Eastern Bankshares, Inc. (EBC)

17.39 -0.02 (-0.11%)

As of 2025-10-30 18:24:36 EST

Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts.

Traded asNasdaq: EBC
ISINUS27627N1054
CIK0001810546
LEI549300J245MBQU3DO403
EIN
SectorBanking
IndustrySavings Institution, Federally Chartered
CEORobert F. Rivers
Employees
Fiscal Year End1231
Address125 HIGH STREET, STE 901, BOSTON, MA, 02110
Phone617-897-1100
Websitehttps://www.easternbank.com/
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
EBCEastern Bankshares, Inc.2025-10-30 18:24:3617.39-0.02-0.11
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
EBC0001810546Eastern Bankshares, Inc.US27627N1054549300J245MBQU3DO403Nasdaq6035Savings Institution, Federally Chartered1231MA125 HIGH STREET, STE 901BOSTONMA02110UNITED STATESUS617-897-1100125 HIGH STREET, STE 901, BOSTON, MA, 02110125 HIGH STREET, STE 901, BOSTON, MA, 02110BankingRobert F. Rivershttps://www.easternbank.com/2,154,740,951211,463,296211,477,512Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts.2025-10-30 13:36:02
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EBC Stock Price (End-of-Day)
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EBC Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20242,154,740,951272,222,31114.4605212,992,31836,565,32520.7255
20231,882,518,640-983,997,307-34.3273176,426,993254,9200.1447
20222,866,515,947-474,672,115-14.2067176,172,073-8,265,230-4.4813
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
James B. FitzgeraldChief Financial Officer, Treasurer, Chief Administrative Officer2022587,50003,002,449385,900125,4104,103,665
Donald M. WestermannChief Information Officer2022461,25002,001,646227,30034,5042,724,700
Robert F. RiversChair, Director, Chief Executive Officer2022995,00004,503,726976,100255,3686,743,680
Quincy L. MillerPresident2022587,50003,002,449385,900114,1664,110,126
Kathleen C. HenryCorporate Secretary, General Counsel2022461,25002,001,646227,30035,9752,810,983
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Employee Count
Fiscal YearEmployee Count
20241,998
20231,744
20222,146
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Income Statements
Fiscal Year202420232022
Revenue112,619,00076,866,000176,583,000
Cost Of Revenue
Gross Profit
Research And Development Expenses
General And Administrative Expenses
Operating Expenses
Operating Income
Net Income119,561,000232,177,000199,759,000
Earnings Per Share Basic0.661.431.21
Earnings Per Share Diluted0.661.431.21
Weighted Average Shares Outstanding Basic181,126,320162,293,020165,510,357
Weighted Average Shares Outstanding Diluted182,181,073162,403,097165,648,571
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Balance Sheet Statements
Fiscal Year202420232022
Cash And Cash Equivalents92,590,00087,233,000106,040,000
Marketable Securities Current914,290,000605,843,00063,465,000
Accounts Receivable
Inventories
Non Trade Receivables
Other Assets Current
Total Assets Current
Marketable Securities Non Current
Property Plant And Equipment64,553,00060,133,00062,656,000
Other Assets Non Current
Total Assets Non Current
Total Assets25,557,880,00021,133,278,00022,646,858,000
Accounts Payable
Deferred Revenue
Short Term Debt
Other Liabilities Current
Total Liabilities Current
Long Term Debt
Other Liabilities Non Current
Total Liabilities Non Current
Total Liabilities21,945,913,00018,158,423,00020,175,068,000
Common Stock2,141,0001,767,0001,762,000
Retained Earnings2,084,503,0002,047,754,0001,881,775,000
Accumulated Other Comprehensive Income-584,329,000-608,352,000-923,192,000
Total Shareholders Equity3,611,967,0002,974,855,0002,471,790,000
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Cash Flow Statements
Fiscal Year202420232022
Depreciation And Amortization27,030,00012,295,00014,957,000
Share Based Compensation Expense19,269,00016,047,00010,507,000
Other Non Cash Income Expense
Change In Accounts Receivable
Change In Inventories
Change In Non Trade Receivables4,326,0003,912,0003,699,000
Change In Other Assets61,851,00014,394,000-823,000
Change In Accounts Payable
Change In Other Liabilities55,294,00039,035,000-49,934,000
Cash From Operating Activities283,836,000261,692,000229,942,000
Purchases Of Marketable Securities199,527,0000740,770,000
Sales Of Marketable Securities1,071,021,0001,899,724,000431,193,000
Acquisition Of Property Plant And Equipment13,539,0008,140,0008,627,000
Acquisition Of Business013,400,000
Other Investing Activities
Cash From Investing Activities1,059,397,0002,400,265,000-1,076,655,000
Tax Withholding For Share Based Compensation
Payments Of Dividends82,812,00067,020,00066,539,000
Issuance Of Common Stock0
Repurchase Of Common Stock27,683,0000201,618,000
Issuance Of Long Term Debt
Repayment Of Long Term Debt
Other Financing Activities
Cash From Financing Activities-1,029,429,000-2,138,386,000-215,574,000
Change In Cash313,804,000523,571,000-1,062,287,000
Cash At End Of Period92,590,00087,233,000106,040,000
Income Taxes Paid18,786,00065,921,00041,751,000
Interest Paid316,128,000231,765,00035,241,000
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Key Metrics
Fiscal Year202420232022
Earnings Per Share0.661.431.21
Price To Earnings Ratio26.13649.930114.2562
Earnings Growth Rate-53.846218.181834.4444
Price Earnings To Growth Ratio-0.48540.54620.4139
Book Value Per Share19.941718.330114.9344
Price To Book Ratio0.8650.77471.1551
Ebitda772,974,000556,443,000293,594,000
Enterprise Value
Dividend Yield0.02650.02910.0233
Dividend Payout Ratio0.69260.28870.3331
Debt To Equity Ratio
Capital Expenditures31,450,0009,772,00011,757,000
Free Cash Flow252,386,000251,920,000218,185,000
Return On Equity0.03310.0780.0808
One Year Beta1.22541.56710.6034
Three Year Beta0.88790.82170.6385
Five Year Beta0.85620.79750.6385
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Rosato R DavidChief Financial Officer2025-10-2910,000A40,000
Rivers Robert FrancisDirector, Executive Chair2025-10-2850,000A403,274
Rosato R DavidChief Financial Officer2025-10-2810,000A30,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
JENNISON ASSOCIATES LLC2025-09-3078,389,1634,318,96218.15
TEACHER RETIREMENT SYSTEM OF TEXAS2025-09-30452,93424,95518.15
NORTHSTAR ASSET MANAGEMENT INC2025-09-307,560,727416,56918.15
Parkside Financial Bank & Trust2025-09-303,26718018.15
STRS OHIO2025-09-3092,5655,10018.15
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
SEI INSTITUTIONAL INVESTMENTS TRUST2025-08-31SIIT Extended Market Index Fund - Class ASMXAX28,834493,349.740.0407
VALIC Co I2025-08-31Small Cap Value FundVVSCX75,8391,297,605.290.5449
TRUST FOR PROFESSIONAL MANAGERS2025-08-31Convergence Long/Short Equity ETFCLSE-28,464-487,019.04-0.2439
PROSHARES TRUST2025-08-31ProShares Ultra Russell2000UWM19,913340,711.430.0932
PROSHARES TRUST2025-08-31ProShares Russell 2000 High Income ETFITWO4,17671,451.360.115
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