Eastern Bankshares EBC

Banks - Regional, Financial Services

$22.40

+1.31%

Market cap: $5.1B
PE: 12.7×; 5y median 15.5×
Forward PE: n/m; not a meaningful number
Revenue, 12 months: $1.1B; +82% on a year ago
Net margin: 33.5%

Eastern Bankshares trades at 12.7× trailing earnings, near its ten-year median. Revenue was $1.1B over the last twelve months, up 82% on a year earlier with a 34% net margin.

Charts

Financials

Income statement for EBC, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$156.4M−9%	$160M−18%	$157.6M	$154M−8%	$203.4M+30%	$216.5M+35%	−$47.2M	$244.9M+59%	$241.5M+19%	$283.5M+31%	$288.2M	$309.5M+26%
Interest expense	$65M+1050%	$70.3M+181%	$72.7M+44%	$78.7M+31%	$96.2M+48%	$91.6M+30%	$76.8M+6%	$77.3M−2%	$82.8M−14%	$98.8M+8%	$94.9M+24%	$98M+27%
Pre-tax income	$47.3M−32%	$33.8M−34%	$48.9M	$38M−37%	−$3.4M	$72.2M+113%	−$183.9M	$100.3M+164%	$94M	$89.2M+24%	$83.8M	$134.8M+34%
	−$16.2M	$2.3M−73%	$10.3M	$11.7M−27%	$2.8M	$11.4M+394%	$33.7M+228%	$87K−99%	−$12.2M	−$10.3M	$18.6M−45%	$29.6M+33928%
Net income	$59.1M+8%	$318.5M+653%	$38.6M	$26.3M−46%	−$6.2M	$60.8M−81%	−$217.7M	$100.2M+281%	$106.1M	$99.5M+64%	$65.3M	$105.2M+5%
	$0.36+9%	$1.96+654%	$0.24	$0.16−47%	−$0.03	$0.30−85%	−$1.08	$0.50+213%	$0.53	$0.46+53%	$0.29	$0.48−4%
	162.5M−1%	162.8M+1%	163.2M+1%	163.5M+1%	197.7M+22%	202.8M+25%	201.4M+23%	199M+22%	199.5M+1%	216.5M+7%	223.4M+11%	219.2M+10%

Revenue: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Interest expense: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Income tax: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Net income: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

EPS, diluted: 5 periods, Q4 FY21 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY21 and Q4 FY25: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 3 periods, Q4 FY22 to Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Banks - Regional nearest Eastern Bankshares' size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
EBCEastern Bankshares	$5.1B	12.7×	15.5×	n/m	+82%	33.5%
AXAxos Financial	$5.2B	10.8×	11.2×	n/m	+18%	33.1%
ABCBAmeris Bancorp	$5.5B	14.9×	12.9×	n/m	+9%	29.8%
TFSLTFS Financial CORP	$4.7B	46.1×	51.3×	n/m	+10%	29.7%
AUBAtlantic Union Bankshares	$5.7B	11.9×	15.4×	n/m	+46%	31.6%
ASBAssociated Banc-Corp	$5.7B	10.5×	11.4×	n/m	+46%	31.4%
SFBSServisFirst Bancshares	$4.5B	14.0×	17.1×	n/m	+20%	51.2%
UCBUnited Community Banks	$4.5B	12.2×	13.7×	n/m	+14%	34.0%
HWCHancock Whitney	$5.9B	14.4×	11.3×	n/m	−0%	29.1%
HOMBHome Bancshares	$6B	12.4×	13.1×	n/m	+7%	42.7%
FFINFirst Financial Bankshares	$4.3B	16.1×	25.7×	n/m	+12%	40.4%
Peer median	$5.4B	13.2×	13.4×	n/a	+13%	32.4%