Eastern Bankshares Q3 net income rises to $106.1 million; operating income falls 9%
Eastern Bankshares reported third quarter 2025 net income of $106.1 million, or $0.53 per diluted share, up from $100.2 million in the prior quarter, though the company said this included a GAAP tax benefit. Operating net income fell 9.3% to $74.1 million, and net interest margin declined to 3.47%, which the company attributed to higher deposit costs and lower discount accretion. The Board also approved a share repurchase of up to 11.9 million shares, about 5% of outstanding stock, and a $0.13 quarterly dividend, while the HarborOne merger is expected to close November 1, 2025.
Key points
- Net income was $106.1 million, or $0.53 per diluted share, versus $100.2 million, or $0.50, in the second quarter of 2025; operating net income was $74.1 million, or $0.37 per diluted share, versus $81.7 million, or $0.41.
- Net interest margin fell 12 basis points to 3.47%, and total revenue was $241.5 million versus $244.9 million in the prior quarter.
- The Board approved a repurchase program of up to 11.9 million shares over 12 months, after receiving Federal Reserve non-objection on October 15, 2025.
- A quarterly cash dividend of $0.13 per share is payable December 15, 2025 to holders of record on December 3, 2025; the HarborOne merger is expected to close November 1, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.