While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.
Eastern Bankshares (EBC) acquires Cambridge Bancorp in an all-stock transaction. This enhances the company's position as a leading local bank in Greater Boston and aligns with its expansion strategy.