Eastern Bankshares, Inc. EBC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Eastern Bankshares, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The official record: Eastern Bankshares, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Eastern Bankshares, Inc.'s bank owned life insurance?
- Eastern Bankshares, Inc. (EBC) reported bank owned life insurance of $309.36M in Q1 2026.
- How has Eastern Bankshares, Inc.'s bank owned life insurance changed year-over-year?
- Eastern Bankshares, Inc.'s bank owned life insurance increased by 50.1% year-over-year, from $206.09M to $309.36M.
- What is the long-term trend for Eastern Bankshares, Inc.'s bank owned life insurance?
- Over 5 years (2020 to 2025), Eastern Bankshares, Inc.'s bank owned life insurance has grown at a 31.4% compound annual growth rate (CAGR), from $78.56M to $307.84M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or executives. The bank acts as the beneficiary, and the policy growth provides a tax-advantaged return that helps offset the costs of employee benefit programs. It serves as a strategic asset used to manage long-term compensation liabilities.