Eastern Bankshares (EBC) Misses Q4 EPS by 4c

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Eastern Bankshares, Inc. Reports Fourth Quarter 2021 Financial Results

January 27, 2022 4:06 PM EST

Company Announces a 25% Increase to Quarterly Dividend

BOSTON--(BUSINESS WIRE)-- Eastern Bankshares, Inc. (the Company, or together with its affiliates and subsidiaries, Eastern) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2021 fourth quarter financial results and the declaration of a quarterly cash dividend. Net income for the fourth quarter of 2021 was $35.1 million, or $0.20 per diluted share, compared to net income of $37.1 million, or $0.22 per diluted share, reported for the third quarter of 2021. Operating net income* for the fourth quarter of 2021 was $44.9 million, or $0.26 per diluted share,... More