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Income Statement
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Eastern Bankshares, Inc. (EBC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q8-K8-K10-Q10-Q8-K10-Q
    Interest income:  
        Interest income on loans  160.9153.5142.417.5107.2101.441.286.7
       201.8188.9175.017.2140.9131.550.2103.5
        Interest on deposits  56.142.917.512.93.13.315.70.7
    Total interest expense  60.250.625.019.73.13.423.50.8
Net interest income  141.6138.3150.034.7137.8128.127.6102.7
Provision for loan losses         -1.5
Net interest income after provision for loan losses  141.6138.3150.034.7137.8128.127.6104.2
        Deposit and loan fees  7.26.56.80.18.38.5-0.45.9
        Other non-interest income  46.6-284.837.71.033.637.9-4.137.3
Total non-interest income  53.8-278.344.51.241.946.4-4.543.2
Non-interest expenses  121.6116.3132.815.9111.1108.9-10.999.0
Pre-tax income  66.3-256.350.9-21.467.466.218.848.4
Income taxes  17.6-62.28.6-8.916.314.611.111.3
            Tax rate  26.6%24.3%16.9%41.7%24.1%22.1%59.2%23.4%
Earnings from continuing ops  48.7-194.142.30.051.251.50.037.1
Earnings from discontinued ops     -12.5  7.2 
Net income  48.7-194.142.30.051.251.50.037.1
            Net margin  102.6%-394.5%19.3%0.0%113.2%105.8%0.1%25.2%
   
Basic EPS  $0.30($1.20)$0.26 $0.31$0.30 $0.22
Diluted EPS  $0.30($1.20)$0.26 $0.31$0.30 $0.22
   
Shares outstanding (basic)  162.2162.0162.7 166.5169.9 172.3
Shares outstanding (diluted)  162.2162.1162.7 166.6170.0 172.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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