Eastern Bankshares 1Q 2026: Net income $65.26M, EPS $0.29— 10-Q Summary
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Eastern Bankshares, Inc. reported a net income of $65.26M and diluted EPS of $0.29 for Q1 2026, marking a recovery from losses in the previous year. This improvement was driven by higher net interest income and reduced losses on securities sales. Revenue recovery was supported by increased mortgage origination activity post-HarborOne merger, with fee income from Cambridge Trust Wealth Management rising to $18.3M. The company actively managed CRE and office exposures and utilized interest-rate swaps to hedge risks.
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