NASDAQ : EBC
Eastern Bankshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 22.64 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.96B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.22B | 1.01B | 808.04M | 652.10M | 476.04M | 367.58M |
| Interest Income on Investments | 164.40M | 154.90M | 138.72M | 144.36M | 129.14M | 67.57M |
| Total Interest Income | 1.39B | 1.16B | 946.77M | 796.46M | 605.18M | 435.16M |
| Interest Paid on Deposits | 383.60M | 332.40M | 337.40M | 226.08M | 28.62M | 5.17M |
| Interest Paid on Borrowings | 13.45M | 3.25M | 1.77M | 19.97M | 8.51M | 165.00K |
| Total Interest Expense | 397.05M | 335.65M | 339.17M | 246.05M | 37.13M | 5.33M |
| Net Interest Income | 991.88M | 828.59M | 607.60M | 550.41M | 568.05M | 429.83M |
| Trust Income | 76.02M | 69.92M | 46.13M | 24.26M | 23.59M | 24.59M |
| Gain (Loss) on Sale of Assets | 1.40M | 1.40M | ||||
| Gain (Loss) on Sale of Investments | -838.00K | -269.64M | -16.80M | -333.17M | -3.16M | 1.34M |
| Other Non-Interest Income | 70.07M | 55.87M | 63.47M | 42.79M | 24.27M | 42.41M |
| Total Non-Interest Income | 195.76M | -105.94M | 123.92M | -237.75M | 76.75M | 97.61M |
| Revenues Before Loan Losses | 1.19B | 722.65M | 731.51M | 312.66M | 644.80M | 527.43M |
| Provision for Loan Losses | 24.20M | 26.20M | 67.38M | 20.05M | 17.93M | -9.69M |
| Revenue | 1.16B | 696.45M | 664.13M | 292.60M | 626.88M | 537.12M |
| Salaries and Employee Benefits | 346.03M | 296.53M | 246.28M | 229.85M | 212.67M | 218.22M |
| Occupancy Expenses | 24.65M | 19.55M | 21.04M | 20.78M | 22.18M | 22.69M |
| Federal Deposit Insurance | 15.94M | 14.64M | 13.87M | 21.87M | 6.25M | 4.23M |
| Amortization of Goodwill & Intangibles | 45.68M | 34.18M | 14.57M | 1.80M | 1.20M | 219.00K |
| Selling, General & Administrative | 160.02M | 138.82M | 121.60M | 107.79M | 113.73M | 100.18M |
| Other Non-Interest Expense | 21.77M | 18.37M | 17.69M | 25.51M | 32.62M | 15.60M |
| Total Non-Interest Expense | 679.75M | 561.25M | 471.70M | 413.11M | 388.65M | 361.12M |
| EBT Excluding Unusual Items | 483.69M | 135.19M | 192.43M | -120.50M | 238.23M | 176.00M |
| Pretax Income | 448.01M | 99.51M | 155.77M | -126.00M | 238.23M | 176.00M |
| Income Tax Expense | 66.99M | 11.29M | 36.20M | -63.31M | 51.72M | 30.46M |
| Earnings From Continuing Operations | 381.02M | 88.22M | 119.56M | -62.69M | 186.51M | 145.53M |
| Earnings From Discontinued Operations | 294.87M | 13.25M | 9.13M | |||
| Net Income | 381.02M | 88.22M | 119.56M | 232.18M | 199.76M | 154.66M |
| Net Income to Common | 381.02M | 88.22M | 119.56M | 232.18M | 199.76M | 154.66M |
| Basic Shares Outstanding | 217.95M | 203.17M | 181.13M | 162.29M | 165.51M | 172.19M |
| Diluted Shares Outstanding | 220.01M | 204.34M | 182.18M | 162.40M | 165.65M | 172.25M |
| EPS (Basic) | 1.75 | 0.43 | 0.66 | 1.43 | 1.21 | 0.90 |
| EPS (Diluted) | 1.73 | 0.43 | 0.66 | 1.43 | 1.21 | 0.90 |
| Dividend Per Share | 0.56 | 0.51 | 0.45 | 0.41 | 0.40 | 0.30 |
| Effective Tax Rate | 14.95% | 11.34% | 23.24% | 21.71% | 17.31% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 547.10M | 311.87M | 976.88M | 690.08M | 168.50M | 1.21B |
| Investment Securities | 839.80M | 661.36M | 521.34M | 725.90M | 1.36B | 1.66B |
| Trading Asset Securities | 129.77M | 59.81M | 20.46M | 23.96M | 65.01M | |
| Mortgage-Backed Securities | 3.94B | 3.99B | 4.14B | 4.35B | 5.94B | 6.93B |
| Total Investments | 4.78B | 4.78B | 4.72B | 5.10B | 7.32B | 8.66B |
| Gross Loans | 23.97B | 23.57B | 18.08B | 13.97B | 13.58B | 12.28B |
| Allowance for Loan Losses | -327.20M | -331.84M | -228.95M | -148.99M | -142.21M | -97.79M |
| Other Adjustments to Gross Loans | -408.90M | -489.43M | -300.73M | -25.07M | -13.00M | -26.44M |
| Net Loans | 23.24B | 22.75B | 17.55B | 13.80B | 13.42B | 12.16B |
| Property, Plant & Equipment | 118.10M | 192.32M | 132.95M | 110.77M | 111.31M | 149.68M |
| Goodwill | 1.12B | 914.96M | 557.63M | 557.63M | 631.50M | |
| Other Intangible Assets | 1.27B | 183.78M | 135.20M | 8.57M | 10.37M | 18.21M |
| Loans Held for Sale | 10.50M | 22.76M | 372.00K | 1.12M | 4.54M | 1.21M |
| Accrued Interest Receivable | 15.50M | 9.80M | 10.10M | 13.90M | 14.30M | |
| Other Receivables | 1.60M | 1.60M | 2.00M | 2.40M | 17.70M | |
| Restricted Cash | 5.00M | 30.00M | 3.00M | 1.00M | 21.30M | |
| Other Current Assets | 250.40M | 259.93M | 231.94M | 183.07M | 293.59M | 179.33M |
| Long-Term Deferred Tax Assets | 316.90M | 309.96M | 332.13M | 266.19M | 331.96M | 76.53M |
| Other Long-Term Assets | 1.13B | 619.84M | 511.92M | 394.38M | 367.21M | 363.63M |
| Total Assets | 31.70B | 30.59B | 25.56B | 21.13B | 22.65B | 23.51B |
| Interest Bearing Deposits | 19.51B | 17.72B | 14.20B | 11.57B | 12.49B | 12.38B |
| Institutional Deposits | 1.41B | 1.12B | 867.60M | 239.05M | 224.04M | |
| Non-Interest Bearing Deposits | 6.51B | 6.34B | 5.99B | 5.16B | 6.24B | 7.02B |
| Total Deposits | 26.02B | 25.47B | 21.32B | 17.60B | 18.97B | 19.63B |
| Short-Term Borrowings | 82.50M | 90.04M | 148.17M | 71.58M | 95.85M | 18.69M |
| Current Portion of Long-Term Debt | 46.53M | 2.52M | 95.00K | 691.30M | 17.00K | |
| Current Portion of Leases | 16.88M | |||||
| Other Current Liabilities | 34.93M | |||||
| Long-Term Debt | 21.98M | 22.31M | 20.26M | |||
| Federal Home Loan Bank Debt, Long-Term | 821.50M | 153.09M | 15.07M | 17.64M | 12.79M | 14.00M |
| Long-Term Leases | 81.02M | 81.90M | 55.62M | 52.10M | 89.30M | |
| Pension & Post-Retirement Benefits | 21.30M | 23.70M | 20.30M | 17.30M | 33.40M | |
| Other Long-Term Liabilities | 579.60M | 366.70M | 355.21M | 375.00M | 274.12M | 301.80M |
| Total Liabilities | 27.50B | 26.25B | 21.95B | 18.16B | 20.18B | 20.11B |
| Common Stock | 2.30M | 2.36M | 2.14M | 1.77M | 1.76M | 1.86M |
| Additional Paid-In Capital | 2.43B | 2.62B | 2.24B | 1.67B | 1.65B | 1.84B |
| Retained Earnings | 2.25B | 2.07B | 2.08B | 2.05B | 1.88B | 1.77B |
| Comprehensive Income & Other | -488.30M | -350.16M | -712.17M | -741.11M | -1.06B | -199.41M |
| Total Common Equity | 4.20B | 4.34B | 3.61B | 2.97B | 2.47B | 3.41B |
| Shareholders' Equity | 4.20B | 4.34B | 3.61B | 2.97B | 2.47B | 3.41B |
| Total Liabilities & Equity | 31.70B | 30.59B | 25.56B | 21.13B | 22.65B | 23.51B |
| Total Debt | 904.00M | 387.55M | 247.66M | 166.91M | 874.36M | 142.27M |
| Net Cash (Debt) | -356.90M | 54.08M | 789.02M | 543.62M | -681.89M | 1.13B |
| Net Cash Per Share | -1.62 | 0.26 | 4.33 | 3.35 | -4.12 | 6.58 |
| Filing Date Shares Outstanding | 215.90M | 222.36M | 200.21M | 163.16M | 162.40M | 170.17M |
| Total Common Shares Outstanding | 215.90M | 223.37M | 201.13M | 163.16M | 162.40M | 172.03M |
| Book Value Per Share | 19.45 | 19.43 | 17.96 | 18.23 | 15.22 | 19.80 |
| Tangible Book Value | 2.93B | 3.04B | 2.56B | 2.41B | 1.90B | 2.76B |
| Tangible Book Value Per Share | 13.59 | 13.61 | 12.74 | 14.76 | 11.72 | 16.02 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 88.22M | 119.56M | 232.18M | 199.76M | 154.66M | |
| Depreciation & Amortization | 63.53M | 38.31M | 23.64M | 23.42M | 22.88M | |
| Other Amortization | -27.99M | |||||
| Gain (Loss) on Sale of Assets | -1.41M | 4.71M | ||||
| Gain (Loss) on Sale of Investments | 260.79M | 12.05M | 339.45M | 11.24M | -15.69M | |
| Provision for Credit Losses | 26.20M | 67.38M | 20.05M | 17.93M | -9.69M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 18.24M | -168.00K | 25.02M | |||
| Change in Other Net Operating Assets | 14.38M | -6.57M | 28.90M | -46.38M | 47.33M | |
| Other Operating Activities | -64.23M | 26.65M | -306.98M | -11.85M | -16.48M | |
| Net Cash from Discontinued Operations | -123.75M | 16.82M | 5.33M | |||
| Operating Cash Flow | 432.42M | 283.84M | 261.69M | 229.94M | 174.49M | |
| Capital Expenditures | -19.43M | -13.54M | -8.14M | -8.63M | -5.73M | |
| Sale of Property, Plant and Equipment | 15.12M | 17.31M | 21.98M | |||
| Cash Acquisitions | -1.41M | 24.88M | -9.09M | |||
| Investment in Securities | 435.36M | 1.21B | 2.31B | 243.39M | -2.37B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -802.37M | -209.09M | -429.27M | -1.31B | 380.81M | |
| Other Investing Activities | 23.84M | 27.68M | 524.33M | -22.24M | 574.00K | |
| Investing Cash Flow | -364.02M | 1.06B | 2.40B | -1.08B | -1.99B | |
| Long-Term Debt Issued | 706.55M | 2.58M | ||||
| Long-Term Debt Repaid | -369.34M | -742.06M | -692.28M | -36.28M | ||
| Net Debt Issued (Repaid) | -369.34M | -742.06M | -692.28M | 706.55M | -33.70M | |
| Issuance of Common Stock | 5.11M | |||||
| Repurchase of Common Stock | -106.59M | -27.68M | -201.62M | -23.22M | ||
| Common Dividends Paid | -105.72M | -82.54M | -66.67M | -65.89M | -51.56M | |
| Net Increase (Decrease) in Deposit Accounts | -181.75M | -176.21M | -1.38B | -653.95M | 1.10B | |
| Other Financing Activities | -122.00K | -941.00K | -961.00K | -668.00K | -263.00K | |
| Financing Cash Flow | -758.41M | -1.03B | -2.14B | -215.57M | 988.98M | |
| Net Cash Flow | -690.01M | 313.80M | 523.57M | -1.06B | -822.28M | |
| Free Cash Flow | 412.99M | 270.30M | 253.55M | 221.31M | 168.76M | |
| Free Cash Flow Margin | 59.30% | 40.70% | 86.65% | 35.30% | 31.42% | |
| Free Cash Flow Per Share | 2.02 | 1.48 | 1.56 | 1.34 | 0.98 | |
| Cash Interest Paid | 333.26M | 316.13M | 231.76M | 35.24M | 5.35M | |
| Cash Income Tax Paid | -2.51M | 18.79M | 65.92M | 41.75M | 43.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.05B | 4.16B | 3.48B | 2.31B | 2.77B | 3.47B |
| Last Close Price | 22.39 | 18.05 | 16.39 | 13.10 | 15.41 | 17.65 |
| PE Ratio | 13.31 | 47.11 | 29.09 | 9.95 | 13.88 | 22.43 |
| PS Ratio | 4.21 | 5.97 | 5.24 | 7.89 | 4.42 | 6.46 |
| PB Ratio | 1.15 | 0.96 | 0.96 | 0.78 | 1.12 | 1.02 |
| P/FCF Ratio | 12.72 | 10.06 | 12.87 | 9.11 | 12.53 | 20.55 |
| P/OCF Ratio | 12.07 | 9.61 | 12.25 | 8.82 | 12.05 | 19.88 |
| Debt / Equity Ratio | 0.21 | 0.09 | 0.07 | 0.06 | 0.35 | 0.04 |
| Debt / FCF Ratio | 0.94 | 0.92 | 0.66 | 3.95 | 0.84 | |
| Net Debt / Equity Ratio | 0.09 | -0.01 | -0.22 | -0.18 | 0.28 | -0.33 |
| Net Debt / FCF Ratio | -0.13 | -2.92 | -2.14 | 3.08 | -6.71 | |
| Return on Equity (ROE) | 9.52% | 2.22% | 3.63% | -2.30% | 6.35% | 4.26% |
| Return on Assets (ROA) | 1.33% | 0.31% | 0.51% | -0.29% | 0.81% | 0.74% |
| Earnings Yield | 7.51% | 2.12% | 3.44% | 10.05% | 7.21% | 4.46% |
| FCF Yield | 7.86% | 9.94% | 7.77% | 10.98% | 7.98% | 4.87% |
| Dividend Yield | 2.60% | 2.74% | 2.60% | 2.90% | 2.34% | 1.49% |
| Payout Ratio | 33.46% | 119.84% | 69.04% | 28.72% | 32.98% | 33.34% |
| Buyback Yield / Dilution | -9.98% | -12.16% | -12.18% | 1.96% | 3.83% | -0.26% |
| Total Shareholder Return | -7.30% | -9.42% | -9.57% | 4.86% | 6.18% | 1.23% |