Eastern Bank: how it compares with its peers
Against 80 U.S. banks with half to twice its assets, Eastern Bank's strongest measure in Q2 2026 is assets per employee ($13.4M vs. a $12.1M peer median). Its weakest relative measure is return on assets (1.13% vs. 1.23%).
| Measure | Eastern Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.13% | 1.23% | Middle third Ahead of 39% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.60% | 3.63% | Middle third Ahead of 48% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.83% | 55.20% | Middle third Ahead of 41% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $13.4M | $12.1M | Middle third Ahead of 61% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.97% | 85.91% | Context |
What it means for lending operations
Its efficiency ratio of 56.83% is above the 55.20% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Glacier Bank Kalispell, MT · $31.58B
- BNY Mellon, National Association Pittsburgh, PA · $30.62B
- TD Bank USA, National Association Wilmington, DE · $32.13B
- Fulton Bank, National Association Lancaster, PA · $32.56B
- City National Bank of Florida Miami, FL · $29.11B
- United Community Bank Greenville, SC · $28.99B
Questions about Eastern Bank
How big is Eastern Bank?
Eastern Bank, established in 1989, is headquartered in Boston, MA. It reported $31.13B in total assets in its Q2 2026 FDIC call report and operates 129 offices.
What is Eastern Bank's return on assets?
1.13% annualized in Q2 2026, against a 1.23% median for 80 U.S. banks with half to twice its assets, ahead of 39% of them.
What is Eastern Bank's efficiency ratio?
56.83% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 55.20%, and lower is better.
Is Eastern Bank growing its loans?
Net loans grew 27.2% over the year to Q2 2026, while deposits grew 22.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.