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Wealth Beat News > News > Eastern Bankshares, Inc. (EBC) Q1 2025 Earnings Call Transcript
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Eastern Bankshares, Inc. (EBC) Q1 2025 Earnings Call Transcript

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Last updated: 2025/04/25 at 11:57 PM
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Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2025 Earnings Conference Call April 25, 2025 9:00 AM ET

Company Participants

Robert Rivers – Executive Chair & Chair of the Board
Denis Sheahan – CEO
David Rosato – CFO

Conference Call Participants

Damon DelMonte – KBW
Mark Fitzgibbon – Piper Sandler
Laurie Hunsicker – Seaport Research Partners

Operator

Welcome to the Eastern Bankshares, Inc. First Quarter 2025 Earnings and Announced Merger with HarborOne Corp Conference Call. Currently, all participants’ lines are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. Please note this event is being recorded for replay purposes.

Today’s call will include forward-looking statements. The company cautions investors that any forward-looking statement involves risks and uncertainties and is not a guarantee of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors.

These factors are described in forward-looking statements in the company’s earnings press release and most recent 10-K filed with the SEC. Any forward-looking statements made during this call represent management’s views and estimates as of today, and the company undertakes no obligation to update these statements because of new information or future events.

During the call, the company will also discuss both GAAP and certain non-GAAP financial measures. For reconciliations, please refer to the company’s earnings press release, which can be found at investor.easternbank.com.

I’d now like to turn the call over to Bob Rivers, Eastern Executive Chair and Chair of the Board of Directors.

Robert Rivers

Thank you, Chloe, and good morning, everyone, and thank you for joining our call today. With me is our CEO, Denis Sheahan, and our CFO, David Rosato. Yesterday, we reported our first quarter earnings and announced we entered into a definitive merger agreement with HarborOne Bancorp, a $5.7 billion bank headquartered in Brockton, Massachusetts.

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News April 25, 2025 April 25, 2025
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