Eastern Bankshares, Inc. (EBC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
125 HIGH STREET, STE 901 BOSTON, MA 02110 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6035 - Savings Institutions, Federally Chartered (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 889,476 | 750,848 | 739,018 | 693,076 | 608,808 | 873,502 | |||
| Cash and cash equivalent | 98,299 | 72,890 | 71,492 | 87,233 | 72,689 | 105,066 | |||
| Short-term investments | 791,177 | 677,958 | 667,526 | 605,843 | 536,119 | 768,436 | |||
| Debt securities, held-to-maturity, accrued interest, after allowance for credit loss | ✕ | ✕ | ✕ | 900 | 900 | 1,000 | 1,000 | ||
| Total current assets: | 889,476 | 750,848 | 739,918 | 693,976 | 609,808 | 874,502 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 68,990 | 48,020 | 49,885 | 50,641 | 52,727 | 46,909 | |||
| Property, plant and equipment | 78,776 | 60,910 | 59,790 | 60,133 | 59,033 | 59,501 | |||
| Intangible assets, net (including goodwill), including: | 1,057,509 | 565,196 | 565,701 | 566,205 | 566,709 | 658,993 | |||
| Goodwill | 914,957 | 557,635 | 557,635 | 640,222 | |||||
| Intangible assets, net (excluding goodwill) | 8,570 | 18,771 | |||||||
| Other undisclosed intangible assets, net (including goodwill) | 142,552 | 565,196 | 565,701 | 9,074 | |||||
| Deferred income tax assets | 319,206 | 276,064 | 272,344 | 266,185 | 416,081 | 351,054 | |||
| Investment, proportional amortization method, elected, amount | 224,166 | 220,864 | 225,565 | 221,190 | 224,445 | 212,689 | |||
| Total noncurrent assets: | 1,748,647 | 1,171,054 | 1,173,285 | 1,164,354 | 1,318,995 | 1,329,146 | |||
| Other undisclosed assets | 22,869,064 | 19,122,267 | 19,261,601 | 19,274,948 | 19,217,489 | 19,379,845 | |||
| TOTAL ASSETS: | 25,507,187 | 21,044,169 | 21,174,804 | 21,133,278 | 21,146,292 | 21,583,493 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,495 | 656,336 | 301,295 | ||||||
| Total current liabilities: | 2,495 | 656,336 | 301,295 | ||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 108,642 | 130,783 | 146,354 | 181,194 | 159,230 | 154,468 | |||
| Deferred income tax liabilities | 31,987 | ||||||||
| Investment program, proportional amortization method, elected, commitment | 108,642 | 130,783 | 146,354 | 149,207 | 159,230 | 154,468 | |||
| Total noncurrent liabilities: | 108,642 | 130,783 | 146,354 | 181,194 | 159,230 | 154,468 | |||
| Other undisclosed liabilities | 21,727,407 | 17,945,913 | 18,075,619 | 17,974,734 | 17,884,173 | 18,600,958 | |||
| Total liabilities: | 21,836,049 | 18,076,696 | 18,221,973 | 18,158,423 | 18,699,739 | 19,056,721 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,671,138 | 2,967,473 | 2,952,831 | 2,974,855 | 2,446,553 | 2,526,772 | |||
| Common stock | 2,150 | 1,770 | 1,769 | 1,767 | 1,766 | 1,766 | |||
| Additional paid in capital | 2,246,134 | 1,673,722 | 1,669,133 | 1,666,441 | 1,661,136 | 1,656,750 | |||
| Accumulated other comprehensive loss | (496,111) | (654,290) | (654,874) | (608,352) | (829,582) | (700,982) | |||
| Retained earnings | 2,048,042 | 2,076,566 | 2,068,315 | 2,047,754 | 1,747,225 | 1,704,470 | |||
| Unearned esop shares | (129,077) | (130,295) | (131,512) | (132,755) | (133,992) | (135,232) | |||
| Total equity: | 3,671,138 | 2,967,473 | 2,952,831 | 2,974,855 | 2,446,553 | 2,526,772 | |||
| TOTAL LIABILITIES AND EQUITY: | 25,507,187 | 21,044,169 | 21,174,804 | 21,133,278 | 21,146,292 | 21,583,493 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30,117 | 28,880 | 20,425 | 261,371 | 19,574 | 47,403 | ||
| Loss on disposition of assets for financial service operations | (385) | (7,709) | (58) | (164) | (50) | |||
| Revenues, excluding interest and dividends | 27,609 | |||||||
| Gross profit: | 30,117 | 28,880 | 20,425 | 261,371 | 19,574 | 47,403 | ||
| Operating expenses | (50,742) | (34,763) | (31,224) | (33,254) | (31,478) | (31,040) | ||
| Operating income (loss): | (20,625) | (5,883) | (10,799) | 228,117 | (11,904) | 16,363 | ||
| Interest and debt expense | (72,711) | (70,339) | (64,963) | (60,177) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (20,625) | (5,883) | (83,510) | 157,778 | (76,867) | (43,814) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 17,272 | 43,885 | 132,449 | (123,959) | 124,153 | 110,084 | ||
| Income (loss) from continuing operations before income taxes: | (3,353) | 38,002 | 48,939 | 33,819 | 47,286 | 66,270 | ||
| Income tax expense (benefit) | (2,835) | (11,671) | (10,292) | (2,310) | 16,178 | (17,613) | ||
| Net income (loss): | (6,188) | 26,331 | 38,647 | 31,509 | 63,464 | 48,657 | ||
| Other undisclosed net income (loss) attributable to parent | 286,994 | (4,351) | ||||||
| Net income (loss) available to common stockholders, diluted: | (6,188) | 26,331 | 38,647 | 318,503 | 59,113 | 48,657 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6,188) | 26,331 | 38,647 | 31,509 | 63,464 | 48,657 | ||
| Other comprehensive income (loss) | (46,522) | 221,230 | ||||||
| Comprehensive income (loss): | (6,188) | 26,331 | (7,875) | 252,739 | 63,464 | 48,657 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 158,179 | 584 | 286,994 | (132,951) | (91,118) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 151,991 | 26,915 | (7,875) | 539,733 | (69,487) | (42,461) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.