--- title: "Eastern Bankshares | 10-Q: FY2026 Q1 Revenue: USD 288.21 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285764097.md" datetime: "2026-05-08T18:50:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285764097.md) - [en](https://longbridge.com/en/news/285764097.md) - [zh-HK](https://longbridge.com/zh-HK/news/285764097.md) --- # Eastern Bankshares | 10-Q: FY2026 Q1 Revenue: USD 288.21 M Revenue: As of FY2026 Q1, the actual value is USD 288.21 M. EPS: As of FY2026 Q1, the actual value is USD 0.29, missing the estimate of USD 0.4017. EBIT: As of FY2026 Q1, the actual value is USD -160.83 M. #### Loan Portfolio Balances (Amortized Cost) at March 31, 2026 Eastern Bankshares, Inc.’s commercial loan portfolio included $4,346,612 thousand in commercial and industrial loans, $9,373,476 thousand in commercial real estate, $502,037 thousand in commercial construction, and $1,536,838 thousand in business banking loans . Residential loans totaled $5,188,044 thousand in residential real estate, while consumer loans comprised $1,761,573 thousand in consumer home equity and $215,464 thousand in other consumer loans . #### Allowance for Loan Losses (ALLL) by Segment For the three months ended March 31, 2026, the total ALLL ending balance was $327,892 thousand, reflecting total charge-offs of - $12,918 thousand and recoveries of $3,213 thousand . The provision for loan losses was $5,756 thousand . Specifically, commercial real estate had an ending ALLL balance of $178,826 thousand with a provision of $18,038 thousand, while commercial and industrial loans ended with $59,508 thousand and a release of - $554 thousand . Comparatively, for the three months ended March 31, 2025, the total ALLL ending balance was $224,310 thousand, with total charge-offs of - $12,487 thousand and recoveries of $1,245 thousand . The provision for loan losses was $6,600 thousand . Commercial real estate had an ending ALLL balance of $106,634 thousand with a provision of $1,352 thousand, and commercial and industrial loans ended with $46,490 thousand with a provision of $5,389 thousand . #### Loan Quality by Segment at March 31, 2026 In commercial and industrial loans, $4,147,452 thousand were classified as ‘Pass’, with $154,194 thousand as ‘Substandard’ and $3,954 thousand as ‘Doubtful’ . Commercial real estate had $8,826,346 thousand in ‘Pass’ loans, $225,818 thousand as ‘Substandard’, and $92,136 thousand as ‘Doubtful’ . Residential real estate reported $5,119,035 thousand as ‘Current and accruing’ and $21,939 thousand as ‘Non-accrual’ . #### Age Analysis of Past Due Loans at March 31, 2026 For commercial and industrial loans, $2,357 thousand were 30-59 days past due, and $4,116 thousand were 90 or more days past due . Commercial real estate had $11,613 thousand in the 30-59 days past due category and $9,390 thousand in the 90 or more days past due category . Residential real estate reported $38,995 thousand as 30-59 days past due and $20,230 thousand as 90 or more days past due . #### Non-Accrual Loans at March 31, 2026 Total non-accrual loans amounted to $137,668 thousand . Commercial real estate accounted for $92,136 thousand of the total non-accrual loans, including $67,944 thousand with ACL and $24,192 thousand without ACL . Residential real estate had $21,939 thousand in non-accrual loans, all with ACL . #### Loan Modifications to Borrowers Experiencing Financial Difficulty For the three months ended March 31, 2026, Eastern Bankshares, Inc. reported $26,830 thousand in commercial real estate loans modified via term extension, representing 0.29% of the total portfolio . Business banking had $4,055 thousand in other-than-insignificant delay in repayment modifications (0.26% of total portfolio) and $2,199 thousand in combination modifications (0.14% of total portfolio) . For the three months ended March 31, 2025, commercial real estate had $3,795 thousand in term extension modifications (0.11% of total portfolio) . Business banking had $125 thousand in other-than-insignificant delay in repayment modifications (0.01% of total portfolio) . #### Loan Participations As of March 31, 2026, total loan participations had a balance of $2,710,889 thousand with a non-performing loan rate of 0.74% and gross charge-offs of $8,000 thousand . Commercial and industrial participations had a balance of $1,454,063 thousand with a non-performing loan rate of 0.22% and gross charge-offs of $6,500 thousand . As of December 31, 2025, total loan participations had a balance of $3,306,370 thousand with a non-performing loan rate of 1.68% and gross charge-offs of $10,301 thousand . Commercial and industrial participations had a balance of $1,504,012 thousand with a non-performing loan rate of 0.64% and gross charge-offs of $5,004 thousand . #### Securities Holdings (Fair Value) At March 31, 2026, total available-for-sale (AFS) securities were $3,860,264 thousand, including $2,594,507 thousand in government-sponsored residential mortgage-backed securities . Total held-to-maturity (HTM) securities were $681,935 thousand, with $188,388 thousand in government-sponsored residential mortgage-backed securities . At December 31, 2025, total AFS securities were $3,825,569 thousand, and total HTM securities were $575,974 thousand . #### Derivative Financial Instruments (Notional Amounts) At March 31, 2026, derivatives designated as hedging instruments included $1,637,500 thousand in interest rate swaps on loans . Customer-related positions not designated as hedging instruments included $4,784,385 thousand in interest rate swaps . At December 31, 2025, interest rate swaps on loans designated as hedging instruments totaled $1,937,500 thousand, and customer-related interest rate swaps were $4,666,737 thousand . #### Other Operational Metrics Total lease cost for the three months ended March 31, 2026, was $5,665 thousand, an increase from $4,909 thousand for the same period in 2025 . Share-based compensation expense decreased to $4.2 million for the three months ended March 31, 2026, from $4.8 million in the prior year period . #### Outlook/Guidance No specific forward-looking operational or financial guidance was provided in the available text from the Management’s Discussion and Analysis section . 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