Eastern Bankshares: Growing Through Acquisitions, Attractive Value

  • Eastern Bankshares, Inc. delivered strong Q2 results, with revenue up 59% and solid loan and deposit growth driven by recent mergers. Net interest margin expanded significantly, asset quality improved, and return metrics surged, reflecting operational strength and efficiency gains. Valuation is attractive, trading below book value with a healthy dividend yield over 3% and ongoing share repurchases.