Eastern Bankshares, Inc. (EBC)
NASDAQ: EBC · IEX Real-Time Price · USD
16.88
+0.56 (3.43%)
At close: Jul 26, 2024, 4:00 PM
17.08
+0.20 (1.18%)
After-hours: Jul 26, 2024, 4:23 PM EDT
Eastern Bankshares Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Year Ending | TTM | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | 2018 - 2015 |
|---|---|---|---|---|---|---|---|
| Interest Income on Loans | 680.19 | 652.1 | 476.04 | 367.59 | 372.15 | 402.09 | Upgrade
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| Interest Income on Investments | 135.61 | 144.36 | 129.14 | 67.57 | 41.18 | 42.93 | Upgrade
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| Total Interest Income | 815.8 | 796.46 | 605.18 | 435.16 | 413.33 | 445.02 | Upgrade
|
| Interest Paid on Deposits | 277.93 | 226.08 | 28.62 | 5.17 | 11.32 | 27.3 | Upgrade
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| Interest Paid on Borrowings | 8.81 | 19.98 | 8.51 | 0.17 | 0.76 | 6.45 | Upgrade
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| Total Interest Expense | 286.74 | 246.05 | 37.13 | 5.33 | 12.08 | 33.75 | Upgrade
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| Net Interest Income | 529.06 | 550.41 | 568.05 | 429.83 | 401.25 | 411.26 | Upgrade
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| Net Interest Income Growth (YoY) | -9.11% | -3.11% | 32.16% | 7.12% | -2.43% | 5.44% | Upgrade
|
| Trust Income | 25.62 | 24.26 | 23.59 | 24.59 | 21.1 | 19.65 | Upgrade
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| Income From Trading Activities | - | - | - | - | -0 | 1.3 | Upgrade
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| Gain (Loss) on Sale of Assets | - | - | - | 1.4 | - | - | Upgrade
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| Gain (Loss) on Sale of Investments | -7.56 | -333.17 | -3.16 | 1.34 | -10.49 | 2.02 | Upgrade
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| Other Non-Interest Income | 53.85 | 45.77 | 25.67 | 42.41 | 128.36 | 131.5 | Upgrade
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| Total Non-Interest Income | 98.94 | -237.75 | 76.75 | 97.61 | 167.59 | 182.3 | Upgrade
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| Non-Interest Income Growth (YoY) | - | - | -21.37% | -41.76% | -8.07% | 0.94% | Upgrade
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| Revenues Before Loan Losses | 628 | 312.66 | 644.8 | 527.43 | 568.85 | 593.56 | Upgrade
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| Provision for Loan Losses | 26.1 | 20.05 | 17.93 | -9.69 | 38.8 | 6.3 | Upgrade
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| Revenue | 601.89 | 292.6 | 626.88 | 537.12 | 530.05 | 587.26 | Upgrade
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| Revenue Growth (YoY) | 45.07% | -53.32% | 16.71% | 1.33% | -9.74% | 5.71% | Upgrade
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| Salaries and Employee Benefits | 235.18 | 229.86 | 212.67 | 218.22 | 259.48 | 252.24 | Upgrade
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| Federal Deposit Insurance | 23.09 | 21.87 | 6.25 | 4.23 | 3.73 | 1.88 | Upgrade
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| Amortization of Goodwill & Intangibles | 2.02 | 1.8 | 1.2 | 0.22 | 2.86 | 3.54 | Upgrade
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| Selling, General & Administrative | 124.52 | 113.23 | 113.73 | 100.18 | 89.32 | 88.42 | Upgrade
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| Other Non-Interest Expense | 21.63 | 25.56 | 20.58 | 15.6 | 26.08 | 34.15 | Upgrade
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| Total Non-Interest Expense | 428.35 | 413.11 | 376.6 | 361.13 | 494.14 | 412.68 | Upgrade
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| EBT Excluding Unusual Items | 173.54 | -120.5 | 250.28 | 176 | 35.9 | 174.58 | Upgrade
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| Other Unusual Items | - | - | -12.05 | - | - | - | Upgrade
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| Pretax Income | 168.05 | -126 | 238.23 | 176 | 35.9 | 174.58 | Upgrade
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| Income Tax Expense | 8.1 | -63.31 | 51.72 | 30.46 | 13.16 | 39.48 | Upgrade
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| Earnings From Continuing Operations | 159.95 | -62.69 | 186.51 | 145.53 | 22.74 | 135.1 | Upgrade
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| Earnings From Discontinued Operations | 282.64 | 294.87 | 13.25 | 9.13 | - | - | Upgrade
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| Net Income to Common | 442.59 | 232.18 | 199.76 | 154.67 | 22.74 | 135.1 | Upgrade
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| Basic Shares Outstanding | 163 | 162 | 166 | 172 | 172 | - | Upgrade
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| Diluted Shares Outstanding | 163 | 162 | 166 | 172 | 172 | - | Upgrade
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| Shares Change (YoY) | 0.34% | -1.96% | -3.83% | 0.26% | - | - | Upgrade
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| EPS (Basic) | 2.72 | 1.43 | 1.21 | 0.90 | 0.13 | - | Upgrade
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| EPS (Diluted) | 2.72 | 1.43 | 1.21 | 0.90 | 0.13 | - | Upgrade
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| EPS Growth | - | 18.12% | 34.37% | 590.93% | - | - | Upgrade
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| Effective Tax Rate | 4.82% | - | 21.71% | 17.31% | 36.66% | 22.61% | Upgrade
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| Dividend Per Share | 0.210 | 0.410 | 0.400 | 0.300 | - | - | Upgrade
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| Dividend Growth | -47.50% | 2.50% | 33.33% | - | - | - | Upgrade
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Source: S&P Capital IQ. Banks template.