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

12.57USD-0.04 (-0.32%)Market Closed

Market Summary

USD12.57-0.04

Market Closed

-0.32%

EBC Alerts

1 major insider sales recently.

EBC Stock Price

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EBC RSI Chart

EBC Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

9.55

Price/Sales (Trailing)

2.78

EV/EBITDA

3.49

Price/Free Cashflow

8.47

EBC Price/Sales (Trailing)

EBC Profitability

EBT Margin

-15.82%

Return on Equity

7.8%

Return on Assets

1.1%

Free Cashflow Yield

11.8%

EBC Fundamentals

EBC Revenue

Revenue (TTM)

796.5M

Rev. Growth (Yr)

16.37%

Rev. Growth (Qtr)

0.73%

EBC Earnings

Earnings (TTM)

232.2M

Earnings Growth (Yr)

653.07%

Earnings Growth (Qtr)

438.8%

Breaking Down EBC Revenue

Last 7 days

-4.9%

Last 30 days

-5.1%

Last 90 days

-6.1%

Trailing 12 Months

8.3%

How does EBC drawdown profile look like?

EBC Financial Health

EBC Investor Care

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

1.41

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	ARMSTRONG ADVISORY GROUP, INC	unchanged	-	-	28,400	-%
Apr 12, 2024	BALDWIN BROTHERS LLC/MA	unchanged	-	-1,890	62,010	-%
Apr 11, 2024	Single Point Partners, LLC	unchanged	-	-5,000	293,000	0.07%
Apr 11, 2024	ROCKLAND TRUST CO	reduced	-2.53	-15,195	265,610	0.01%
Apr 10, 2024	Enterprise Bank & Trust Co	unchanged	-	-23,167	760,091	0.26%
Apr 09, 2024	LYNCH & ASSOCIATES/IN	reduced	-2.78	-28,900	482,300	0.11%
Apr 09, 2024	American Capital Advisory, LLC	new	-	2,840	2,840	-%
Apr 08, 2024	BEESE FULMER INVESTMENT MANAGEMENT, INC.	reduced	-5.58	-85,234	932,906	0.09%
Apr 05, 2024	CWM, LLC	added	0.96	-	4,000	-%
Apr 05, 2024	GAMMA Investing LLC	unchanged	-	-79.00	6,022	-%

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

1 major insider sales recently.

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
Apr 01, 2024	ARS	ARS
Apr 01, 2024	DEF 14A	DEF 14A
Apr 01, 2024	DEFA14A	DEFA14A
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 18, 2024	144	Notice of Insider Sale Intent
Mar 18, 2024	144	Notice of Insider Sale Intent
Mar 18, 2024	144	Notice of Insider Sale Intent
Mar 05, 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	526.7B	171.1B	-3.91%	31.81%	10.63	3.08	60.72%	31.52%
BAC	283.0B	130.3B	1.52%	21.78%	10.67	2.17	79.51%	-3.68%
WFC	203.8B	85.7B	-0.94%	43.72%	10.65	2.38	41.49%	39.96%
C	111.9B	133.3B	1.65%	18.16%	12.13	0.84	79.09%	-
CFG	15.1B	10.2B	-1.49%	13.37%	9.41	1.48	44.53%	-22.43%
KEY	13.5B	7.9B	-0.41%	19.27%	13.93	1.7	46.47%	-49.56%
MID-CAP
CMA	6.7B	4.2B	2.75%	17.44%	7.65	1.61	56.25%	-23.46%
ZION	6.0B	3.9B	1.56%	34.92%	8.8	1.52	45.91%	-25.03%
ABCB	3.1B	1.3B	-1.16%	34.79%	11.56	2.43	43.24%	-22.35%
ASB	3.1B	2.0B	0.10%	12.49%	16.74	1.56	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	25.23%	-24.02%
ALRS	396.1M	164.9M	-4.97%	29.15%	33.87	2.4	42.66%	-70.76%
AROW	365.2M	162.6M	-7.04%	-2.86%	12.14	2.25	25.39%	-38.37%
ACNB	276.1M	96.6M	-8.72%	5.46%	8.71	2.86	11.02%	-11.37%
ASRV	39.4M	60.9M	-11.88%	-26.28%	-11.79	0.65	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.7%	204	202	202	189	175	158	141	131	125	103	106	101	105	101	102	106	108	113	113	111	-
EBITDA Margin	-10.1%	0.55*	0.61*	0.71*	0.77*	1.36*	1.39*	1.41*	1.40*	1.42*	1.28*	1.25*	1.23*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.8%	133	137	142	138	150	152	138	128	122	103	105	100	104	99.00	99.00	100	101	104	104	103	-
Income Taxes	114.3%	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	-28.5%	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	-9.6%	-0.16*	-0.14*	-0.11*	-0.12*	0.41*	0.40*	0.40*	0.39*	0.40*	0.26*	0.24*	0.22*	-	-	-	-	-	-	-	-	-
Net Income	438.8%	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	608.3%	0.29*	-0.06*	-0.07*	-0.07*	0.33*	0.35*	0.35*	0.34*	0.36*	0.18*	0.16*	0.15*	-	-	-	-	-	-	-	-	-
Free Cashflow	46.6%	53.00	36.00	72.00	101	3.00	61.00	97.00	68.00	47.00	67.00	-5.27	65.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Assets	-0.1%	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	11,378
Cash Equivalents	13.8%	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	260
Net PPE	1.9%	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	-2.9%	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	9,945
Shareholder's Equity	21.6%	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	1,433
Retained Earnings	17.2%	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	0.3%	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	0.0%	176	176	176	176	176	178	179	183	186	187	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	46.6%	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	25.2%	5.00	4.00	5.00	3.00	2.00	4.00	3.00	2.00	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	401.6%	545	109	-172	1,920	-504	-174	-240	-157	402	-767	-545	-1,074	-773	-599	-900	-116	-153	88.00	-	-
Cashflow From Financing	-25.4%	-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	11.1%	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	-	-	-	-	-	-	-	-	-	-	-

EBC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Interest and fees on loans	$ 652,095	$ 476,041	$ 367,585
Taxable interest and dividends on available for sale securities	101,233	118,690	58,312
Non-taxable interest and dividends on available for sale securities	5,736	7,179	7,376
Interest on federal funds sold and other short-term investments	37,395	3,271	1,886
Total interest and dividend income	796,459	605,181	435,159
Interest expense:
Interest on deposits	226,075	28,621	5,167
Interest on borrowings	19,975	8,506	165
Total interest expense	246,050	37,127	5,332
Net interest income	550,409	568,054	429,827
Provision for (release of) allowance for loan losses	20,052	17,925	(9,686)
Net interest income after provision for (release of) allowance for loan losses	530,357	550,129	439,513
Noninterest (loss) income:
Service charges on deposit accounts	28,631	30,392	24,271
Trust and investment advisory fees	24,264	23,593	24,588
Debit card processing fees	13,469	12,644	12,118
Interest rate swap income	1,536	6,009	5,634
Income (losses) from investments held in rabbi trusts	9,305	(10,762)	10,217
Losses on sale of commercial and industrial loans	(2,738)	0	0
(Losses) gains on sales of mortgage loans held for sale, net	(507)	248	3,605
(Losses) gains on sales of securities available for sale, net	(333,170)	(3,157)	1,166
Other	21,457	17,783	15,838
Total noninterest (loss) income	(237,753)	76,750	97,437
Noninterest expense:
Salaries and employee benefits	253,037	233,097	227,624
Office occupancy and equipment	35,992	37,445	37,261
Data processing	55,308	52,938	46,415
Professional services	17,385	15,805	21,283
Marketing	7,592	9,294	8,500
Loan expenses	4,466	6,384	9,114
FDIC insurance	21,874	6,250	4,226
Amortization of core deposit intangible asset	1,804	1,198	219
Other	21,144	26,238	6,313
Total noninterest expense	418,602	388,649	360,955
(Loss) income from continuing operations before income tax expense	(125,998)	238,230	175,995
Income tax (benefit) expense	(63,309)	51,719	30,464
Net (loss) income from continuing operations	(62,689)	186,511	145,531
Net income from discontinued operations	294,866	13,248	9,134
Net income	$ 232,177	$ 199,759	$ 154,665
Basic earnings per share
Basic (loss) earnings per share from continuing operations (in dollars per share)	$ (0.39)	$ 1.13	$ 0.85
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	1.82	0.08	0.05
Basic earnings per share (in dollars per share)	1.43	1.21	0.90
Diluted earnings per share:
Diluted (loss) earnings per share from continuing operations (in dollars per share)	(0.39)	1.13	0.85
Diluted earnings per share from discontinued operations (in dollars per share)	1.82	0.08	0.05
Diluted earnings per share (in dollars per share)	$ 1.43	$ 1.21	$ 0.90

EBC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 87,233	$ 106,040
Short-term investments	605,843	63,465
Cash and cash equivalents	693,076	169,505
Available for sale (amortized cost $5,161,904 and $7,825,435, respectively)	4,407,521	6,690,778
Held to maturity (fair value $404,822 and $423,226, respectively)	449,721	476,647
Total securities	4,857,242	7,167,425
Loans held for sale	1,124	4,543
Loans:
Total loans	13,973,428	13,575,531
Allowance for loan losses	(148,993)	(142,211)
Unamortized premiums, net of unearned discounts and deferred fees, net of costs	(25,068)	(13,003)
Net loans	13,799,367	13,420,317
Federal Home Loan Bank stock, at cost	5,904	41,363
Premises and equipment	60,133	62,493
Bank-owned life insurance	164,702	160,790
Goodwill and other intangibles, net	566,205	568,009
Deferred income taxes, net	266,185	331,963
Prepaid expenses	183,073	165,368
Other assets	536,267	426,863
Assets of discontinued operations	0	128,219
Total assets	21,133,278	22,646,858
Deposits:
Demand	5,162,218	6,240,637
Interest checking accounts	3,737,361	4,568,122
Savings accounts	1,323,126	1,831,123
Money market investment	4,664,475	4,710,095
Certificates of deposit	2,709,037	1,624,382
Total deposits	17,596,217	18,974,359
Borrowed funds:
Short-term Federal Home Loan Bank advances	95	691,297
Escrow deposits of borrowers	21,978	22,314
Interest rate swap collateral funds	8,500	14,430
Long-term Federal Home Loan Bank advances	17,643	12,787
Total borrowed funds	48,216	740,828
Other liabilities	513,990	424,951
Liabilities of discontinued operations	0	34,930
Total liabilities	18,158,423	20,175,068
Commitments and contingencies (see Note 17)	0	0
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 176,426,993 and 176,172,073 shares issued and outstanding at December 31, 2023 and 2022, respectively	1,767	1,762
Additional paid in capital	1,666,441	1,649,141
Unallocated common shares held by the Employee Stock Ownership Plan	(132,755)	(137,696)
Retained earnings	2,047,754	1,881,775
Accumulated other comprehensive income, net of tax	(608,352)	(923,192)
Total shareholders’ equity	2,974,855	2,471,790
Total liabilities and shareholders’ equity	21,133,278	22,646,858
Commercial and industrial \| Commercial Portfolio Segment
Loans:
Total loans	3,034,068	3,150,946
Allowance for loan losses	(26,959)	(26,859)
Commercial real estate \| Commercial Portfolio Segment
Loans:
Total loans	5,457,349	5,155,323
Allowance for loan losses	(65,475)	(54,730)
Commercial construction \| Commercial Portfolio Segment
Loans:
Total loans	386,999	336,276
Allowance for loan losses	(6,666)	(7,085)
Business banking \| Commercial Portfolio Segment
Loans:
Total loans	1,085,763	1,090,492
Allowance for loan losses	(14,913)	(16,189)
Residential real estate \| Residential Portfolio Segment
Loans:
Total loans	2,565,485	2,460,849
Allowance for loan losses	(25,954)	(28,129)
Consumer home equity \| Consumer Portfolio Segment
Loans:
Total loans	1,208,231	1,187,547
Allowance for loan losses	(5,595)	(6,454)
Other consumer \| Consumer Portfolio Segment
Loans:
Total loans	$ 235,533	$ 194,098

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 Mon Apr 15 2024, market cap of Eastern Bankshares, Inc. is 2.22 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 Mon Apr 15 2024, EBC's PE ratio (Price to Earnings) is 9.55 and Price to Sales (PS) ratio is 2.78. 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.