Eastern Bankshares, Inc. Provides Earnings Guidance for the Year 2021
April 30, 2021 at 09:00 am EDT
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Eastern Bankshares, Inc. provided earnings guidance for the year 2021. The company expects net interest income, excluding PPP interest and fees, to be between $360 million and $370 million in 2021 and for PPP interest and fees to be between $30 million and $40 million.
Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). Through the Bank, it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its banking business consists of a full range of banking, lending (commercial, residential and consumer), savings and small business offerings, including its wealth management and trust operations that it conducts through its Eastern Wealth Management division. It offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers, as well as cash management services to its municipal clients. Its securities portfolio consists of government-sponsored residential mortgage-backed securities.
EASTERN BANKSHARES, INC. 
