Eastern Bankshares, Inc. (EBC)

NASDAQ: EBC · IEX Real-Time Price · USD
14.41
+0.16 (1.12%)
May 17, 2024, 4:00 PM EDT - Market closed
1.12%
Market Cap 2.54B
Revenue (ttm) 641.94M
Net Income (ttm) 464.92M
Shares Out 176.63M
EPS (ttm) 2.86
PE Ratio 5.04
Forward PE 11.29
Dividend $0.44 (3.05%)
Ex-Dividend Date Jun 3, 2024
Volume 724,696
Open 14.29
Previous Close 14.25
Day's Range 14.21 - 14.56
52-Week Range 10.65 - 15.07
Beta 0.87
Analysts Buy
Price Target 15.00 (+4.09%)
Earnings Date Apr 25, 2024

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]

Sector Financials
IPO Date Oct 15, 2020
Employees 1,744
Stock Exchange NASDAQ
Ticker Symbol EBC
Full Company Profile

Financial Performance

In 2023, EBC'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 Statements

Analyst Forecast

According to 2 analysts, the average rating for EBC stock is "Buy." The 12-month stock price forecast is $15.0, which is an increase of 4.09% from the latest price.

Price Target
$15.0
(4.09% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

4 days ago - Business Wire

Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results.

23 days ago - Business Wire

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.

6 weeks ago - Business Wire

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...

2 months ago - Business Wire

Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results.

4 months ago - Business Wire

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.

4 months ago - Business Wire

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 ...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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 ...

6 months ago - Business Wire

Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M.

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney an...

7 months ago - Business Wire

Eastern Bankshares, Inc. Reports Third Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2023 Financial Results.

7 months ago - Business Wire

Eastern Bankshares, Inc. Recognized With The 2023 NACD Diversity, Equity & Inclusion Awards' Public Company – Small Cap Category

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc., the stock holding company for Eastern Bank, announced today it has been recognized with the 2023 NACD Diversity, Equity & Inclusion Awards' Public Co...

7 months ago - Business Wire

Eastern Bankshares, Inc. Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2023 Earnings Release Date, Conference Call and Webcast.

8 months ago - Business Wire

CAMBRIDGE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cambridge Bancor...

Other symbols: CATC
8 months ago - Business Wire

EBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Eastern Bankshares, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Eastern Bankshares, Inc. (NASDAQ: EBC) and Cambridge Bancorp is fair to Eastern shareho...

8 months ago - Business Wire

Eastern Bank Provides Financing For LeClair Village Apartments, An Affordable Housing Development On Cape Cod

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce its financing for the development of the LeClair Village Apartments, in Mashpee, MA. Scheduled to open in 2025, LeClair Village will featur...

9 months ago - Business Wire

Eastern Bank Welcomes New Members To Its Board Of Advisors And Board Of Ambassadors

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce the election of six local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are:...

10 months ago - Business Wire

Eastern Bankshares, Inc. Reports Second Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2023 Financial Results.

10 months ago - Business Wire

Eastern Bank Provides Financing For Raycon Construction, LLC's Conversion To An Employee-Owned Company

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has provided the financing to facilitate Raycon Construction, LLC's sale of 100% of its stock to a newly formed Employee Stock Ownership...

11 months ago - Business Wire

Eastern Bankshares, Inc. Announces Second Quarter 2023 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Second Quarter 2023 Earnings Release Date, Conference Call and Webcast.

11 months ago - Business Wire

Eastern Bank Provides Financing For SPS New England, Inc.'s Conversion To An Employee-Owned Company

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce its financing for SPS New England, Inc.'s (SPS New England) conversion to an employee-owned company. Founded in 1984, SPS New England is a ...

1 year ago - Business Wire

Eastern Bank Provides Financing for ‘Grace by Nia,' a New Modern-Day Supper Club in Boston's Seaport District

BOSTON--(BUSINESS WIRE)--Three of Boston's award-winning business leaders in the hospitality and entertainment sector, Nia Grace—owner of Darryl's Corner Bar & Kitchen and The Underground Café & Loung...

1 year ago - Business Wire

Eastern Bankshares, Inc. Reports First Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2023 Financial Results.

1 year ago - Business Wire

Eastern Bankshares, Inc. Announces First Quarter 2023 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the fo...

1 year ago - Business Wire

Eastern Bank Launches Equity Alliance for Business, Further Advancing Growth Opportunities for Underrepresented Business Owners

BOSTON--(BUSINESS WIRE)--As part of its deep and long-standing commitment to drive greater economic inclusion and mobility, Eastern Bank is announcing today the launch of Equity Alliance for Business ...

1 year ago - Business Wire