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Jun 30, 2025
Eastern Bank Q2 2025 Earnings Report
Eastern Bank posted strong Q2 2025 results with record net interest income and improved credit quality.
Key Takeaways
Eastern Bank delivered solid Q2 2025 earnings driven by higher net interest income, improved net interest margin, and lower non-performing loans. Tangible book value per share increased, reflecting strong capital management.
Net income rose to $100.2M, or $0.50 per diluted share
Operating net income was $81.7M, or $0.41 per diluted share
Net interest margin expanded to 3.59%, up from 3.38% last quarter
Non-performing loans declined to 0.30% of total loans, improving from 0.51%
Revenue by Segment
Forward Guidance
Eastern expects stable loan growth and continued improvement in operating efficiency, with positive momentum from wealth management and favorable deposit mix.
Positive Outlook
- Loan growth expected to remain strong driven by C&I activity
- Net interest margin expected to remain above 3.50%
- Deposit mix improving with higher municipal balances
- Wealth management assets reached a record $8.7B
- Capital position remains strong with CET1 at 14.38%
Challenges Ahead
- Merger-related costs expected to persist due to HarborOne integration
- Slight pressure on deposit growth in consumer segment
- Potential economic uncertainties impacting credit demand
- Allowance for loan losses slightly increased to 1.27% of total loans
Historical Earnings Impact
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Avg. Return Before/After Earnings
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