Eastern Bankshares Inc

Common Name

Eastern Bankshares

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

1,998

Ticker

EBC

Exchange

NASDAQ/NGS

Website

www.easternbank.com

Description

Eastern Bankshares Inc. is a prominent publicly traded bank holding company headquartered in Boston, Massachusetts. As the parent company of Eastern Bank, it is deeply rooted in the regional banking i... Show more

Financial Statements of Eastern Bankshares

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Assets	—	—
Cash and due from banks	92.59^a	87.23^a
Short-term investments	914.29^a	605.84^a
Cash and cash equivalents	1,006.88^a	693.08^a
Securities	—	—
Available for sale (amortized cost $4,778,644 and $5,161,904, respectively)	4,021.6^a	4,407.52^a
Held to maturity (fair value $371,724 and $404,822, respectively)	420.72^a	449.72^a
Total securities	4,442.31^a	4,857.24^a
Loans held for sale	0.37^a	1.12^a
Total loans	18,079.08^a	13,973.43^a
Allowance for loan losses	-228.95^a	-148.99^a
Unearned discounts and deferred fees, net	-300.73^a	-25.07^a
Net loans	17,549.4^a	13,799.37^a
Federal Home Loan Bank stock, at cost	5.87^a	5.9^a
Premises and equipment	66.64^a	60.13^a
Bank-owned life insurance	204.7^a	164.7^a
Goodwill and other intangibles, net	1,050.16^a	566.21^a
Deferred income taxes, net	332.13^a	266.19^a
Prepaid expenses	231.94^a	183.07^a
Other assets	667.47^a	536.27^a
Total assets	25,557.88^a	21,133.28^a
Deposits	—	—
Demand	5,992.08^a	5,162.22^a
Interest checking accounts	4,606.25^a	3,737.36^a
Savings accounts	1,620.6^a	1,323.13^a
Money market investment	5,736.36^a	4,664.48^a
Certificates of deposit	3,336.32^a	2,709.04^a
Total deposits	21,291.62^a	17,596.22^a
Borrowed funds	—	—
Escrow deposits of borrowers	27.72^a	21.98^a
Interest rate swap collateral funds	48.59^a	8.5^a
Federal Home Loan Bank advances	17.59^a	17.74^a
Total borrowed funds	93.9^a	48.22^a
Liabilities and equity	—	—
Other liabilities	560.39^a	513.99^a
Total liabilities	21,945.91^a	18,158.42^a
Commitments and contingencies	0^a	0^a
Shareholders’ equity	—	—
Common shares	2.14^a	1.77^a
Additional paid in capital	2,237.49^a	1,666.44^a
Unallocated common shares held by the Employee Stock Ownership Plan	-127.84^a	-132.76^a
Retained earnings	2,084.5^a	2,047.75^a
Accumulated other comprehensive income, net of tax	-584.33^a	-608.35^a
Total shareholders’ equity	3,611.97^a	2,974.86^a
Total liabilities and shareholders’ equity	25,557.88^a	21,133.28^a

Verified Sources Behind Eastern Bankshares’s Financial Fundamentals Data

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.

a. Eastern Bankshares's 10-K 2024

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Eastern Bankshares Inc

Financial Statements of Eastern Bankshares

Verified Sources Behind Eastern Bankshares’s Financial Fundamentals Data

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