Eastern Bankshares (NASDAQ: EBC) reported record operating net income of $111 million, or $0.51 per diluted share, in the third quarter, up 4% from the prior quarter and 50% from a year earlier, supported by commercial lending growth, expense control and improved credit metrics. Total revenue rose 1% to $306.6 million, while net interest margin fell 4 basis points to 3.62% as higher funding costs outweighed gains in asset yields. Period-end loans grew $261 million, or 1.1%, led by commercial real estate and commercial and industrial lending, with commercial loan pipelines at about $1 billion. Management said some clients are taking a more measured approach to investment because of interest-rate uncertainty, slowing loan closings relative to expectations. The company remains optimistic about its full-year targets and will provide 2027 guidance after further assessing the higher-rate environment.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on dailypolitical.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- First Western (MYFW) Q3 2026 Earnings Call Transcript
First Western Financial (NASDAQ: MYFW) reported third-quarter 2026 net income of $6.0 million, up 88% from $3.2 million a year earlier, with diluted EPS of $0.60. Net interest income rose 5.5% to $23.0 million, and the net interest margin reached 2.95%, five basis points higher than the prior quarter. Total loans held for investment grew 3.5% to $2.81 billion and total deposits rose 2.5% to $2.92 billion, led by non-interest-bearing and money market accounts; the non-performing asset ratio fell to 0.39%. Management said it added 14 senior hires from FirstBank and expects about 10% loan growth for full-year 2026. Risks cited include a sharp fall in mortgage production as rising rates reduced residential loan demand, and a two-basis-point rise in the cost of funds to 2.88%.
- Goldman's Equities Revenues Jump 72% Y/Y in Q3: Can Growth Sustain?
Goldman Sachs (GS) Equities net revenues rose 72% year over year to $6.44 billion in the third quarter of 2026, its second-highest quarterly result in this business. For the first nine months of 2026, Equities revenues grew 57% to $19.18 billion. Equities financing revenues jumped 96% to a record $3.37 billion in the quarter, as demand exceeded industry capacity and activity in Asia was strong. Combined FICC and Equities financing revenues reached a record $12.7 billion over nine months, accounting for more than 40% of total FICC and Equities revenues. The article cites market volatility, weaker trading activity, elevated interest rates and geopolitical uncertainty as potential drags, and notes Morgan Stanley's Equities revenues of $5.80 billion in the quarter, up 41%.
- American Express Earnings Reveal There’s 1 Consumer Group Not Concerned With High Interest Rates
- Great Southern Bancorp ( GSBC ) Q3 2026 Earnings Call Transcript
Great Southern Bancorp reported third-quarter 2026 net income of $14 million, down from $17.8 million a year earlier due to a non-cash hedge accounting adjustment; excluding that item, non-GAAP net income was $16.5 million. Net interest margin rose to 3.75% from 3.72% a year earlier, while loans fell $108.4 million from December 31, 2025, mainly due to elevated early payoffs in commercial real estate and multifamily. The bank bought $400 million of fixed-rate agency mortgage-backed securities and collateralized mortgage obligations to mitigate downside interest rate risk, and it closed nine banking centers and eliminated 66 positions, which it expects to add $2.3–2.7 million to annual pre-tax income starting in the fourth quarter of 2026. Management said the securities purchase may modestly reduce net interest margin in future quarters, and the board authorized a new program to repurchase one million shares.
- Columbia Banking ( COLB ) Q3 2026 Earnings Call Transcript
Columbia Banking reported third-quarter operating EPS of $0.82, up from $0.76 in the prior quarter, as net interest margin rose 18 basis points to 4.11%. Customer deposits rose to $52.7 billion, and deposit growth of $1.2 billion helped the bank cut wholesale funding by $1.5 billion. The company completed its previous buyback by repurchasing 6.5 million shares for $200 million in the quarter and received board approval for a new $1.2 billion repurchase plan with no expiration date. Non-performing assets fell to 0.39% of total assets, while tangible book value per share declined to $18.10 from $19.22, mainly due to higher other comprehensive losses from interest rate changes. Management guided to a net interest margin of about 4.05% for the fourth quarter, citing a modest negative carry from excess subordinated debt and seasonal deposit outflows.
- Civista Bancshares ( CIVB ) Q3 2026 Earnings Call Transcript
Civista Bancshares (CIVB) reported third-quarter 2026 net income of $16.0 million, up 25.5%, and diluted EPS of $0.77 versus $0.68 a year earlier. The net interest margin rose 35 basis points to 3.93%, driven by disciplined deposit pricing and reduced reliance on wholesale funding, with brokered funding down $25.0 million during the quarter. Total loans reached $3.3 billion, growing at an annualized rate of 4.7%, while noninterest-bearing deposits increased $30.3 million to $725.4 million. Management expects fourth-quarter noninterest expense of $28.7 million to $29.5 million. Starting in December 2026, $104.4 million of subordinated debt will move to a variable rate, which is expected to reduce the quarterly net interest margin by 5 to 6 basis points.
Related markets
Latest news
- Stock-Split Watch: Is Palantir Next?
Palantir stock has gained about 13.5%, and roughly 714% over the past five years, while the S&P 500 rose 70.5% over the same five-year period. The shares trade near $200, and the author says that level is not yet likely to prompt a split, though a move toward $500 that holds would make one more likely. Palantir has never split its stock in the roughly six years it has been publicly traded. In its Q2 report published in August, sales rose 93% year over year to $1.935 billion, and non-GAAP adjusted operating income reached $1.194 billion, a 62% margin. The author argues the company does not need a split to lift its valuation, and that its sales growth and margins could continue to support the stock's upward momentum.
- Why Is Solana Worth About 17 Times More Than Sui?
Solana's market value is about $59.8 billion, roughly 15.3 times Sui's $3.9 billion. Both are high-speed layer 1 blockchains, and the market ranks Solana seventh by market cap versus Sui at 30th. Sui rose 25.7% over 60 days while SOL rose 5.8%, but Sui then fell 15.5% over 14 days to around $0.95. On a fully diluted basis, which counts all possible tokens, the gap narrows to about 6.8 times ($64.4 billion versus $9.5 billion), since only 41.2% of Sui's maximum 10 billion supply is circulating versus 92.7% of Solana's. U.S. spot Solana ETFs held about $1.61 billion in net assets as of October 22, 2026, though inflows have reversed from a peak, while the 21Shares Sui Staking ETF began trading on February 24, 2026, and SUI has dropped 32.1% in 2026.
- Forget Casgevy: CRISPR Therapeutics' Heart-Disease Data Could Matter More
CRISPR Therapeutics developed Casgevy, the first approved therapy using the CRISPR gene-editing technique in 2023, and shares its rights with Vertex Pharmaceuticals (VRTX). The article argues that the investigational CTX310, which targets high LDL cholesterol and triglycerides, could matter more to the company's future as a possible one-time option, since more than 40 million U.S. patients have high LDL or TG levels versus about 60,000 addressable patients for Casgevy. In a Phase 1a trial reported in August, the highest dose cut mean TG by 48% and mean LDL by 53% in patients with certain genetic conditions, and Phase 1b data are due in early November. Risks include clinical and regulatory setbacks, high prices and difficult administration. The author views the company as fairly attractive, but only for investors comfortable with significant risk and volatility.
- Amazon.com (AMZN) Cancels $427 Million Loudoun County Data Center Project
Amazon.com has dropped plans for a US$427 million data center complex in Loudoun County after sustained local opposition. According to local officials, part of the cancelled budget will go to new community investment initiatives in Northern Virginia. The article also cites Anthropic's report that cloud capacity for AI workloads is being rationed across large providers, including Amazon Web Services, because of supply constraints. Amazon's security teams are responding to the global PHP2Shell vulnerability, which targets PHP-based web servers and large-scale hosting environments. The article notes that Amazon continues heavy investment elsewhere, including a €16b program in Germany and work on small modular reactors.
- Nvidia and 3 AI Infrastructure Stocks Backed by Hyperscaler Data Center Spending
The article argues that AI data centers are drawing heavy capital, with Nvidia and Broadcom already reporting triple-digit gains in data center and AI chip revenue. It highlights Marvell Technology, which designs integrated circuits for cloud and AI infrastructure, generating about US$9.5b a year with a market value near US$196b; NVIDIA made a US$2B equity investment in Marvell on March 31, 2026 via NVLink Fusion. Lumentum Holdings supplies optical hardware linking AI data center clusters, with its Integrated Enterprise segment generating about US$3.0b in revenue and the business valued near US$68.2b. Quanta Computer builds cloud servers for hyperscalers, with its electronics division posting about NT$6,197.5b in segment revenue and the group valued around NT$1,241.2b; the article notes that ramping the next-generation GB300 AI server platform is expected to accelerate AI server shipments in late 2025 and 2026.
- S & P 500 ( SPY ) And Dow Jones Industrial Average ( DJIA ) Slide As Oil Prices Surge And AI Profitability Fears Persist
U.S. stocks closed lower on Friday: the S&P 500 (SPY) fell 0.52% and the Dow Jones Industrial Average (DIA) dropped 1.23%, while the Nasdaq 100 (QQQ) was flat after a partial chip-stock recovery offset Thursday's 2.9% drop. Pressure came from WTI crude, which rose more than 2% amid risks of Houthi attacks on Saudi Arabia and possible renewed US and Israeli strikes on Iran, along with doubts over whether AI can generate sustainable profits. The 10-year breakeven inflation rate rose 0.8 basis points to 2.348%. Meta slipped a further 0.5% after its 7.0% loss on Thursday, while Norwegian Cruise Line fell more than 3% after JPMorgan downgraded it to underweight from neutral and cut its price target to $11 from $13. SLB gained more than 7% after reporting above-consensus earnings.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.