How did EBC's Q4 earnings surprise investors?

Eastern Bankshares, Inc. (EBC) delivered a notable earnings surprise in Q4 2024, surpassing market expectations in both earnings per share (EPS) and revenue.

1. **Earnings Surprise**: EBC reported quarterly earnings of $0.34 per share, which exceeded the Zacks Consensus Estimate of $0.30 per share. This represents a significant earnings surprise of 13.33%, as the company's performance exceeded expectations.
2. **Revenue Outperformance**: The company posted revenues of $225.78 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.39%. This marks the second quarter in a row where EBC has topped consensus revenue estimates.
3. **Consistent Performance**: EBC has a history of surpassing consensus EPS estimates, having done so two times over the last four quarters. This consistent outperformance underscores the company's strong financial performance and operational efficiency.

Overall, EBC's Q4 earnings report reflects the company's robust financial performance and its ability to exceed market expectations, which is likely to have positively influenced investor sentiment.