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EBC

Eastern Bankshares, Inc.

EBC

Eastern Bankshares, Inc. • NASDAQ
$18.83 ▼ -1.10% (-0.21)
Market Cap $3.76 B
52w High $19.31
52w Low $13.51
Dividend Yield 0.50%
P/E 72.42
Volume 1.24M
Outstanding Shares 199.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $322.744M ▲ $138.909M ▲ $106.144M ▲ 32.888% ▲ $0.53 ▲ $108.014M ▼
Q2-2025 $321.572M ▲ $136.343M ▲ $100.233M ▲ 31.17% ▲ $0.5 ▲ $114.456M ▲
Q1-2025 $29.587M ▼ $130.12M ▼ $-217.666M ▼ -735.681% ▼ $-1.09 ▼ $-170.257M ▼
Q4-2024 $308.11M ▲ $137.544M ▼ $60.771M ▲ 19.724% ▲ $0.3 ▲ $85.361M ▲
Q3-2024 $299.546M $159.753M $-6.188M -2.066% $-0.032 $9.938M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $417.302M ▼ $25.458B ▲ $21.652B ▼ $3.806B ▲
Q2-2025 $580.551M ▲ $25.456B ▲ $21.772B ▲ $3.684B ▲
Q1-2025 $425.802M ▼ $24.986B ▼ $21.403B ▼ $3.583B ▼
Q4-2024 $5.028B ▼ $25.558B ▲ $21.946B ▲ $3.612B ▼
Q3-2024 $5.053B $25.507B $21.836B $3.671B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $106.144M ▲ $157.14M ▲ $-162.559M ▲ $-137.677M ▼ $-143.096M ▼ $148.357M ▲
Q2-2025 $100.233M ▲ $123.877M ▲ $-324.392M ▼ $385.218M ▲ $184.703M ▲ $119.309M ▲
Q1-2025 $-217.666M ▼ $47.321M ▼ $-81.342M ▼ $-604.056M ▼ $-638.077M ▼ $45.52M ▼
Q4-2024 $60.771M ▲ $88.719M ▼ $-29.851M ▼ $58.536M ▲ $117.404M ▼ $83.421M ▼
Q3-2024 $-6.188M $108.267M $1.025B $-994.213M $138.628M $106.538M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Debt Card Processing Fees
Debt Card Processing Fees
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Investment Advisory Fees
Investment Advisory Fees
 $0 ▲$20.00M ▲$20.00M ▲$20.00M ▲
Other Noninterest Income
Other Noninterest Income
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Service Charge On Deposit Accounts
Service Charge On Deposit Accounts
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Trust And Investment Advisory Fees
Trust And Investment Advisory Fees
 $20.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Eastern’s earnings profile shows a bank in growth and transition. Revenue has climbed meaningfully, especially in the most recent year, and core profitability (operating and EBITDA-level) has generally been positive with only one weak year in the recent past. However, the pattern is a bit uneven: one year shows negative operating results, and the latest year shows higher revenue but lower bottom-line profit than the prior year, likely reflecting acquisition-related costs, credit provisions, or integration spending. Overall, the income statement points to a bank that is scaling up, but still working through the cost and risk of that expansion to convert top-line gains into consistently stronger net earnings.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly over the last five years, reflecting both organic growth and acquisitions. Total assets have grown to a much larger base, while equity has also increased, suggesting the bank has added capital alongside growth rather than stretching its balance sheet too thin. Cash levels have moved around but are currently healthier than in some past years. Reported debt outside normal banking deposits looks low, implying limited reliance on non-deposit borrowing. Overall, the balance sheet appears solid and increasingly robust, but the larger size also means more complexity in managing credit risk and integration of acquired portfolios.

Cash Flow

Cash Flow Cash generation has been steady and improving. Operating cash flow has risen gradually over time, and because the bank has relatively modest capital spending needs, free cash flow closely tracks operating cash flow. This points to a business that converts its earnings into cash reasonably well and doesn’t require heavy ongoing investment in physical assets. The pattern supports the idea of a disciplined, service-focused financial institution rather than a capital-intensive one, giving management flexibility to support dividends, buybacks, or further acquisitions when strategically appropriate.

Competitive Edge

Competitive Edge Eastern holds a strong regional franchise in New England, backed by a long operating history and deep community ties. Recent acquisitions have scaled up the business, particularly in wealth management, and broadened its customer base. The bank also differentiates itself with specialized commercial and innovation banking services, targeting technology and life sciences clients that many smaller competitors may not serve as deeply. At the same time, Eastern competes against large national banks and fast-moving fintechs, so its regional strength and specialty focus must keep evolving to defend margins and customer relationships. Integration of acquisitions and maintaining service quality across a larger footprint are key competitive tests.

Innovation and R&D

Innovation and R&D For a regional bank, Eastern stands out as relatively innovation-minded. Its in-house lab has already produced a notable fintech spin-off, and the bank is pushing hard into cloud-based lending platforms and advanced digital tools for business customers. Partnerships with fintech accelerators and providers like nCino, along with tools such as Monit, show a strategy of combining in-house development with selective external partnerships. The opportunity is to streamline lending, deepen client engagement, and add fee-based services; the risk is execution—ensuring systems integrate cleanly, staff and customers adopt new tools, and the innovation efforts translate into better economics rather than just higher expenses.

Summary

Eastern Bankshares looks like a growing regional bank using acquisitions and technology to upgrade its profile. Financially, it shows rising revenue, generally positive profitability, and a stronger, larger balance sheet, though earnings have been somewhat bumpy as the company integrates deals and invests for the future. Cash flow is steady and supportive of flexibility. Competitively, Eastern benefits from long-standing community trust, an expanded wealth management platform, and niche strengths in innovation-focused commercial lending, while facing the usual pressures from larger banks, rate cycles, and new digital competitors. The big question going forward is execution: can management turn its larger scale and technology investments into consistently stronger, more stable returns without taking on undue risk.

NEWS

November 12, 2025 · 1:30 PM UTC

Robin Moses Joins Eastern Bank As Senior Vice President, Team Leader For Commercial & Industrial Banking In Rhode Island

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November 3, 2025 · 5:53 PM UTC

CORRECTING and REPLACING Eastern Bankshares, Inc. Announces Completion of HarborOne Acquisition And Proration of Merger Consideration

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November 3, 2025 · 4:00 PM UTC

Eastern Bankshares, Inc. Announces Completion of HarborOne Acquisition And Proration of Merger Consideration

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October 28, 2025 · 4:15 PM UTC

Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. Announce Merger to be Effective on November 1, 2025

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October 23, 2025 · 10:25 PM UTC

EBC Financial Group Launches World's First Trading Initiative to Protect the Amazon with Every Trade

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