# Eastern Bankshares, Inc.

Summary updated: 2026-10-02T13:15:24.712715Z
Canonical: https://finbar.com/research/companies/eastern-bankshares-inc

## Overview

Eastern Bankshares, Inc. is a bank holding company whose principal subsidiary, Eastern Bank, provides banking, trust and investment services. Its offerings include consumer and business deposits, commercial and consumer lending, wealth management, trust, and cash-management services. The company’s primary market is New England, particularly eastern, central and southern Massachusetts, southern and coastal New Hampshire, and Rhode Island. [1](https://app.finbar.com/go?id=P52381158)[2](https://app.finbar.com/go?id=P99673593)[3](https://app.finbar.com/go?id=P114088759)

Eastern Bank traces its roots to 1818, and its stated purpose is “We do good things to help people prosper.” [4](https://www.easternbank.com/our-history-0)[5](https://www2.easternbank.com/join-us-for-good) At year-end 2025, the company reported $30.6 billion in assets and $828.6 million in net interest income; company materials in 2026 report approximately $31.1 billion in assets and more than 125 branches. [1](https://app.finbar.com/go?id=P52381158)[6](https://app.finbar.com/go?id=T2995890)[7](https://investor.easternbank.com/home/default.aspx) A secondary source lists approximately 2,450 employees at December 31, 2025. [8](https://stockanalysis.com/stocks/ebc/employees/)
[1](https://app.finbar.com/go?id=P52381158)[2](https://app.finbar.com/go?id=P99673593)[3](https://app.finbar.com/go?id=P114088759)[6](https://app.finbar.com/go?id=T2995890)[4](https://www.easternbank.com/our-history-0)[5](https://www2.easternbank.com/join-us-for-good)[7](https://investor.easternbank.com/home/default.aspx)[8](https://stockanalysis.com/stocks/ebc/employees/)[4](https://www.easternbank.com/our-history-0)[5](https://www2.easternbank.com/join-us-for-good)[7](https://investor.easternbank.com/home/default.aspx)[8](https://stockanalysis.com/stocks/ebc/employees/)

## Products & services

Eastern Bank offers demand deposit, interest checking, money-market, savings and certificate-of-deposit accounts. Personal checking options include Free, eZ and Premier Checking, while savings products include savings accounts, money-market accounts and CDs; listed featured CD terms include 6, 10, 14 and 18 months. [2](https://app.finbar.com/go?id=P99673593)[9](https://www.easternbank.com/personal-banking/checking-accounts)[10](https://www.easternbank.com/savings-and-cds)[11](https://www.easternbank.com/personal-banking/savings-cds/featured-cd)

Lending products include commercial and industrial working-capital, equipment and acquisition loans; commercial real-estate mortgages, construction loans and lines of credit; asset-based lending secured by receivables or inventory; and small-business term loans, lines of credit and SBA loans. Consumer lending includes residential mortgages and home-equity loans and lines of credit. The FlexEquity HELOC includes a fixed-rate conversion option; the bank’s 2025 disclosures state that these lines generally permit cumulative loan-to-value ratios up to 80%. [12](https://app.finbar.com/go?id=P41318341)[13](https://app.finbar.com/go?id=P11180471)[14](https://app.finbar.com/go?id=P56755089)[15](https://app.finbar.com/go?id=P84987661)[16](https://app.finbar.com/go?id=P92166536)[17](https://www.easternbank.com/business-lending)[18](https://www.easternbank.com/asset-based-lending)[19](https://www.easternbank.com/personal-banking/mortgages)[20](https://www.easternbank.com/personal-banking/home-loan-personal-borrowing/home-equity-line-of-credit-flexequity-heloc)

At year-end 2025, commercial real-estate loans were $9.4 billion, or 40.8% of loans; residential real-estate loans were $5.2 billion, or 22.7%; commercial and industrial loans were $4.3 billion, or 18.6%; and business-banking loans were $1.6 billion, or 6.9%. Business-banking loans are defined as small-business exposures below $1 million and small investment-real-estate exposures below $3 million. [21](https://app.finbar.com/go?id=P8677328)[22](https://app.finbar.com/go?id=P27313621)[12](https://app.finbar.com/go?id=P41318341)[23](https://app.finbar.com/go?id=P59662731)[24](https://app.finbar.com/go?id=P70441202)

Other services include Visa credit and debit cards; online and mobile banking with transfers, bill payment, alerts and mobile check deposit; and business treasury tools for ACH and wire payments, Positive Pay, lockbox reporting, remote check deposit and account reconciliation. Merchant services support card payments in person and online, while international services include letters of credit, documentary collections, trade finance and foreign exchange. Cambridge Trust Wealth Management offers investment management, custody, fiduciary and trustee services, estate administration and financial planning; fiduciary, custodial and agency assets were $10.1 billion at year-end 2025, with division revenue of $69.9 million. [25](https://app.finbar.com/go?id=P55003542)[2](https://app.finbar.com/go?id=P99673593)[26](https://app.finbar.com/go?id=P101391646)[27](https://www.easternbank.com/personal-banking/mobile-online/online)[28](https://www.easternbank.com/business-banking/online/treasury)[29](https://www2.easternbank.com/business-banking/cash-management)[30](https://www.easternbank.com/business-banking/merchant-services)[31](https://www.easternbank.com/business-banking/specialized-services/international)
[2](https://app.finbar.com/go?id=P99673593)[12](https://app.finbar.com/go?id=P41318341)[13](https://app.finbar.com/go?id=P11180471)[14](https://app.finbar.com/go?id=P56755089)[15](https://app.finbar.com/go?id=P84987661)[16](https://app.finbar.com/go?id=P92166536)[21](https://app.finbar.com/go?id=P8677328)[22](https://app.finbar.com/go?id=P27313621)[23](https://app.finbar.com/go?id=P59662731)[24](https://app.finbar.com/go?id=P70441202)[25](https://app.finbar.com/go?id=P55003542)[26](https://app.finbar.com/go?id=P101391646)[9](https://www.easternbank.com/personal-banking/checking-accounts)[10](https://www.easternbank.com/savings-and-cds)[11](https://www.easternbank.com/personal-banking/savings-cds/featured-cd)[17](https://www.easternbank.com/business-lending)[18](https://www.easternbank.com/asset-based-lending)[19](https://www.easternbank.com/personal-banking/mortgages)[20](https://www.easternbank.com/personal-banking/home-loan-personal-borrowing/home-equity-line-of-credit-flexequity-heloc)[27](https://www.easternbank.com/personal-banking/mobile-online/online)[28](https://www.easternbank.com/business-banking/online/treasury)[29](https://www2.easternbank.com/business-banking/cash-management)[30](https://www.easternbank.com/business-banking/merchant-services)[31](https://www.easternbank.com/business-banking/specialized-services/international)

## Geographic presence

Eastern Bankshares’ operating footprint is concentrated in eastern and central Massachusetts, including Greater Boston, southern and coastal New Hampshire, and Rhode Island. As of June 30, 2026, its bank served consumer customers through 128 branches in eastern Massachusetts, New Hampshire, and Rhode Island. [32](https://app.finbar.com/go?id=P154700184) Its official locator lists branch and ATM locations. [33](https://www.easternbank.com/locations)

Geographic lending is concentrated in these markets: at year-end 2025, 89.6% of real-estate-secured loans were backed by property in Eastern’s primary market, and 68.1% of commercial and industrial loans were to customers headquartered there. [34](https://app.finbar.com/go?id=P68344633) [35](https://app.finbar.com/go?id=P68595762) As of June 30, 2026, 85.5% of commercial loans were in Massachusetts, New Hampshire, or Rhode Island. [36](https://app.finbar.com/go?id=P154700255) In the 2025 annual report, Boston accounted for 91.2% of deposits as of June 30, 2025; Eastern’s deposit market share was 4.4% in Boston and 7.2% across the seven Federal Reserve banking markets where it had a branch. [37](https://app.finbar.com/go?id=P28420099)
[32](https://app.finbar.com/go?id=P154700184)[34](https://app.finbar.com/go?id=P68344633)[35](https://app.finbar.com/go?id=P68595762)[36](https://app.finbar.com/go?id=P154700255)[37](https://app.finbar.com/go?id=P28420099)[33](https://www.easternbank.com/locations)

## Business segments

Eastern Bankshares reports one operating and reportable segment, its banking business. Its activities include banking, lending, savings and small-business offerings, as well as wealth-management and trust operations. [38](https://app.finbar.com/go?id=P154700121)

The company also identifies commercial, consumer and wealth-management components, but does not report them as separate segments: resource-allocation decisions are made for the business as a whole, and the activities are interrelated and conducted and financed through banking operations. The 2025 annual filing reports the same single-segment structure. [38](https://app.finbar.com/go?id=P154700121) [39](https://app.finbar.com/go?id=P840121)

No segment-by-segment contribution percentages are disclosed. The company assesses the segment using consolidated net income and measures segment assets as consolidated total assets, rather than providing separate contribution figures for the components. [40](https://app.finbar.com/go?id=P154700122) [41](https://app.finbar.com/go?id=P154700123)
[38](https://app.finbar.com/go?id=P154700121)[39](https://app.finbar.com/go?id=P840121)[40](https://app.finbar.com/go?id=P154700122)[41](https://app.finbar.com/go?id=P154700123)

## Company history

Eastern Bank traces its origins to the Institution for Savings in Salem, Massachusetts, which received its first customer deposit on April 15, 1818. [4](https://www.easternbank.com/our-history-0) [42](https://www.easternbank.com/remembering-eastern-banks-first-trailblazing-customer-rebecca-sutton) In 2020, Eastern completed its conversion from mutual to stock ownership, and Eastern Bankshares’ shares began trading publicly on Nasdaq as EBC. [43](https://www.easternbank.com/newsroom/eastern-bankshares-inc-announces-completion-mutual-stock-conversion-and-stock-offering) [44](https://app.finbar.com/go?id=P27140822)

Eastern expanded through a series of bank mergers: it completed its acquisition of Century Bancorp in November 2021, followed by its merger with Cambridge Bancorp in July 2024. [45](https://investor.easternbank.com/news/news-details/2021/Eastern-Bankshares-Inc.-Announces-Completion-Of-Merger-With-Century-Bancorp-Inc/default.aspx) [46](https://app.finbar.com/go?id=P102562071) In November 2025, it completed its merger with HarborOne Bancorp. [47](https://app.finbar.com/go?id=P50666795) [44](https://app.finbar.com/go?id=P27140822)
[44](https://app.finbar.com/go?id=P27140822)[46](https://app.finbar.com/go?id=P102562071)[47](https://app.finbar.com/go?id=P50666795)[4](https://www.easternbank.com/our-history-0)[42](https://www.easternbank.com/remembering-eastern-banks-first-trailblazing-customer-rebecca-sutton)[43](https://www.easternbank.com/newsroom/eastern-bankshares-inc-announces-completion-mutual-stock-conversion-and-stock-offering)[45](https://investor.easternbank.com/news/news-details/2021/Eastern-Bankshares-Inc.-Announces-Completion-Of-Merger-With-Century-Bancorp-Inc/default.aspx)

## Sources

1. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P52381158)
2. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99673593)
3. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P114088759)
4. [www.easternbank.com](https://www.easternbank.com/our-history-0)
5. [www2.easternbank.com](https://www2.easternbank.com/join-us-for-good)
6. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2995890)
7. [investor.easternbank.com](https://investor.easternbank.com/home/default.aspx)
8. [stockanalysis.com](https://stockanalysis.com/stocks/ebc/employees/)
9. [www.easternbank.com](https://www.easternbank.com/personal-banking/checking-accounts)
10. [www.easternbank.com](https://www.easternbank.com/savings-and-cds)
11. [www.easternbank.com](https://www.easternbank.com/personal-banking/savings-cds/featured-cd)
12. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P41318341)
13. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11180471)
14. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P56755089)
15. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P84987661)
16. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P92166536)
17. [www.easternbank.com](https://www.easternbank.com/business-lending)
18. [www.easternbank.com](https://www.easternbank.com/asset-based-lending)
19. [www.easternbank.com](https://www.easternbank.com/personal-banking/mortgages)
20. [www.easternbank.com](https://www.easternbank.com/personal-banking/home-loan-personal-borrowing/home-equity-line-of-credit-flexequity-heloc)
21. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P8677328)
22. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P27313621)
23. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P59662731)
24. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70441202)
25. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P55003542)
26. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P101391646)
27. [www.easternbank.com](https://www.easternbank.com/personal-banking/mobile-online/online)
28. [www.easternbank.com](https://www.easternbank.com/business-banking/online/treasury)
29. [www2.easternbank.com](https://www2.easternbank.com/business-banking/cash-management)
30. [www.easternbank.com](https://www.easternbank.com/business-banking/merchant-services)
31. [www.easternbank.com](https://www.easternbank.com/business-banking/specialized-services/international)
32. [Eastern Bankshares, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154700184)
33. [www.easternbank.com](https://www.easternbank.com/locations)
34. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68344633)
35. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68595762)
36. [Eastern Bankshares, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154700255)
37. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28420099)
38. [Eastern Bankshares, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154700121)
39. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P840121)
40. [Eastern Bankshares, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154700122)
41. [Eastern Bankshares, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154700123)
42. [www.easternbank.com](https://www.easternbank.com/remembering-eastern-banks-first-trailblazing-customer-rebecca-sutton)
43. [www.easternbank.com](https://www.easternbank.com/newsroom/eastern-bankshares-inc-announces-completion-mutual-stock-conversion-and-stock-offering)
44. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P27140822)
45. [investor.easternbank.com](https://investor.easternbank.com/news/news-details/2021/Eastern-Bankshares-Inc.-Announces-Completion-Of-Merger-With-Century-Bancorp-Inc/default.aspx)
46. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102562071)
47. [Eastern Bankshares, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50666795)

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