Eastern Bankshares, Inc. reported financial results for the quarter ended September 30, 2026, with net income of $111.0 million, or $0.51 per diluted share. The company reported a return on average assets of 1.41% and a return on average tangible common equity of 15.7%. Net interest income for the period was $257.9 million, an increase of $5.9 million from the previous quarter.
On the balance sheet, total assets stood at $31.7 billion, an increase of $558 million from June 30, 2026. Period-end loans totaled $23.97 billion, a 1.1% increase linked quarter, driven by Commercial Real Estate and Commercial & Industrial lending. Deposits increased by $98 million to $26.02 billion, despite seasonal municipal outflows. Wealth assets under administration increased to $11.6 billion, including $10.8 billion in assets under management.
Asset quality metrics improved, with non-performing loans declining $24.6 million to $84.8 million, or 0.36% of total loans. Total net charge-offs were $5.2 million, or 0.09% of average total loans. The allowance for loan losses was $327.2 million, or 1.39% of total loans.
The company returned $89.1 million in capital to shareholders during the quarter, consisting of $56.7 million in share repurchases and $32.4 million in cash dividends. The Board of Directors approved a regular quarterly cash dividend of $0.15 per share, payable on December 21, 2026, to shareholders of record as of December 7, 2026. As of September 30, 2026, Eastern Bankshares had approximately $31.7 billion in assets.
