Eastern Bankshares Inc (OQ:EBC)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 125 High Street Ste 901, Oliver Street Tower BOSTON MA 02110 |
| Tel: | 1-781-5987920 |
| Website: | https://www.easternbank.com |
| IR: | See website |
| Key People | ||
| Robert F. Rivers Chairman of the Board, Chief Executive Officer | Matthew A. Osborne Executive Vice President, Senior Commercial Banking Officer of Eastern Bank | Quincy Lee Miller President, Vice Chair and President of Eastern Bank |
| James B. Fitzgerald Chief Administrative Officer, Chief Financial Officer and Treasurer, Vice Chair, Chief Administrative Officer, and Chief Financial Officer of Eastern Bank | Nancy Huntington Stager President and Chief Executive Officer of the Eastern Bank Foundation | Kathleen Cloherty Henry Executive Vice President, General Counsel, Corporate Secretary, Executive Vice President, General Counsel, Corporate Secretary and Chief Human Resources Officer of Eastern Bank |
| Steven Louis Antonakes Executive Vice President - Enterprise Risk Management of Eastern Bank | Gregory Paul Buscone Executive Vice President, Senior Commercial Banking Officer of Eastern Bank | Martha A. Dean Executive Vice President, Senior Operations Director of Eastern Bank | Barbara Jane Heinemann Executive Vice President - Consumer Banking of Eastern Bank |
| Business Overview |
| Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). Through the Bank, it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its banking business consists of a full range of banking, lending (commercial, residential and consumer), savings and small business offerings, including its wealth management and trust operations that it conducts through its Eastern Wealth Management division. It offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers, as well as cash management services to its municipal clients. Its securities portfolio consists of government-sponsored residential mortgage-backed securities. |
| Financial Overview |
| For the three months ended 31 March 2024, Eastern Bankshares Inc interest income increased 7% to $202.6M. Net interest income after loan loss provision decreased 11% to $122.4M. Net income totaled $38.6M vs. loss of $194.1M. Net interest income after loan loss provision reflects Banking Business segment decrease from $138.3M to $0K. Net Income reflects Realized G/L-Invest Sec AFS/HTM-Business decrease from $333.2M (expense) to $0K. |
| Employees: | 1,562 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,370M as of Mar 31, 2024 |
| Annual revenue (TTM): | $810.19M as of Mar 31, 2024 |
| EBITDA (TTM): | $211.09M as of Mar 31, 2024 |
| Net annual income (TTM): | $170.05M as of Mar 31, 2024 |
| Free cash flow (TTM): | $115.96M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 176,631,477 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.