NASDAQ · Financial Statements

Eastern Bankshares, Inc. (EBC) Financial Statements

$22.40 NASDAQ: EBC Market Cap $5.12B

Eastern Bankshares, Inc. most recently reported annual revenue of $1.1B, net profit of $88.0M. Revenue grew at an average annual rate of 12.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Eastern Bankshares, Inc.: Revenue rose from $592.0M in 2018 to $1.1B in 2025, a change of +78.5% over 7 years; net profit was positive in all 8 reported years; operating margin moved from 26.6% to 9.4%, a shift of -17.2 percentage points; the most recent year shows net profit of $88.0M.

Income Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Revenue$592.0M$623.0M$583.0M$523.0M$682.0M$559.0M$1.1B$1.1B
Operating Expenses$434.0M$448.0M$547.0M$347.0M$444.0M$685.0M$915.0M$958.0M
Operating Profit$158.0M$175.0M$36.0M$176.0M$238.0M$-126.0M$156.0M$100.0M
Operating Margin26.6%28.0%6.2%33.6%34.9%-22.6%14.6%9.4%
Other Income$0$0$0$0$0$0$0$0
Interest$25.0M$34.0M$12.0M$5.0M$37.0M$246.0M$339.0M$336.0M
Depreciation$20.0M$19.0M$28.0M$23.0M$23.0M$24.0M$38.0M$64.0M
Profit Before Tax$158.0M$175.0M$36.0M$176.0M$238.0M$-126.0M$156.0M$100.0M
Tax$22.1M$22.6M$36.7M$17.3M$21.7M$50.3M$23.2M$11.3M
Net Profit$123.0M$135.0M$23.0M$155.0M$200.0M$232.0M$120.0M$88.0M
EPS$0.58$0.64$0.13$0.90$1.21$1.43$0.66$0.40
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$221.0M$229.0M$230.0M$232.0M$300.0M$308.0M$30.0M$322.0M$323.0M$383.0M$376.0M$350.0M
Operating Expenses$174.0M$195.0M$181.0M$194.0M$303.0M$236.0M$214.0M$221.0M$229.0M$294.0M$292.0M$273.0M
Operating Profit$47.0M$34.0M$49.0M$38.0M$-3.0M$72.0M$-184.0M$100.0M$94.0M$89.0M$84.0M$77.0M
Operating Margin21.4%14.8%21.3%16.4%-1.1%23.4%-621.7%31.2%29.1%23.3%22.3%22.1%
Interest$65.0M$70.0M$73.0M$79.0M$96.0M$92.0M$77.0M$77.0M$83.0M$99.0M$95.0M$98.0M
Profit Before Tax$47.0M$34.0M$49.0M$38.0M$-3.0M$72.0M$-184.0M$100.0M$94.0M$89.0M$84.0M$135.0M
Tax$-34.2M$6.8M$21.0M$30.7M$-84.5M$15.8M$-18.3M$90,000$-13.0M$-11.6M$22.1M$22.0M
Net Profit$59.0M$319.0M$39.0M$26.0M$-6.0M$61.0M$-218.0M$100.0M$106.0M$100.0M$65.0M$105.0M
EPS$0.36$1.96$0.24$0.16$-0.03$0.30$-1.09$0.50$0.53$0.46$0.29$0.48

Over the 8 years reported for Eastern Bankshares, Inc., borrowings decreased from $321.0M in 2018 to $200.0M in 2025, cash stood at $317.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 0.03 times.

Balance Sheet — 8 Years (USD millions)

Metric20182019202020212022202320242025
Total Assets$11.4B$11.6B$16.0B$23.5B$22.6B$21.1B$25.6B$30.6B
Current Assets$1.8B$1.9B$5.4B$9.9B$7.0B$5.3B$5.3B$645.0M
Cash$260.0M$363.0M$2.1B$1.2B$170.0M$693.0M$1.0B$317.0M
Inventory$0$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$0$0
Fixed Assets$66.0M$57.0M$49.0M$66.0M$63.0M$60.0M$65.0M$118.0M
Capital Work in Progress$0$0$0$0$0$0$0$0
Investments$10.2B$10.4B$12.8B$20.7B$20.7B$18.7B$22.0B$27.2B
Other Assets$369.0M$369.0M$369.0M$631.0M$558.0M$558.0M$915.0M$1.1B
Total Liabilities$9.9B$10.0B$12.5B$20.1B$20.2B$18.2B$21.9B$26.2B
Current Liabilities$9.7B$9.8B$12.2B$19.6B$19.7B$17.6B$21.3B$25.5B
Borrowings$321.0M$235.0M$28.0M$34.0M$726.0M$40.0M$45.0M$200.0M
Other Liabilities$9.6B$9.8B$12.5B$20.1B$19.4B$18.1B$21.9B$26.0B
Equity$0$0$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$1.4B$1.6B$3.4B$3.4B$2.5B$3.0B$3.6B$4.3B

For Eastern Bankshares, Inc., operating cash flow was positive in 8 of 8 reported years; free cash flow in the latest year was $413.0M; free cash flow was positive in 8 of 8 years; financing activities used $288.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Operating Cash Flow$205.0M$196.0M$70.0M$174.0M$230.0M$262.0M$284.0M$432.0M
Investing Cash Flow$-656.0M$-152.0M$-2.4B$-2.0B$-1.1B$2.4B$1.0B$-383.0M
Financing Cash Flow$583.0M$151.0M$2.4B$1.1B$-856.0M$-1.4B$-207.0M$-288.0M
Net Cash Flow$-51.0M$103.0M$1.7B$-822.0M$-1.1B$524.0M$314.0M$-690.0M
Free Cash Flow$196.0M$189.0M$65.0M$169.0M$221.0M$254.0M$270.0M$413.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y32.25%
Return 3Y71.33%
Return 5Y32.42%

Eastern Bankshares, Inc. (EBC) financials — frequently asked questions

What is Eastern Bankshares, Inc.'s annual revenue?

Eastern Bankshares, Inc. (EBC) reported annual revenue of $1.1B in its most recent fiscal year.

What is Eastern Bankshares, Inc.'s net profit?

Eastern Bankshares, Inc. (EBC) reported net profit of $88.0M in its most recent fiscal year.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Financial Services StocksLow P/E Financial Services StocksHigh Net Margin Financial Services StocksDividend Financial Services StocksLow Debt Financial Services StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
EBC Overview EBC Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.