earnings
confidence high
sentiment neutral
materiality 0.75
Eastern Bankshares Q1 net loss $217.7M on portfolio repositioning; operating EPS $0.34, dividend raised 8%
Eastern Bankshares, Inc.
2025-Q1 EPS reported
-$1.08
revenue$31,129,000
- Net loss of $217.7M ($1.08 per diluted share) includes $269.6M pre-tax loss from $1.3B securities repositioning.
- Operating net income of $67.5M ($0.34 per diluted share); NIM expanded 33 bps to 3.38%.
- Non-performing loans fell to $91.6M (0.51% of loans) from $135.8M at year-end 2024; CET1 ratio 14.15%.
- Board declared quarterly dividend of $0.13 per share, an 8% increase from prior $0.12; payable June 16 to holders of record June 3.
- Repurchased 2.9M shares for $48.7M during Q1 at average price $16.62.