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	2022
Interest and dividend income	—	—	—
Interest and fees on loans	808.04^a	652.1^a	476.04^a
Taxable interest and dividends on securities	90.58^a	101.23^a	118.69^a
Non-taxable interest and dividends on securities	5.77^a	5.74^a	7.18^a
Interest on federal funds sold and other short-term investments	42.38^a	37.4^a	3.27^a
Total interest and dividend income	946.77^a	796.46^a	605.18^a
Interest expense	—	—	—
Interest on deposits	-337.37^a	-226.08^a	-28.62^a
Interest on borrowings	-1.8^a	-19.98^a	-8.51^a
Total interest expense	-339.17^a	-24.61^a	-37.13^a
Net interest income	607.6^a	550.41^a	568.05^a
Provision for allowance for loan losses	-67.38^a	-20.05^a	-17.93^a
Net interest income after provision for allowance for loan losses	540.22^a	530.36^a	550.13^a
Noninterest income (loss)	—	—	—
Trust and investment advisory fees	46.13^a	24.26^a	23.59^a
Service charges on deposit accounts	32^a	28.63^a	30.39^a
Debit card processing fees	14.18^a	13.47^a	12.64^a
Interest rate swap income	2.82^a	1.54^a	6.01^a
Income (losses) from investments held in rabbi trusts	9.68^a	9.31^a	-10.76^a
Losses on sale of commercial and industrial loans	0^a	-2.74^a	0^a
(Losses) gains on sales of mortgage loans held for sale, net	-0.92^a	-0.51^a	0.25^a
Losses on sales of securities available for sale, net	-16.8^a	-333.17^a	-3.16^a
Other	36.83^a	21.46^a	17.78^a
Total noninterest income (loss)	123.92^a	-237.75^a	76.75^a
Noninterest expense	—	—	—
Salaries and employee benefits	-302.35^a	-253.04^a	-233.1^a
Office occupancy and equipment	-46.52^a	-35.99^a	-37.45^a
Data processing	-75.38^a	-55.31^a	-52.94^a
Professional services	-20.07^a	-17.39^a	-15.81^a
Marketing	-7.82^a	-7.59^a	-9.29^a
FDIC insurance	-13.87^a	-21.87^a	-6.25^a
Amortization of other intangible assets	-14.57^a	-1.8^a	-1.2^a
Other	-27.79^a	-25.61^a	-32.62^a
Total noninterest expense	-508.37^a	-418.6^a	-388.65^a
Income (loss) from continuing operations before income tax expense	155.77^a	-126^a	238.23^a
Income tax expense (benefit)	-36.21^a	-63.31^a	-51.72^a
Net income (loss) from continuing operations	119.56^a	-62.69^a	186.51^a
Net income from discontinued operations	0^a	294.87^a	13.25^a
Net income	119.56^a	232.18^a	199.76^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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