728,558 shares of the company’s stock valued at $253,018,000 after purchasing an additional 3,407,066 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Eastern Bankshares by 5.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 64,752 shares of the company’s stock valued at $1,193,000 after purchasing an additional 3,343 shares during the period. EP Wealth Advisors LLC acquired a new position in Eastern Bankshares during the fourth quarter worth $235,000. Mackenzie Financial Corp boosted its position in shares of Eastern Bankshares by 14.1% during the fourth quarter. Mackenzie Financial Corp now owns 13,882 shares of the company’s stock worth $257,000 after buying an additional 1,714 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Eastern Bankshares in the fourth quarter valued at $925,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EBC. Piper Sandler boosted their target price on shares of Eastern Bankshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Stephens assumed coverage on shares of Eastern Bankshares in a report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 price target for the company. Barclays reduced their price target on shares of Eastern Bankshares from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. DA Davidson began coverage on Eastern Bankshares in a report on Friday, May 15th. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Weiss Ratings upgraded Eastern Bankshares from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Eastern Bankshares has an average rating of “Moderate Buy” and an average price target of $23.08.

About Eastern Bankshares

Eastern Bankshares, Inc is the bank holding company for Eastern Bank, one of the oldest and largest mutual banks in the United States. Founded in 1818 as Salem Savings Bank and later rebranded as Eastern Bank in 1989, the company preserved its mutual ownership structure for more than two centuries. In March 2020, it completed an initial public offering and began trading on the Nasdaq under the ticker EBC, while continuing to emphasize its community-focused heritage.

Through its primary subsidiary, Eastern Bank, the company delivers a broad range of commercial and consumer banking products.