Eastern Bankshares (EBC) Misses Q3 EPS by 8c
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Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results
October 24, 2024 4:18 PM EDT~ Company Announces a 9% Increase to Quarterly Dividend ~
BOSTON--(BUSINESS WIRE)-- Eastern Bankshares, Inc. (the Company) (NASDAQ: EBC), the holding company of Eastern Bank, today announced its 2024 third quarter financial results.
FINANCIAL HIGHLIGHTS
Net loss of $6.2 million included the initial provision on non-purchased credit deteriorated (non-PCD) loans of $40.9 million and merger-related charges of $30.5 million. Operating net income of $49.7 million, or 0.25 per diluted share. Merger EPS accretion and cost saves on track to exceed original estimates. Net interest margin on a fully tax equivalent (FTE)... More