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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Massachusetts, the state note

Eastern Bank

Boston, Massachusetts · $31.13B in assets · beside the 5 other New England banks over $10B (the state alone holds too few in the band to rank)

The filing

0.47%
NPA / loans
1st of 6
3.0x
Coverage of noncurrent
1st of 6
60.7%
Efficiency
5th of 6

Eastern Bank is the fourth largest of the 6 New England banks over $10B, with $31.13B in assets at 30 June 2026. Loans are 89.2% of deposits, 4th of 6 against a median of 85.6%, and equity is 13.0% of assets, 2nd of 6. Loans grew +27.3% in the year, 2nd of 6, and deposits grew 22.4%; the cohort's median loan growth is +18.4%.

Noncurrent loans are 0.47% of the book, the lowest in the cohort against a median of 0.66%; 0.26% is 30 to 89 days past due, and the allowance covers them 3.0 times. Net charge-offs are 0.17% of loans, 3rd of 6. Commercial real estate is 35.6% of loans, 4th of 6 against a median of 35.2%, and 253% of capital, below the 300% screen, with construction at 16% against the 100% screen. CRE has grown +86.4% over 36 months, past the guidance's 50% prong.

Return on assets is 1.12%, 3rd of 6 against a median of 1.09%, on an efficiency ratio of 60.7%, 5th of 6. Five years ago it was 1.02%. The question is which of these lines moves first over the next four quarters, and against which peer.

Nonperforming loans, share of loansNew England banks over $10B · 30 June 2026 · lower is stronger, listed first
median 0.66% EB Eastern Bank 0.47% SS State Street Bank & Trust Co. 0.56% RT Rockland Trust Co. 0.56% WB Webster Bank National Association 0.76% BB Beacon Bank & Trust 0.90% CB Citizens Bank National Association 1.36%
Loans, year over yearNew England banks over $10B · 30 June 2026 · no better direction, largest first
median +18.4% BB Beacon Bank & Trust +229.1% EB Eastern Bank +27.3% RT Rockland Trust Co. +26.6% SS State Street Bank & Trust Co. +10.3% WB Webster Bank National Association +7.3% CB Citizens Bank National Association +5.5%

SBA 7(a), FY2008 to FY2026

Eastern Bank is the 1st largest 7(a) lender into Massachusetts of 309, with $778M across 8,606 loans, 12.2% of everything approved in the state (Eastern Bank leads with $778M). 19 of its 39 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Massachusetts, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Middlesex, MA$210M1st of 19013.5%-2.0 pts
Essex, MA$140M1st of 12917.6%-1.5 pts
Suffolk, MA$110M1st of 13017.1%-9.4 pts
Norfolk, MA$109M1st of 14514.4%+0.6 pts
Plymouth, MA$103M1st of 10718.4%-4.5 pts
Providence, RI$83M1st of 9912.7%-4.5 pts
Barnstable, MA$49M1st of 8416.3%+4.0 pts
Rockingham, NH$44M2nd of 1088.0%-1.5 pts
Bristol, MA$37M3rd of 1127.9%+5.8 pts
Hillsborough, NH$35M3rd of 1177.2%-3.5 pts
Kent, RI$34M2nd of 6412.7%-7.8 pts
Worcester, MA$17M11th of 1402.3%+1.2 pts
Newport, RI$14M2nd of 4812.1%quiet FY2021
26 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Construction1,591$155M15.0%0.49%36th of 2,063
Professional & technical services1,791$140M13.6%0.43%39th of 1,955
Accommodation & food services745$119M11.5%0.16%124th of 2,596
Retail trade967$116M11.2%0.19%95th of 2,589
Other services1,248$107M10.3%0.30%67th of 2,248
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Eastern Bank
EB Eastern Bank 12.2% $778M · 8,606 loans LO Live Oak Banking Company 6.9% $442M · 354 loans RT Rockland Trust Company 6.7% $426M · 1,996 loans TB TD Bank, National Association 4.6% $295M · 2,208 loans CB Citizens Bank, National Associati… 4.1% $261M · 1,649 loans BB Beacon Bank and Trust 3.8% $246M · 1,377 loans WB Webster Bank National Association 3.1% $202M · 579 loans SF Salem Five Cents Savings Bank 2.8% $179M · 667 loans Ma Manufacturers and Traders Trust C… 2.2% $142M · 794 loans LB Leader Bank, National Association 2.0% $126M · 675 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Eastern BankRankCohort median
Total CRE against capital, the 300% screen253%3rd of 6254%
Construction against capital, the 100% screen16%2nd of 618%
Construction and land development, share of loans2.2%3rd of 62.6%
Non-owner-occupied nonfarm nonresidential, share of loans18.2%3rd of 618.4%
Total CRE, the guidance definition, share of loans35.6%4th of 635.2%
CRE growth over 36 months, the third prong+86.4%5th of 6+14.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
State Street Bank & Trust Co.$412.62B1.0%67.6%0.56%0.16%0.3%16.1%7.1%
Citizens Bank National Association$232.52B1.0%60.6%1.36%0.37%1.3%79.1%11.4%
Webster Bank National Association$85.90B1.2%49.9%0.76%0.29%1.3%81.9%11.4%
Eastern Bank$31.13B1.1%60.7%0.47%0.17%1.4%89.2%13.0%
Rockland Trust Co.$24.97B1.4%54.0%0.56%0.06%1.1%89.7%15.6%
Beacon Bank & Trust$22.20B1.1%59.9%0.90%0.31%1.3%95.6%11.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Eastern BankCohort median
20212026Change20212026Change
Loans$9.59B$23.32B+143%$15.54B$37.85B+144%
Deposits$14.03B$26.15B+86%$21.60B$48.41B+124%
NPA / loans0.43%0.47%+0.04 pts0.55%0.66%+0.12 pts
Efficiency65.2%60.7%-4.5 pts60.3%60.2%-0.1 pts
ROA1.02%1.12%+0.10 pts1.27%1.09%-0.17 pts

This read was prepared for Eastern Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Eastern Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort New England banks over $10B
Institution www.easternbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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