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Eastern Bankshares (EBC) Q2 2024 Earnings Call Transcript

The Motley Fool

See the 10 stocks ยป *Stock Advisor returns as of July 22, 2024 We are delighted to announce that we closed our merger with Cambridge Trust on July 12 and successfully converted all banking customers that we get. And we believe our best days are still ahead of us due to the strategic benefits of the Cambridge merger. 10 overall.

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Eastern Bankshares (EBC) Q1 2024 Earnings Call Transcript

The Motley Fool

The second is our anticipated merger with Cambridge Trust, which demonstrates how we are capitalizing on opportunities. The company's capital position post-merger will be very strong, and we look forward to revisiting our capital management strategies, including share repurchases following the approval of the merger.

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Eastern Bankshares (EBC) Q4 2023 Earnings Call Transcript

The Motley Fool

While we were working on the insurance sale, we were able to come to an agreement with Denis Sheahan and the Cambridge Bancorp Board on the merger we announced in September. The merger with Cambridge meets all of our acquisition criteria in powerful ways. Our board approved a dividend of $0.11

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Prudential Financial (PRU) Q4 2023 Earnings Call Transcript

The Motley Fool

Prismic will enhance our mutually reinforcing business system and drive future growth by leveraging our differentiated brands, global asset and liability origination capabilities, and multichannel distribution. We have cash and collateral balances that earn short-term yields. Turning to Slide 5. Results of our U.S. Sure, Ryan.

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Mr. Cooper Group (COOP) Q4 2023 Earnings Call Transcript

The Motley Fool

Additionally, the acquisitions of Rushmore Servicing and Roosevelt Management added another 32 billion and brought us best-in-class special servicing capabilities in the infrastructure to launch our first MSR fund. The WMIH merger brought us 1 billion in deferred tax assets. At the time, there was skepticism about their value.

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Mr. Cooper Group (COOP) Q2 2023 Earnings Call Transcript

The Motley Fool

But if you include pending acquisitions, such as Home Point, we're over 950 billion, which is nearly on top of our 1 trillion target. Also contributing to portfolio growth, we completed the acquisition of Rushmore Servicing, which now makes us one of the largest special servicers. And that is now playing out as we foresaw.

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Mr. Cooper Group (COOP) Q3 2023 Earnings Call Transcript

The Motley Fool

You're seeing the benefit of continued strong operating results, the gain from the trust collapse we mentioned last quarter, and the accretion from closing the home point acquisition which came in consistent with our guidance. Now, turning to operations. As the market's leading servicer with 4.3