Eastern Bankshares Inc

easternbank.com

What Do They Do?

Provides deposit accounts, loans, and wealth management and trust services to retail, commercial, and small-business customers.

How Do They Make Money?

Investment advisory customers are charged management and custody fees based on monthly account values, plus a base fee prorated over time and fixed charges for special services. Deposit customers pay account-access and transaction fees; merchants pay interchange when debit-card transactions settle.

revenue

Segment	Share	How money arrives
Investment advisory fees	52%
Service charges on deposit accounts	26% FY2022: 39%
Card income Usage-based	14%	Usage-based
Other non-interest income	8.1% FY2022: 14%

Who Are Their Customers?

Retail, commercial and small-business customers use the branch network for deposits; wealth and trust clients include individuals, institutions, small businesses and charitable institutions.

Do Revenues Turn Into Profits?

Yes. It kept 66 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

66% of revenue

▼ −26% vs FY2024 ($119.6M, 106%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +19%; vs $32.5M in Q2 FY2025
Net income: ▲ +5%; vs $100.2M in Q2 FY2025

Investment advisory fees share of revenue vs 53.1% in Q2 FY2025

Growing. Revenue grew 93% in 4 years, from $69.4M in FY2021 to $134.1M in FY2025, about 18% a year.

Insurance business exited The earlier report described banking and insurance agency businesses and offered insurance to personal, commercial and employee-benefits clients; the latest describes banking and wealth services after the insurance assets were transferred and those offerings ended.

Revenue over time

Investment advisory fees Service charges on deposit accounts Card income Other non-interest income Debit card processing fees Trust and investment advisory fees Early Withdrawal Penalty

$200M$100M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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