Overview * Eastern Bank Q3 revenue beats analyst expectations * Company announces 5% share repurchase program * Received regulatory approvals for merger with HarborOne Bancorp, closing expected Nov 1, 2025 Outlook * Eastern Bank expects merger with HarborOne Bancorp to close on November 1, 2025 Result Drivers * COMMERCIAL LENDING – Period-end loans grew 1.3% linked qtr, driven by strong commercial lending * WEALTH MANAGEMENT – Assets under management reached record high of $9.2 bln * NET INTEREST MARGIN – Decline due to higher deposit costs and lower net discount accretion Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Beat $241.50 $205.90 Revenue mln mln (4 Analysts ) Q3 Net $106.10 Income mln Q3 Net $200.20 Interest mln Income Q3 $94 mln Pretax Profit Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" * The average consensus recommendation for the banks peer group is "buy" * Wall Street's median 12-month price target for Eastern Bankshares Inc is $22.50, about 17.4% above its October 21 closing price of $18.59 * The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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