Eastern Bankshares, Inc. (EBC)
| Market Cap | 3.48B |
| Revenue (ttm) | 609.26M |
| Net Income (ttm) | 377.29M |
| Shares Out | 201.86M |
| EPS (ttm) | 2.19 |
| PE Ratio | 32.88 |
| Forward PE | 13.78 |
| Dividend | $0.48 (2.78%) |
| Ex-Dividend Date | Dec 3, 2024 |
| Volume | 2,368,654 |
| Open | 16.67 |
| Previous Close | 16.79 |
| Day's Range | 16.55 - 17.45 |
| 52-Week Range | 12.22 - 19.40 |
| Beta | 0.92 |
| Analysts | Buy |
| Price Target | 19.75 (+14.43%) |
| Earnings Date | Jan 23, 2025 |
About EBC
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, commercial real estate and construction, small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured per... [Read more]
Financial Performance
In 2023, Eastern Bankshares's revenue was $292.60 million, a decrease of -53.32% compared to the previous year's $626.88 million. Earnings were $232.18 million, an increase of 16.23%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for EBC stock is "Buy." The 12-month stock price forecast is $19.75, which is an increase of 14.43% from the latest price.
News
Eastern Bank Named #1 SBA Lender in Massachusetts for the 16th Year in a Row
BOSTON--(BUSINESS WIRE)--Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 16th cons...
Wolters Kluwer names Eastern Bank the winner of 2024 Community Impact Award
ORLANDO, Fla.--(BUSINESS WIRE)-- #CRA--Wolters Kluwer Compliance Solutions has named Massachusetts-based Eastern Bank as the winner of its 2024 Community Impact Award. The announcement was made at the...
Eastern Bank Names Kimberly Dee Executive Vice President, Consumer Banking Director
BOSTON--(BUSINESS WIRE)--Eastern Bank, Greater Boston's leading local bank, is pleased to announce that Kimberly Dee, a highly accomplished retail, customer transformation and business banking executi...
Eastern Bankshares, Inc. (EBC) Q3 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Bob Rivers - Executive Chair & Chair of the Board Denis Sheahan - Chief Executi...
Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results.
Eastern Bankshares, Inc. Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast.
Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value
Shares of Boston-based Eastern Bank have done well since my opening piece late last year, modestly outperforming peers with a ~40% total return. Earnings are still under pressure here from rising fund...
Eastern Bank Announces Senior Leadership Appointments
BOSTON--(BUSINESS WIRE)--Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to an...
Eastern Bank Is Recognized By Disability:IN® as a 2024 Best Place to Work for Disability Inclusion
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has been recognized by Disability:IN as a top-scoring business in the Disability Equality Index® and as a 2024 Best Place to Work for Di...
Eastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Denis Sheahan - CEO James Fitzgerald ...
Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results.
Chemical Insights Research Institute Partners with Duke University and the East-West Center to Examine Dust and Ash from Devastating Hawaiian Wildfires
ATLANTA--(BUSINESS WIRE)--Chemical Insights Research Institute (CIRI) of UL Research Institutes applies cutting edge technologies to evaluate the toxicity of burn-impacted land areas affected by the A...
Eastern Bank Provides Financing for Capstan Atlantic's Conversion to an Employee-Owned Company
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has provided the financing to facilitate Capstan Atlantic's conversion to an employee-owned company. Founded in 1956 and located in Wren...
Eastern Bankshares, Inc. (EBC) Q1 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Jim Fitzgerald - Chief Financial & C...
Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results.
Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast.
Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer. Headquartered in Everett, MA, DPV...
Eastern Bankshares, Inc. (EBC) Q4 2023 Earnings Call Transcript
Eastern Bankshares, Inc. (EBC) Q4 2023 Earnings Call Transcript
Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results.
Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast.
Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row
BOSTON--(BUSINESS WIRE)--Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) loans in Massachusetts for the 15th consecutive ...
Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce that for the tenth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Inde...
Eastern Bankshares: Headwinds Starting To Ease
Eastern Bankshares has lagged peers in a very tough year for regional and community bank stocks. Net interest margin compression is easing now while recent inflation trends also appear supportive. Alt...
Eastern Bank Welcomes Avedis Zildjian Co. As A Commercial Banking Customer
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Avedis Zildjian Co. (Zildjian), the oldest family-owned business in the United States and the world's largest maker of cymbals, drumsticks ...