Financial Snapshot

Revenue
$79.42M
TTM
Gross Margin
Net Earnings
$119.6M
TTM
Current Assets
Current Liabilities
$81.90M
Q4 2024
Current Ratio
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$3.612B
Q4 2024
Cash
Q4 2024
P/E
24.86
Nov 29, 2024 EST
Free Cash Flow
$270.3M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $112.6M $76.87M $176.6M $435.2M $413.3M $445.0M $415.2M
YoY Change 46.51% -56.47% -59.42% 5.28% -7.12% 7.19%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $112.6M $76.87M $176.6M $435.2M $413.3M $445.0M $415.2M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operating Profits/Loss YoY Change

No data

Operating Earnings to Gross Profit Ratio

No data

Operating Profit Margin

No data

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.03M $12.30M $14.96M $14.48M $15.83M $19.48M $20.07M
YoY Change 119.85% -17.8% 3.3% -8.52% -18.76% -2.92%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Operating Profit To Gross Profit
Operating Profit To Revenue

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018
Interest Expense $246.1M $37.13M $5.332M $12.08M $33.75M $25.12M
YoY Change 562.73% 596.31% -55.85% -64.22% 34.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018
Pretax Income $155.8M -$126.0M $256.7M $188.7M $35.90M $174.6M $157.6M
YoY Change -223.63% -149.09% 36.02% 425.65% -79.44% 10.77%
Income Tax $36.21M -$63.31M $56.93M $34.05M $13.16M $39.48M $34.88M
% Of Pretax Income 23.24% 22.18% 18.04% 36.66% 22.61% 22.13%
Net Earnings $119.6M $232.2M $199.8M $154.7M $22.74M $135.1M $122.7M
YoY Change -48.5% 16.23% 29.16% 580.2% -83.17% 10.08%
Net Earnings / Revenue 106.16% 302.05% 113.12% 35.54% 5.5% 30.36% 29.56%
Basic Earnings Per Share $0.66 $1.43 $1.21 $0.90 $0.13 $0.00 $0.00
Diluted Earnings Per Share $0.66 $1.43 $1.206M $0.90 $0.13 $0.00 $0.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

No data

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

No data

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $135.0M $60.13M $62.66M $165.0M $131.0M $57.00M $66.00M
YoY Change 124.56% -4.03% -62.03% 25.95% 129.82% -13.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $332.1M $266.2M $331.6M $77.00M $13.00M $28.00M $38.00M
YoY Change 24.77% -19.74% 330.71% 492.31% -53.57% -26.32%
Total Long-Term Assets
YoY Change
Total Assets $25.56B $21.13B $22.65B $23.51B $15.96B $11.63B $11.38B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $81.90M $55.62M $61.21M $89.00M $85.00M
YoY Change 47.26% -9.14% -31.23% 4.71%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $81.90M $55.62M $61.21M $89.00M $85.00M
YoY Change 47.26% -9.14% -31.23% 4.71%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $527.1M $522.5M $474.3M $354.0M $267.0M $242.0M $225.0M
YoY Change 0.88% 10.16% 33.99% 32.58% 10.33% 7.56%
Total Long-Term Liabilities $527.1M $522.5M $474.3M $354.0M $267.0M $242.0M $225.0M
YoY Change 0.88% 10.16% 33.99% 32.58% 10.33% 7.56%
Total Liabilities $21.95B $18.16B $20.18B $20.11B $12.54B $10.03B $9.945B
YoY Change 20.86% -10.0% 0.34% 60.39% 25.0% 0.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 181.1M shares 162.3M shares 165.5M shares 172.2M shares 171.8M shares 0.000 shares 0.000 shares
Diluted Shares Outstanding 182.2M shares 162.4M shares 165.6M shares 172.3M shares 171.8M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $2.9719 Billion

About Eastern Bankshares Inc

Eastern Bankshares, Inc. operates as a holding company, which engages in the provision of financial and banking services. The company is headquartered in Boston, Massachusetts and currently employs 1,813 full-time employees. The company went IPO on 2020-10-15. The Bank is a Boston-based local bank and the bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Through the Bank, it provides a variety of banking and trust and investment services. Its banking business offers a range of commercial, retail, wealth management and banking services, and consists primarily of attracting deposits from the general public, including municipalities, and investing those deposits, together with borrowings and funds generated from operations, to originate loans in a variety of sectors and to invest in securities. The firm provides a full range of banking and wealth management solutions for consumers and businesses of all sizes, including through its Cambridge Trust Wealth Management and Private Banking divisions.

Industry: Savings Institution, Federally Chartered Peers: Community Financial System Inc CVB Financial Corp FNB Corp Hancock Whitney Corp Independent Bank Corp (Massachusetts) Investors Bancorp, Inc. PNC Financial Services Group Inc UMB Financial Corp UMPQUA HOLDINGS CORP United Community Banks Inc