Eastern Bancorp reports a 46 percent increase in second quarter earnings and a substantial decline in nonperforming assets.

Business WireApril 17, 1996

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Eastern Bancorp reports a 46 percent increase in second quarter earnings and a substantial decline in nonperforming assets.

WILLISTON, Vt.--(BUSINESS WIRE)--April 17, 1996--Eastern Bancorp, Inc. (NASDAQ:EBCP) announced net income of $1.5 million for the quarter ended March 31, 1996.

This represents a $472,000 or 46 percent increase over the same period last year. Earnings per share were $0.60 for the second quarter of fiscal 1996. This compares to $0.42 per share in the prior ye...

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