Eastern Bankshares Q2 FY26 net income rises 5% to $105.21 million; revenue climbs 26.4% to $309.52 million
EBC•Eastern Bankshares reports higher Q2 FY26 net income and revenue
- Eastern Bankshares posted GAAP net income of $105.21 million for the quarter ended June 30, 2026, up 5%.
- GAAP net interest income rose 24.7% to $251.93 million, lifting net interest margin 7 basis points to 3.66%.
- GAAP noninterest income climbed 34.4% to $57.59 million, driven by mortgage banking income of $3.34 million from a loss of $95,000.
- GAAP noninterest expense increased 22.6% to $167.95 million, led by higher salaries and employee benefits of $97.03 million.
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