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About the company
Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). Through the Bank, it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its banking business consists of a full range of banking, lending (commercial, residential and consumer), savings and small business offerings, including its wealth management and trust operations that it conducts through its Eastern Wealth Management division. It offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers, as well as cash management services to its municipal clients. Its securities portfolio consists of government-sponsored residential mortgage-backed securities.
- Revenue in USD (TTM)810.19m
- Net income in USD170.05m
- Incorporated2020
- Employees1.56k
- LocationEastern Bankshares Inc125 High StreetSte 901, Oliver Street TowerBOSTON 02110United StatesUSA
- Phone+1 (617) 897-1100
- Websitehttps://www.easternbank.com/
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Mergers & acquisitions
| Acquired company | EBC:NSQ since announced | Transaction value |
|---|---|---|
| Cambridge Bancorp | 4.10% | 533.91m |
Data delayed at least 15 minutes, as of Jul 03 2024 18:00 BST.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Triumph Financial Inc | 423.69m | 31.02m | 1.89bn | 1.52k | 61.20 | 2.29 | 32.69 | 4.56 | 1.32 | 1.32 | 17.70 | 37.38 | -- | -- | -- | -- | 0.611 | 1.39 | -- | -- | -- | -- | 8.25 | 19.34 | -- | -- | -- | 0.00 | 0.759 | 9.94 | -61.78 | -5.83 | 4.96 | -- |
| Provident Financial Services, Inc. | 636.12m | 119.94m | 1.89bn | 1.11k | 9.09 | 0.6513 | 14.41 | 4.09 | 1.60 | 1.60 | 6.18 | 22.33 | -- | -- | -- | -- | 0.8595 | 1.09 | -- | -- | -- | -- | 25.89 | 31.20 | -- | -- | -- | 52.03 | 32.10 | 11.35 | -26.90 | 1.64 | 18.82 | 3.20 |
| Federal Agricultural Mortgage Corp | 1.47bn | 179.55m | 1.90bn | 185.00 | 11.14 | 1.99 | -- | 1.29 | 16.40 | 16.40 | 134.55 | 136.20 | 0.0511 | -- | 5.49 | 7,963,962.00 | 0.7164 | 0.602 | 1.04 | 0.9443 | 23.86 | 34.22 | 14.03 | 19.97 | -- | -- | 0.9495 | 30.59 | 94.22 | 20.66 | 14.48 | 12.74 | -- | 13.66 |
| Independent Bank Group Inc | 905.77m | 104.62m | 1.91bn | 1.52k | 18.16 | 0.7935 | 13.99 | 3.94 | 2.54 | 2.54 | 11.71 | 58.02 | -- | -- | -- | -- | 0.5567 | 1.02 | -- | -- | -- | -- | 21.70 | 29.71 | -- | -- | -- | 31.94 | 33.09 | 16.44 | -77.87 | -19.45 | -11.25 | 23.00 |
| Heartland Financial USA Inc | 988.54m | 70.80m | 1.91bn | 1.89k | 26.98 | 1.02 | 21.11 | 3.29 | 1.65 | 1.65 | 13.55 | 46.25 | -- | -- | -- | -- | 0.4011 | 0.9287 | -- | -- | -- | -- | 13.60 | 25.30 | -- | -- | -- | 24.93 | 41.38 | 15.41 | -64.79 | -9.28 | -11.14 | 17.32 |
| Independent Bank Corp (Massachusetts) | 816.84m | 226.03m | 2.11bn | 1.79k | 9.58 | 0.7307 | 8.02 | 2.96 | 5.18 | 5.18 | 16.32 | 67.94 | -- | -- | -- | -- | 1.17 | 1.16 | -- | -- | -- | -- | 31.78 | 30.66 | -- | -- | -- | 42.11 | 23.78 | 19.71 | -9.22 | 14.51 | 7.36 | 8.55 |
| Pacific Premier Bancorp, Inc. | 880.07m | 13.31m | 2.20bn | 1.35k | 163.78 | 0.7583 | 54.12 | 5.09 | 0.1393 | 0.1393 | 4.58 | 30.09 | -- | -- | -- | -- | 0.0762 | 0.9766 | -- | -- | -- | -- | 3.54 | 27.89 | -- | -- | -- | 58.75 | 15.54 | 14.64 | -89.73 | -25.07 | -8.48 | -- |
| John Wiley & Sons Inc | 1.87bn | -200.32m | 2.27bn | 6.40k | -- | 3.08 | -- | 1.21 | -3.64 | -3.64 | 34.10 | 13.59 | 0.6421 | 20.36 | 7.01 | 292,654.20 | -6.87 | 0.2461 | -9.85 | 0.3479 | 69.05 | 70.06 | -10.70 | 0.402 | 0.4899 | 4.31 | 0.5115 | 983.70 | -7.27 | 0.7974 | -1,262.42 | -- | 0.1767 | 1.18 |
| Bank of Hawaii Corp | 832.40m | 152.88m | 2.30bn | 1.90k | 14.94 | 1.83 | 13.24 | 3.52 | 3.87 | 3.87 | 16.55 | 36.15 | -- | -- | -- | -- | 0.679 | 0.9761 | -- | -- | -- | -- | 24.61 | 30.28 | -- | -- | -- | 54.17 | 35.66 | 8.05 | -25.06 | -5.72 | -23.25 | 3.65 |
| Eastern Bankshares Inc | 810.19m | 170.05m | 2.50bn | 1.56k | 13.52 | 0.8476 | 13.75 | 4.10 | 1.05 | 2.86 | 3.75 | 16.72 | -- | -- | -- | -- | 0.7748 | 0.4746 | -- | -- | -- | -- | 27.87 | 16.07 | -- | -- | -- | 43.35 | 31.61 | 13.92 | -133.61 | -- | -2.06 | -- |
| First Hawaiian Inc | 954.99m | 222.39m | 2.66bn | 2.00k | 11.99 | 1.06 | 10.10 | 3.22 | 1.74 | 1.74 | 6.46 | 19.66 | -- | -- | -- | -- | 0.9047 | 1.07 | -- | -- | -- | -- | 26.91 | 32.16 | -- | -- | -- | 54.40 | 39.26 | 7.41 | -11.56 | -2.33 | -17.69 | 1.61 |
| Cathay General Bancorp | 1.29bn | 329.55m | 2.71bn | 1.25k | 8.24 | 0.9754 | 8.04 | 3.49 | 4.52 | 4.52 | 10.68 | 38.22 | -- | -- | -- | -- | 1.45 | 1.52 | -- | -- | -- | -- | 42.33 | 43.86 | -- | -- | -- | 32.66 | 45.92 | 12.55 | -1.81 | 5.43 | -12.60 | 5.72 |
| WSFS Financial Corporation | 1.01bn | 272.51m | 2.83bn | 2.23k | 10.53 | 1.14 | 9.28 | 2.77 | 4.47 | 4.47 | 16.75 | 41.17 | -- | -- | -- | -- | 1.33 | 1.34 | -- | -- | -- | -- | 26.66 | 26.52 | -- | -- | -- | 14.01 | 38.75 | 27.22 | 21.04 | 14.93 | 3.10 | 7.39 |
| Texas Capital Bancshares Inc | 1.66bn | 159.37m | 2.88bn | 1.99k | 18.70 | 1.01 | 14.23 | 2.71 | 3.30 | 3.30 | 21.96 | 67.48 | -- | -- | -- | -- | 0.6114 | 0.7135 | -- | -- | -- | -- | 16.68 | 21.63 | -- | -- | -- | -- | 42.45 | 6.96 | -45.47 | -9.53 | 16.45 | -- |
| United Community Banks Inc | 1.29bn | 181.32m | 3.03bn | 3.07k | 16.62 | 0.9444 | -- | 3.41 | 1.53 | 1.53 | 7.50 | 27.70 | -- | -- | -- | -- | 0.7058 | 1.13 | -- | -- | -- | -- | 21.10 | 29.14 | -- | -- | -- | 36.59 | 52.14 | 19.86 | -32.80 | 1.86 | 32.70 | 9.67 |
| Fulton Financial Corp | 1.32bn | 267.66m | 3.05bn | 3.40k | 10.41 | 1.06 | 10.14 | 2.83 | 1.61 | 1.61 | 6.51 | 17.01 | -- | -- | -- | -- | 1.02 | 1.00 | -- | -- | -- | -- | 25.76 | 26.27 | -- | -- | -- | 41.14 | 47.22 | 10.91 | -0.976 | 5.63 | -3.74 | 5.70 |
Data as of Jul 03 2024. Currency figures normalised to Eastern Bankshares Inc's reporting currency: US Dollar USD
40.32%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Mar 2024 | 15.99m | 9.05% |
| T. Rowe Price Investment Management, Inc.as of 31 Mar 2024 | 11.77m | 6.66% |
| BlackRock Fund Advisorsas of 31 Mar 2024 | 11.09m | 6.28% |
| Fidelity Management & Research Co. LLCas of 31 Mar 2024 | 9.68m | 5.48% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 5.18m | 2.93% |
| Janus Henderson Investors US LLCas of 31 Mar 2024 | 3.72m | 2.11% |
| Geode Capital Management LLCas of 31 Mar 2024 | 3.58m | 2.03% |
| Dimensional Fund Advisors LPas of 31 Mar 2024 | 3.58m | 2.03% |
| Wellington Management Co. LLPas of 31 Mar 2024 | 3.33m | 1.89% |
| Brown Advisory LLCas of 31 Mar 2024 | 3.29m | 1.87% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
