BankingStats

Eastern Bank

Boston, Massachusetts, Suffolk County

$31.1B in total assets, the 73rd largest of 4,309 US banks and 2nd of 95 headquartered in Massachusetts.

FDIC certificate
32773
Established
1989
Owned by
Eastern Bankshares Inc
Primary regulator
FDIC
Website
www.easternbank.com

At a glance

Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.

Measure This bank Percentile Peer range, middle 90% Peer median
Total assets $31.1B 70% $22.4B
Loans $23.3B 74% $14.4B
Deposits $26.1B 73% $18.0B
Return on assets 1.36% 60% 1.29%
Net interest margin 3.60% 49% 3.62%
Efficiency ratio 56.8% 60% 55.1%
Equity to assets 13.00% 75% 11.57%
Loans to deposits 89% 60% 87%

Growth

Total assets grew 12.8% a year over the last 5 years and 12.0% a year over 10 years, including 3 acquisitions in the last 10 years.

Acquisitions

ClosedAcquired bankAssets at acquisition
Nov 2025HarborOne Bank Brockton, MA$5.6B
Jul 2024Cambridge Trust Company Cambridge, MA$5.3B
Nov 2021Century Bank and Trust Company Somerville, MA$7.1B
Oct 2014Centrix Bank & Trust Bedford, NH$966M
Dec 2012The Community Bank, A Massachusetts Cooperative Bank Brockton, MA$317M
Mar 2011Wainwright Bank & Trust Company Boston, MA, an affiliate under the same holding company$1.1B
Oct 2008MassBank Reading, MA, an affiliate under the same holding company$821M
May 2007Sharon Co-operative Bank Sharon, MA$67M
May 2005Plymouth Savings Bank Wareham, MA, an affiliate under the same holding company$1.2B
Nov 2002Eastern Bank and Trust Company Salem, MA, an affiliate under the same holding company$12M
Feb 1998The Hibernia Savings Bank Quincy, MA$443M
Nov 1994Saugus Bank and Trust Company Saugus, MA$193M
Oct 1993First Colonial Bank for Savings Lynn, MA$414M
May 1992Malden Trust Company Malden, MA$225M
Apr 1992Shore Bank and Trust Company Lynn, MA$183M
Oct 1989Eastern Savings Bank Lynn, MA$1.0B

Where they operate

129 branches in 13 counties.

Largest markets by deposits

CountyDepositsMarket shareRank
Suffolk County, MA$9.4B2.5%5 of 36
Middlesex County, MA$4.9B5.9%5 of 42
Essex County, MA$3.6B11.3%3 of 32
Plymouth County, MA$3.3B17.9%2 of 17
Norfolk County, MA$2.2B4.4%6 of 35
Bristol County, MA$688M4.1%10 of 15

Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.

Branch history since 2016

Net gain of 33 branches since 2016 (96 to 129, +34.4%). 6 opened, 62 acquired, 35 closed or sold.

PeriodWhat happenedOpened or acquiredClosed or soldNet changeBranches at end
Start of 2016Starting point96
2016Opened CambridgeClosed Cambridge and Saugus12−195
2017Opened Falmouth and RevereClosed 4 in Massachusetts24−293
2018Opened BostonClosed Middleboro and Salem12−192
2019Closed 3 in Massachusetts03−389
2021Acquired Century Bank and Trust CompanyClosed 7 in Massachusetts207+13102
2022Opened NeedhamClosed 6 in Massachusetts16−597
2023Opened BrooklineClosed Newton11097
2024Acquired Cambridge Trust CompanyClosed 7 in 2 states197+12109
2025Acquired HarborOne Bank230+23132
2026 through Q2Closed 3 in Massachusetts03−3129

Balance sheet and earnings

Loans by type

TypeShareThis bankPeers
1-4 family residential 31%21%
Commercial real estate 25%25%
Multifamily 15%8%
Business (C&I) 14%17%
Construction and land 2%6%
Consumer 1%10%
Other 11%13%

Deposits by type

TypeShareThis bankPeers
Other interest-bearing 58%62%
Noninterest-bearing 26%20%
Time deposits 16%18%

Brokered deposits are 0.4% of deposits (peers 7.3%).

Return on assets

Trailing four quarters, with the peer median.

Credit and capital

This bankPeer median
Noncurrent loans0.46%0.63%
Net charge-offs, annualized0.17%0.14%
Reserves to loans1.39%1.14%
Leverage ratio10.15%10.26%

Noncurrent loans exclude government-guaranteed portions.

Similar size in Massachusetts

Largest competitors in Suffolk County, MA

Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/eastern-bank-boston-ma