---
title: "Eastern Bankshares 1Q 2026: Net income $65.26M, EPS $0.29— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285764367.md"
description: "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."
datetime: "2026-05-08T18:51:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285764367.md)
  - [en](https://longbridge.com/en/news/285764367.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285764367.md)
---

# Eastern Bankshares 1Q 2026: Net income $65.26M, EPS $0.29— 10-Q Summary

Eastern Bankshares, Inc. reported first-quarter 2026 results with net income of $65.26M and diluted EPS of $0.29, a recovery from losses in the prior-year quarter driven by higher net interest income and lower losses on securities sales.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$0

($269.64M)

100%

Net income²

$65.26M

($217.67M)

130%

Diluted EPS³

$0.29

($1.08)

126.9%

_¹ Reported as “Losses on sales of securities available for sale, net”. ² Reported as “Net income (loss)”. ³ Reported as “Diluted earnings (loss) per share”._

**Business Highlights**

-   Revenue recovery and operating net income growth were supported by higher net interest income.
-   Mortgage origination activity increased following the HarborOne merger, with secondary market sales rising materially versus the prior year.
-   Cambridge Trust Wealth Management fee income grew to $18.3M and assets under custody rose to $10.3B.
-   Integration with HarborOne increased staffing, technology and amortization expenses and drove M&A-related operating activity.
-   Management continued active monitoring of CRE and office exposures and used interest-rate swaps (about $1.6B notional) to hedge rate risk.

Original SEC Filing: Eastern Bankshares, Inc. \[ EBC \] - 10-Q - May. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [EBC.US](https://longbridge.com/en/quote/EBC.US.md)
- [HONE.US](https://longbridge.com/en/quote/HONE.US.md)

## Related News & Research

- [This Unity Bancorp Analyst Begins Coverage On A Bullish Note; Here Are Top 4 Initiations For Friday](https://longbridge.com/en/news/286591093.md)
- [LIRR issues advice to New York commuters as rail strike enters its 3rd day: Work from home if you can](https://longbridge.com/en/news/286761963.md)
- [03:00 ETKnoll Debuts Konzert, a private office system where precision meets possibility](https://longbridge.com/en/news/286868325.md)
- [PM Modi's push for WFH may push up flex, managed workspace demand](https://longbridge.com/en/news/286672826.md)
- [URBANICA Furniture Makes Better Workdays Easier to Design](https://longbridge.com/en/news/287003627.md)