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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 source filing: Eastern Bankshares, Inc.’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 10:54 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-054656
| (In thousands, except per share data) | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Net loans | 22,956,047 | 22,753,224 |
| Federal Home Loan Bank stock, at cost | 21,250 | 13,838 |
| Premises and equipment | 118,196 | 119,984 |
| Bank-owned life insurance | 311,387 | 307,836 |
| Goodwill and other intangibles, net | 1,277,643 | 1,300,930 |
| Deferred income taxes, net | 293,659 | 309,963 |
| Prepaid expenses | 255,237 | 259,929 |
| Other assets | 797,702 | 756,396 |
Item 1. Financial Statements
FAQ
- What is Eastern Bankshares, Inc.'s bank owned life insurance?
- Eastern Bankshares, Inc. (EBC) reported bank owned life insurance of $311.39M in Q2 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 50.3% year-over-year, from $207.13M to $311.39M.
- 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.
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