EBC Stock - Eastern Bankshares, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.07B | $558.71M | $681.93M | $523.48M | $582.52M |
| Gross Profit | $664.13M | $292.60M | $626.88M | $527.84M | $531.64M |
| Gross Margin | 62.0% | 52.4% | 91.9% | 100.8% | 91.3% |
| Operating Income | $155.77M | $-125,998,000 | $238.23M | $176.00M | $35.90M |
| Net Income | $119.56M | $232.18M | $199.76M | $154.66M | $22.74M |
| Net Margin | 11.2% | 41.6% | 29.3% | 29.5% | 3.9% |
| EPS | $0.66 | $1.43 | $1.21 | $0.90 | $0.13 |
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. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 5th 2026 | Hovde Group | Initiation | Outperform | $22.5 |
| December 17th 2025 | Barclays | Initiation | Equal Weight | $22 |
| September 25th 2025 | TD Cowen | Initiation | Buy | $23 |
| August 6th 2024 | JP Morgan | Resumed | Neutral | $18.5← $14 |
| September 12th 2023 | Seaport Research Partners | Initiation | Buy | $16 |
| January 31st 2023 | JP Morgan | Downgrade | Underweight | $15← $19.5 |
| January 30th 2023 | Janney | Downgrade | Neutral | $17 |
Earnings History & Surprises
EBCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.41 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.40 | $0.37 | -6.9% | ✗ MISS |
Q3 2025 | Jul 24, 2025 | $0.38 | $0.41 | +7.9% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.33 | $0.34 | +3.0% | ✓ BEAT |
Q1 2025 | Jan 23, 2025 | $0.29 | $0.34 | +17.2% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.33 | $0.25 | -24.8% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.22 | $0.22 | 0.0% | = MET |
Q2 2024 | Apr 25, 2024 | $0.20 | $0.23 | +15.0% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.21 | $0.10 | -52.4% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $0.28 | $0.32 | +14.3% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.30 | $0.28 | -6.7% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.32 | $0.38 | +18.8% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $0.34 | $0.31 | -8.8% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $0.37 | $0.33 | -10.8% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.29 | $0.32 | +10.3% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.27 | $0.32 | +18.5% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.24 | $0.26 | +8.3% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.21 | $0.22 | +4.8% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.21 | $0.22 | +4.8% | ✓ BEAT |
Latest News
TD Cowen Maintains Buy on Eastern Bankshares, Raises Price Target to $23
📈 PositiveHovde Group Initiates Coverage On Eastern Bankshares with Outperform Rating, Announces Price Target of $22.5
📈 PositiveBarclays Initiates Coverage On Eastern Bankshares with Equal-Weight Rating, Announces Price Target of $22
➖ NeutralEastern Bankshares And HarborOne Bancorp Merger To Become Effective On November 1, 2025
➖ NeutralEastern Bankshares Q3 Adj. EPS $0.37 Misses $0.42 Estimate, Sales $241.500M Beat $205.932M Estimate
➖ Neutral'Activist HoldCo owns Eastern Bankshares stake, pushes for sale, sources say' -- Reuters Exclusive
📈 PositiveEastern Bankshares gains on report activist takes stake, pushes for sale
📈 PositiveEastern Bankshares And HarborOne Bancorp Announces That HarborOne Shareholders Have Until 5:00 P.M. ET On October 28, 2025, To Select Their Preferred Merger Consideration
➖ NeutralEastern Bankshares And HarborOne Receive Regulatory Approvals For Merger; Expected To Close On November 1, 2025
📈 PositiveTD Cowen Initiates Coverage On Eastern Bankshares with Buy Rating, Announces Price Target of $23
📈 PositiveFrequently Asked Questions about EBC
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