Eastern Bankshares (EBC)
New England bank for commercial lending, deposits, private banking, wealth management, and trust.
$21.26
vs last close−0.11 (−0.54%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 221 | 229 | 230 | 232 | 300 | 308 | 30 | 322 | 323 | 383 | 376 | 350 |
| Cost of revenue | 72 | 76 | 80 | 85 | 143 | 98 | 83 | 85 | 90 | 104 | 101 | 98 |
| Gross profit | 149 | 154 | 150 | 148 | 156 | 210 | −54 | 237 | 233 | 279 | 275 | 252 |
| 102 | 120 | 101 | 110 | 160 | 138 | 130 | 136 | 139 | 190 | 191 | 175 | |
| 65 | 84 | 68 | 72 | 99 | 86 | 85 | 87 | 90 | 98 | 108 | 171 | |
| Selling & marketing | 2 | 3 | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 3 | 3 | 3 |
| General & administrative | 64 | 81 | 67 | 70 | 97 | 83 | 83 | 84 | 87 | 96 | 106 | 168 |
| Other expenses | 36 | 36 | 33 | 38 | 61 | 52 | 45 | 49 | 49 | 92 | 83 | 4 |
| Operating income | 47 | 34 | 49 | 38 | −3 | 72 | −184 | 100 | 94 | 89 | 84 | 77 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58 | |
| Interest income | 202 | 204 | 203 | 207 | 266 | 271 | 266 | 279 | 283 | 336 | 340 | 350 |
| Interest expense | 65 | 70 | 73 | 79 | 96 | 92 | 77 | 77 | 83 | 99 | 95 | 98 |
| Other non-operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −58 |
| Income before tax | 47 | 34 | 49 | 38 | −3 | 72 | −184 | 100 | 94 | 89 | 84 | 135 |
| Income tax expense | −16 | 2 | 10 | 12 | 3 | 11 | 34 | 0 | −12 | −10 | 19 | 30 |
| Net income from continuing operations | 63 | 32 | 39 | 26 | −6 | 61 | −218 | 100 | 106 | 100 | 65 | 105 |
| Discontinued operations | −4 | 287 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 59 | 319 | 39 | 26 | −6 | 61 | −218 | 100 | 106 | 100 | 65 | 105 |
| EPS, basic | $0.36 | $1.96 | $0.24 | $0.16 | −$0.03 | $0.30 | −$1.09 | $0.50 | $0.53 | $0.46 | $0.29 | $0.48 |
| EPS, diluted | $0.36 | $1.96 | $0.24 | $0.16 | −$0.03 | $0.30 | −$1.09 | $0.50 | $0.53 | $0.46 | $0.29 | $0.48 |
| Weighted average shares, basic | 162 | 163 | 163 | 163 | 197 | 201 | 200 | 199 | 199 | 215 | 222 | 218 |
| Weighted average shares, diluted | 162 | 163 | 163 | 163 | 198 | 203 | 201 | 199 | 200 | 216 | 223 | 219 |
| EBITDA | 53 | 40 | 55 | 44 | 10 | 85 | −170 | 114 | 108 | 111 | 103 | 146 |
| Depreciation & amortization | 6 | 6 | 6 | 6 | 13 | 13 | 14 | 14 | 14 | 22 | 19 | 12 |
| EBIT | 47 | 34 | 49 | 38 | −3 | 72 | −184 | 100 | 94 | 89 | 84 | 135 |
