Eastern Bankshares, Inc.(EBC) Stock Research - Grey Stern Research

Eastern Bankshares, Inc. (EBC) Stock Analysis

$16.88 (3.43%)

EBC Financial Performance


Use the table below to view Eastern Bankshares, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $16.32 -
52 Week Low $10.65 -
52 Week High $16.72 -
Market Cap $3.5 Billion 1/20
Gross Margin 100% 1/20
Profit Margin 17% 7/20
EBITDA margin -1% 17/20
Q1 - 2024 Revenue $229.6 Million 2/20
Q1 - 2024 Earnings $38.6 Million 3/20
Q1 - 2024 Free Cash Flow $0 Million 6/20
Trailing 4 Quarters Revenue $783.9 Million 3/20
Trailing 4 Quarters Earnings $369.9 Million 1/20
Quarterly Earnings Growth 120% 1/20
Annual Earnings Growth 650% 1/20
Quarterly Revenue Growth -31% 20/20
Annual Revenue Growth 130% 2/20
Cash On Hand $739.0 Million 1/20
Short Term Debt $0 12/20
Long Term Debt $52.8 Million 15/20

Eastern Bankshares, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Eastern Bankshares, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 9.52 17/20
PS 4.49 2/20
PB 1.19 3/20
PC 4.77 6/20
Liabilities to Equity 6.17 16/20
ROA 0.02 1/20
ROE 0.13 2/20
Current Ratio 1.16 4/20
Quick Ratio 0.04 3/20
Long Term Debt to Equity 0.02 18/20
Debt to Equity 0.02 18/20
Burn Rate -20.23 20/20
Cash to Cap 0.21 4/20
CCR 0.00 6/20
EV to EBITDA -1016.89 18/20
EV to Revenue 3.62 12/20

Company Details

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 interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as 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 cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

CEO: Mr. Robert F. Rivers

Website: https://www.easternbank.com

Address: 265 Franklin Street Boston, MA

Exchange: NASDAQ Global Select

Industry: Banks—Regional

Eastern Bankshares, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Eastern Bankshares, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
National Bank Holdings Corporation NBHC $1.6 Billion
Brookline Bancorp, Inc. BRKL $933.4 Million
Lakeland Bancorp, Inc. LBAI $875.0 Million
Community Bank System, Inc. CBU $3.3 Billion
Heritage Commerce Corp HTBK $653.0 Million
Independent Bank Corp. INDB $2.7 Billion
The First Bancshares, Inc. FBMS $971.0 Million
Investar Holding Corporation ISTR $184.6 Million
Western New England Bancorp, Inc. WNEB $183.0 Million
HarborOne Bancorp, Inc. HONE $606.7 Million
First Community Corporation FCCO $173.7 Million
Cambridge Bancorp CATC $577.5 Million
Community West Bancshares CWBC $381.2 Million
First Capital, Inc. FCAP $103.1 Million
Sound Financial Bancorp, Inc. SFBC $108.2 Million
FVCBankcorp, Inc. FVCB $231.6 Million
Rhinebeck Bancorp, Inc. RBKB $95.7 Million
Northeast Community Bancorp, Inc. NECB $323.2 Million
Finward Bancorp FNWD $123.7 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
EBC Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 229.6 Million $38.6 Million
Q4 2023 $ 203.6 Million $287.0 Million
Q3 2023 $ 156.4 Million -$4.4 Million
Q2 2023 $ 194.3 Million $48.7 Million
Q1 2023 $ 333.2 Million -$194.1 Million
Q4 2022 $ 2.3 Million $42.3 Million
Q3 2022 $ 157.8 Million $54.8 Million
Q2 2022 $ 140.9 Million $137.8 Million

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EBC Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $739.0 Million $21.2 Billion $52.8 Million $3.0 Billion
Q4 2023 $87.2 Million $21.1 Billion $0 $3.0 Billion
Q3 2023 $608.8 Million $21.1 Billion $715.4 Million $2.4 Billion
Q2 2023 $873.5 Million $21.6 Billion $351.2 Million $2.5 Billion
Q1 2023 $2.1 Billion $22.7 Billion $1.1 Billion $2.6 Billion
Q4 2022 $169.5 Million $22.6 Billion $740.8 Million $2.5 Billion
Q3 2022 $102.8 Million $22.0 Billion $0 $2.4 Billion
Q2 2022 $100.3 Million $22.4 Billion $0 $2.7 Billion

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EBC Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $0 $0 $0
Q4 2023 $133.3 Million $0 $133.3 Million
Q3 2023 -$187,000 $0 -$187,000
Q2 2023 $0 $0 $0
Q1 2023 $99.3 Million -$1.2 Million $2.0 Billion
Q4 2022 $1.2 Million -$2.2 Million $11.1 Million
Q3 2022 $59.2 Million -$1.5 Million -$210.5 Million
Q2 2022 $95.9 Million -$1.6 Million -$461.6 Million

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