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Eastern Bankshares Inc   (NASDAQ: EBC)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $16.9050 $0.15 0.865%
Day's High: $16.905 Week Perf: 1.9 %
Day's Low: $ 16.64 30 Day Perf: -4 %
Volume (M): 109 52 Wk High: $ 19.40
Volume (M$): $ 1,830 52 Wk Avg: $15.94
Open: $16.81 52 Wk Low: $12.22



 Market Capitalization (Millions $) 3,062
 Shares Outstanding (Millions) 181
 Employees 2,265
 Revenues (TTM) (Millions $) 664
 Net Income (TTM) (Millions $) 120
 Cash Flow (TTM) (Millions $) 314
 Capital Exp. (TTM) (Millions $) 14

Eastern Bankshares Inc
Eastern Bankshares Inc is a bank holding company that operates through its subsidiary, Eastern Bank. It provides a wide range of banking products and services to individuals, businesses and government entities in the eastern New England region of the United States. The company offers various deposit accounts, loans, mortgages, investment services, and insurance products. Eastern Bankshares Inc has a strong presence in the communities it serves and is committed to providing personalized banking solutions. It has a history of over 200 years and is known for its customer-centric approach and commitment to social responsibility.


   Company Address: 125 High Street Boston 2110 MA
   Company Phone Number: 327-8376   Stock Exchange / Ticker: NASDAQ EBC


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FBNC        2.11% 
FBP        5.72% 
FISI        0.35% 
• View Complete Report
   



Eastern Bankshares Inc

Eastern Bankshares Inc Posts Impressive Increase in Shares Amidst Strong Financial Performance for Fiscal First Quarter of 2024

Eastern Bankshares Inc, a Savings and Loan company, experienced a decline of -4.4% in its shares during the month of May. However, when looking at the bigger picture, Eastern Bankshares Inc shares showed an impressive increase of 12.55% from a year before. Despite this positive trend, the shares are currently trading only 29.1% above their 52-week low.
Taking a closer look at the company's financial performance, we can see that there has been a significant improvement in its earnings. In the period from January to March 31, 2024, Eastern Bankshares Inc reported a positive income of $0.24 per share, a stark contrast to the earnings of -$1.20 per share in the same period a year before. Additionally, the company's revenue saw a substantial increase of 56.89% from the previous reporting period.

Eastern Bankshares Inc

Eastern Bankshares Inc. Surges with 635.66% Income Rise in Fourth Quarter of 2023

The stock market has been full of surprises lately, with companies reporting varying levels of success. One such company that has caught the attention of investors is Eastern Bankshares Inc. (EBC), which recently announced an impressive income rise of 635.66% to $1.97 per share for the fourth quarter of 2023. This significant increase comes despite a decline in revenue of -47.885% to $95.70 million year on year.
What is even more remarkable is that, compared to the previous quarter, income per share grew rapidly by 448.48% from $0.36 per share, while revenue tumbled by -35.788% from $149.03 million. The bottom-line of $318.503 million for the fourth quarter of 2023 earnings season also increased by an impressive 653.07% from net earnings of $42.294 million reported in the same quarter a year ago.

Eastern Bankshares Inc

Eastern Bankshares Inc Successfully Maneuvers Challenging Economic Landscape in the Financial Period Ending September 30, 2023

Eastern Bankshares Inc, a S&Ls Savings Banks company, has recently reported its financial results for the most recent fiscal period. In terms of income per share, there has been a significant surge of 9.09% to $0.36 per share compared to $0.33 per share in the same period the previous year. Furthermore, there has been a substantial increase of 20% in EPS from $0.30 per share in the previous quarter. This indicates positive growth and profitability for Eastern Bankshares Inc.
However, the company experienced a decline in revenue, with a decrease of -21.168% to $149.03 million in the most recent fiscal period compared to $189.05 million in the same quarter a year ago. Additionally, there was a sequential decline of -20.692% from $187.92 million. Although this decline in revenue is concerning, it is important to note that the company's net income increased by 7.92% to $59.113 million from $54.777 million in the most recent fiscal period a year ago. This suggests that even though revenue has decreased, the company has managed to control costs and improve its profitability.

Eastern Bankshares Inc

Eastern Bankshares Inc's Q2 2023 Report Displays Muted Growth Amid Revenue and Share Earnings Divergence

As a stock market journalist, it is my duty to interpret and analyze the financial results of various companies. Today, I will be focusing on Eastern Bankshares Inc and their recent financial performance.
In the financial time-frame closing on June 30, 2023, Eastern Bankshares Inc reported some contradictory numbers. On one hand, their revenue grew by 5.227% to $187.92 million compared to $178.58 million in the prior year. This is certainly a positive sign for the company and shows growth in their top-line.

Eastern Bankshares Inc

Eastern Bankshares Inc Faces Challenging First Quarter in 2023 with Significant Losses

Eastern Bankshares Inc (EBC) recently reported a loss in their most recent fiscal period of -$1.20 per share, which is a significant drop compared to the positive earnings of $0.30 per share reported during the same period the previous year. This has caused concern among investors, especially as the company had previously posted profits of $0.27 per share and $183.63 million in the previous reporting season.
What is more worrisome for EBC is the fact that they have logged a net shortfall of -$194.096 million in the first quarter of 2023, which is a significant decline from the positive bottom line of $51.516 million that they had achieved in the corresponding period a year before.







Eastern Bankshares Inc's Segments





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