Eastern Bankshares, Inc.

NasdaqGS:EBC Stock Report

Market Cap: US$4.3b

Eastern Bankshares Future Growth

Future criteria checks 2/6

Eastern Bankshares is forecast to grow earnings and revenue by 11.6% and 12.9% per annum respectively while EPS is expected to grow by 12.2% per annum.

Key information

11.6%

Earnings growth rate

12.23%

EPS growth rate

Banks earnings growth8.2%
Revenue growth rate12.9%
Future return on equityn/a
Analyst coverage

Good

Last updated14 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 11

Eastern Bankshares' Big Gamble Is Paying Off (Rating Upgrade)

Summary Eastern Bankshares is upgraded to a very soft 'Buy' following its merger with HarborOne Bancorp and improved forward outlook. EBC's Q1 2026 results show substantial growth in deposits, loans, and assets under management, with net profit rebounding to $65.3 million. Management projects 2026 net income of ~$408 million, implying a price-to-earnings multiple of 11, below peers, and supporting relative value. Return on assets and equity are currently below preferred thresholds but are expected to improve materially if management’s 2026 targets are met. Read the full article on Seeking Alpha
Narrative Update • May 07

EBC: Deposit Franchise Strength And Buybacks Will Support Future Upside

Eastern Bankshares' updated analyst price target has edged down by about $0.29 to roughly $23.21 per share, as analysts factor in lower modeled revenue growth and profit margins, along with a higher assumed P/E multiple and discount rate. Analyst Commentary Recent research on Eastern Bankshares presents a mix of optimism about the bank's franchise strength and scale, alongside some caution on valuation and execution risk.
Narrative Update • Apr 22

EBC: Deposit Franchise Scale And Lower Charge Offs Will Support Future Upside

Analysts have raised their fair value estimate for Eastern Bankshares to $23.50 from $23.25, citing recent bullish coverage and updated assumptions related to revenue growth, profitability, and the stock's future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to Eastern Bankshares' roughly $30b asset base as a key support for the updated fair value, arguing that this scale provides enough operating capacity to compete with larger regional and money center peers.
Narrative Update • Apr 05

EBC: Deposit Franchise Scale And Repricing Tailwinds Will Support Future Upside

Analysts have trimmed the fair value estimate for Eastern Bankshares slightly to $23.25. Street price targets around $23 reflect continued confidence in the bank's $30b deposit franchise and its ability to compete with larger players without losing its community banking focus.
Narrative Update • Mar 22

EBC: Repricing Tailwinds And Deposit Franchise Strength May Drive Future Upside

Analysts have raised Eastern Bankshares' consolidated price target to $23, citing its sizable $30 billion asset base, attractive Northeast deposit franchise, and expectations around Q4 balance sheet trends and repricing tailwinds as key supports for the revised view. Analyst Commentary Bullish Takeaways Bullish analysts highlight Eastern Bankshares' roughly $30b asset base as giving the bank enough scale to compete with larger regional and money center peers while still operating with a community banking approach, which they see as supportive for execution and earnings durability.
Narrative Update • Mar 08

EBC: Repricing Tailwinds And Dovish 2026 Fed Outlook May Unlock Upside

Analysts have lifted their price targets on Eastern Bankshares by $1 to $23, citing expectations around Q4 balance sheet trends, repricing benefits, and a potentially more dovish Federal Reserve stance in 2026. Analyst Commentary Recent research updates cluster around a modestly higher price target of $23, with the focus squarely on how Eastern Bankshares executes through upcoming Q4 results and into a shifting rate backdrop by 2026.
Narrative Update • Feb 22

EBC: Repricing Tailwinds And Dovish 2026 Fed Outlook Support Balanced Risk Reward

Analysts have lifted their price targets on Eastern Bankshares by $1 to $23, citing expectations for solid Q4 bank earnings, continued balance sheet growth, repricing tailwinds, and a more dovish Federal Reserve stance in 2026 as key supports for the shares. Analyst Commentary Recent price target increases to $23 highlight that bullish analysts see the current setup for Eastern Bankshares as supported by earnings expectations and the macro backdrop, while more cautious voices are focused on execution risk and how much of the good news is already reflected in the shares.
Narrative Update • Feb 08

EBC: Repricing Tailwinds And Dovish 2026 Fed Outlook Support Fairly Valued Setup

Analysts lifted their fair value estimate for Eastern Bankshares by about $1 to roughly $23.42. The change reflects updated assumptions on discount rate, revenue growth, profit margins, and a higher future P/E in line with recent price target increases from Street research.
Narrative Update • Jan 23

EBC: Repricing Tailwinds And Dovish Fed Outlook Balance Fairly Valued Setup

Narrative Update on Eastern Bankshares The analyst price target for Eastern Bankshares has been raised by $1 to $23, with analysts pointing to expectations for solid Q4 bank earnings, ongoing balance sheet growth, repricing tailwinds, and potential support from a more dovish Federal Reserve chair in 2026 as key factors behind the update. Analyst Commentary Bullish analysts are pointing to a more constructive setup for Eastern Bankshares as they fine tune expectations ahead of Q4 earnings.
Narrative Update • Jan 09

EBC: Repricing Tailwinds And Dovish Fed Expectations Will Drive Future Upside

Narrative Update on Eastern Bankshares Analysts have nudged their price target on Eastern Bankshares higher, with one firm lifting its target to $23 from $22. This reflects expectations for solid Q4 results, continued balance sheet growth, repricing benefits, and potential support from a more dovish Federal Reserve chair in 2026.
Narrative Update • Dec 22

EBC: Share Repurchases Will Drive Future Upside Despite Activist Pressure

Analysts have slightly raised their price target on Eastern Bankshares from 21.75 dollars to 22.20 dollars. This reflects modestly higher fair value expectations even as they factor in a marginally lower profit margin and a slightly richer future earnings multiple.
Narrative Update • Dec 08

EBC: Share Repurchases And HarborOne Deal Will Drive Further Upside

Analysts have modestly reaffirmed their outlook on Eastern Bankshares, maintaining the fair value estimate at $21.75 per share. They continue to see stable discount rates, revenue growth, margins, and future valuation multiples supporting the prior target.
Narrative Update • Nov 24

EBC: Share Buyback and Recent Acquisition Will Unlock Further Upside

Analysts have maintained their price target for Eastern Bankshares at $21.75 per share, citing subtle improvements in revenue growth projections and a slightly lower future price-to-earnings ratio as the basis for their continued outlook. What's in the News Eastern Bankshares has completed its acquisition of HarborOne Bancorp.
Narrative Update • Nov 08

EBC: Share Buyback Program Will Drive Further Upside Potential

Analysts have slightly lowered their price target for Eastern Bankshares from $22.00 to $21.75, citing modest adjustments to future revenue growth and profit margin expectations. What's in the News Eastern Bankshares completed its acquisition of HarborOne Bancorp, with more than 91% of HarborOne shareholders opting for stock consideration and the transaction finalized on November 1, 2025 (company filing).
Narrative Update • Oct 25

Share Buyback Plans And Acquisition Pressure Will Shape Regional Banking’s Future

Analysts have raised their price target for Eastern Bankshares by $1.00 to $22.00 per share. This change reflects recent adjustments in projected revenue growth and profit margins.
Narrative Update • Oct 11

Merger And Digital Expansion Will Strengthen Regional Banking In Greater Boston

Analysts have raised their price target for Eastern Bankshares from $20.20 to $21.00. They cited modestly lower expectations for revenue growth and profit margin as the primary drivers for the updated valuation.
Narrative Update • Sep 26

Merger And Digital Expansion Will Strengthen Regional Banking In Greater Boston

The consensus price target for Eastern Bankshares has increased to $20.20, driven by sharply upgraded revenue growth forecasts and a significant reduction in the expected future P/E multiple. What's in the News Eastern Bank secured LOUD Security Systems Inc.
Analysis Article • May 07

Eastern Bankshares' (NASDAQ:EBC) Upcoming Dividend Will Be Larger Than Last Year's

Eastern Bankshares, Inc. ( NASDAQ:EBC ) will increase its dividend from last year's comparable payment on the 16th of...
Seeking Alpha • Apr 26

Eastern Bankshares Q1 Earnings: Looking Past Messy Headline Figures

Summary Like the wider space, Boston-based Eastern Bankshares has been up and down since my last piece, with recent economic concerns undoing the stock's post-election rally. Eastern recently reported first quarter results. Although the headline figures look messy, this was driven by a balance sheet repositioning, and core trends were better. The stock continues to look cheap, trading for less than 9x 2026 consensus EPS and roughly 1.25x tangible book value. Read the full article on Seeking Alpha
Seeking Alpha • Jan 24

Eastern Bankshares: Emerging As A Stronger Bank

Summary Eastern Bankshares, Inc.'s Q4 results showed strong revenue growth, driven by mergers, with a 35.3% increase year-over-year, beating estimates by $4.7 million. Margins are stabilizing, with an eight basis point expansion in net interest margin to 3.05%, leading to higher net interest and non-interest income. Asset quality improved, with a significant decrease in the provision for credit losses, despite a rise in non-performing loans due to merger-related assets. Hold rating is justified as EBC shares are expensive relative to book value, yield has dropped, but asset quality and return metrics are improving. Read the full article on Seeking Alpha
Seeking Alpha • Sep 24

Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value

Summary Shares of Boston-based Eastern Bank have done well since my opening piece late last year, modestly outperforming peers with a ~40% total return. Earnings are still under pressure here from rising funding costs and Eastern's balance sheet positioning, though lower rates and the recently completed Cambridge deal offer strong near-term upside. These shares trade for 11.5x 2025 consensus EPS. Eastern's Boston-heavy footprint makes for a fine standalone investment case, while its excellent funding profile offers investors M&A optionality on top. Read the full article on Seeking Alpha
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New Narrative • Sep 04

Cambridge Merger And Decisive Moves Propel Bank Into A Bright Future

Merger with Cambridge Trust and sale of Eastern Insurance Group strengthens market share and capital base, promising enhanced future revenue and growth.

Earnings and Revenue Growth Forecasts

NasdaqGS:EBC - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20271,311451N/AN/A6
12/31/20261,237383N/AN/A6
3/31/20261,033371355376N/A
12/31/202569688413432N/A
9/30/202562849397417N/A
6/30/2025550-63355368N/A
3/31/2025460-137286299N/A
12/31/2024664120270284N/A
9/30/202460990236248N/A
6/30/2024602160163176N/A
3/31/2024614178184194N/A
12/31/2023293-63254262N/A
9/30/2023299-53206212N/A
6/30/2023315-64231237N/A
3/31/2023280-67256262N/A
12/31/2022627187221230N/A
9/30/2022641181266274N/A
6/30/2022623165272281N/A
3/31/2022652159170178N/A
12/31/2021537146169174N/A
9/30/202160676177183N/A
6/30/202159767123127N/A
3/31/202158162161166N/A
12/31/2020530236570N/A
9/30/2020527986166N/A
6/30/2020535105108114N/A
3/31/2020545111129135N/A
12/31/2019587135N/A196N/A
12/31/2018556123N/A205N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EBC's forecast earnings growth (11.6% per year) is above the savings rate (3.5%).

Earnings vs Market: EBC's earnings (11.6% per year) are forecast to grow slower than the US market (16.8% per year).

High Growth Earnings: EBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: EBC's revenue (12.9% per year) is forecast to grow faster than the US market (11.6% per year).

High Growth Revenue: EBC's revenue (12.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if EBC's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 04:55
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eastern Bankshares, Inc. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jared David ShawBarclays
Jacob CivielloD.A. Davidson & Co.
Feddie StricklandHovde Group, LLC