Eastern Bankshares Q2 net income rises to $105.2 million; new 5% buyback approved
Eastern Bankshares reported second-quarter 2026 net income of $105.2 million, or $0.48 per diluted share, up from $65.3 million, or $0.29 per diluted share, in the first quarter. Operating net income, which excludes items such as merger-related costs, was a record $106.5 million, or $0.49 per diluted share. The Board also approved a share repurchase program of up to 11.35 million shares, or 5% of outstanding common stock, running through December 31, 2027, and a $0.15 quarterly dividend.
Key points
- Net income $105.2 million, or $0.48 per diluted share, vs. $65.3 million, or $0.29, in the first quarter of 2026
- Operating net income of $106.5 million, or $0.49 per diluted share, described as a record
- Share repurchase program of up to 11.35 million shares through December 31, 2027; Federal Reserve non-objection received July 16, 2026
- Quarterly cash dividend of $0.15 per share, payable September 22, 2026, to holders of record as of September 8, 2026
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 July 23, 2026.
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.