Eastern Bankshares guides 2026 NII to $1.005B-$1.020B

Eastern Bankshares (EBC) on Tuesday forecast 2026 net interest income in a range of $1.005 billion to $1.020 billion. The bank cited deposit competition as a factor behind the outlook, which it said will continue to pressure net interest margins.

The guidance was provided during the bank’s second-quarter earnings call. The bank said it expects higher deposit costs to persist as it competes for retail and commercial deposits. Loan growth is expected to partially offset the margin pressure, though the bank did not provide a specific loan growth target.

Eastern Bankshares said the 2026 NII range reflects its current view of interest rates and deposit pricing. The bank’s stock has moved little in after-hours trading following the release.