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Eastern Bankshares (EBC) Financials

Eastern Bankshares logo
$16.99 -0.12 (-0.70%)
Closing price 04:00 PM Eastern
Extended Trading
$17.10 +0.11 (+0.65%)
As of 06:39 PM Eastern
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Annual Income Statements for Eastern Bankshares

Annual Income Statements for Eastern Bankshares

This table shows Eastern Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 123 135 23 155 200 232 120
Consolidated Net Income / (Loss)		 123 135 23 155 200 232 120
Net Income / (Loss) Continuing Operations		 123 135 23 146 187 -63 120
Total Pre-Tax Income 		158 175 36 176 238 -126 156
Total Revenue		 571 594 580 527 645 313 732
Net Interest Income / (Expense)		 390 411 401 430 568 550 608
Total Interest Income		 415 445 413 435 605 796 947
Loans and Leases Interest Income		 369 402 372 368 476 652 808
Investment Securities Interest Income		 43 40 39 66 126 107 96
Federal Funds Sold and Securities Borrowed Interest Income		 3.41 2.98 1.76 1.89 3.27 37 42
Total Interest Expense		 25 34 12 5.33 37 246 339
Deposits Interest Expense		 17 27 11 5.17 29 226 337
Long-Term Debt Interest Expense		 7.74 6.45 0.76 0.17 8.51 20 1.80
Total Non-Interest Income		 181 182 178 97 77 -238 124
Trust Fees by Commissions		 111 110 116 25 24 24 46
Service Charges on Deposit Accounts		 27 27 22 24 30 29 32
Other Service Charges		 37 27 25 28 30 35 51
Net Realized & Unrealized Capital Gains on Investments		 2.60 4.11 7.35 10 3.10 -335 -15
Other Non-Interest Income		 3.47 14 8.96 10 -11 9.31 9.68
Provision for Credit Losses		 15 6.30 39 -9.69 18 20 67
Total Non-Interest Expense		 398 413 505 361 389 419 508
Salaries and Employee Benefits		 239 252 262 228 233 253 302
Net Occupancy & Equipment Expense		 81 82 79 84 90 91 122
Marketing Expense		 11 9.62 8.88 8.50 9.29 7.59 7.82
Property & Liability Insurance Claims		 4.18 1.88 3.73 4.23 6.25 22 14
Other Operating Expenses		 59 60 149 37 48 43 48
Amortization Expense		 3.89 3.54 2.86 0.22 1.20 1.80 15
Income Tax Expense		 35 39 13 30 52 -63 36
Net Income / (Loss) Discontinued Operations		 - - - 9.13 13 295 0.00
Basic Earnings per Share		 $0.00 $0.00 $0.13 $0.90 $1.21 $1.43 $0.66
Weighted Average Basic Shares Outstanding		 - - 186.76M 184.44M 176.17M 176.43M 212.99M
Diluted Earnings per Share		 $0.00 $0.00 $0.13 $0.90 $1.21 $1.43 $0.66
Weighted Average Diluted Shares Outstanding		 - - 186.76M 184.44M 176.17M 176.43M 212.99M
Weighted Average Basic & Diluted Shares Outstanding		 - - 186.76M 184.44M 176.17M 176.43M 212.99M
Cash Dividends to Common per Share		 - - - $0.07 $0.40 $0.41 $0.45

Quarterly Income Statements for Eastern Bankshares

This table shows Eastern Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 55 42 -194 49 59 319 39 26 -6.19 61 -218
Consolidated Net Income / (Loss)		 55 42 -194 49 59 319 39 26 -6.19 61 -218
Net Income / (Loss) Continuing Operations		 53 31 -202 44 63 32 39 26 -6.19 61 -218
Total Pre-Tax Income 		69 35 -267 60 47 34 49 38 -3.35 72 -184
Total Revenue		 172 119 -172 168 156 160 158 154 203 217 -47
Net Interest Income / (Expense)		 152 150 138 142 137 133 130 129 170 179 189
Total Interest Income		 158 175 189 202 202 204 203 207 266 271 266
Loans and Leases Interest Income		 125 142 154 161 169 168 170 173 231 235 228
Investment Securities Interest Income		 31 32 30 26 26 25 25 24 24 24 33
Federal Funds Sold and Securities Borrowed Interest Income		 1.64 0.55 5.26 15 7.27 10 7.82 11 11 13 4.64
Total Interest Expense		 5.65 25 51 60 65 70 73 79 96 92 77
Deposits Interest Expense		 4.78 17 43 56 60 67 72 78 95 91 76
Long-Term Debt Interest Expense		 0.87 7.55 7.64 4.03 5.36 2.95 0.25 0.25 0.83 0.47 0.81
Total Non-Interest Income		 20 -31 -310 26 19 27 28 25 34 37 -236
Service Charges on Deposit Accounts		 6.71 6.83 6.47 7.24 7.40 7.51 7.51 7.93 8.14 8.43 8.32
Other Service Charges		 7.85 7.39 8.70 9.05 8.16 9.01 8.71 16 6.71 19 9.67
Net Realized & Unrealized Capital Gains on Investments		 1.39 2.18 -334 0.78 -1.12 -0.88 -0.06 -7.29 0.18 -7.73 -269
Investment Banking Income		 - - - - - - - - - - 16
Other Non-Interest Income		 -2.25 0.30 2.86 3.00 -1.52 4.97 4.99 1.76 3.59 -0.66 -1.26
Provision for Credit Losses		 6.48 11 0.03 7.50 7.33 5.20 7.45 6.13 47 6.82 6.60
Total Non-Interest Expense		 96 73 96 100 102 121 101 110 160 138 130
Salaries and Employee Benefits		 61 29 62 62 61 68 64 65 94 79 80
Net Occupancy & Equipment Expense		 21 18 21 22 22 26 26 28 34 34 29
Marketing Expense		 2.12 2.95 1.02 2.11 1.77 2.69 1.52 1.91 1.58 2.82 1.73
Property & Liability Insurance Claims		 1.58 1.54 2.55 3.03 2.81 13 2.29 4.51 3.20 3.87 3.29
Other Operating Expenses		 9.36 22 8.46 10 14 11 6.73 9.63 21 10 8.80
Amortization Expense		 0.30 -0.84 0.29 0.50 0.50 0.51 0.50 0.50 6.21 7.35 7.81
Income Tax Expense		 17 4.15 -65 16 -16 2.31 10 12 2.84 11 34
Basic Earnings per Share		 $0.33 $0.27 ($1.20) $0.30 $0.36 $1.97 $0.24 $0.16 ($0.03) $0.29 ($1.09)
Weighted Average Basic Shares Outstanding		 176.68M 176.17M 176.33M 176.38M 176.43M 176.43M 176.63M 215.65M 214.66M 212.99M 211.09M
Diluted Earnings per Share		 $0.33 $0.27 ($1.20) $0.30 $0.36 $1.97 $0.24 $0.16 ($0.03) $0.29 ($1.08)
Weighted Average Diluted Shares Outstanding		 176.68M 176.17M 176.33M 176.38M 176.43M 176.43M 176.63M 215.65M 214.66M 212.99M 211.09M
Weighted Average Basic & Diluted Shares Outstanding		 176.68M 176.17M 176.33M 176.38M 176.43M 176.43M 176.63M 215.65M 214.66M 212.99M 211.09M
Cash Dividends to Common per Share		 $0.10 - $0.10 $0.10 $0.10 - $0.11 $0.11 $0.11 - $0.12

Annual Cash Flow Statements for Eastern Bankshares

This table details how cash moves in and out of Eastern Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -51 103 1,691 -822 -1,062 524 314
Net Cash From Operating Activities		 205 196 70 174 230 262 284
Net Cash From Continuing Operating Activities		 205 196 70 178 213 385 284
Net Income / (Loss) Continuing Operations		 123 135 23 155 187 -63 120
Consolidated Net Income / (Loss)		 123 135 23 155 200 232 120
Net Income / (Loss) Discontinued Operations		 - - - - 13 295 0.00
Provision For Loan Losses		 15 6.30 39 -9.69 18 20 67
Depreciation Expense		 20 19 16 12 12 12 27
Amortization Expense		 4.75 8.19 -25 -43 17 13 -9.02
Non-Cash Adjustments to Reconcile Net Income		 -4.80 -2.48 82 17 26 349 85
Changes in Operating Assets and Liabilities, net		 47 30 -65 47 -46 32 -5.78
Net Cash From Discontinued Operating Activities		 - - - - 17 -124 0.00
Net Cash From Investing Activities		 -647 -145 -2,390 -1,986 -1,077 2,400 1,059
Net Cash From Continuing Investing Activities		 -647 -145 -2,390 -1,981 -1,063 1,912 1,059
Purchase of Property, Leasehold Improvements and Equipment		 -9.03 -7.19 -5.14 -5.73 -8.63 -8.14 -14
Purchase of Investment Securities		 -829 -290 -2,118 -3,338 -2,636 -284 -413
Sale of Property, Leasehold Improvements and Equipment		 - 0.00 0.00 22 17 0.00 15
Divestitures		 0.57 - - - 0.00 0.00 25
Sale and/or Maturity of Investments		 193 294 464 971 1,583 2,827 1,515
Other Investing Activities, net		 -3.27 -142 -731 369 -19 -624 -69
Net Cash From Discontinued Investing Activities		 - - - - -13 489 0.00
Net Cash From Financing Activities		 391 52 4,012 989 -216 -2,138 -1,029
Net Cash From Continuing Financing Activities		 391 52 4,012 989 -215 -2,137 -1,029
Net Change in Deposits		 584 152 2,604 1,098 -654 -1,378 -178
Issuance of Debt		 - - -207 - 707 -693 -740
Repurchase of Common Equity		 - 0.00 0.00 -23 -202 0.00 -28
Payment of Dividends		 - 0.00 0.00 -52 -66 -67 -83
Other Financing Activities, Net		 -1.17 -1.06 -178 - 0.00 0.00 -0.94
Net Cash From Discontinued Financing Activities		 - - - - -0.67 -0.96 0.00
Cash Interest Paid		 24 34 14 5.35 35 232 316
Cash Income Taxes Paid		 30 31 35 43 42 66 19

Quarterly Cash Flow Statements for Eastern Bankshares

This table details how cash moves in and out of Eastern Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -210 11 1,968 -1,264 -265 84 46 12 139 117 -638
Net Cash From Operating Activities		 61 3.44 101 72 36 53 33 54 108 89 47
Net Cash From Continuing Operating Activities		 51 -4.15 89 62 45 189 33 54 108 89 47
Net Income / (Loss) Continuing Operations		 55 29 -202 44 63 32 39 26 -6.19 61 -218
Consolidated Net Income / (Loss)		 55 42 -194 49 59 319 39 26 -6.19 61 -218
Provision For Loan Losses		 6.48 11 0.03 7.50 7.33 5.20 7.45 6.13 47 6.82 6.60
Depreciation Expense		 1.60 3.06 2.99 3.07 2.99 3.25 3.33 3.41 10 10 10
Amortization Expense		 -2.12 15 3.30 3.06 3.16 3.16 3.47 4.41 -8.01 -8.89 -11
Non-Cash Adjustments to Reconcile Net Income		 13 -10 266 4.95 -9.45 87 18 14 24 28 214
Changes in Operating Assets and Liabilities, net		 -23 -51 19 -0.93 -22 37 -38 -0.05 41 -8.40 45
Net Cash From Investing Activities		 -175 -504 1,920 -172 109 545 -44 108 1,025 -30 -81
Net Cash From Continuing Investing Activities		 -161 -504 1,920 -172 109 56 -44 108 1,025 -30 -81
Purchase of Property, Leasehold Improvements and Equipment		 -1.52 -2.25 -1.22 -0.97 -2.10 -3.85 -2.49 -4.03 -1.73 -5.30 -1.80
Purchase of Investment Securities		 -169 -1,297 -142 -45 -81 -16 -3.79 - -0.82 -409 -1,362
Sale and/or Maturity of Investments		 436 253 2,142 169 369 147 91 184 1,016 223 1,438
Other Investing Activities, net		 -432 542 -79 -295 -177 -72 -129 -72 -14 146 -155
Net Cash From Financing Activities		 -96 512 -52 -1,164 -409 -513 57 -151 -994 59 -604
Net Cash From Continuing Financing Activities		 -96 512 -51 -1,164 -409 -513 57 -151 -994 59 -604
Net Change in Deposits		 -430 241 -433 -361 -757 172 71 -129 -195 75 -522
Repayment of Debt		 - - - - - - - - - - -11
Repurchase of Common Equity		 -29 -31 - - - - - - - -15 -46
Payment of Dividends		 -16 -16 -16 -16 -16 -18 -18 -18 -22 -24 -24
Cash Interest Paid		 5.57 23 47 58 61 66 63 87 84 81 69
Cash Income Taxes Paid		 4.58 17 5.86 16 2.00 42 7.15 12 -0.30 -0.48 1.00

Annual Balance Sheets for Eastern Bankshares

This table presents Eastern Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 11,629 15,964 23,512 22,647 21,133 25,558
Cash and Due from Banks		 136 117 145 106 87 93
Trading Account Securities		 1,509 3,184 8,511 7,167 4,857 4,442
Loans and Leases, Net of Allowance		 8,899 9,594 12,157 13,420 13,799 17,549
Loans and Leases		 8,981 9,707 12,255 13,563 13,948 17,778
Allowance for Loan and Lease Losses		 82 113 98 142 149 229
Loans Held for Sale		 0.03 1.14 1.21 4.54 1.12 0.37
Premises and Equipment, Net		 57 49 81 62 60 67
Intangible Assets		 378 377 650 568 566 1,050
Other Assets		 650 2,643 14,124 1,304 1,753 2,308
Total Liabilities & Shareholders' Equity		 11,629 15,964 23,512 22,647 21,133 25,558
Total Liabilities		 10,029 12,536 20,106 20,175 18,158 21,946
Interest Bearing Deposits		 9,567 12,169 19,649 18,997 17,618 21,319
Long-Term Debt		 19 15 14 704 18 18
Other Long-Term Liabilities		 242 352 443 460 514 560
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,600 3,428 3,406 2,472 2,975 3,612
Total Preferred & Common Equity		 1,600 3,428 3,406 2,472 2,975 3,612
Total Common Equity		 1,600 3,428 3,406 2,472 2,975 3,612
Common Stock		 0.00 1,856 1,837 1,651 1,668 2,240
Retained Earnings		 1,644 1,666 1,769 1,882 2,048 2,085
Accumulated Other Comprehensive Income / (Loss)		 -44 54 -57 -923 -608 -584
Other Equity Adjustments		 0.00 -148 -143 -138 -133 -128

Quarterly Balance Sheets for Eastern Bankshares

This table presents Eastern Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 22,043 22,721 21,583 21,146 21,175 21,044 25,507 24,986
Cash and Due from Banks		 103 98 105 73 71 73 98 129
Trading Account Securities		 7,327 5,171 4,985 4,717 4,731 4,535 4,591 4,445
Loans and Leases, Net of Allowance		 12,753 13,521 13,799 13,745 13,907 13,954 17,502 17,691
Loans and Leases		 12,885 13,662 13,947 13,900 14,056 14,110 17,756 17,916
Allowance for Loan and Lease Losses		 132 141 148 155 149 156 254 224
Loans Held for Sale		 0.95 3.07 2.84 24 2.20 1.31 1.99 8.06
Premises and Equipment, Net		 63 61 60 59 60 61 79 65
Intangible Assets		 662 660 659 567 566 565 1,058 1,042
Other Assets		 1,134 3,194 1,973 1,945 1,827 1,844 2,154 1,571
Total Liabilities & Shareholders' Equity		 22,043 22,721 21,583 21,146 21,175 21,044 25,507 24,986
Total Liabilities		 19,627 20,141 19,057 18,700 18,222 18,077 21,836 21,403
Interest Bearing Deposits		 18,755 18,567 18,204 17,449 17,691 17,558 21,246 20,797
Long-Term Debt		 384 1,101 314 674 18 17 17 20
Other Long-Term Liabilities		 471 461 525 560 502 490 548 551
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,416 2,579 2,527 2,447 2,953 2,967 3,671 3,583
Total Preferred & Common Equity		 2,416 2,579 2,527 2,447 2,953 2,967 3,671 3,583
Total Common Equity		 2,416 2,579 2,527 2,447 2,953 2,967 3,671 3,583
Common Stock		 1,678 1,653 1,659 1,663 1,671 1,675 2,248 2,191
Retained Earnings		 1,856 1,672 1,704 1,747 2,068 2,077 2,048 1,843
Accumulated Other Comprehensive Income / (Loss)		 -979 -610 -701 -830 -655 -654 -496 -324
Other Equity Adjustments		 -139 -136 -135 -134 -132 -130 -129 -127

Annual Metrics And Ratios for Eastern Bankshares

This table displays calculated financial ratios and metrics derived from Eastern Bankshares' official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 4.02% -2.35% -9.03% 22.29% -51.51% 133.97%
EBITDA Growth		 0.00% 10.87% -86.72% 441.46% 83.69% -137.83% 272.02%
EBIT Growth		 0.00% 10.77% -79.44% 390.22% 35.36% -152.89% 223.63%
NOPAT Growth		 0.00% 10.08% -83.17% 540.03% 28.16% -147.29% 235.56%
Net Income Growth		 0.00% 10.08% -83.17% 580.20% 29.16% 16.23% -48.50%
EPS Growth		 0.00% 0.00% 0.00% 592.31% 34.44% 18.18% -53.85%
Operating Cash Flow Growth		 0.00% -4.29% -64.40% 149.80% 31.78% 13.81% 8.46%
Free Cash Flow Firm Growth		 0.00% 0.00% -21.35% 109.32% 156.81% -77.94% -644.16%
Invested Capital Growth		 0.00% 0.00% 112.63% -0.65% -7.15% -5.77% 21.28%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -12.82% 7.18% 15.14% 8.37%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 91.28% 23.52% -2.58% 23.46%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 60.38% 7.07% -1.08% 32.67%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 92.72% 2.79% -1.08% 32.41%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 104.81% 3.74% 627.29% -68.31%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 8.43% 6.14% 629.63% -71.79%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 5.95% -4.46% -16.05% 23.22% 14.51%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -47.73% 123.36% -8.22%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -0.67% 13.41% -4.09% -1.60%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 31.97% 34.07% 4.63% 27.57% 41.42% -32.31% 23.76%
EBIT Margin		 27.62% 29.41% 6.19% 33.38% 36.95% -40.30% 21.29%
Profit (Net Income) Margin		 21.51% 22.76% 3.92% 29.33% 30.98% 74.26% 16.34%
Tax Burden Percent		 77.87% 77.39% 63.34% 87.88% 83.85% -184.27% 76.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.13% 22.62% 36.66% 17.31% 21.71% 0.00% 23.24%
Return on Invested Capital (ROIC)		 0.00% 16.69% 0.90% 4.24% 5.66% -2.86% 3.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 16.69% 0.90% 68.02% 9.34% 85.91% 3.61%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.20% 0.01% 0.29% 1.14% 11.39% 0.02%
Return on Equity (ROE)		 0.00% 16.89% 0.90% 4.53% 6.80% 8.53% 3.63%
Cash Return on Invested Capital (CROIC)		 0.00% -183.31% -71.15% 4.89% 13.07% 3.08% -15.63%
Operating Return on Assets (OROA)		 0.00% 1.50% 0.26% 0.89% 1.03% -0.58% 0.67%
Return on Assets (ROA)		 0.00% 1.16% 0.16% 0.78% 0.87% 1.06% 0.51%
Return on Common Equity (ROCE)		 0.00% 16.89% 0.90% 4.53% 6.80% 8.53% 3.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 8.44% 0.66% 4.54% 8.08% 7.80% 3.31%
Net Operating Profit after Tax (NOPAT)		 123 135 23 146 187 -88 120
NOPAT Margin		 21.51% 22.76% 3.92% 27.60% 28.93% -28.21% 16.34%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -63.78% -3.69% -88.77% 0.00%
SG&A Expenses to Revenue		 58.04% 58.00% 60.34% 60.65% 51.61% 112.56% 59.06%
Operating Expenses to Revenue		 69.73% 69.53% 87.11% 68.46% 60.27% 133.89% 69.50%
Earnings before Interest and Taxes (EBIT)		 158 175 36 176 238 -126 156
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 182 202 27 145 267 -101 174
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 1.12 0.82 1.03 1.16 0.82 1.03
Price to Tangible Book Value (P/TBV)		 0.00 1.47 0.92 1.28 1.51 1.01 1.45
Price to Revenue (P/Rev)		 3.14 3.02 4.83 6.67 4.44 7.78 5.06
Price to Earnings (P/E)		 14.61 13.27 123.14 22.73 14.34 10.48 30.97
Dividend Yield		 0.00% 0.00% 0.00% 1.59% 2.47% 2.97% 2.61%
Earnings Yield		 6.84% 7.53% 0.81% 4.40% 6.97% 9.55% 3.23%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.04 0.78 0.99 1.09 0.79 1.00
Enterprise Value to Revenue (EV/Rev)		 0.00 2.82 4.65 6.42 5.37 7.56 4.96
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 8.29 100.48 23.28 12.97 0.00 20.88
Enterprise Value to EBIT (EV/EBIT)		 0.00 9.60 75.15 19.23 14.54 0.00 23.29
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 12.41 118.66 23.26 18.57 0.00 30.34
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 8.54 38.63 19.40 15.06 9.03 12.78
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 20.17 8.04 24.85 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.01 0.00 0.00 0.28 0.01 0.00
Long-Term Debt to Equity		 0.00 0.01 0.00 0.00 0.28 0.01 0.00
Financial Leverage		 0.00 0.01 0.01 0.00 0.12 0.13 0.01
Leverage Ratio		 0.00 7.27 5.49 5.78 7.85 8.04 7.09
Compound Leverage Factor		 0.00 7.27 5.49 5.78 7.85 8.04 7.09
Debt to Total Capital		 0.00% 1.17% 0.42% 0.41% 22.17% 0.59% 0.48%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 1.17% 0.42% 0.41% 22.17% 0.59% 0.48%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 98.83% 99.58% 99.59% 77.83% 99.41% 99.52%
Debt to EBITDA		 0.00 0.09 0.54 0.10 2.64 -0.18 0.10
Net Debt to EBITDA		 0.00 -0.58 -3.80 -0.90 2.24 0.69 -0.43
Long-Term Debt to EBITDA		 0.00 0.09 0.54 0.10 2.64 -0.18 0.10
Debt to NOPAT		 0.00 0.14 0.64 0.10 3.78 -0.20 0.15
Net Debt to NOPAT		 0.00 -0.86 -4.48 -0.90 3.21 0.79 -0.63
Long-Term Debt to NOPAT		 0.00 0.14 0.64 0.10 3.78 -0.20 0.15
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,484 -1,801 168 431 95 -517
Operating Cash Flow to CapEx		 2,269.30% 2,730.25% 1,357.91% 0.00% 0.00% 3,214.89% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -43.97 -149.11 31.48 11.61 0.39 -1.53
Operating Cash Flow to Interest Expense		 8.16 5.81 5.78 32.73 6.19 1.06 0.84
Operating Cash Flow Less CapEx to Interest Expense		 7.80 5.60 5.36 35.77 6.43 1.03 0.84
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.05 0.04 0.03 0.03 0.01 0.03
Fixed Asset Turnover		 0.00 10.33 10.85 8.09 8.99 5.10 11.54
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 1,619 3,443 3,420 3,176 2,993 3,630
Invested Capital Turnover		 0.00 0.73 0.23 0.15 0.20 0.10 0.22
Increase / (Decrease) in Invested Capital		 0.00 1,619 1,824 -22 -244 -183 637
Enterprise Value (EV)		 0.00 1,676 2,698 3,385 3,463 2,363 3,628
Market Capitalization		 1,793 1,793 2,800 3,516 2,865 2,432 3,703
Book Value per Share		 $0.00 $8.92 $18.36 $18.24 $13.99 $16.86 $16.83
Tangible Book Value per Share		 $0.00 $6.82 $16.34 $14.76 $10.78 $13.65 $11.93
Total Capital		 0.00 1,619 3,443 3,420 3,176 2,993 3,630
Total Debt		 0.00 19 15 14 704 18 18
Total Long-Term Debt		 0.00 19 15 14 704 18 18
Net Debt		 0.00 -117 -102 -131 598 -69 -75
Capital Expenditures (CapEx)		 9.03 7.19 5.14 -16 -8.69 8.14 -1.58
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 -9.13 -13 -320 0.00
Net Nonoperating Obligations (NNO)		 0.00 19 15 14 704 18 18
Total Depreciation and Amortization (D&A)		 25 28 -9.05 -31 29 25 18
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.13 $0.90 $1.21 $1.43 $0.66
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 186.76M 184.44M 176.17M 176.43M 212.99M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.13 $0.90 $1.21 $1.43 $0.66
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 186.76M 184.44M 176.17M 176.43M 212.99M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 186.76M 184.44M 176.17M 176.43M 212.99M
Normalized Net Operating Profit after Tax (NOPAT)		 123 138 23 146 187 -88 120
Normalized NOPAT Margin		 21.51% 23.18% 3.92% 27.60% 28.93% -28.21% 16.34%
Pre Tax Income Margin		 27.62% 29.41% 6.19% 33.38% 36.95% -40.30% 21.29%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 6.27 5.17 2.97 33.01 6.42 -0.51 0.46
NOPAT to Interest Expense		 4.89 4.00 1.88 27.29 5.02 -0.36 0.35
EBIT Less CapEx to Interest Expense		 5.91 4.96 2.55 36.06 6.65 -0.55 0.46
NOPAT Less CapEx to Interest Expense		 4.53 3.79 1.46 30.34 5.26 -0.39 0.36
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 33.34% 32.98% 28.72% 69.04%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 48.35% 133.91% 28.72% 92.19%

Quarterly Metrics And Ratios for Eastern Bankshares

This table displays calculated financial ratios and metrics derived from Eastern Bankshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 17.69% 57.06% -198.28% -6.59% -8.93% 34.57% 191.87% -8.22% 30.07% 35.30% -129.96%
EBITDA Growth		 45.96% 2,413.76% -462.86% -9.14% -22.49% -24.03% 121.34% -31.07% -102.04% 82.18% -430.42%
EBIT Growth		 43.45% 80.94% -504.27% -10.51% -31.92% -3.84% 118.30% -37.04% -107.09% 113.42% -475.85%
NOPAT Growth		 42.32% 19.50% -463.43% -13.20% 20.18% 1.59% 120.64% -40.72% -103.70% 92.87% -433.16%
Net Income Growth		 47.62% 20.54% -476.77% -4.91% 7.92% 653.07% 119.91% -45.88% -110.47% -80.92% -663.22%
EPS Growth		 50.00% 35.00% -500.00% -3.23% 9.09% 629.63% 120.00% -46.67% -108.33% -85.28% -550.00%
Operating Cash Flow Growth		 -10.04% -92.75% 47.01% -25.67% -40.70% 1,434.61% -67.60% -25.05% 200.86% 68.16% 45.31%
Free Cash Flow Firm Growth		 141.47% 470.93% -296.13% -108.43% -136.82% -22.04% 188.54% -82.81% -122.74% -368.26% -201.75%
Invested Capital Growth		 -18.68% -7.15% 21.77% 3.98% 11.42% -5.77% -19.28% 5.07% 18.22% 21.28% 21.30%
Revenue Q/Q Growth		 -4.42% -30.74% -244.24% 197.81% -6.81% 2.36% -1.53% -2.28% 32.07% 6.47% -121.81%
EBITDA Q/Q Growth		 -5.78% -23.17% -710.62% 125.46% -19.63% -24.70% 38.38% -17.79% -102.38% 6,825.05% -351.26%
EBIT Q/Q Growth		 2.98% -49.37% -860.50% 122.57% -21.66% -28.48% 44.71% -22.35% -108.82% 2,252.64% -354.84%
NOPAT Q/Q Growth		 3.20% -41.27% -703.65% 123.73% 42.88% -50.35% 22.65% -31.87% -108.91% 2,689.20% -311.87%
Net Income Q/Q Growth		 7.04% -22.79% -558.92% 125.07% 21.49% 438.80% -87.87% -31.87% -123.50% 1,082.08% -458.17%
EPS Q/Q Growth		 6.45% -18.18% -544.44% 125.00% 20.00% 447.22% -87.82% -33.33% -118.75% 1,066.67% -472.41%
Operating Cash Flow Q/Q Growth		 -37.72% -94.34% 2,823.79% -27.95% -50.31% 46.61% -38.28% 66.69% 99.45% -18.06% -46.66%
Free Cash Flow Firm Q/Q Growth		 -8.93% -60.41% -406.78% 92.38% -297.77% 183.83% 248.39% -115.74% -384.66% -0.95% -32.15%
Invested Capital Q/Q Growth		 2.50% 13.41% 15.88% -22.81% 9.83% -4.09% -0.74% 0.49% 23.57% -1.60% -0.73%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 40.15% 44.54% 0.00% 39.62% 34.17% 25.14% 35.37% 29.76% -0.54% 33.85% 0.00%
EBIT Margin		 40.45% 29.57% 0.00% 35.97% 30.24% 21.13% 31.05% 24.68% -1.65% 33.33% 0.00%
Profit (Net Income) Margin		 31.90% 35.56% 0.00% 29.00% 37.81% 199.01% 24.52% 17.10% -3.04% 28.06% 0.00%
Tax Burden Percent		 78.86% 120.26% 72.57% 80.62% 125.01% 941.79% 78.97% 69.29% 184.55% 84.20% 118.34%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.97% 11.81% 0.00% 26.41% -34.21% 6.83% 21.03% 30.71% 0.00% 15.80% 0.00%
Return on Invested Capital (ROIC)		 5.93% 5.10% 0.00% 2.73% 3.72% 2.00% 4.73% 3.69% -0.23% 6.20% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.92% 8.24% 0.00% 5.31% 2.90% 81.52% 4.73% 3.69% -1.34% 6.20% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.47% 1.01% 0.00% 0.33% 0.63% 10.80% 0.96% 0.22% -0.15% 0.03% 0.00%
Return on Equity (ROE)		 6.40% 6.11% 0.00% 3.06% 4.35% 12.80% 5.69% 3.91% -0.38% 6.23% 0.00%
Cash Return on Invested Capital (CROIC)		 26.41% 13.07% -21.63% -6.48% -13.75% 3.08% 26.70% 0.54% -14.04% -15.63% -20.89%
Operating Return on Assets (OROA)		 1.23% 0.83% 0.00% 0.47% 0.38% 0.30% 0.91% 0.73% -0.05% 1.04% 0.00%
Return on Assets (ROA)		 0.97% 0.99% 0.00% 0.38% 0.48% 2.84% 0.72% 0.50% -0.09% 0.88% 0.00%
Return on Common Equity (ROCE)		 6.40% 6.11% 0.00% 3.06% 4.35% 12.80% 5.69% 3.91% -0.38% 6.23% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 7.97% 0.00% -1.78% -1.91% -1.80% 0.00% 15.74% 14.91% 10.28% 0.00% -3.82%
Net Operating Profit after Tax (NOPAT)		 53 31 -187 44 63 32 39 26 -2.35 61 -129
NOPAT Margin		 30.76% 26.08% 0.00% 26.47% 40.59% 19.69% 24.52% 17.10% -1.15% 28.06% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -0.99% -3.14% 1.23% -2.59% 0.82% -79.52% 0.00% 0.00% 1.11% 0.00% 471.61%
SG&A Expenses to Revenue		 49.23% 42.32% 0.00% 51.36% 54.20% 60.24% 58.17% 61.84% 63.58% 53.50% 0.00%
Operating Expenses to Revenue		 55.77% 61.28% 0.00% 59.56% 65.07% 75.62% 64.22% 71.34% 78.55% 63.52% 0.00%
Earnings before Interest and Taxes (EBIT)		 69 35 -267 60 47 34 49 38 -3.35 72 -184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 69 53 -261 66 53 40 56 46 -1.09 73 -184
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.37 1.16 0.83 0.83 0.88 0.82 0.82 0.83 0.96 1.03 0.97
Price to Tangible Book Value (P/TBV)		 1.89 1.51 1.11 1.12 1.14 1.01 1.01 1.03 1.35 1.45 1.37
Price to Revenue (P/Rev)		 5.52 4.44 7.13 7.30 7.89 7.78 3.76 3.93 5.24 5.06 6.63
Price to Earnings (P/E)		 17.24 14.34 0.00 0.00 0.00 10.48 5.19 5.58 9.37 30.97 0.00
Dividend Yield		 2.04% 2.47% 3.31% 3.37% 3.29% 2.97% 3.07% 3.08% 2.68% 2.61% 2.80%
Earnings Yield		 5.80% 6.97% 0.00% 0.00% 0.00% 9.55% 19.28% 17.92% 10.67% 3.23% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.29 1.09 0.85 0.81 0.88 0.79 0.79 0.81 0.94 1.00 0.94
Enterprise Value to Revenue (EV/Rev)		 5.98 5.37 10.49 8.02 10.10 7.56 3.67 3.84 5.12 4.96 6.43
Enterprise Value to EBITDA (EV/EBITDA)		 16.65 12.97 0.00 0.00 0.00 0.00 10.92 12.36 24.54 20.88 0.00
Enterprise Value to EBIT (EV/EBIT)		 16.18 14.54 0.00 0.00 0.00 0.00 12.38 14.36 29.41 23.29 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 19.84 18.57 0.00 0.00 0.00 0.00 13.24 15.09 38.25 30.34 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.14 15.06 11.96 9.71 12.91 9.03 12.17 13.75 13.93 12.78 11.34
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.37 8.04 0.00 0.00 0.00 24.85 2.66 152.23 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.16 0.28 0.43 0.12 0.28 0.01 0.01 0.01 0.00 0.00 0.01
Long-Term Debt to Equity		 0.16 0.28 0.43 0.12 0.28 0.01 0.01 0.01 0.00 0.00 0.01
Financial Leverage		 0.07 0.12 0.20 0.06 0.22 0.13 0.20 0.06 0.11 0.01 0.01
Leverage Ratio		 6.76 7.85 8.15 8.38 8.88 8.04 7.93 7.76 7.63 7.09 7.06
Compound Leverage Factor		 6.76 7.85 8.15 8.38 8.88 8.04 7.93 7.76 7.63 7.09 7.06
Debt to Total Capital		 13.72% 22.17% 29.92% 11.05% 21.59% 0.59% 0.59% 0.58% 0.47% 0.48% 0.56%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 13.72% 22.17% 29.92% 11.05% 21.59% 0.59% 0.59% 0.58% 0.47% 0.48% 0.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 86.28% 77.83% 70.08% 88.95% 78.41% 99.41% 99.41% 99.42% 99.53% 99.52% 99.44%
Debt to EBITDA		 1.78 2.64 -14.43 -3.78 -6.84 -0.18 0.08 0.09 0.12 0.10 -0.30
Net Debt to EBITDA		 1.30 2.24 -13.14 -2.52 -6.10 0.69 -0.25 -0.28 -0.58 -0.43 1.64
Long-Term Debt to EBITDA		 1.78 2.64 -14.43 -3.78 -6.84 -0.18 0.08 0.09 0.12 0.10 -0.30
Debt to NOPAT		 2.12 3.78 -16.49 -4.38 -7.72 -0.20 0.10 0.11 0.19 0.15 -0.37
Net Debt to NOPAT		 1.55 3.21 -15.02 -2.91 -6.89 0.79 -0.30 -0.35 -0.90 -0.63 2.01
Long-Term Debt to NOPAT		 2.12 3.78 -16.49 -4.38 -7.72 -0.20 0.10 0.11 0.19 0.15 -0.37
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 696 276 -845 -64 -256 215 748 -118 -571 -576 -761
Operating Cash Flow to CapEx		 0.00% 153.07% 8,259.65% 7,443.58% 1,713.62% 1,370.39% 1,310.50% 1,348.00% 6,261.83% 1,674.58% 2,627.48%
Free Cash Flow to Firm to Interest Expense		 123.21 11.02 -16.71 -1.07 -3.94 3.05 10.29 -1.50 -5.94 -6.29 -9.91
Operating Cash Flow to Interest Expense		 10.75 0.14 1.99 1.20 0.55 0.75 0.45 0.69 1.13 0.97 0.62
Operating Cash Flow Less CapEx to Interest Expense		 11.38 0.05 1.96 1.19 0.52 0.70 0.41 0.64 1.11 0.91 0.59
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.01 0.01 0.01 0.01 0.03 0.03 0.03 0.03 0.02
Fixed Asset Turnover		 11.21 8.99 4.45 4.46 4.44 5.10 10.62 10.43 9.80 11.54 8.43
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,800 3,176 3,680 2,841 3,120 2,993 2,970 2,985 3,688 3,630 3,603
Invested Capital Turnover		 0.19 0.20 0.09 0.10 0.09 0.10 0.19 0.22 0.20 0.22 0.16
Increase / (Decrease) in Invested Capital		 -643 -244 658 109 320 -183 -710 144 568 637 633
Enterprise Value (EV)		 3,600 3,463 3,134 2,302 2,742 2,363 2,358 2,414 3,454 3,628 3,385
Market Capitalization		 3,319 2,865 2,131 2,093 2,142 2,432 2,412 2,469 3,534 3,703 3,493
Book Value per Share		 $13.55 $13.99 $14.64 $14.33 $13.87 $16.86 $16.72 $16.80 $17.02 $16.83 $16.82
Tangible Book Value per Share		 $9.83 $10.78 $10.89 $10.59 $10.66 $13.65 $13.51 $13.60 $12.12 $11.93 $11.93
Total Capital		 2,800 3,176 3,680 2,841 3,120 2,993 2,970 2,985 3,688 3,630 3,603
Total Debt		 384 704 1,101 314 674 18 18 17 17 18 20
Total Long-Term Debt		 384 704 1,101 314 674 18 18 17 17 18 20
Net Debt		 281 598 1,003 209 601 -69 -54 -55 -81 -75 -109
Capital Expenditures (CapEx)		 -3.60 2.25 1.22 0.97 2.10 3.85 2.49 4.03 1.73 5.30 1.80
Net Nonoperating Expense (NNE)		 -1.97 -11 6.87 -4.24 4.35 -287 0.00 0.00 3.84 0.00 89
Net Nonoperating Obligations (NNO)		 384 704 1,101 314 674 18 18 17 17 18 20
Total Depreciation and Amortization (D&A)		 -0.52 18 6.29 6.13 6.15 6.42 6.80 7.82 2.26 1.13 -0.25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.33 $0.27 ($1.20) $0.30 $0.36 $1.97 $0.24 $0.16 ($0.03) $0.29 ($1.09)
Adjusted Weighted Average Basic Shares Outstanding		 176.68M 176.17M 176.33M 176.38M 176.43M 176.43M 176.63M 215.65M 214.66M 212.99M 211.09M
Adjusted Diluted Earnings per Share		 $0.33 $0.27 ($1.20) $0.30 $0.36 $1.97 $0.24 $0.16 ($0.03) $0.29 ($1.08)
Adjusted Weighted Average Diluted Shares Outstanding		 176.68M 176.17M 176.33M 176.38M 176.43M 176.43M 176.63M 215.65M 214.66M 212.99M 211.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 176.68M 176.17M 176.33M 176.38M 176.43M 176.43M 176.63M 215.65M 214.66M 212.99M 211.09M
Normalized Net Operating Profit after Tax (NOPAT)		 53 31 -187 44 33 32 39 26 -2.35 61 -129
Normalized NOPAT Margin		 30.76% 26.08% 0.00% 26.47% 21.17% 19.69% 24.52% 17.10% -1.15% 28.06% 0.00%
Pre Tax Income Margin		 40.45% 29.57% 0.00% 35.97% 30.24% 21.13% 31.05% 24.68% -1.65% 33.33% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.30 1.41 -5.29 1.00 0.73 0.48 0.67 0.48 -0.03 0.79 -2.39
NOPAT to Interest Expense		 9.35 1.24 -3.70 0.74 0.98 0.45 0.53 0.33 -0.02 0.66 -1.68
EBIT Less CapEx to Interest Expense		 12.93 1.32 -5.31 0.99 0.70 0.43 0.64 0.43 -0.05 0.73 -2.42
NOPAT Less CapEx to Interest Expense		 9.99 1.15 -3.73 0.72 0.94 0.39 0.50 0.28 -0.04 0.61 -1.70
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.95% 32.98% -142.13% -134.06% -147.21% 28.72% 14.71% 15.89% 20.21% 69.04% -64.89%
Augmented Payout Ratio		 133.70% 133.91% -142.13% -134.06% -217.26% 28.72% 14.71% 15.89% 23.56% 92.19% -119.11%

Key Financial Trends

Eastern Bankshares (NASDAQ: EBC) has experienced a challenging start to 2025 compared to recent quarters. Here are the key takeaways from the last four years of quarterly financial statements, emphasizing trends and notable changes:

  • Net Interest Income has remained strong and relatively stable, with $188.9 million reported in Q1 2025, slightly above many prior quarters, reflecting consistent loan and deposit activity.
  • Salaries and employee benefits have been well-managed, rising moderately with $79.9 million in Q1 2025 compared to prior quarters, indicating a controlled expense environment relative to revenue size.
  • Eastern Bankshares has maintained a solid balance sheet, with total assets around $25 billion as of Q1 2025, reflecting steady growth from about $22 billion in early 2023.
  • Cash and due from banks increased from roughly $72.9 million in Q2 2024 to $128.6 million in Q1 2025, improving liquidity.
  • Loans and leases net of allowance increased from about $13.5 billion in early 2023 to nearly $17.7 billion in Q1 2025, indicating loan portfolio growth but also requiring careful credit risk management.
  • Allowance for loan and lease losses rose from approximately $140 million in early 2023 to $224 million in Q1 2025, a natural increase given the larger loan book and recent credit environment.
  • Eastern Bankshares consistently pays dividends, with $0.10 to $0.12 per share in recent quarters, providing income to shareholders despite earnings volatility.
  • Q1 2025 registered a consolidated net loss of approximately $217.7 million, a significant deterioration from recent quarters that mostly posted profits. This loss was largely driven by a substantial negative net realized and unrealized capital gain on investments of about -$269 million.
  • Total revenue in Q1 2025 was negative (-$47.2 million) due to large investment losses overshadowing the positive net interest income.
  • Cash flow from financing activities sharply negative at -$604 million in Q1 2025, driven by a significant decrease in deposits (-$522 million) and $46.5 million spent on share repurchases, which may indicate liquidity pressures or capital management strategies amid losses.

Summary: Eastern Bankshares has demonstrated solid net interest income and controlled operating expenses, backed by steady asset growth and a healthy loan portfolio. However, the major red flag is the significant investment losses impacting Q1 2025 earnings, resulting in a large net loss. This contrasts with a generally profitable past few years, highlighting volatility related to the bank's investment portfolio. The decline in deposits and high cash outflows for financing activity also suggest potential liquidity or funding challenges in the current quarter. Retail investors should carefully monitor the company’s ability to manage investment risks and sustain deposit growth going forward.

08/28/25 07:54 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Eastern Bankshares' Financials

When does Eastern Bankshares' financial year end?

According to the most recent income statement we have on file, Eastern Bankshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Eastern Bankshares' net income changed over the last 6 years?

Eastern Bankshares' net income appears to be on an upward trend, with a most recent value of $119.56 million in 2024, falling from $122.73 million in 2018. The previous period was $232.18 million in 2023. Find out what analysts predict for Eastern Bankshares in the coming months.

How has Eastern Bankshares' revenue changed over the last 6 years?

Over the last 6 years, Eastern Bankshares' total revenue changed from $570.64 million in 2018 to $731.51 million in 2024, a change of 28.2%.

How much debt does Eastern Bankshares have?

Eastern Bankshares' total liabilities were at $21.95 billion at the end of 2024, a 20.9% increase from 2023, and a 118.8% increase since 2019.

How much cash does Eastern Bankshares have?

In the past 5 years, Eastern Bankshares' cash and equivalents has ranged from $87.23 million in 2023 to $144.63 million in 2021, and is currently $92.59 million as of their latest financial filing in 2024.

How has Eastern Bankshares' book value per share changed over the last 6 years?

Over the last 6 years, Eastern Bankshares' book value per share changed from 0.00 in 2018 to 16.83 in 2024, a change of 1,682.6%.


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This page (NASDAQ:EBC) was last updated on 8/28/2025 by MarketBeat.com Staff
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