EBC - Eastern Bankshares, Inc. Stock Price, Fair Value and News

14.10USD+0.10 (+0.71%)Market Closed

Market Summary

USD14.10+0.10

Market Closed

0.71%

EBC Alerts

Big jump in Earnings (Y/Y)

EBC Stock Price

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EBC RSI Chart

EBC Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

5.36

Price/Sales (Trailing)

3.07

EV/EBITDA

2.35

Price/Free Cashflow

12.86

EBC Price/Sales (Trailing)

EBC Profitability

EBT Margin

23.50%

Return on Equity

15.74%

Return on Assets

2.2%

Free Cashflow Yield

7.78%

EBC Fundamentals

EBC Revenue

Revenue (TTM)

810.2M

Rev. Growth (Yr)

7.27%

Rev. Growth (Qtr)

-0.51%

EBC Earnings

Earnings (TTM)

464.9M

Earnings Growth (Yr)

119.91%

Earnings Growth (Qtr)

-87.87%

Breaking Down EBC Revenue

Last 7 days

3.7%

Last 30 days

12.3%

Last 90 days

0.9%

Trailing 12 Months

25.1%

How does EBC drawdown profile look like?

EBC Financial Health

EBC Investor Care

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

2.85

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	810.2M	0	0	0
2023	662.6M	723.5M	767.8M	796.5M
2022	465.5M	500.7M	555.1M	605.2M
2021	408.3M	412.1M	415.0M	435.2M
2020	439.7M	428.8M	416.6M	413.3M
2019	422.6M	430.1M	437.6M	445.0M
2018	0	0	0	415.2M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Eastern Bankshares, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 18, 2024	harlam bari a	sold	-64,981	13.08	-4,968	-
Mar 18, 2024	borgen luis	sold	-526,967	13.08	-40,288	-
Mar 18, 2024	jackson deborah c	sold	-74,726	13.08	-5,713	-
Mar 01, 2024	miller quincy lee	acquired	-	-	18,005	president
Mar 01, 2024	miller quincy lee	sold (taxes)	-68,264	12.81	-5,329	president
Mar 01, 2024	fitzgerald james burke	acquired	-	-	18,005	chief financial officer
Mar 01, 2024	westermann donald michael	acquired	-	-	11,463	chief information officer
Mar 01, 2024	rivers robert francis	sold (taxes)	-120,158	12.81	-9,380	chair and ceo
Mar 01, 2024	antonakes steven louis	acquired	-	-	10,972	executive vp
Mar 01, 2024	westermann donald michael	sold (taxes)	-45,565	12.81	-3,557	chief information officer

Which funds bought or sold EBC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Cetera Advisors LLC	new	-	182,406	182,406	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	new	-	853,000	853,000	-%
May 15, 2024	Brevan Howard Capital Management LP	new	-	429,950	429,950	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-70.84	-398,128	157,092	-%
May 15, 2024	T. Rowe Price Investment Management, Inc.	reduced	-11.06	-25,716,000	162,158,000	0.10%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-68.42	-11,381,100	5,028,340	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-96.58	-619,583	21,263	-%
May 15, 2024	STATE STREET CORP	reduced	-4.83	-5,901,880	71,335,300	-%
May 15, 2024	ArrowMark Colorado Holdings LLC	sold off	-100	-171,465	-	-%
May 15, 2024	PDT Partners, LLC	sold off	-100	-668,138	-	-%

Are Funds Buying or Selling EBC?

Are funds buying EBC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own EBC

No. of Funds

EBC Alerts

Big jump in Earnings (Y/Y)

Unveiling Eastern Bankshares, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	7.5%	13,230,563	SC 13G
Feb 13, 2024	vanguard group inc	9.29%	16,382,980	SC 13G/A
Feb 09, 2024	principal financial group inc	8.45%	14,916,134	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Jan 26, 2024	blackrock inc.	7.1%	12,590,988	SC 13G/A
Feb 09, 2023	vanguard group inc	8.83%	15,603,193	SC 13G/A
Feb 06, 2023	principal financial group inc	8.45%	14,921,646	SC 13G/A
Feb 06, 2023	blackrock inc.	6.4%	11,277,394	SC 13G/A
Feb 09, 2022	vanguard group inc	8.36%	15,616,064	SC 13G/A
Feb 03, 2022	blackrock inc.	6.4%	11,901,449	SC 13G/A

Recent SEC filings of Eastern Bankshares, Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	144	Notice of Insider Sale Intent
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading

Peers (Alternatives to Eastern Bankshares, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	580.6B	174.7B	10.55%	50.52%	11.53	3.32	53.11%	19.83%
BAC	304.4B	137.9B	8.26%	42.25%	12.16	2.21	56.12%	-12.56%
WFC	217.3B	85.8B	9.39%	62.33%	11.58	2.53	35.02%	26.14%
C	122.5B	125.0B	9.68%	41.85%	15.33	0.98	37.85%	-
CFG	16.8B	10.4B	11.70%	47.15%	11.72	1.61	26.22%	-33.87%
KEY	14.7B	8.1B	7.90%	66.17%	16.8	1.8	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	8.52%	62.72%	10.53	1.72	34.68%	-45.96%
ZION	6.7B	4.1B	11.66%	93.23%	10.59	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	11.39%	71.61%	12.26	2.64	30.60%	-12.99%
ASB	3.4B	2.0B	11.00%	55.39%	21.08	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	410.6M	173.1M	11.64%	37.59%	14.07	2.37	26.54%	-34.86%
ALRS	390.2M	152.4M	-1.20%	38.83%	39.25	2.56	16.94%	-73.84%
ACNB	288.6M	98.7M	3.06%	15.69%	9.81	2.92	6.27%	-22.90%
ASRV	46.8M	62.5M	18.70%	-3.87%	-15.83	0.75	18.83%	-145.18%

Eastern Bankshares, Inc. News

Latest updates

Eastern Bankshares, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.5%	203	204	202	202	189	175	158	141	131	125	103	106	101	105	101	102	106	108	113	113	111
EBITDA Margin	67.5%	0.92*	0.55*	0.61*	0.70*	0.76*	1.35*	1.37*	1.38*	1.38*	1.42*	1.28*	1.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.6%	130	133	137	142	138	150	152	138	128	122	103	105	100	104	99.00	99.00	100	101	104	104	103
Income Taxes	345.5%	10.00	2.00	-16.18	16.00	-65.38	8.00	17.00	15.00	12.00	-6.52	11.00	11.00	14.00	-2.76	7.00	7.00	1.00	10.00	9.00	11.00	10.00
Earnings Before Taxes	44.7%	49.00	34.00	47.00	60.00	-267	49.00	69.00	63.00	57.00	19.00	48.00	46.00	62.00	-46.82	36.00	37.00	10.00	41.00	45.00	46.00	43.00
EBT Margin	248.6%	0.24*	-0.16*	-0.14*	-0.12*	-0.13*	0.39*	0.38*	0.37*	0.37*	0.40*	0.26*	0.24*	-	-	-	-	-	-	-	-	-
Net Income	-87.9%	39.00	319	59.00	49.00	-194	42.00	55.00	51.00	52.00	35.00	37.00	35.00	48.00	-44.06	29.00	30.00	8.00	31.00	36.00	35.00	33.00
Net Income Margin	96.8%	0.57*	0.29*	-0.06*	-0.07*	-0.07*	0.33*	0.35*	0.35*	0.34*	0.36*	0.18*	0.16*	-	-	-	-	-	-	-	-	-
Free Cashflow	-38.3%	33.00	53.00	36.00	72.00	101	3.00	61.00	97.00	68.00	47.00	67.00	-5.27	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Assets	0.2%	21,175	21,133	21,146	21,583	22,721	22,647	22,043	22,351	22,836	23,512	7,100	17,461	17,047	16,727	15,964	15,461	13,997	12,344	11,629	11,507	11,514
Cash Equivalents	6.6%	739	693	609	874	2,138	170	158	369	830	1,232	-	1,252	1,564	1,860	2,054	2,328	1,433	766	363	354	292
Net PPE	-0.6%	60.00	60.00	59.00	60.00	61.00	62.00	63.00	69.00	73.00	81.00	-	44.00	45.00	47.00	49.00	51.00	52.00	-	57.00	-	-
Liabilities	0.3%	18,222	18,158	18,700	19,057	20,141	20,175	19,627	19,632	19,828	20,106	-	14,032	13,617	13,340	12,536	13,747	12,303	10,681	10,029	9,908	9,962
Shareholder's Equity	-0.7%	2,953	2,975	2,447	2,527	2,579	2,472	2,416	2,718	3,008	3,406	-	3,429	3,431	3,387	3,428	1,713	1,694	1,663	1,600	1,598	1,552
Retained Earnings	1.0%	2,068	2,048	1,747	1,704	1,672	1,882	1,856	1,817	1,783	1,769	-	1,747	1,724	1,703	1,666	1,710	1,681	-	1,644	-	-
Additional Paid-In Capital	0.2%	1,669	1,666	1,661	1,657	1,652	1,649	1,676	1,700	1,778	1,835	-	1,857	1,856	1,855	1,854	-	-	-	-	-	-
Shares Outstanding	0.1%	177	176	176	176	176	176	178	179	183	186	187	187	187	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,883	-	-	-	2,867	-	-	-	-	3,341	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	-38.3%	33.00	53.00	36.00	72.00	101	3.00	61.00	97.00	68.00	47.00	67.00	-5.27	65.00	56.00	12.00	34.00	-31.55	52.00	60.00	-	-
Share Based Compensation	-22.5%	4.00	5.00	4.00	5.00	3.00	2.00	4.00	3.00	2.00	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-108.0%	-43.79	545	109	-172	1,920	-504	-174	-240	-157	402	-767	-545	-1,074	-773	-599	-900	-116	-153	88.00	-	-
Cashflow From Financing	111.1%	57.00	-513	-409	-1,164	-51.77	512	-96.29	-318	-312	-469	387	255	816	444	1,483	1,533	552	111	-85.53	-	-
Dividend Payments	-100.0%	-	18.00	16.00	16.00	16.00	16.00	16.00	17.00	17.00	14.00	14.00	14.00	10.00	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	-	31.00	29.00	81.00	61.00	23.00	-	-	-	-	-	-	-	-	-	-	-

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EBC Income Statement

2024-03-31

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Interest and fees on loans	$ 169,981	$ 153,540
Taxable interest and dividends on securities	23,373	28,642
Non-taxable interest and dividends on securities	1,437	1,434
Interest on federal funds sold and other short-term investments	7,820	5,264
Total interest and dividend income	202,611	188,880
Interest expense:
Interest on deposits	72,458	42,933
Interest on borrowings	253	7,638
Total interest expense	72,711	50,571
Net interest income	129,900	138,309
Provision for allowance for loan losses	7,451	25
Net interest income after provision for allowance for loan losses	122,449	138,284
Noninterest income (loss):
Service charges on deposit accounts	7,508	6,472
Trust and investment advisory fees	6,544	5,770
Debit card processing fees	3,247	3,170
Interest rate swap income (losses)	667	(408)
Income from investments held in rabbi trusts	4,318	2,857
Losses on sales of mortgage loans held for sale, net	(58)	(74)
Losses on sales of securities available for sale, net	0	(333,170)
Other	5,466	5,530
Total noninterest income (loss)	27,692	(309,853)
Noninterest expense:
Salaries and employee benefits	64,471	62,183
Office occupancy and equipment	9,184	9,089
Data processing	16,509	12,298
Professional services	3,512	3,127
Marketing expenses	1,515	1,023
Loan expenses	1,170	1,095
FDIC insurance	2,285	2,546
Amortization of core deposit intangible asset	504	291
Other	2,052	4,239
Total noninterest expense	101,202	95,891
Income (loss) from continuing operations before income tax expense (benefit)	48,939	(267,460)
Income tax expense (benefit)	10,292	(65,379)
Net income (loss) from continuing operations	38,647	(202,081)
Net income from discontinued operations	0	7,985
Net income (loss)	$ 38,647	$ (194,096)
Basic earnings (loss) per share:
Basic earnings (loss) per share from continuing operations (in dollars per share)	$ 0.24	$ (1.25)
Basic (loss) earnings per share from discontinued operations (in dollars per share)	0	0.05
Basic earnings (loss) per share (in dollars per share)	0.24	(1.20)
Diluted earnings (loss) per share:
Diluted earnings (loss) per share from continuing operations (in dollars per share)	0.24	(1.25)
Diluted (loss) earnings per share from discontinued operations (in dollars per share)	0	0.05
Diluted earnings per share (in dollars per share)	$ 0.24	$ (1.20)

EBC Balance Sheet

2024-03-31

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 71,492	$ 87,233
Short-term investments	667,526	605,843
Cash and cash equivalents	739,018	693,076
Available for sale (amortized cost $5,079,053 and $5,161,904, respectively)	4,287,585	4,407,521
Held to maturity (fair value $393,190 and $404,822, respectively)	443,833	449,721
Total securities	4,731,418	4,857,242
Loans held for sale	2,204	1,124
Loans	14,088,747	13,973,428
Allowance for loan losses	(149,190)	(148,993)
Unamortized premiums, net of unearned discounts and deferred fees	(32,947)	(25,068)
Net loans	13,906,610	13,799,367
Federal Home Loan Bank stock, at cost	5,879	5,904
Premises and equipment	59,790	60,133
Bank-owned life insurance	165,734	164,702
Goodwill and other intangibles, net	565,701	566,205
Deferred income taxes, net	272,344	266,185
Prepaid expenses	187,211	183,073
Other assets	538,895	536,267
Total assets	21,174,804	21,133,278
Deposits:
Demand	4,952,487	5,162,218
Interest checking accounts	3,739,631	3,737,361
Savings accounts	1,291,260	1,323,126
Money market investment	4,770,058	4,664,475
Certificates of deposit	2,913,297	2,709,037
Total deposits	17,666,733	17,596,217
Borrowed funds:
Escrow deposits of borrowers	24,368	21,978
Interest rate swap collateral funds	10,810	8,500
Federal Home Loan Bank advances	17,576	17,738
Total borrowed funds	52,754	48,216
Other liabilities	502,486	513,990
Total liabilities	18,221,973	18,158,423
Commitments and contingencies (see Note 9)
Shareholders’ equity
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 176,631,477 and 176,426,993 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	1,769	1,767
Additional paid in capital	1,669,133	1,666,441
Unallocated common shares held by the Employee Stock Ownership Plan	(131,512)	(132,755)
Retained earnings	2,068,315	2,047,754
Accumulated other comprehensive income, net of tax	(654,874)	(608,352)
Total shareholders’ equity	2,952,831	2,974,855
Total liabilities and shareholders’ equity	$ 21,174,804	$ 21,133,278

About Eastern Bankshares, Inc.

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 deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, commercial real estate and construction, small business, residential real estate, and home equity loans; lines of credit; and 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 trust, financial planning and portfolio management, automated lock box collection, cash management, and account reconciliation services; personal, business, and employee benefits insurance products. It operates branch offices in eastern Massachusetts and southern New Hampshire; and non-branch offices in eastern Massachusetts, and Providence, Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

CEO	Mr. Robert F. Rivers
WEBSITE	easternbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	2100

Eastern Bankshares, Inc. Frequently Asked Questions

What is the ticker symbol for Eastern Bankshares, Inc.? What does EBC stand for in stocks?

EBC is the stock ticker symbol of Eastern Bankshares, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Eastern Bankshares, Inc. (EBC)?

As of Wed May 15 2024, market cap of Eastern Bankshares, Inc. is 2.49 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EBC stock?

You can check EBC's fair value in chart for subscribers.

What is the fair value of EBC stock?

You can check EBC's fair value in chart for subscribers. The fair value of Eastern Bankshares, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Eastern Bankshares, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EBC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Eastern Bankshares, Inc. a good stock to buy?

The fair value guage provides a quick view whether EBC is over valued or under valued. Whether Eastern Bankshares, Inc. is cheap or expensive depends on the assumptions which impact Eastern Bankshares, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EBC.

What is Eastern Bankshares, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, EBC's PE ratio (Price to Earnings) is 5.36 and Price to Sales (PS) ratio is 3.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EBC PE ratio will change depending on the future growth rate expectations of investors.