Eastern Bankshares, Inc. · NASDAQ:EBC
Eastern Bankshares — Q3 2026 Earnings Presentation
19 slides from Eastern Bankshares's earnings presentation, Oct 22, 2026
Slide 1: Q3 Earnings Presentation
Q3 Earnings Presentation October 22, 2026
Slide 2: Q3 2026 highlights
Q3 2026 highlights Key Metrics Highlights Results reflect Company's enhanced earnings power $111.0 million • Record operating net income increased 4% linked quarter and 50% from a year ago Net income & operating net income* • Return on average tangible common equity of 15.7% and return on average as
Slide 3: Income statement
Income statement $ in millions, except per share amounts Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Net interest income $ 257.9 $ 251.9 $ 244.7 $ 237.4 $ 200.2 • Net interest income increased linked Noninterest income 48.7 57.6 43.6 46.1 41.3 quarter due to balance sheet growth, Total revenue 306.6 309
Slide 4: Financial metrics
Financial metrics Operating EPS Operating efficiency ratio1 $0.51 $0.49 $0.44 $0.40 $0.37 52.8% 52.8% 50.1% 49.0% 47.5% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Operating ROAA Operating ROATCE1 1.38% 1.41% 15.3% 15.7% 1.30% 13.8% 1.16% 1.17% 12.8% 11.7% Q3 2025
Slide 5: Net interest margin
Net interest margin Earning assets QoQ changes in FTE net interest income* $8.9 $3.4 $2.3 $263.0 Q3 2026 Q2 2026 Change $258.2 Avg. Balance Yield 1 Avg. Balance Yield1 Avg. Balance Yield 1 $(9.8) Commercial loans $ 16,157 5.52 % $ 15,856 5.48 % $ 301 0.04 % 3.66% 3.62% Residential loans 5,203 4.84 %
Slide 6: Interest-earning assets repricing
Interest-earning assets repricing Loans Within Months Months Months Years Years Years Beyond (Amortized cost basis, Floating Variable Fixed Total 3 months 4-6 7-9 10-12 2-3 4-5 6-10 10 Years gross of cash flow hedges) Commercial $ 7,112 $ 2,574 $ 6,586 $ 7,741 $ 560 $ 582 $ 514 $ 2,682 $ 2,452 $ 1,5
Slide 7: Noninterest income
Noninterest income Q3 2026 Q2 2026 Q3 2025 QoQ YoY • On an operating basis, noninterest income decreased $9.2 million, or 16%, linked Investment advisory fees $ 19.4 $ 19.7 $ 17.6 $ (0.3) $ 1.8 quarter primarily due to the following: Service charges on deposit accounts 10.1 10.0 8.6 0.1 1.6 • Income
Slide 8: Wealth management
Wealth management Assets under management (AUM) Continued momentum $10,616 $10,772 • Wealth assets under administration increased to $11.6 billion, including approximately $10.8 billion of AUM, and benefited from $9,785 positive net flows and market appreciation $9,608 $9,233 • Fees decreased linked
Slide 9: Noninterest expense
Noninterest expense • On a operating basis, noninterest expense $189.4 $198.6 decreased $6.7 million, or 4% linked quarter, $156.1 $167.9 $167.9 $166.4 $159.7 $159.7 $140.4 $137.2 primarily due to the following: • Salaries and employee benefits Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 decreased $2.2
Slide 10: Deposits
Deposits Period-end balances High quality, low cost portfolio $25,471 $25,105 $25,919 $26,017 • Period-end balances increased $98 million, or 0.4%, linked quarter $21,117 despite seasonal municipal outflows • Average balances increased $667 million, or 2.6%, from Q2 2026 • Due to higher short-term i
Slide 11: Loans
Loans Period-end balances Diversified, high-performing portfolio Total commercial Residential real estate Total Consumer • Period-end loans increased $261 million, or 1.1%, linked quarter $23,574 $23,388 $23,713 $23,974 $2,034 $2,024 $2,083 $2,132 • Solid growth in CRE balances of $229 million; payo
Slide 12: Securities
Securities Period-end balances1 High quality portfolio AFS securities HTM securities $5,165 $5,278 • 93% in U.S. agency securities and treasury bonds $4,669 $4,743 $4,914 $764 $840 $514 $600 $713 • Securities yield of 3.35% in Q3 2026, up 10 basis points from Q2 2026, supported by recent purchases $
Slide 13: Capital
Capital1 Metrics 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Tier 1 leverage ratio 10.9% 10.9% 11.0% 11.7% 12.3% Common equity tier 1 ratio 13.0% 13.0% 13.2% 13.2% 14.7% Tier 1 capital ratio 13.0% 13.0% 13.2% 13.2% 14.7% Total risk-based capital ratio 14.0% 14.0% 14.2% 14.3% 15.8% Tangible co
Slide 14: Asset quality
Asset quality Non-performing loans1 Asset quality remains strong 0.75% • Non-performing loans improved, as expected, for third consecutive 0.60% 0.47% quarter following HarborOne merger 0.37% $172 0.36% $138 • Commercial: $59.4 million $94 $109 $85 • Residential: $18.4 million $86 $65 $43 • Consumer
Slide 15: Appendix
Appendix @eEastern Bankshares, Inc.
Slide 16: CRE exposure
CRE exposure1 Composition Balance % of total Avg. loan NPL% • CRE portfolio of $9.6 billion, or 40% of total loans CRE balance Multi-family $ 3,252 34 % $ 5.7 0.05 % • Non-owner occupied CRE to total risk-based capital ratio2 Retail 1,331 14 % 3.4 — % of 247% Office 1,142 12 % 3.8 0.62 % Industrial/
Slide 17: CRE investor office exposure
CRE investor office exposure1 Maturity schedule Q4 2026 Q1 2027 Q2 2027 Q3 2027 • CRE investor office loans: $1.0 billion, or 4% of total loans Accruing $ 63 $ 67 $ 50 $ 24 • Includes Company's lab/life science exposure: Non-accruing — — — — $99 million in balances or <1% of total loans. Total $ 63
Slide 18: Non-GAAP financial measures
Non-GAAP financial measures *Denotes a non-GAAP financial measure used in the press release. The Company presents certain non-GAAP financial measures that management uses to evaluate performance and trends in the Company's core business. These measures exclude selected items that management believes
Slide 19: Forward-looking statements
Forward-looking statements This presentation may contain “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's future financial perform