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About the company
Eastern Bankshares, Inc. is a bank holding company for Eastern Bank (the Bank). Through the Bank and its wholly owned subsidiary, Eastern Insurance Group LLC, the Company provides a range of banking, trust and investment and insurance services. The Company's segments include banking and insurance agencies. Its diversified products and services include lending, deposit, wealth management and insurance products. The Bank offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Its lending focuses on the loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans. Its primary market consists of the greater Boston area, specifically eastern and central Massachusetts, southern New Hampshire, including the seacoast region and northern Rhode Island.
- Revenue in USD (TTM)500.70m
- Net income in USD174.88m
- Incorporated2020
- Employees1.89k
- LocationEastern Bankshares Inc265 Franklin StreetBOSTON 02110United StatesUSA
- Phone+1 (617) 897-1100
- Websitehttps://investor.easternbank.com/home/default.aspx
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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FB Financial Corp | 399.23m | 148.70m | 1.85bn | 1.96k | 12.70 | 1.40 | 11.42 | 3.33 | 3.11 | 3.11 | 11.64 | 28.15 | -- | -- | -- | -- | 1.23 | 1.32 | -- | -- | -- | -- | 26.78 | 21.76 | -- | -- | -- | 11.28 | 22.36 | 26.15 | 199.09 | 36.21 | 4.99 | -- |
| Flagstar Bancorp Inc | 791.00m | 350.00m | 1.86bn | 5.04k | 5.35 | 0.6919 | -- | 1.25 | 6.53 | 6.53 | 27.86 | 50.50 | -- | -- | -- | -- | 1.35 | 1.48 | -- | -- | -- | -- | 23.44 | 23.97 | -- | -- | -- | 2.04 | -1.10 | 14.20 | -0.9294 | 28.35 | -8.69 | -- |
| Axos Financial Inc | 659.73m | 240.72m | 2.21bn | 1.34k | 9.22 | 1.34 | 8.32 | 3.00 | 3.99 | 3.99 | 12.21 | 27.48 | -- | -- | -- | -- | 1.52 | 1.55 | -- | -- | -- | -- | 32.68 | 33.26 | -- | -- | -- | -- | 6.78 | 11.24 | 11.69 | 12.36 | 19.68 | -- |
| Silvergate Capital Corp | 198.84m | 102.48m | 2.34bn | 279.00 | 21.41 | 1.64 | 22.21 | 9.73 | 3.46 | 3.46 | 8.18 | 44.98 | -- | -- | -- | -- | 0.7866 | 0.7988 | -- | -- | -- | -- | 46.07 | 33.78 | -- | -- | -- | 0.00 | 63.83 | 25.71 | 190.01 | 60.81 | 26.47 | -- |
| Columbia Financial Inc | 276.45m | 87.68m | 2.37bn | 645.00 | 25.52 | 2.22 | 24.75 | 8.53 | 0.8417 | 0.8417 | 2.67 | 9.68 | -- | -- | -- | -- | 0.9318 | -- | -- | -- | -- | -- | 31.53 | -- | -- | -- | -- | -- | -8.64 | -- | 59.80 | -- | -- | -- |
| Independent Bank Group Inc | 581.55m | 207.90m | 2.70bn | 1.54k | 13.34 | 1.14 | 11.49 | 4.58 | 4.91 | 4.91 | 13.92 | 57.45 | -- | -- | -- | -- | 1.15 | 1.30 | -- | -- | -- | -- | 35.58 | 33.88 | -- | -- | -- | 20.89 | -4.57 | 22.67 | 11.59 | 33.42 | 63.33 | 31.17 |
| BankUnited Inc | 975.16m | 339.78m | 2.76bn | 1.47k | 8.94 | 1.10 | 6.50 | 2.96 | 3.96 | 3.96 | 10.95 | 32.15 | -- | -- | -- | -- | 0.9553 | 1.15 | -- | -- | -- | -- | 36.95 | 37.19 | -- | -- | -- | 24.30 | -10.13 | -1.96 | 116.43 | 13.52 | -12.98 | 1.84 |
| WSFS Financial Corporation | 526.34m | 175.24m | 3.07bn | 1.84k | 14.56 | 1.33 | 14.25 | 4.23 | 3.32 | 3.32 | 12.92 | 36.41 | -- | -- | -- | -- | 0.9845 | 1.40 | -- | -- | -- | -- | 24.20 | 27.26 | -- | -- | -- | 12.82 | -11.28 | 16.08 | 140.06 | 33.47 | -7.81 | 15.33 |
| Eastern Bankshares Inc | 500.70m | 174.88m | 3.63bn | 1.89k | 19.80 | 1.34 | 19.12 | 5.41 | 1.03 | 1.03 | 3.94 | 15.17 | -- | -- | -- | -- | 0.8878 | -- | -- | -- | -- | -- | 26.04 | -- | -- | -- | -- | -- | 5.28 | -- | 580.21 | -- | -- | -- |
| TFS Financial Corporation | 382.40m | 64.67m | 3.80bn | 1.01k | 58.33 | 2.09 | 41.99 | 13.69 | 0.232 | 0.232 | 0.995 | 6.46 | -- | -- | -- | -- | 0.4463 | 0.6036 | -- | -- | -- | -- | 23.85 | 28.95 | -- | -- | -- | 54.54 | -14.48 | 0.0468 | -2.80 | -0.0854 | -31.89 | 21.44 |
| New York Community Bancorp, Inc. | 1.74bn | 584.00m | 4.15bn | 2.82k | 7.10 | 0.6572 | 6.80 | 2.98 | 1.26 | 1.26 | 3.00 | 14.64 | -- | -- | -- | -- | 1.04 | 0.8599 | -- | -- | -- | -- | 44.84 | 37.87 | -- | -- | -- | 76.91 | -1.11 | 0.1682 | 37.60 | 2.49 | -45.63 | 0.00 |
| First Interstate Bancsystem Inc | 686.20m | 128.90m | 4.43bn | 2.36k | 22.83 | 1.37 | 24.83 | 5.26 | 1.82 | 1.82 | 10.35 | 30.36 | -- | -- | -- | -- | 0.5055 | 1.11 | -- | -- | -- | -- | 15.31 | 26.59 | -- | -- | -- | 52.84 | -3.46 | 11.19 | 19.17 | 14.97 | -2.81 | 13.26 |
| ServisFirst Bancshares, Inc. | 452.93m | 225.94m | 4.44bn | 502.00 | 19.72 | 3.67 | 19.29 | 9.82 | 4.15 | 4.15 | 8.30 | 22.31 | -- | -- | -- | -- | 1.63 | 1.62 | -- | -- | -- | -- | 49.96 | 46.71 | -- | -- | -- | 20.23 | 7.01 | 14.35 | 22.52 | 20.59 | -15.71 | 38.99 |
| Home Bancshares Inc | 669.96m | 229.22m | 4.72bn | 1.99k | 16.76 | 1.35 | 18.55 | 6.30 | 1.37 | 1.37 | 4.29 | 17.04 | -- | -- | -- | -- | 1.09 | 1.72 | -- | -- | -- | -- | 30.56 | 39.41 | -- | -- | -- | 31.32 | -7.51 | 7.45 | 48.76 | 12.49 | 27.25 | 10.33 |
Data as of Sep 23 2022. Currency figures normalised to Eastern Bankshares Inc's reporting currency: US Dollar USD
31.01%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 30 Jun 2022 | 15.24m | 8.55% |
| BlackRock Fund Advisorsas of 30 Jun 2022 | 9.94m | 5.58% |
| Fidelity Management & Research Co. LLCas of 30 Jun 2022 | 6.35m | 3.56% |
| SSgA Funds Management, Inc.as of 30 Jun 2022 | 5.36m | 3.01% |
| Wellington Management Co. LLPas of 30 Jun 2022 | 4.09m | 2.29% |
| Brown Advisory LLCas of 30 Jun 2022 | 3.19m | 1.79% |
| Geode Capital Management LLCas of 30 Jun 2022 | 2.99m | 1.68% |
| Capital Research & Management Co. (Global Investors)as of 30 Jun 2022 | 2.90m | 1.62% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 30 Jun 2022 | 2.80m | 1.57% |
| Goldman Sachs Asset Management LPas of 30 Jun 2022 | 2.45m | 1.37% |
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Data from 30 Jun 2022 - 30 Jun 2022Source: FactSet Research Systems Inc.
