Financial Services - Banks - Regional - NASDAQ - US
$ 18.45
-0.593 %
$ 3.96 B
Market Cap
34.81
P/E
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans.[ Read More ]
The intrinsic value of one EBC stock under the base case scenario is HIDDEN Compared to the current market price of 18.4 USD, Eastern Bankshares, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart EBC
FINANCIALS
308 M
REVENUE
-71.3 M
OPERATING INCOME
-62.7 M
NET INCOME
262 M
OPERATING CASH FLOW
2.4 B
INVESTING CASH FLOW
-2.14 B
FINANCING CASH FLOW
299 M
REVENUE
-6.19 M
OPERATING INCOME
-6.19 M
NET INCOME
107 M
OPERATING CASH FLOW
1.03 B
INVESTING CASH FLOW
-994 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Eastern Bankshares, Inc.
| Current Assets | 876 M |
| Cash & Short-Term Investments | 693 M |
| Receivables | 0 |
| Other Current Assets | 183 M |
| Non-Current Assets | 25.5 B |
| Long-Term Investments | 4.86 B |
| PP&E | 60.1 M |
| Other Non-Current Assets | 20.6 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 95 K |
| Other Current Liabilities | -95 K |
| Non-Current Liabilities | 18.2 B |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 18.2 B |
EFFICIENCY
Earnings Waterfall
Eastern Bankshares, Inc.
| Revenue | 308 M |
| Cost Of Revenue | 0 |
| Gross Profit | 308 M |
| Operating Expenses | 308 M |
| Operating Income | -71.3 M |
| Other Expenses | -8.58 M |
| Net Income | -62.7 M |
RATIOS
100.00%
GROSS MARGIN
-23.12%
OPERATING MARGIN
75.34%
NET MARGIN
7.80%
ROE
1.10%
ROA
-1.19%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Eastern Bankshares, Inc.
| Net Income | -62.7 M |
| Depreciation & Amortization | 23.6 M |
| Capital Expenditures | -8.14 M |
| Stock-Based Compensation | 23.2 M |
| Change in Working Capital | 32.3 M |
| Others | 296 M |
| Free Cash Flow | 254 M |
Wall Street Analysts Price Targets
Eastern Bankshares, Inc.
EBC has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.69%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Eastern Bankshares, Inc.
Sold
0-3 MONTHS
211 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
792 K USD 3
9-12 MONTHS
571 K USD 2
Bought
78.2 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 04, 2024
|
Sell 211 K USD
|
Miller Quincy Lee
President |
- 12676
|
16.66 USD |
|
2 months ago
Aug 21, 2024
|
Bought 78.2 K USD
|
Palandjian Leon Aghababai
Director |
+ 5000
|
15.64 USD |
|
6 months ago
May 15, 2024
|
Sell 67.3 K USD
|
Borgen Luis
Director |
- 4782
|
14.07 USD |
|
6 months ago
May 15, 2024
|
Sell 26.9 K USD
|
Harlam Bari A
Director |
- 1913
|
14.07 USD |
|
6 months ago
May 15, 2024
|
Sell 31 K USD
|
Jackson Deborah C
Director |
- 2200
|
14.07 USD |
|
8 months ago
Mar 18, 2024
|
Sell 527 K USD
|
Borgen Luis
Director |
- 40288
|
13.08 USD |
|
8 months ago
Mar 18, 2024
|
Sell 74.7 K USD
|
Jackson Deborah C
Director |
- 5713
|
13.08 USD |
|
8 months ago
Mar 18, 2024
|
Sell 65 K USD
|
Harlam Bari A
Director |
- 4968
|
13.08 USD |
|
1 year ago
Aug 17, 2023
|
Sell 556 K USD
|
Buscone Gregory Paul
See Remarks |
- 40852
|
13.6 USD |
|
11 months ago
Dec 01, 2023
|
Sell 179 K USD
|
Stager Nancy Huntington
Executive VP |
- 14756
|
12.1 USD |
|
11 months ago
Dec 01, 2023
|
Sell 44.6 K USD
|
Stager Nancy Huntington
Executive VP |
- 3709
|
12.02 USD |
|
1 year ago
Nov 17, 2023
|
Sell 126 K USD
|
Miller Quincy Lee
President |
- 10045
|
12.5 USD |
|
1 year ago
Nov 14, 2023
|
Sell 178 K USD
|
Stager Nancy Huntington
Executive VP |
- 14756
|
12.08 USD |
|
1 year ago
Nov 14, 2023
|
Sell 44.5 K USD
|
Stager Nancy Huntington
Executive VP |
- 3709
|
12 USD |
|
1 year ago
Oct 12, 2023
|
Sell 178 K USD
|
Stager Nancy Huntington
Executive VP |
- 14756
|
12.07 USD |
|
1 year ago
Oct 12, 2023
|
Sell 44.8 K USD
|
Stager Nancy Huntington
Executive VP |
- 3709
|
12.09 USD |
|
1 year ago
May 15, 2023
|
Sell 14.8 K USD
|
Jackson Deborah C
Director |
- 1320
|
11.21 USD |
|
1 year ago
May 15, 2023
|
Sell 12.9 K USD
|
Harlam Bari A
Director |
- 1150
|
11.21 USD |
|
1 year ago
Nov 30, 2022
|
Sell 239 K USD
|
Borgen Luis
Director |
- 12419
|
19.21 USD |
|
1 year ago
Nov 30, 2022
|
Sell 96 K USD
|
Harlam Bari A
Director |
- 5000
|
19.21 USD |
|
1 year ago
Nov 30, 2022
|
Sell 110 K USD
|
Jackson Deborah C
Director |
- 5713
|
19.21 USD |
|
2 years ago
Nov 11, 2022
|
Sell 47 K USD
|
Shell Greg Allen Sr.
Director |
- 2500
|
18.82 USD |
|
2 years ago
Sep 09, 2022
|
Sell 483 K USD
|
Shell Greg Allen Sr.
director: |
- 24000
|
20.1044 USD |
|
2 years ago
Aug 03, 2022
|
Sell 583 K USD
|
Borgen Luis
director: |
- 28730
|
20.2843 USD |
|
2 years ago
May 04, 2022
|
Sell 783 K USD
|
Shell Greg Allen Sr.
director: |
- 40000
|
19.5672 USD |
|
2 years ago
Mar 14, 2022
|
Sell 940 K USD
|
Borgen Luis
director: |
- 46270
|
20.3051 USD |
|
2 years ago
Dec 16, 2021
|
Sell 365 K USD
|
Harlam Bari A
Director |
- 17500
|
20.8291 USD |
|
3 years ago
Oct 15, 2021
|
Sell 580 K USD
|
Shell Greg Allen Sr.
Director |
- 27500
|
21.0904 USD |
|
4 years ago
Oct 14, 2020
|
Bought 360 K USD
|
Koegel John Francis
CEO, Eastern Insurance Group |
+ 36000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 140 K USD
|
Koegel John Francis
CEO, Eastern Insurance Group |
+ 14000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 420 K USD
|
Heinemann Barbara Jane
Executive VP |
+ 42000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 400 K USD
|
Heinemann Barbara Jane
Executive VP |
+ 40000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 200 K USD
|
Heinemann Barbara Jane
Executive VP |
+ 20000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 554 K USD
|
Stager Nancy Huntington
Chief HR Officer |
+ 55395
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 50 K USD
|
Stager Nancy Huntington
Chief HR Officer |
+ 5000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 25 K USD
|
Lopez Antonio
|
+ 2500
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 200 K USD
|
Westermann Donald Michael
Chief Information Officer |
+ 20000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 650 K USD
|
Sullivan Daniel J
Chief Credit Officer |
+ 65000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 350 K USD
|
Sullivan Daniel J
Chief Credit Officer |
+ 35000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 832 K USD
|
Miller Quincy Lee
President |
+ 83240
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 12.8 K USD
|
Miller Quincy Lee
President |
+ 1280
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 1 M USD
|
Miller Jan Allan
Chief Cml Banking Officer |
+ 100000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 360 K USD
|
Koegel John Francis
CEO, Eastern Insurance Group |
+ 36000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 140 K USD
|
Koegel John Francis
CEO, Eastern Insurance Group |
+ 14000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 200 K USD
|
Henry Kathleen Cloherty
Executive VP, General Counsel |
+ 20000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 1.32 M USD
|
Fitzgerald James Burke
Chief Financial Officer |
+ 132231
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 178 K USD
|
Fitzgerald James Burke
Chief Financial Officer |
+ 17769
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 135 K USD
|
Antonakes Steven Louis
Executive VP |
+ 13500
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 68.7 K USD
|
Antonakes Steven Louis
Executive VP |
+ 6869
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 250 K USD
|
Alexander Paul Garvin
Chief Mkt & Comms Officer |
+ 25000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 200 K USD
|
Ahlquist David Andrew
SVP, Chief Accounting Officer |
+ 20000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 100 K USD
|
Ahlquist David Andrew
SVP, Chief Accounting Officer |
+ 10000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 500 K USD
|
Spiess Paul Davis
Director |
+ 50000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 2 M USD
|
Shell Greg Allen Sr.
Director |
+ 200000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 1 M USD
|
Markell Peter Kenneth
Director |
+ 100000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 400 K USD
|
Hessan Diane
Director |
+ 40000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 20 K USD
|
Hessan Diane
Director |
+ 2000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 300 K USD
|
Harlam Bari A
Director |
+ 30000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 125 K USD
|
Connolly Paul Martin
Director |
+ 12500
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 500 K USD
|
CHUNG JOSEPH
Director |
+ 50000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 537 K USD
|
Borgen Luis
Director |
+ 53730
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 463 K USD
|
Borgen Luis
Director |
+ 46270
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 1.2 M USD
|
Bane Richard Corey
Director |
+ 120000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 190 K USD
|
Jackson Deborah C
Director |
+ 19000
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 135 K USD
|
Jackson Deborah C
Director |
+ 13500
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 1.96 M USD
|
Holbrook Richard Edward
Director |
+ 196500
|
10 USD |
|
4 years ago
Oct 14, 2020
|
Bought 2 M USD
|
Rivers Robert Francis
Chair and CEO |
+ 200000
|
10 USD |
7. News
New Strong Sell Stocks for October 28th
MURGY, DOV and EBC have been added to the Zacks Rank #5 (Strong Sell) List on October 28, 2024.
zacks.com
- 2 weeks ago
Eastern Bankshares, Inc. (EBC) Q3 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Bob Rivers - Executive Chair & Chair of the Board Denis Sheahan - Chief Executive Officer David Rosato - Chief Financial Officer & Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc. Third Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements including statements about Eastern's future financial and operating results, outlook, business strategies and plans as well as other opportunities and potential risk debt management foresees.
seekingalpha.com
- 3 weeks ago
Eastern Bankshares (EBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
Eastern Bankshares, Inc. (EBC) Q3 Earnings and Revenues Miss Estimates
Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.32 per share a year ago.
zacks.com
- 3 weeks ago
Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results.
businesswire.com
- 3 weeks ago
Unveiling Eastern Bankshares (EBC) Q3 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Eastern Bankshares (EBC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
zacks.com
- 3 weeks ago
Eastern Bankshares, Inc. (EBC) Earnings Expected to Grow: Should You Buy?
Eastern Bankshares (EBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Eastern Bankshares, Inc. Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast.
businesswire.com
- 1 month ago
Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value
Shares of Boston-based Eastern Bank have done well since my opening piece late last year, modestly outperforming peers with a ~40% total return. Earnings are still under pressure here from rising funding costs and Eastern's balance sheet positioning, though lower rates and the recently completed Cambridge deal offer strong near-term upside. These shares trade for 11.5x 2025 consensus EPS. Eastern's Boston-heavy footprint makes for a fine standalone investment case, while its excellent funding profile offers investors M&A optionality on top.
seekingalpha.com
- 1 month ago
Eastern Bank Is Recognized By Disability:IN® as a 2024 Best Place to Work for Disability Inclusion
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has been recognized by Disability:IN as a top-scoring business in the Disability Equality Index® and as a 2024 Best Place to Work for Disability Inclusion. The Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities, and is acknowledged today as the most robust disability inclusion assessment tool in business. “Eastern Bank thanks Disability:IN for its efforts in dri.
businesswire.com
- 3 months ago
Eastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Denis Sheahan - CEO James Fitzgerald - Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc., Second Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements, including statements about Eastern's future financial and operating results, outlook, business strategies, and plans, as well as other opportunities and potential risks that management foresees.
seekingalpha.com
- 3 months ago
Compared to Estimates, Eastern Bankshares (EBC) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 months ago
8. Profile Summary
Eastern Bankshares, Inc. EBC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 3.96 B
Dividend Yield
0.69%
Description
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
Contact
265 Franklin Street, Boston, MA, 02110
https://www.easternbank.com
IPO Date
Oct. 15, 2020
Employees
1744
Officers
Ms. Jillian A. Belliveau
Head of Investor Relations
Mr. Donald Michael Westermann
Executive Vice President & Chief Information Officer
Ms. Kathleen Cloherty Henry Esq.
Executive Vice President, General Counsel & Corporate Secretary
Mr. Andrew J. Ravens
Corporate Communications Manager
Ms. Danielle Remis Hackel
Executive Vice President & Chief Marketing Officer
Ms. Barbara Jane Heinemann
Executive Vice President of Consumer Banking
Mr. Robert F. Rivers
Executive Chairman of the Board
Ms. Sujata Yadav
Executive Vice President & Chief Product Officer
Mr. Denis K. Sheahan
Chief Executive Officer & Director
Mr. Quincy L. Miller
President & Chief Operating Officer