Vitals
  • Total Assets
    9.8B 2.2 %
  • Total Deposits
    8.2B 0.7 %
  • Total Net Loans
    7.6B 7.7 %
  • Net Income
    62.9M 0.2 %
  • Book Value
    1.2B 4.2 %
  • Book Value x2
    2.5B 4.2 %
  • Book Value x3
    3.7B 4.2 %
ROAA

.635

ROAE

5.114

Efficiency Ratio

78.466

Net Interest Margin

3.313

Balance Sheet Highlights
Financial Highlights Eastern Bank All Insured Commercial Banks in Massachusetts
Balance Sheet $(000)
Total Assets 9,802,061 1,195,734
Total Net Loans 7,637,897 884,564
Total Deposits 8,208,881 973,316
Total Equity 1,247,977 117,275
Profitability
Net Income 62,928 8,869
Return on Average Assets .635 .594
Return on Average Equity 5.114 5.855
Net Interest Margin 3.313 3.257
Efficiency Ratio 78.466 73.516
Noninterest Income/Revenue 35.397 17.101
Balance Sheet Ratios
Loan-to-Deposit 93.044 91.006
Securities/Assets .123 .127
Total Equity/Total Assets .127 .098
Tangible Equity/Tangible Assets .09 .09
Capital Adequacy
Tier 1 Common Capital 946,460 108,595
Tier 1 Capital 946,460 108,997
Tier 2 Capital 76,688 9,379
Total Capital 1,023,148 118,886
Total Risk Weighted Assets 8,852,426 863,428
Leverage Ratio 9.8 10.038
Common Equity Tier 1 Capital Ratio 10.69 14.848
Tier 1 Capital Ratio 10.69 14.854
Total Capital Ratio 11.56 15.826

Timeline for Eastern Bank

Eastern Labs Llc

Eastern Labs Llc became a new subsidiary organization for Eastern Bank.

View Profile Dec 28 2015

Shared Value Investments Llc

Shared Value Investments Llc became a new subsidiary organization for Eastern Bank.

View Profile Jul 31 2015

Centrix Bank & Trust

Acquisition: Eastern Bank acquired a new subsidiary, Centrix Bank & Trust, 9 years

View Profile Oct 25 2014

The Community Bank, A Massachusetts Cooperative Bank

Acquisition: Eastern Bank acquired a new subsidiary, The Community Bank, A Massachusetts Cooperative Bank, 11 years

View Profile Dec 01 2012

Campello Securities Corporation

Campello Securities Corporation became a new subsidiary organization for Eastern Bank.

View Profile Dec 01 2012

Want to see more?

Complete timeline for Eastern Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Centrix Bank & Trust Seller 965,808 Acquisition Discontinued 10/25/2014
The Community Bank, A Massachusetts Cooperative Bank Seller 317,445 Acquisition Discontinued 12/1/2012
Wainwright Bank & Trust Company Seller 1,106,395 Pooling of Interests Discontinued 3/19/2011
Massbank Seller 821,226 Pooling of Interests Discontinued 10/11/2008
Sharon Co-Operative Bank Seller 67,472 Acquisition Discontinued 5/12/2007
Plymouth Savings Bank Seller 1,228,876 Pooling of Interests Discontinued 5/28/2005
Eastern Bank And Trust Company Seller 12,474 Pooling of Interests Discontinued 11/22/2002
The Hibernia Savings Bank Seller 442,767 Acquisition Discontinued 2/28/1998
Saugus Bank And Trust Company Seller 193,407 Discontinued 11/11/1994
First Colonial Bank For Savings Seller 414,427 Discontinued 10/9/1993
Malden Trust Company Seller 225,228 Failure 5/16/1992
Shore Bank And Trust Company Seller 183,184 Failure 4/25/1992
First East Savings Bank Seller Discontinued 4/30/1981
Relationships Role Relationship Start Relationship End
Eastern Bank Corporation Parent 10/19/1989
Market Street Securities Corporation Subsidary 6/30/2007
Broadway Securities Corporation Subsidary 6/30/2007
Real Property Services, Inc. Subsidary 6/30/2007
Eastern Insurance Group Llc Subsidary 9/14/2008
Shared Value Investments Llc Subsidary 7/31/2015
Eastern Labs Llc Subsidary 12/28/2015
Campello Securities Corporation Subsidary 12/1/2012 12/28/2012
Eastern Investment Advisors, Inc. Subsidary 7/21/2008 9/7/2012
Fantini & Gorga, Incorporated Subsidary 6/30/2007 5/1/2011
Eastern Residential Mortgage Llc Subsidary 1/30/2009 2/24/2011
Melbank Investment Corporation Subsidary 10/11/2008 12/15/2008
Readibank Investment Corporation Subsidary 10/11/2008 12/15/2008
Washington Street Securities Corporation Subsidary 6/30/2007 12/15/2008
Eastern Insurance Services, Llc Subsidary 12/9/2002 9/15/2008
North Shore Holdings, Inc. Subsidary 9/25/1990 7/3/2007
Market Street Securities Corporation Subsidary 5/27/2005 6/29/2007
Broadway Securities Corporation Subsidary 8/10/1998 6/29/2007
Real Property Services, Inc. Subsidary 5/28/2005 6/29/2007
Fantini & Gorga, Incorporated Subsidary 7/31/2001 6/29/2007
Washington Street Securities Corporation Subsidary 6/17/2004 6/29/2007
Eastern Preferred Capital Corporation Subsidary 9/2/2005 4/5/2007
Naumkeag Securities Corporation Subsidary 5/27/2005 9/1/2006
Eastern Mortgage Corporation Subsidary 3/8/1985 9/1/2006
Essex Street Securities Corporation Subsidary 5/27/2005 7/13/2006
Limerick Securities Corporation Subsidary 2/28/1998 7/13/2006
Eastern Portfolio Advisors, Inc. Subsidary 10/19/1989 9/1/2005
Eastern Securities Corporation Subsidary 12/31/1990 5/27/2005
Beacon Asset Management Llc Subsidary 9/1/1998 12/31/2002
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