Eastern Bank Claims Progress in Drive for Organic Growth in Q2
Eastern Bank reported Q2 net income of $105.2 million, up from $65.3 million in Q1, citing improved asset quality and wealth management fee growth. Net interest margin rose to 3.66% from 3.63%. Efficiency ratio fell to 54.3%. Wealth assets reached a record $11.5 billion, with AUM $10.6 billion. CEO Denis Sheahan said organic growth efforts continue.






