Eastern Bankshares Inc

EBC · NASDAQ · Financial Services / Banks - Regional

22.88USD+0.12 (+0.53%)

Price History

Full chart

Market Stats

Previous Close22.76

Open22.83

Day Range22.51 – 22.98

52-Week Range16.15 – 23.61

Volume1.24M

Market Cap4.87B

P/E (TTM)11.84

Forward P/E9.66

EPS1.80

Dividend Yield2.65%

Beta0.67

50-Day Avg22.52

200-Day Avg20.75

About

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers in the United States. The company offers deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also provides commercial and industrial products, such as asset based lending portfolio; commercial real estate and construction; small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company offers wealth management and trust services, financial planning, and portfolio management; and automated lock box collection, cash management, and account reconciliation services. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Denis K. Sheahan
Employees2.25K
Headquarters125 High Street, Boston, MA, United States, 02110, USA
Websitehttps://www.easternbank.com

Leadership

Mr. Robert Francis RiversExecutive Chairman of the Board · b. 1965
Mr. Denis K. SheahanCEO & Director · b. 1966
Mr. Quincy Lee MillerPresident, Member of Advisory Board & COO · b. 1975
Mr. R. David Rosato C.F.A.CFO & Treasurer · b. 1962
Mr. Donald Michael WestermannExecutive VP & Chief Information Officer · b. 1978
Mr. Andrew S. HersomSenior VP & Head of Investor Relations
Ms. Kathleen Cloherty Henry Esq.Executive VP, General Counsel & Corporate Secretary · b. 1973
Mr. Andrew J. RavensCorporate Communications Manager
Ms. Danielle F. Remis HackelExecutive VP & Chief Marketing Officer · b. 1970
Ms. Jennifer WamboldExecutive VP & Chief People Officer

Financials

Income Statement

Currency: USD	2009-12-31	2010-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	-	-	591.91M	622.72M	582.52M	523.48M	681.93M	796.46M	1.07B	1.06B
Growth (%)	-	-	-	+5.21%	-6.46%	-10.13%	+30.27%	+16.79%	+34.43%	-1.24%
Cost of Revenue	-	-	40.22M	40.05M	50.88M	-4.35M	55.05M	-239.29M	406.55M	361.85M
Gross Profit	-	-	551.69M	582.67M	531.64M	527.84M	626.88M	796.46M	664.13M	695.60M
Gross Margin	-	-	93.20%	93.57%	91.27%	100.83%	91.93%	100.00%	62.03%	65.78%
Operating Expense	-	-	394.08M	408.09M	495.74M	351.84M	388.65M	859.15M	508.37M	596.09M
Operating Income	-	-	157.61M	174.58M	35.90M	176.00M	238.23M	-62.69M	155.77M	99.51M
Operating Margin	-	-	26.63%	28.03%	6.16%	33.62%	34.93%	-7.87%	14.55%	9.41%
EBITDA	-	-	177.68M	194.06M	63.81M	198.88M	261.65M	-62.69M	194.14M	163.03M
EBITDA Margin	-	-	30.02%	31.16%	10.95%	37.99%	38.37%	-7.87%	18.13%	15.42%
Net Income	-	-	122.73M	135.10M	22.74M	154.66M	199.76M	294.87M	119.56M	88.22M
Net Income Margin	-	-	20.73%	21.69%	3.90%	29.55%	29.29%	37.02%	11.17%	8.34%
Interest Expense	0	0	25.12M	33.75M	12.08M	5.33M	37.13M	246.05M	339.17M	335.65M
Interest Expense % of Total Revenue	-	-	4.24%	5.42%	2.07%	1.02%	5.44%	30.89%	31.68%	31.74%

Balance Sheet

Currency: USD	2009-12-31	2010-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	-	11.38B	11.63B	15.96B	23.51B	22.65B	21.13B	25.56B	30.59B
Total Liabilities	-	-	9.95B	10.03B	12.54B	20.11B	20.18B	18.16B	21.95B	26.25B
Total Equity	-	-	1.43B	1.60B	3.43B	3.41B	2.47B	2.97B	3.61B	4.34B
Cash	-	-	259.71M	362.60M	2.05B	1.23B	169.50M	693.08M	1.01B	316.87M
Total Debt	-	-	320.94M	235.40M	28.05M	34.28M	1.44B	39.72M	45.31M	199.62M
Net Debt	-	-	61.23M	-127.21M	-2.03B	-1.20B	571.32M	-653.36M	-961.57M	-117.25M

Cash Flow

Currency: USD	2009-12-31	2010-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	97.40M	110.77M	205.01M	196.22M	69.85M	174.49M	229.94M	261.69M	284.22M	432.42M
Investing Cash Flow	476.07M	-352.10M	-647.10M	-145.27M	-2.39B	-1.99B	-1.08B	2.40B	1.06B	-364.02M
Financing Cash Flow	-	-64.98M	390.65M	51.95M	4.01B	988.98M	-215.57M	-2.14B	-1.03B	-758.41M
Capital Expenditure	0	5.24M	9.03M	7.19M	5.14M	5.73M	8.63M	8.14M	13.54M	19.43M
Free Cash Flow	-	-	195.97M	189.04M	64.71M	168.76M	221.31M	253.55M	270.30M	412.99M
Dividends Paid	-	-	51.56M	51.56M	2.45B	51.56M	65.89M	66.67M	82.54M	105.72M
FCF to OCF	-	-	95.59%	96.34%	92.64%	96.72%	96.25%	96.89%	95.10%	95.51%
Dividend Paid to FCF	-	-	26.31%	27.28%	3794.00%	30.55%	29.77%	26.29%	30.54%	25.60%

Earnings

Report Date	May 4, 2020	Sep 24, 2020	Nov 16, 2020	Jan 28, 2021	Apr 29, 2021	Jul 29, 2021	Oct 28, 2021	Jan 27, 2022	Apr 28, 2022	Jul 28, 2022	Oct 27, 2022	Jan 26, 2023	Apr 27, 2023	Jul 27, 2023	Oct 26, 2023	Jan 25, 2024	Apr 25, 2024	Jul 25, 2024	Oct 24, 2024	Jan 23, 2025	Apr 24, 2025	Jul 24, 2025	Oct 23, 2025	Jan 22, 2026	Apr 23, 2026	Jul 23, 2026	Oct 22, 2026
EPS Estimate	0.00	0.00	0.14	0.16	0.20	0.21	0.20	0.24	0.27	0.29	0.37	0.36	0.32	0.30	0.28	0.20	0.20	0.22	0.33	0.30	0.33	0.38	0.40	0.41	0.44	0.46	0.49
EPS Actual	0.67	0.04	0.17	0.18	0.27	0.22	0.22	0.26	0.32	0.32	0.34	0.31	0.38	0.28	0.32	0.10	0.23	0.22	0.25	0.34	0.34	0.41	0.37	0.44	0.40	0.49	-
Surprise	-	-	21.43%	12.50%	35.00%	4.76%	10.00%	8.33%	18.52%	10.34%	-8.11%	-13.89%	18.75%	-6.67%	14.29%	-50.00%	15.00%	0.00%	-24.24%	13.33%	3.03%	7.89%	-7.50%	7.32%	-9.09%	6.52%	-
Timing	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap4.87B

Enterprise Value4.91B

Trailing P/E11.84

Forward P/E9.66

Price / Sales4.43

Price / Book1.13

EPS1.80

Book Value19.62

Revenue (TTM)1.10B

Gross Profit (TTM)1.10B

Profit Margin34.25%

Operating Margin50.12%

Return on Equity9.44%

Return on Assets1.33%

Shares Outstanding228.51M

Shares Float200.36M

Beta0.67

Dividend Yield2.65%

Dividend Rate0.56

Payout Ratio32.94%

Analyst Ratings

Buy

Based on 4 analystsTarget 25.13

Strong Buy
1
Buy
2
Hold
1

Ownership Breakdown

Institutions: 92.25%
Insiders: 1.26%
Retail / Other: 6.49%

Top Institutional Holders

BlackRock Inc
16.72M7.32%
FMR Inc
14.82M6.48%
T. Rowe Price Investment Management,Inc.
13.46M5.89%
Vanguard Portfolio Management, LLC
10.79M4.72%
Vanguard Capital Management, LLC
9.52M4.16%
Dimensional Fund Advisors, Inc.
9.46M4.14%
State Street Corp
8.52M3.73%
HoldCo Asset Management, L.P.
7.38M3.23%
Jennison Associates LLC
6.51M2.85%
Wellington Management Company LLP
5.68M2.49%
Geode Capital Management, LLC
5.55M2.43%
Delaware Management Holdings Inc
3.00M1.31%

Top Fund Holders

iShares Core S&P Small-Cap ETF
12.94M5.66%
Strategic Advisers Fidelity US TtlStk
7.00M3.06%
Vanguard MStar Total Stk Mkt Idx Invest
6.61M2.89%
iShares Russell 2000 ETF
5.41M2.37%
Vanguard Small Cap Index
4.79M2.10%
Vanguard MStar Small Cap Value Index
3.04M1.33%
T. Rowe Price Small-Cap Value
2.79M1.22%
DFA US Small Cap Value I
2.73M1.19%

Dividends

20263×

0.15Sep 8, 20260.15Jun 5, 20260.13Mar 6, 2026

20254×

0.13Dec 3, 20250.13Sep 3, 20250.13Jun 3, 20250.12Mar 3, 2025

20244×

0.12Dec 3, 20240.11Sep 3, 20240.11Jun 3, 20240.11Feb 29, 2024

20234×

0.11Nov 30, 20230.10Aug 31, 20230.10Jun 1, 20230.10Mar 2, 2023

20224×

0.10Dec 1, 20220.10Sep 1, 20220.10Jun 2, 20220.10Mar 2, 2022

20214×

0.08Dec 2, 20210.08Sep 2, 20210.08Jun 2, 20210.06Mar 2, 2021