Eastern Bankshares, Inc. Financials

EBC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Eastern Bankshares, Inc. (EBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Eastern Bankshares, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.37x

For every $1 of reported earnings, Eastern Bankshares, Inc. generates $2.37 in operating cash flow ($283.8M OCF vs $119.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$112.6M

YoY+46.5%

5Y CAGR-6.3%

Eastern Bankshares, Inc. generated $112.6M in revenue in fiscal year 2024. This represents an increase of 46.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$119.6M

YoY-48.5%

5Y CAGR-2.4%

Eastern Bankshares, Inc. reported $119.6M in net income in fiscal year 2024. This represents a decrease of 48.5% from the prior year.

EPS (Diluted)

$0.66

YoY-53.8%

Eastern Bankshares, Inc. earned $0.66 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 53.8% from the prior year.

Cash & Debt

$1.0B

YoY+45.3%

5Y CAGR+22.7%

Eastern Bankshares, Inc. held $1.0B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.45

YoY+9.8%

Eastern Bankshares, Inc. paid $0.45 per share in dividends in fiscal year 2024. This represents an increase of 9.8% from the prior year.

Shares Outstanding

214M

YoY+21.2%

Eastern Bankshares, Inc. had 214M shares outstanding in fiscal year 2024. This represents an increase of 21.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

106.2%

YoY-195.9pp

5Y CAGR+19.7pp

Eastern Bankshares, Inc.'s net profit margin was 106.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 195.9 percentage points from the prior year.

Return on Equity

3.3%

YoY-4.5pp

5Y CAGR-5.1pp

Eastern Bankshares, Inc.'s ROE was 3.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$27.7M

Eastern Bankshares, Inc. spent $27.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

EBC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$112.6M+46.5%	$76.9M-0.6%	$77.3M+11.3%	$69.4M+15.4%	$60.2M-61.5%	$156.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$339.2M+37.8%	$246.1M+562.7%	$37.1M+596.3%	$5.3M-55.8%	$12.1M-64.2%	$33.8M
Income Tax	$36.2M+157.2%	-$63.3M-222.4%	$51.7M+69.8%	$30.5M+291.7%	$7.8M-80.3%	$39.5M
Net Income	$119.6M-48.5%	$232.2M+16.2%	$199.8M+29.2%	$154.7M+580.2%	$22.7M-83.2%	$135.1M
EPS (Diluted)	$0.66-53.8%	$1.43+18.2%	$1.21+34.4%	$0.90+592.3%	$0.13	$0.00

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$33.0M+1.4%	$32.5M+4.5%	$31.1M-6.2%	$33.2M+14.9%	$28.9M+41.4%	$20.4M+3.1%	$19.8M+1.3%	$19.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$82.8M+7.1%	$77.3M+0.7%	$76.8M-16.1%	$91.6M+16.3%	$78.7M+8.3%	$72.7M+3.4%	$70.3M+8.3%	$65.0M
Income Tax	-$12.2M-14096.6%	$87K-99.7%	$33.7M+195.7%	$11.4M-2.3%	$11.7M+13.4%	$10.3M+345.5%	$2.3M+114.3%	-$16.2M
Net Income	$106.1M+5.9%	$100.2M+146.0%	-$217.7M-458.2%	$60.8M+130.8%	$26.3M-31.9%	$38.6M-87.9%	$318.5M+438.8%	$59.1M
EPS (Diluted)	$0.53+6.0%	$0.50+146.3%	$-1.08-472.4%	$0.29+81.2%	$0.16-33.3%	$0.24-87.8%	$1.97+447.2%	$0.36

EBC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$25.6B+20.9%	$21.1B-6.7%	$22.6B-3.7%	$23.5B+47.3%	$16.0B+37.3%	$11.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0B+45.3%	$693.1M+308.9%	$169.5M-86.2%	$1.2B-40.0%	$2.1B+466.5%	$362.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$915.0M+64.1%	$557.6M0.0%	$557.6M0.0%	$557.6M+50.9%	$369.5M+0.1%	$369.0M
Total Liabilities	$21.9B+20.9%	$18.2B-10.0%	$20.2B+0.3%	$20.1B+60.4%	$12.5B+25.0%	$10.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.6B+21.4%	$3.0B+20.4%	$2.5B-27.4%	$3.4B-0.6%	$3.4B+114.2%	$1.6B
Retained Earnings	$2.1B+1.8%	$2.0B+8.8%	$1.9B+6.4%	$1.8B+6.2%	$1.7B+1.3%	$1.6B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$25.5B0.0%	$25.5B+1.9%	$25.0B-2.2%	$25.6B+21.4%	$21.0B-0.6%	$21.2B+0.2%	$21.1B-0.1%	$21.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$410.4M-25.9%	$553.5M+50.1%	$368.8M-63.4%	$1.0B+34.1%	$750.8M+1.6%	$739.0M+6.6%	$693.1M+13.8%	$608.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	$915.0M	N/A	N/A	$557.6M0.0%	$557.6M
Total Liabilities	$21.7B-0.6%	$21.8B+1.7%	$21.4B-2.5%	$21.9B+21.4%	$18.1B-0.8%	$18.2B+0.3%	$18.2B-2.9%	$18.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.8B+3.3%	$3.7B+2.8%	$3.6B-0.8%	$3.6B+21.7%	$3.0B+0.5%	$3.0B-0.7%	$3.0B+21.6%	$2.4B
Retained Earnings	$2.0B+4.2%	$1.9B+4.0%	$1.8B-11.6%	$2.1B+0.4%	$2.1B+0.4%	$2.1B+1.0%	$2.0B+17.2%	$1.7B

EBC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$283.8M+8.5%	$261.7M+13.8%	$229.9M+31.8%	$174.5M+149.8%	$69.9M-64.4%	$196.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$1.1B-55.9%	$2.4B+322.9%	-$1.1B+45.8%	-$2.0B+16.9%	-$2.4B-1545.3%	-$145.3M
Financing Cash Flow	-$1.0B+51.9%	-$2.1B-891.9%	-$215.6M-121.8%	$989.0M-75.3%	$4.0B+7623.2%	$51.9M
Dividends Paid	$82.5M+23.8%	$66.7M+1.2%	$65.9M+27.8%	$51.6M	$0	$0
Share Buybacks	$27.7M	$0-100.0%	$201.6M+768.1%	$23.2M	$0	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$157.1M+26.9%	$123.9M+161.8%	$47.3M-46.7%	$88.7M+63.4%	$54.3M+66.7%	$32.6M-38.3%	$52.8M+46.6%	$36.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$162.6M+49.9%	-$324.4M-298.8%	-$81.3M-172.5%	-$29.9M-127.5%	$108.5M+347.7%	-$43.8M-108.0%	$544.6M+401.6%	$108.6M
Financing Cash Flow	-$137.7M-135.7%	$385.2M+163.8%	-$604.1M-1131.9%	$58.5M+138.8%	-$150.9M-364.0%	$57.2M+111.1%	-$513.1M-25.4%	-$409.3M
Dividends Paid	$25.9M-1.5%	$26.3M+9.0%	$24.1M-0.7%	$24.3M+33.4%	$18.2M+1.6%	$17.9M-0.6%	$18.0M+11.1%	$16.2M
Share Buybacks	$0-100.0%	$5.5M-88.2%	$46.5M+208.6%	$15.1M	$0	$0	$0	$0

EBC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	106.2%-195.9pp	302.1%+43.6pp	258.4%+35.6pp	222.8%+185.0pp	37.8%-48.7pp	86.5%
Return on Equity	3.3%-4.5pp	7.8%-0.3pp	8.1%+3.5pp	4.5%+3.9pp	0.7%-7.8pp	8.4%
Return on Assets	0.5%-0.6pp	1.1%+0.2pp	0.9%+0.2pp	0.7%+0.5pp	0.1%-1.0pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.08-0.0	6.10-2.1	8.16+2.3	5.90+2.2	3.66-2.6	6.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	321.9%+13.8pp	308.2%+1007.4pp	-699.2%-882.3pp	183.1%+91.9pp	91.2%-98.0pp	189.2%-1417.8pp	1607.1%+1305.1pp	302.0%
Return on Equity	2.8%+0.1pp	2.7%	N/A	1.7%+0.8pp	0.9%-0.4pp	1.3%-9.4pp	10.7%+8.3pp	2.4%
Return on Assets	0.4%+0.0pp	0.4%+1.3pp	-0.9%-1.1pp	0.2%+0.1pp	0.1%-0.1pp	0.2%-1.3pp	1.5%+1.2pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.69-0.2	5.91-0.1	5.97-0.1	6.08-0.0	6.09-0.1	6.17+0.1	6.10-1.5	7.64
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Eastern Bankshares, Inc.'s annual revenue?

Eastern Bankshares, Inc. (EBC) reported $112.6M in total revenue for fiscal year 2024. This represents a 46.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Eastern Bankshares, Inc.'s revenue growing?

Eastern Bankshares, Inc. (EBC) revenue grew by 46.5% year-over-year, from $76.9M to $112.6M in fiscal year 2024.

Is Eastern Bankshares, Inc. profitable?

Yes, Eastern Bankshares, Inc. (EBC) reported a net income of $119.6M in fiscal year 2024, with a net profit margin of 106.2%.

What is Eastern Bankshares, Inc.'s earnings per share (EPS)?

Eastern Bankshares, Inc. (EBC) reported diluted earnings per share of $0.66 for fiscal year 2024. This represents a -53.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Eastern Bankshares, Inc.'s net profit margin?

Eastern Bankshares, Inc. (EBC) had a net profit margin of 106.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Eastern Bankshares, Inc. pay dividends?

Yes, Eastern Bankshares, Inc. (EBC) paid $0.45 per share in dividends during fiscal year 2024.

What is Eastern Bankshares, Inc.'s return on equity (ROE)?

Eastern Bankshares, Inc. (EBC) has a return on equity of 3.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Eastern Bankshares, Inc.'s operating cash flow?

Eastern Bankshares, Inc. (EBC) generated $283.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Eastern Bankshares, Inc.'s total assets?

Eastern Bankshares, Inc. (EBC) had $25.6B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Eastern Bankshares, Inc. buy back shares?

Yes, Eastern Bankshares, Inc. (EBC) spent $27.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Eastern Bankshares, Inc. have outstanding?

Eastern Bankshares, Inc. (EBC) had 214M shares outstanding as of fiscal year 2024.

What is Eastern Bankshares, Inc.'s debt-to-equity ratio?

Eastern Bankshares, Inc. (EBC) had a debt-to-equity ratio of 6.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Eastern Bankshares, Inc.'s return on assets (ROA)?

Eastern Bankshares, Inc. (EBC) had a return on assets of 0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Eastern Bankshares, Inc.'s Piotroski F-Score?

Eastern Bankshares, Inc. (EBC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Eastern Bankshares, Inc.'s earnings high quality?

Eastern Bankshares, Inc. (EBC) has an earnings quality ratio of 2.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.