23.35
+2.23%
Close of 9 Nov 2026, in USD
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About Eastern Bankshares
From its filings with the US Securities and Exchange Commission
Eastern Bankshares is based in Boston, Massachusetts and is incorporated in Massachusetts. Its shares trade on Nasdaq under the ticker EBC. The SEC classifies its business as savings institution, federally chartered. In the fiscal year to 31 December 2025, it reported revenue of $134.1m and net income of $88.2m. At that date it held total assets of $30.59bn and shareholders' equity of $4.34bn.
Our diversified products and services include lending, deposit, and wealth management. Deposits obtained through the branch banking network have traditionally been the principal source of funds for use in lending and for other general business purposes. We offer a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Our lending focuses on the following loan categories: commercial and industrial, including our Asset Based Lending Portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans. Through Cambridge Trust Wealth Management, a division of Eastern Bank, we provide a wide range of wealth management and trust services. In addition, we offer automated lock box collection services, cash management services and account reconciliation services to our corporate and institutional customers, as well as cash management services to our municipal clients.
8.Rhode Island Passive Investment Corp., a wholly owned subsidiary engaged in commercial lending.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 15 Oct 2020
- Employees
- 2,247
- Head office
- 125 HIGH STREET, STE 901, BOSTON, MA, 02110
- Incorporated in
- MA
- Classification
- Savings Institution, Federally Chartered
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Robert RiversChairman of the Board, since 2017$4.2m
- Mr. Quincy MillerPresident, Chief Operating Officer and Vice Chair, President and Chief Operating Officer of Eastern Bank$2.0m
- Mr. Denis SheahanChief Executive Officer, Director, since 2023$1.3m
- Mr. R.David RosatoChief Financial Officer, Treasurer and Chief Financial Officer of Eastern Bank$1.4m
- Ms. Nancy StagerPresident and Chief Executive Officer of the Eastern Bank Foundation, since 2023
- Ms. Kathleen HenryExecutive Vice President, General Counsel, Corporate Secretary; Executive Vice President, General Counsel, Corporate Secretary and Chief Human Resources Officer of Eastern Bank, since 2021$1.7m
- Mr. Steven AntonakesExecutive Vice President - Enterprise Risk Management of Eastern Bank
- Mr. Gregory BusconeExecutive Vice President, Senior Commercial Banking Officer of Eastern Bank
- Ms. Martha DeanExecutive Vice President, Senior Operations Director of Eastern Bank
- Mr. Matthew OsborneExecutive Vice President and Chief Credit Officer of Eastern Bank
- Mr. Donald WestermannExecutive Vice President, Chief Information Officer of Eastern Bank$1.2m
- Ms. Sujata YadavExecutive Vice President, Chief Product Officer of Eastern Bank
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 28
- Environment
- 2
- Social
- 52
- Governance
- 30
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Eastern Bankshares Inc has a strong market presence with a well-established brand and reputation in the banking industry.
- The company has a diverse portfolio of products and services, catering to both individual and corporate clients, which helps in generating stable revenue streams.
- Eastern Bankshares Inc boasts a highly skilled and experienced workforce, ensuring efficient operations and quality customer service.
- The company has a robust technology infrastructure, enabling it to provide innovative banking solutions and maintain a competitive edge in the digital era.
- Eastern Bankshares Inc has a solid financial position, evidenced by its strong capital base and healthy profitability ratios.
Weaknesses
- One of the weaknesses of Eastern Bankshares Inc is its limited geographic presence, primarily focused on a specific region, which may restrict its growth opportunities compared to national or global banks.
- The company's heavy reliance on traditional banking practices and slower adoption of emerging technologies could hinder its ability to compete with more technologically advanced competitors.
- Eastern Bankshares Inc may face challenges in attracting and retaining top talent due to intense competition within the banking industry and changing workforce dynamics.
- The company's dependence on interest income and market fluctuations could make it vulnerable to economic downturns and financial market risks.
Opportunities
- Eastern Bankshares Inc can leverage its strong brand and customer trust to expand its market presence into new geographic regions.
- The company can explore strategic partnerships or acquisitions to enhance its product offerings and increase customer base.
- The growing trend towards digital banking opens up opportunities for Eastern Bankshares Inc to develop and offer innovative online and mobile banking solutions.
- Expansion into new segments, such as wealth management or specialized lending, can diversify the company's revenue streams and mitigate risks associated with interest income.
Threats
- Eastern Bankshares Inc faces intense competition from other banks, both traditional and online, which may reduce its market share and erode profitability.
- Regulatory changes and compliance requirements pose a threat to the company's operations and may increase costs or introduce new restrictions.
- Economic uncertainties, such as recessions or interest rate fluctuations, can impact demand for banking services and affect Eastern Bankshares Inc's financial performance.
- Cybersecurity threats and data breaches pose significant risks to the company's reputation and customer trust, requiring continuous investments in robust security measures.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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