05:55 PM EDT, 07/25/2024 (MT Newswires) -- (Corrected to remove the US dollar sign in the last paragraph.)

Eastern Bankshares ( EBC ) reported Q2 non-GAAP earnings late Thursday of $0.22 per diluted share, down from $0.25 a year earlier.

Four analysts surveyed by Capital IQ expected $0.22.

Revenue for the quarter ended June 30 was $154.0 million, down from $167.8 million a year earlier.

One analyst surveyed by Capital IQ expected $160.1 million.

The company said its board maintained the quarterly dividend at $0.11 per share, payable on Sept. 16 to shareholders of record on Sept. 3.

The board also authorized a repurchase of up to 10.8 million shares, or 5% of the company's outstanding shares.