Below are the financial statements of Eastern Bankshares, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Cash and due from banks | 92.59a | 87.23a |
| Short-term investments | 914.29a | 605.84a |
| Cash and cash equivalents | 1,006.88a | 693.08a |
| Securities | — | — |
| Available for sale (amortized cost $4,778,644 and $5,161,904, respectively) | 4,021.6a | 4,407.52a |
| Held to maturity (fair value $371,724 and $404,822, respectively) | 420.72a | 449.72a |
| Total securities | 4,442.31a | 4,857.24a |
| Loans held for sale | 0.37a | 1.12a |
| Total loans | 18,079.08a | 13,973.43a |
| Allowance for loan losses | -228.95a | -148.99a |
| Unearned discounts and deferred fees, net | -300.73a | -25.07a |
| Net loans | 17,549.4a | 13,799.37a |
| Federal Home Loan Bank stock, at cost | 5.87a | 5.9a |
| Premises and equipment | 66.64a | 60.13a |
| Bank-owned life insurance | 204.7a | 164.7a |
| Goodwill and other intangibles, net | 1,050.16a | 566.21a |
| Deferred income taxes, net | 332.13a | 266.19a |
| Prepaid expenses | 231.94a | 183.07a |
| Other assets | 667.47a | 536.27a |
| Total assets | 25,557.88a | 21,133.28a |
| Liabilities and equity | — | — |
| Deposits | — | — |
| Demand | 5,992.08a | 5,162.22a |
| Interest checking accounts | 4,606.25a | 3,737.36a |
| Savings accounts | 1,620.6a | 1,323.13a |
| Money market investment | 5,736.36a | 4,664.48a |
| Certificates of deposit | 3,336.32a | 2,709.04a |
| Total deposits | 21,291.62a | 17,596.22a |
| Borrowed funds | — | — |
| Escrow deposits of borrowers | 27.72a | 21.98a |
| Interest rate swap collateral funds | 48.59a | 8.5a |
| Federal Home Loan Bank advances | 17.59a | 17.74a |
| Total borrowed funds | 93.9a | 48.22a |
| Other liabilities | 560.39a | 513.99a |
| Total liabilities | 21,945.91a | 18,158.42a |
| Commitments and contingencies | 0a | 0a |
| Shareholders’ equity | — | — |
| Common shares | 2.14a | 1.77a |
| Additional paid in capital | 2,237.49a | 1,666.44a |
| Unallocated common shares held by the Employee Stock Ownership Plan | -127.84a | -132.76a |
| Retained earnings | 2,084.5a | 2,047.75a |
| Accumulated other comprehensive income, net of tax | -584.33a | -608.35a |
| Total shareholders’ equity | 3,611.97a | 2,974.86a |
| Total liabilities and shareholders’ equity | 25,557.88a | 21,133.28a |
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Eastern Bankshares’s data sources below and access millions more through our Disclosure Search.