Eastern Bankshares, Inc.

EBC

US27627N1054

Banks

Market Closed - Nasdaq Other stock markets 01:30:00 16/07/2024 am IST			5-day change	1st Jan Change
15.4 ^USD	+3.56%		+12.41%	+8.45%

15/07	Eastern Bankshares Closes Cambridge Bancorp Merger; Names David Rosato as CFO	MT
15/07	Eastern Bankshares, Inc. and Eastern Bank Appoint David Rosato as Chief Financial Officer, Effective August 1, 2024	CI

Eastern Bank and Eastern Appoints Denis Sheahan as Chief Executive Officer

July 15, 2024 at 05:30 pm IST

Eastern Bank announced that Denis Sheahan, Chairman, President and CEO of Cambridge, has become Chief Executive Officer of Eastern and Eastern Bank. Mr. Sheahan will report directly to Bob Rivers, who will remain Eastern?s principal executive officer.

Latest news about Eastern Bankshares, Inc.

Eastern Bankshares Closes Cambridge Bancorp Merger; Names David Rosato as CFO	15/07	MT
Eastern Bankshares, Inc. and Eastern Bank Appoint David Rosato as Chief Financial Officer, Effective August 1, 2024	15/07	CI
Eastern Bank and Eastern Appoints Denis Sheahan as Chief Executive Officer	15/07	CI
Eastern Bankshares, Inc. completed the acquisition of Cambridge Bancorp.	12/07	CI
Eastern Bankshares, Inc. Announces Board Changes	01/07	CI
Sector Update: Financial Stocks Retreat Late Afternoon	29/05	MT
Sector Update: Financial Stocks Decline Tuesday Afternoon	28/05	MT
Eastern Bankshares, Cambridge Bancorp Get Regulatory Approvals For Merger	28/05	MT
Eastern Bankshares, Inc. Provides Earnings Guidance for the Second Quarter of 2024	26/04	CI
Transcript : Eastern Bankshares, Inc., Q1 2024 Earnings Call, Apr 26, 2024	26/04
Earnings Flash (EBC) EASTERN BANK Reports Q1 EPS $0.23, vs. Street Est of $0.20	26/04	MT
Earnings Flash (EBC) EASTERN BANK Posts Q1 Revenue $157.6M, vs. Street Est of $159.5M	26/04	MT
Eastern Bankshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	26/04	CI
Eastern Bankshares, Inc. and Eastern Bank Announces Retirement of James Fitzgerald as Chief Financial Officer	26/04	CI
Eastern Bankshares, Inc. and Eastern Bank Announce Retirement of James Fitzgerald as Chief Administrative Officer and Treasurer of the Company and as Chief Administrative Officer and Vice Chair of Bank	26/04	CI
Eastern Bankshares, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2024	26/04	CI
Eastern Bankshares, Inc. Declares Quarterly Dividend, Payable on June 14, 2024	26/04	CI
Eastern Bankshares Insider Sold Shares Worth $526,967, According to a Recent SEC Filing	21/03	MT
Transcript : Eastern Bankshares, Inc., Q4 2023 Earnings Call, Jan 26, 2024	26/01
Eastern Bankshares Q4 Non-GAAP Earnings, Revenue Decline	26/01	MT
Earnings Flash (EBC) EASTERN BANK Reports Q4 EPS $0.10	26/01	MT
Earnings Flash (EBC) EASTERN BANK Posts Q4 Revenue $160M, vs. Street Est of $156.7M	26/01	MT
Eastern Bankshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	26/01	CI
Eastern Bankshares, Inc. Announces Net Charge-Offs for Fourth Quarter of 2023	26/01	CI
Eastern Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024	26/01	CI

Chart Eastern Bankshares, Inc.

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Company Profile

Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). Through the Bank, it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its banking business consists of a full range of banking, lending (commercial, residential and consumer), savings and small business offerings, including its wealth management and trust operations that it conducts through its Eastern Wealth Management division. It offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers, as well as cash management services to its municipal clients. Its securities portfolio consists of government-sponsored residential mortgage-backed securities.

Sector

Banks

Calendar

26/07/2024 - Q2 2024 Earnings Release

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Russell 2000

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Ratings for Eastern Bankshares, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.4 USD

Average target price

16.5 USD

Spread / Average Target

+7.14%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Commercial Banks

	1st Jan change	Capi.
EASTERN BANKSHARES, INC.	+8.45%	311.94Cr
AGRICULTURAL BANK OF CHINA LIMITED	+14.95%	22TCr
PT BANK CENTRAL ASIA TBK	+6.91%	7.66TCr
ANZ GROUP HOLDINGS LIMITED	+15.24%	6.07TCr
INDUSTRIAL BANK CO., LTD.	+5.06%	4.88TCr
CRÉDIT AGRICOLE S.A.	+6.05%	4.5TCr
CHINA CITIC BANK CO., LTD.	+30.16%	4.4TCr
QATAR NATIONAL BANK (Q.P.S.C.)	-8.05%	3.86TCr
JAPAN POST BANK CO., LTD.	+8.53%	3.52TCr
INVEST BANK	-96.60%	3.22TCr

Commercial Banks

Eastern Bankshares, Inc.

Equities

EBC

US27627N1054

Banks

Eastern Bank and Eastern Appoints Denis Sheahan as Chief Executive Officer

EPS Revisions