Eastern Bankshares, Inc. (EBC) — Financial statements
Income statement, balance sheet, and cash flow for Eastern Bankshares, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,056↓1.4% | 1,071↑91.6% | 559↓18.1% | 682↑30.3% | 523 | |
| Cost of Revenue | 357↓12.2% | 407↑52.8% | 266↑383.4% | 55↑1364.4% | -4 | |
| Gross Profit | 699↑5.3% | 664↑127.0% | 293↓53.3% | 627↑18.8% | 528 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 347↑9.6% | 316↑15.0% | 275↑14.9% | 239↑3.2% | 232 | |
| Selling & Marketing Expenses | 7↓12.7% | 8↑3.1% | 8↓18.3% | 9↑9.3% | 9 | |
| SG&A Expenses | 353↑9.1% | 324↑14.7% | 283↑13.6% | 249↑3.4% | 240 | |
| Other Expenses | 241↑30.9% | 184↑35.4% | 136↓2.8% | 140↑25.6% | 111 | |
| Operating Expenses | 595↑17.0% | 508↑21.4% | 419↑7.7% | 389↑10.5% | 352 | |
| Total Costs & Expenses | 952↑4.0% | 915↑33.6% | 685↑54.3% | 444↑27.7% | 347 | |
| Operating Results | ||||||
| Operating Income | 104↓32.9% | 156↑223.6% | -126↓152.9% | 238↑35.4% | 176 | |
| Depreciation & Amortization | 53↑37.2% | 38↑62.3% | 24↑1.0% | 23↑2.3% | 23 | |
| EBITDA | 157↓19.1% | 194↑289.7% | -102↓139.1% | 262↑31.6% | 199 | |
| EBIT | 104↓32.9% | 156↑223.6% | -126↓152.9% | 238↑35.4% | 176 | |
| Interest & Other Income | ||||||
| Net Interest Income | 829↑36.4% | 608↑10.4% | 550↓3.1% | 568↑32.2% | 430 | |
| Interest Income | 1,164↑23.0% | 947↑18.9% | 796↑31.6% | 605↑39.1% | 435 | |
| Interest Expense | 336↓1.0% | 339↑37.8% | 246↑562.7% | 37↑596.3% | 5 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -5 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 100↓36.1% | 156↑223.6% | -126↓152.9% | 238↑35.4% | 176 | |
| Income Tax Expense | 11↓68.7% | 36↑157.2% | -63↓222.4% | 52↑69.8% | 30 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 88↓26.2% | 120↑290.7% | -63↓133.6% | 187↑28.2% | 146 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 295↑2125.7% | 13↑45.0% | 9 | |
| Net Income | 88↓26.2% | 120↓48.5% | 232↑16.2% | 200↑29.2% | 155 | |
| Bottom-Line Net Income | 88↓26.2% | 120↓48.5% | 232↑16.2% | 200↑29.2% | 155 | |
| EPS (Basic) | 0.40↓39.4% | 0.66↓53.8% | 1.43↑18.2% | 1.21↑34.4% | 0.90 | |
| EPS (Diluted) | 0.40↓39.4% | 0.66↓53.8% | 1.43↑18.2% | 1.21↑34.4% | 0.90 | |
| Weighted Average Shares | 215↑18.8% | 181↑11.6% | 162↓1.9% | 166↓3.9% | 172 | |
| Weighted Average Diluted Shares | 216↑18.8% | 182↑12.2% | 162↓2.0% | 166↓3.8% | 172 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.