EarningsQ2 2026 Earnings Report
DE:EB0 Q2 2026 EPS Results
Actual EPS€0.44
Consensus EPS€0.41
Beat/MissBeat by +€0.02
One Year Ago EPS€0.37
DE:EB0 Q2 2026 Revenue Results
Actual Revenue€361.48M
Expected Revenue€274.69M
Beat/MissBeat by +€86.78M
YoY Revenue Growth+26.36%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
DE:EB0 Upcoming Earnings
Eastern Bankshares's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:EB0 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple areas of strength — record operating net income, improved profitability metrics (ROATCE, ROA, efficiency), diversified fee growth, realized cost synergies from the HarborOne integration, strong deposit and C&I loan growth, record wealth assets, healthy capital returns and solid asset quality (NPLs and net charge-offs). Offsetting items include a modestly reduced NII outlook and narrower loan growth guidance driven by a slow start to the year, continued competitive pressure on deposit pricing, slightly lower-than-expected accretion, and elevated CRE payoffs in the quarter. On balance, execution, capital returns, and asset quality improvements dominate the discussion and suggest a constructive outlook despite tactical headwinds to margins.Company Guidance
Record Operating Net Income and EPS
Operating net income of $106.5M (operating EPS $0.49) — up 20% linked quarter and 30% year-over-year; reported net income $105.2M ($0.48 per diluted share).
Strong Profitability Metrics
Operating return on average tangible common equity 15.3% (improved 250 basis points); operating ROA 1.38% (138 bps) up 21 bps; operating efficiency ratio improved to 49%.
Net Interest Income and Margin Expansion
Net interest income grew 3% quarter-over-quarter; margin expanded 3 basis points to 3.66%; net discount accretion stable at ~ $20M contributing ~28 bps to margin.
Diversified Fee Income Growth
Operating noninterest income rose $12.8M (28% linked quarter) driven by $8.9M increase in income on investments for employee retirement benefits, higher investment advisory fees (wealth momentum), and increased interest rate swap income.
Expense Improvement and Integration Synergies
Total noninterest expense down $30.7M (15% linked quarter); nonoperating expense down $29.2M (lower merger costs); operating noninterest expense down $1.5M due to HarborOne conversion synergies and other cost savings. Advertised HarborOne cost saves (~$55M) are largely realized.
Balance Sheet Growth and Liquidity
Deposits increased $814M (3.2% linked quarter); period-end loans up $325M (1.4% linked quarter) driven by strong C&I (> $300M); loan-to-deposit ratio improved to 91% from 93% at March 31; commercial loan pipeline near $1.0B at quarter end.
Wealth Management Momentum
Wealth management assets reached a record $11.5B with strong year-over-year fee growth; wealth business generating recurring fee revenue and deeper client connectivity.
Capital Returns and Strong Capital Ratios
Returned $106M of capital to shareholders in Q2 (repurchases $72.7M, dividends $33.1M); repurchased 3.6M shares at $20.03 avg; board approved new repurchase program up to 11.3M shares (5%); CET1 13.10% and tangible common equity 10.1%; tangible book value per share increased at a 7% annualized rate.
DE:EB0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed