Eastern Bankshares Q3 2026 net income rises 6% quarter on quarter to $111 million
EBC•Eastern Bankshares’ third-quarter 2026 net income rose 6% from the second quarter to $111 million. Net interest income increased to $257.9 million, revenue fell to $306.6 million, and non-performing loans declined 22% to $84.8 million.
1. Quarterly results
Eastern Bankshares’ third-quarter 2026 net income rose 6% from the second quarter to $111 million. Net interest income climbed to $257.9 million, while revenue fell to $306.6 million. Non-performing loans dropped 22% quarter on quarter to $84.8 million, their third consecutive quarterly decline following the HarborOne merger.
2. Loan pipeline
CEO Denis Sheahan said commercial loan pipelines were strong, but closings were slower than anticipated. Some clients were taking a measured approach amid interest rate uncertainty.
