Eastern Bankshares, Inc.
Close on Oct 19, 2026
- Market cap
- $4.61B
- P/E (TTM)
- 12.0
- Dividend yield
- 2.43%
About Eastern Bankshares
Savings Institution, Federally Chartered, SIC 6035
Eastern Bankshares, Inc. operates as a bank holding company that delivers commercial, retail, and wealth management services primarily through its subsidiary, Eastern Bank. The organization provides various deposit accounts, including demand, interest checking, money market, savings, and certificate of deposit products. Its lending operations encompass commercial and industrial financing, commercial real estate, construction loans, business banking, residential mortgages, and home equity lines. In addition, the firm delivers specialized cash management, lockbox collection, and account reconciliation services. Its customer base includes individual consumers, small enterprises, middle-market corporations, institutions, municipalities, and non-profit entities. Through its Cambridge Trust Wealth Management division, it also provides investment management, financial planning, custodial, and fiduciary services.
Headquartered in Boston, Massachusetts, the company focuses its operations within the Boston–Worcester–Providence combined statistical area. Its primary footprint spans eastern, central, and southern Massachusetts, southern New Hampshire, and Rhode Island. The bank distributes its financial services through a regional branch banking network alongside digital and mobile platforms.
Summary of the business section of Eastern Bankshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Eastern Bankshares, Inc.
- Founded
- 1818
- Headquarters
- Boston, MA
- Address
- 125 High Street, Ste 901, Oliver Street Tower 02110
- Phone
- (617) 897-1100
- Employees
- 2,450, Dec 31, 2025
- Industry
- Savings Institution, Federally Chartered
- Incorporated in
- Massachusetts
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- EBC
- Exchange
- Nasdaq
- IPO date
- Oct 15, 2020
- Shares outstanding
- 229M, Jul 31, 2026
- Public float
- $2.88B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1810546
- CUSIP
- 27627N105
- ISIN
- US27627N1054
- LEI
- 549300J245MBQU3DO403
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Denis K. Sheahan | Chief Executive Officer, Director | 312,476 |
| Robert Francis Rivers | Executive Chair, Director | 463,203 |
| R. David Rosato | Chief Financial Officer | 68,734 |
| Kathleen Cloherty Henry | Executive VP, General Counsel | 77,164 |
| Donald Michael Westermann | Chief Information Officer | 27,555 |
| Steven Louis Antonakes | Executive VP | 80,075 |
| David Andrew Ahlquist | SVP, Chief Accounting Officer | 40,575 |
| Quincy Lee Miller | President | 169,879 |
| Richard Corey Bane | Director | 198,498 |
| Joseph F. Casey | Director | 293,700 |
| Luis Borgen | Director | 20,475 |
| Andargachew S. Zelleke | Director | 13,595 |
| Richard Edward Holbrook | Director | 278,998 |
| Deborah C. Jackson | Director | 94,339 |
| Diane Hessan | Director | 124,498 |
| Peter Kenneth Markell | Director | 182,498 |
| Joseph Chung | Director | 132,498 |
| Marisa Harney | Director | 12,751 |
| Linda Marie Williams | Director | 12,751 |
| Leon Aghababai Palandjian | Director | 99,561 |
| Cathleen Agnes Schmidt | Director | 32,180 |
| Bari A. Harlam | Director | 81,967 |
| Michael James Sullivan | Director | 133,624 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $4.43M | $5.07M | $2.74M | $128 | $153 |
| FY2024 | $4.19M | $5.03M | $1.78M | $116 | $143 |
| FY2023 | $4.92M | $3.90M | $2.00M | $93 | $127 |
| FY2022 | $6.74M | $5.86M | $3.44M | $110 | $127 |
| FY2021 | $4.21M | $4.19M | $2.38M | $126 | $137 |
| FY2020 | $3.67M | $3.41M | $2.01M | $134 | $135 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“The Company (with subsidiaries) employed a total of 2,450 employees as of December 31, 2025, of which 2,247 were full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 4, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 3, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 17, 2025 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jul 15, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 13, 2023 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Oct 31, 2023 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 12, 2021 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 8, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |