Eastern Bankshares, Inc. Revises Earnings Guidance for the Year 2022
July 29, 2022 at 09:00 am EDT
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Eastern Bankshares, Inc. revised earnings guidance for the year 2022. For the year, the company expects net interest income of $570 million to $590 million. This is up from the prior outlook of $530 million to $550 million, an increase of $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. 
