Eastern Bankshares, Inc. announced net charge-offs for the first quarter ended March 31, 2024. For the quarter, the company recorded total net charge-offs of $7.3 million, or 0.21% of average total loans on an annualized basis, compared to $11.4 million or 0.32% of average total loans in the prior quarter, respectively. Net charge-offs for the quarter ended March 31, 2023 were $155,000.
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- Eastern Bankshares, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2024