Eastern Bank
Eastern Bank reported total assets of $31.1 bn at Q2 2026, up 22.3% on a year earlier, the 70th largest of 497 banks in our US coverage. The CET1 capital ratio at Eastern Bank was 12.07%, and the uninsured share of Eastern Bank was 41.56%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Eastern Bank slipped from 181st to 332nd among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , Eastern Bank has taken over 3 institutions; the latest was HarborOne Bank on (FDIC Call Reports).
What sets Eastern Bank apart
How large is Eastern Bank?
The balance sheet of Eastern Bank at : assets $31.1 bn, deposits $26.1 bn, net loans $23.0 bn (loans equal to 87.97% of deposits). Securities make up 15.5% of total assets at Eastern Bank. Since , when Eastern Bank held $9.9 bn, its assets grew 213.7%. In the year to , deposits at Eastern Bank rose 22.4% while its total assets rose 22.3%. At , Eastern Bank employed 2,328 full-time equivalent staff across 134 offices, about $13.4 mn of assets per employee and $195.1 mn of deposits per office.
How much funding at Eastern Bank is uninsured?
At Eastern Bank, uninsured deposits (above the FDIC limit) made up 41.56% of domestic deposits at (-0.70 pp on a year earlier); Eastern Bank ranks 169th of 500 on this measure. In dollars, Eastern Bank estimated $10.9 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $26.1 bn | +22.4% | 68th of 499 |
| Net loans and leases | $23.0 bn | +27.2% | 66th of 500 |
| Loan-to-deposit ratio | 87.97% | +3.32 pp | 235th of 500 |
| Tier 1 leverage ratio | 10.15% | -1.35 pp | 278th of 500 |
| Total risk-based capital ratio | 13.07% | -1.72 pp | 353rd of 448 |
| Net interest margin | 3.60% | +0.16 pp | 263rd of 500 |
| Return on assets (ROA) | 1.13% | +2.01 pp | 334th of 500 |
| Efficiency ratio | 56.83% | +3.65 pp | 263rd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $23.2 mn | Narrowed by $12.3 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $352.7 mn | Narrowed by $35.1 mn | |
| Noncurrent loans to total loans | 0.47% | +0.17 pp | 182nd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.17% | +0.05 pp | 320th of 500 (1 = lowest) |
US rank of Eastern Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Eastern Bank: assets, deposits and loans
- Total assets $31.1bn
- Deposits $26.1bn
- Net loans $23.0bn
Capital and securities
The CET1 ratio of Eastern Bank stood at 12.07% in , -1.61 pp year on year. Low and high at Eastern Bank since : 10.68% () to 21.74% (). Equity capital of Eastern Bank at : $4.0 bn, or 13.0% of total assets. Eastern Bank also reported a total capital ratio of 13.07% for , and a tier 1 leverage ratio of 10.15%.
On held-to-maturity securities, Eastern Bank carried an unrealized loss of $23.2 mn at , equal to 0.6% of equity capital. The loss narrowed by $12.3 mn over the year. Its deepest point: $68.2 mn in . The available-for-sale portfolio of Eastern Bank showed an unrealized loss of $352.7 mn at ; the loss narrowed by $35.1 mn over the year.
Eastern Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Eastern Bank: unrealized securities gains and losses
- Available for sale -$353mn
- Held to maturity -$23mn
Profitability and loan quality
For the year to , Eastern Bank earned a return on equity of 8.52%; return on assets: 1.13%. Net interest margin at Eastern Bank: 3.60%, +0.16 pp in a year. Eastern Bank net income: $174.1 mn, down 256.1% year on year. The efficiency ratio of Eastern Bank was 56.83%: about 57 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.47% of total loans at Eastern Bank; net charge-offs: 0.17% of average loans. Gross loans and leases at Eastern Bank: $23.3 bn, up 27.3% in a year.
Eastern Bank: profitability
- Return on equity 8.5%
- Net interest margin 3.6%
- Return on assets 1.1%
Peer group of Eastern Bank
The peer group of Eastern Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Eastern Bank (state nonmember bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Massachusetts. Against them, Eastern Bank shows CET1 ratio 12.07% against a peer median of 13.84%, return on equity 8.52% against a peer median of 10.28% and uninsured deposit share 41.56% against a peer median of 39.93%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Fulton Bank | National bank | PA | $32.6 bn | 13.03% | 11.84% | 40.46% | |
| TD Bank USA | National bank | DE | $32.1 bn | 31.20% | 3.55% | 1.28% | |
| Glacier Bank | State nonmember bank | MT | $31.6 bn | 12.99% | 8.91% | 33.97% | |
| Eastern Bank | State nonmember bank | MA | $31.1 bn | 12.07% | 8.52% | 41.56% | |
| BNY Mellon | National bank | PA | $30.6 bn | 15.97% | 7.66% | 53.68% | |
| City National Bank of Florida | National bank | FL | $29.1 bn | 14.65% | 11.86% | 51.50% | |
| United Community Bank | State member bank | SC | $29.0 bn | 12.09% | 11.65% | 39.39% | |
. FDIC Call Reports.
Last eight quarters
Two years at Eastern Bank, to : assets +22.1%, deposits +22.4%, equity +16.4%. Staff 1,910 to 2,328; offices 111 to 134.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $25.5 bn | $25.6 bn | $25.0 bn | $25.5 bn | $25.4 bn | $30.6 bn | $30.6 bn | $31.1 bn |
| Total deposits | $21.4 bn | $21.5 bn | $21.0 bn | $21.4 bn | $21.4 bn | $25.7 bn | $25.3 bn | $26.1 bn |
| Bank equity capital | $3.5 bn | $3.4 bn | $3.4 bn | $3.5 bn | $3.5 bn | $4.1 bn | $4.1 bn | $4.0 bn |
| CET1 ratio | 14.56% | 14.77% | 13.30% | 13.68% | 13.36% | 12.41% | 12.29% | 12.07% |
| Return on equity (ROE) | 2.96% | 3.94% | -25.12% | -6.45% | -0.20% | 2.88% | 6.46% | 8.52% |
| Uninsured share of domestic deposits | 42.32% | 41.82% | 40.81% | 42.26% | 41.67% | 39.77% | 39.93% | 41.56% |
| Full-time equivalent employees | 1,910 | 1,941 | 1,926 | 1,991 | 1,981 | 2,456 | 2,306 | 2,328 |
| Number of offices | 111 | 111 | 111 | 111 | 111 | 138 | 134 | 134 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Eastern Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Century Bank and Trust Company (FDIC certificate 19943).
- . Absorbed Cambridge Trust Company (FDIC certificate 8152).
- . Absorbed HarborOne Bank (FDIC certificate 59070).
Large one-quarter moves at Eastern Bank
- Total assets at Eastern Bank changed by +34.6% in the quarter to 2021-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Century Bank and Trust Company.
Questions and identifiers
What were the total assets of Eastern Bank?
Eastern Bank reported $31.1 bn at in its Call Report. That makes Eastern Bank the 70th largest of 497 banks in our US coverage.
Is Eastern Bank the same as its holding company?
No. This page covers Eastern Bank, FDIC certificate 32773; Eastern Bankshares, Inc., its holding company, reports separately to the Federal Reserve.
Is Eastern Bank profitable?
Eastern Bank reported net income of $174.1 mn for the year to ; annualized return on equity: 8.52%. So yes: Eastern Bank made a profit over these months.
When is data for Eastern Bank next updated?
Figures from Eastern Bank for are due after .
Where can I check the figures for Eastern Bank?
In the FDIC BankFind Suite record for certificate 32773, and in the Call Reports of Eastern Bank (RSSD ID 128904) at the FFIEC Central Data Repository.