Filing Flows › Eastern Bankshares (EBC) › Q1 2026
Eastern Bankshares (EBC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Eastern Bankshares (EBC) reported revenue of $288M for the first quarter 2026 (Q1 2026), +826% from a year earlier and +2% from the quarter before. Operating margin was 29.1%, net earnings $65.3M (22.6% of revenue).
Eastern Bankshares, Q1 2026: revenue $288M (+826% year over year), operating margin 29.1%, net earnings $65.3M, operating cash flow −$9.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $288M | +2% | +826% |
| Operating profit | $83.8M | -6% | — |
| Net earnings | $65.3M | -34% | — |
| Operating cash flow | −$9.5M | -109% | -120% |
What changed
Revenue was $288.2M in Q1 2026, up 826% year over year and up 2% from the previous quarter.
Operating profit was $83.8M, a 29.1% margin (up 620.0 points year over year). Total costs fell 5% while revenue rose 826%. Net earnings were $65.3M. The effective tax rate was 22.1%.
Operating cash flow was −$9.5M. Non-cash charges added back $15.6M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $94.5M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$12.5M.
Questions
What was Eastern Bankshares' revenue in the first quarter 2026?
Eastern Bankshares (EBC) reported revenue of $288M for the first quarter 2026 (Q1 2026), +826% from a year earlier and +2% from the quarter before.
Was Eastern Bankshares profitable in the first quarter 2026?
Operating profit was $83.8M (29.1% of revenue) and net earnings $65.3M.
Source: Eastern Bankshares 10-Q on SEC EDGAR.