Eastern Bank
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Data as of · sourced from FFIEC call reports. How we update
Eastern Bank is an FDIC-insured commercial bank headquartered in Boston, MA, established in 1989 (FDIC certificate 32773), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $31.13B, up 22.3% from Q2 2025, the 2nd largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 12.07% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 32773
- Headquarters
- Boston, MA
- Established
- 1989
- Total assets, Q2 2026
- $31.13B
- Assets vs Q2 2025
- +22.3%
- CET1 ratio, Q2 2026
- 12.07%
- Domestic offices
- 134 FDIC institution directory, current count
- Routing number
- 011301798
- Holding company
- EASTERN BANKSHARES INC
- Asset rank in state
- 2nd of 89 in Massachusetts
Eastern Bank is growing quickly. It reported $31.1 billion in assets at June 30, 2026, up 22.3% from a year earlier. It grew its loan book 27.3% over the year, 4.3 times the median of 6.3% for the 127 banks with $10 billion to $100 billion in assets. It also holds common equity equal to 12.07% of its risk-weighted assets, lower than about three-quarters of banks its size (median 12.98%).
Loans are outrunning deposits: over the year loans rose 27.3% and deposits rose 22.4%. The non-owner-occupied commercial real estate book ($4.2 billion) is worsening: 1.53% of it is past due or on nonaccrual, up from 0.83% a year earlier. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.46% of loans from 0.29% a year earlier.
As of June 30, 2026, Eastern Bank reported a CET1 capital ratio of 12.07%, a return on assets of 1.38%, a nonperforming-loan ratio of 0.47% and a Texas ratio of 3.44%. The figures come from its call report filed with the FFIEC.
Eastern Bank ranks as the 2nd largest of the 89 banks based in Massachusetts, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.7% to $31.13B, loans rose 1.6% and deposits rose 3.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 31.3% of total loans, followed by non-owner-occupied commercial real estate loans at 18.2%. Its 129 offices in the FDIC Summary of Deposits are in 97 cities across 3 states; its Boston 8 offices book 34% of its branch deposits. By the capital ratios in its Q2 2026 call report, Eastern Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 125 High St, Boston, MA 02110
- County
- Suffolk
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- October 19, 1989
- Domestic offices
- 134 FDIC institution directory, current count
- Employees (FTE)
- 2,328
- Domestic deposits
- $26.15B
- Allowance for credit losses
- $325.4M
- Net charge-offs (YTD)
- $19.5M
- Average total assets
- $31.16B
- Average total loans
- $23.06B
- Average interest-bearing deposits
- $19.03B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- October 19, 1989
- FDIC Cert
- 32773
- Fed RSSD
- 128904
- SEC CIK
- 1810546 → filed by EASTERN BANKSHARES INC
- Website
- www.easternbank.com →
- Parent Holding Company
- EASTERN BANKSHARES INC (RSSD 1427239) · EBC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Denis K Sheahan | CEO | Chief Executive Officer |
| Rivers Robert Francis | CHR | Executive Chair |
| Miller Quincy Lee | PRES | President |
| Rosato R David | CFO | Chief Financial Officer |
| Henry Kathleen Cloherty | GC | Executive VP, General Counsel |
| Westermann Donald Michael | CIO | Chief Information Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Eastern Bank's total assets moved between a low of $21.03B (Q2 2024) and a high of $31.13B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$31.13B total assets against $25.45B; $27.08B total liabilities against $21.91B.
$23.00B net loans and leases against $18.08B; $26.15B total deposits against $21.36B.
$4.81B securities against $4.40B; $251.0M cash and balances due against $548.7M.
$350.0M total interest income against $279.9M; $98.0M total interest expense against $77.3M.
$252.0M net interest income against $202.5M.
$61.5M total noninterest income against $45.1M; $167.7M total noninterest expense against $136.1M.
$7.9M provision for credit losses against $7.5M.
$107.8M net income against $102.9M.
1.38% return on assets against 1.62%; 3.60% net interest margin against 3.47%.
12.07% CET1 capital ratio against 13.68%; 10.15% tier 1 leverage ratio against 11.50%.
Inside the full Eastern Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Eastern Bank rankings
Its closest position to the top of a national ranking is 69 of 4,196, for total assets; its furthest is 1,683 of 2,134, for CET1 ratio.
Metric pages for Eastern Bank: Uninsured deposits.
Banks merged into Eastern Bank
- HarborOne Bank, effective November 1, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -3.35% (Q1 2025) to 1.65% (Q3 2025) and its net interest margin ran from 2.96% (Q3 2024) to 3.75% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.07% | 1.38% | 0.47% | 3.44% | 3.60% |
| Q1 2026 | 12.29% | 0.86% | 0.60% | 4.32% | 3.54% |
| Q4 2025 | 12.41% | 1.48% | 0.75% | 5.31% | 3.75% |
| Q3 2025 | 13.36% | 1.65% | 0.37% | 2.48% | 3.45% |
| Q2 2025 | 13.68% | 1.62% | 0.30% | 1.95% | 3.47% |
| Q1 2025 | 13.30% | -3.35% | 0.55% | 3.78% | 3.22% |
| Q4 2024 | 14.77% | 0.83% | 0.76% | 5.20% | 3.04% |
| Q3 2024 | 14.56% | -0.02% | 0.70% | 4.62% | 2.96% |
Swipe the table sideways to see every column.
Branch Network
View all 129 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Eastern Bank (main office) | Boston , MA | 02110 | $7.57B |
| Boston Federal Street Branch | Boston , MA | 02110 | $660.7M |
| Lynnfells Branch | Saugus , MA | 01906 | $504.8M |
| Fellsway Plaza Branch | Medford , MA | 02155 | $429.1M |
| Cambridge Trust Branch | Cambridge , MA | 02138 | $409.6M |
| Liberty Tree Branch | Danvers , MA | 01923 | $375.0M |
| Plymouth Branch | Plymouth , MA | 02360 | $369.4M |
| Vinnin Square Branch | Swampscott , MA | 01907 | $339.7M |
| Bridgewater Branch | Bridgewater , MA | 02324 | $326.8M |
| Wollaston Branch | Quincy , MA | 02170 | $300.4M |
| West Branch | Brockton , MA | 02301 | $283.4M |
| Harborone Bank Branch | Brockton , MA | 02301 | $264.8M |
| Randolph Branch | Randolph , MA | 02368 | $261.1M |
| Melrose Branch | Melrose , MA | 02176 | $259.9M |
| Highlander Branch | Salem , MA | 01970 | $255.9M |
| Lynnfield Branch | Lynnfield , MA | 01940 | $255.1M |
| Quincy Branch | Quincy , MA | 02169 | $236.2M |
| Lakeville Branch | Lakeville , MA | 02347 | $219.7M |
| Huron Village | Cambridge , MA | 02138 | $219.7M |
| Lynngate Branch | Lynn , MA | 01904 | $216.9M |
| Foster Street Peabody Branch | Peabody , MA | 01960 | $210.5M |
| Market Street Branch | Lynn , MA | 01901 | $210.5M |
| Easton Branch | North Easton , MA | 02356 | $207.2M |
| Norwell Branch | Norwell , MA | 02061 | $206.0M |
| Jamaica Plain Branch | Jamaica Plain , MA | 02130 | $204.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2025 | Structure Change | Acquired HarborOne Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 13, 2024 | Structure Change | Acquired Cambridge Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 12, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 13, 2021 | Structure Change | Acquired Century Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 12, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 25, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 25, 2014 | Structure Change | Acquired Centrix Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 1, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 1, 2012 | Structure Change | Acquired The Community Bank, A Massachusetts Cooperative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 19, 2011 | Structure Change | Acquired Wainwright Bank & Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 18, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 11, 2008 | Structure Change | Acquired MassBank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 10, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 12, 2007 | Structure Change | Acquired Sharon Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 12, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 28, 2005 | Structure Change | Acquired Plymouth Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 28, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 22, 2002 | Structure Change | Acquired Eastern Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 22, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 28, 1998 | Structure Change | Acquired The Hibernia Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 28, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 11, 1994 | Structure Change | Acquired Saugus Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 11, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 12, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 9, 1993 | Structure Change | Acquired First Colonial Bank for Savings Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 16, 1992 | Structure Change | Acquired Malden Trust Company Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 15, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 25, 1992 | Structure Change | Acquired Shore Bank and Trust Company Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| April 24, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 19, 1989 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 30, 1981 | Structure Change | Acquired First East Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 32 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 3.8% of deposits in MA, rank 5 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 6,794 applications, 3,969 loans originated, $1.62B originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 368 loans, $63.4M approved, $172K average. 1.90% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 35 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Eastern Bank
What are Eastern Bank's total assets?
As of the Q2 2026 filing, Eastern Bank reported total assets of $31.13 billion in its FFIEC call report.
Where is Eastern Bank headquartered?
It is headquartered in Boston, MA, United States.
When was Eastern Bank founded?
It was established in 1989, per the FDIC institution directory.
Is Eastern Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #32773). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Eastern Bank?
Eastern Bank's primary federal regulator is the FDIC.
What is Eastern Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.07% in its Q2 2026 call report, above regulatory requirements.
How many branches does Eastern Bank operate?
It operates 134 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Eastern Bank's Texas Ratio?
Its Texas Ratio is 3.44% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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