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Eastern Bank

Boston, MA · Cert 32773 · Eastern Bankshares Inc.

State charter, non-member · FDIC · 129 branches

Q2 2026

$31.1BAssets
$23.3BLoans
$26.1BDeposits
$4.0BEquity
Loan mix
84%RE $17.2B15%C&I $3.1B1%Consumer $0.2BQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $19.4B26%Noninterest $6.8BQ2 2025Q2 2026

NIM

3.76%Q2 ’244.40%Q2 ’254.49%Q2 ’26+38%+2%

Non-interest income vs. expense

1.99%Q2 ’242.14%Q2 ’252.15%Q2 ’26+4%-5%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 4.1% share · #5 of 100 inst. · $23.9B of $580.3B

2.5% Suffolk
5.9% Middlesex
11.3% Essex
17.9% Plymouth

Executive Summary

  • Earnings: ROA of 1.40%, down 24 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.47% of loans (+17 bps YoY), with net charge-offs at 0.17%.
  • Capital: tier 1 leverage ratio of 10.15%, down 135 bps from a year ago.
  • Funding: loans stand at 89.21% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.40%-24 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+6 bps YoY

Efficiency Ratio (quarter, annualized)

49.78%-203 bps YoY

Tier 1 Leverage Ratio

10.15%-135 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.63%1.67%1.56%0.87%1.40%-24 bps
Return on Equity11.85%12.04%11.37%6.46%10.62%-122 bps
Net Interest Margin3.32%3.24%3.38%3.31%3.38%+6 bps
Efficiency Ratio51.81%54.66%57.71%64.50%49.78%-203 bps
Non-Interest Burden1.43%1.52%1.74%1.99%1.36%-7 bps
Growth
Asset Growth (YoY)21.04%-0.18%19.68%22.55%22.30%+126 bps
Loan Growth (YoY)29.79%4.55%29.97%28.04%27.35%-244 bps
Deposit Growth (YoY)20.80%0.11%19.35%20.70%22.39%+159 bps
Asset Quality
Nonperforming Loans / Loans0.30%0.37%0.75%0.60%0.47%+17 bps
Net Charge-Offs / Loans0.00%0.13%0.17%0.17%0.17%+17 bps
Allowance / Loans1.27%1.26%1.44%1.43%1.39%+13 bps
Allowance Coverage of NPLs4.2x3.4x1.9x2.4x3.0x-1.3x
Capital
Tier 1 Leverage Ratio11.50%11.19%10.93%10.25%10.15%-135 bps
Total Risk-Based Capital14.79%14.49%13.53%13.28%13.07%-172 bps
Equity / Assets13.90%13.86%13.55%13.29%13.00%-90 bps
Liquidity & Funding
Loans / Deposits85.74%86.81%90.03%90.67%89.21%+347 bps
Liquid Assets / Assets3.51%3.17%2.58%3.05%2.71%-80 bps
CRE / Total Capitaln/a285%327%329%n/an/a