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Eastern Bankshares, Inc. (EBC)
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| Balance Sheet |
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| Standardized | As Reported |
Annual | Quarterly |
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| | 10-Q | 10-Q | 10-K | 8-K | 10-Q | 10-Q | 10-K | 10-Q |
| ASSETS | | | | | | | | |
| Cash and due from banks | 105.1 | 98.4 | 106.0 | 3.3 | 100.3 | 118.4 | 144.6 | 78.8 |
| Short-term investments | 5,753.8 | 7,210.8 | 7,230.9 | 1,276.0 | 8,294.1 | 9,024.9 | 9,598.4 | 1,173.0 |
| Cash and cash equivalents | 6,732.4 | 9,447.0 | 7,506.4 | 1,287.1 | 8,763.3 | 9,973.7 | 10,974.8 | 1,251.8 |
| Available for sale (amortized cost $5,358,289 and $7,825,435, respectively) | 4,520.3 | | | | | | | |
| Held to maturity (fair value $412,864 and $423,226, respectively) | 465.1 | | | | | | | |
| Total securities | 4,985.4 | 5,171.3 | 7,167.4 | | 8,025.5 | 8,312.7 | 8,511.2 | |
| Loans held for sale | 2.8 | 3.1 | 4.5 | | 0.8 | 1.2 | 1.2 | 1.8 |
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| Loans: | | | | | | | | |
| Total loans | 13,961.9 | 13,675.3 | 13,575.5 | | 12,398.7 | 12,182.2 | 12,281.5 | 9,504.6 |
| Allowance for loan losses | -148.0 | -140.9 | -142.2 | | -125.5 | | -97.8 | |
| Unamortized premiums, net of unearned discounts and deferred fees | -15.2 | -13.6 | | | | | | |
| Net loans | 13,798.7 | 13,520.7 | 13,420.3 | | 12,252.2 | 12,033.6 | 12,157.3 | 9,378.1 |
| Federal Home Loan Bank stock, at cost | 26.9 | 45.2 | 41.4 | 22.8 | 5.7 | 10.9 | 10.9 | 10.6 |
| Premises and equipment | 59.5 | 61.1 | 125.3 | -0.6 | 69.0 | 73.2 | 146.8 | 44.0 |
| Bank-owned life insurance | 162.7 | 161.8 | 160.8 | | 158.9 | 158.0 | 157.1 | 79.3 |
| Goodwill and other intangibles, net | 659.0 | 660.2 | 661.1 | -1.1 | 653.9 | 654.8 | 649.7 | 379.8 |
| Deferred income taxes, net | 351.1 | 314.1 | 331.6 | -10.9 | 244.2 | 183.1 | 76.5 | 34.1 |
| Prepaid expenses | 158.4 | 163.0 | 165.9 | | 188.1 | 188.7 | 179.3 | 148.2 |
| Other assets | 505.5 | 482.3 | 461.6 | 84.9 | 383.7 | 389.4 | 456.1 | 444.3 |
| Total assets | 21,583.5 | 22,720.5 | 22,646.9 | 603.9 | 22,350.8 | 22,836.1 | 23,512.1 | 17,461.2 |
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| LIABILITIES AND EQUITY | | | | | | | | |
| Deposits: | | | | | | | | |
| Demand | 5,346.7 | 5,564.0 | 6,240.6 | | 6,604.2 | 6,788.7 | 7,020.9 | 5,484.1 |
| Interest checking accounts | 4,173.1 | 4,240.8 | 4,568.1 | | 5,348.2 | 4,662.1 | 4,478.6 | 2,693.3 |
| Savings accounts | 1,495.5 | 1,633.8 | 1,831.1 | | 2,015.9 | 2,089.4 | 2,077.5 | 1,444.9 |
| Money market investment | 4,814.4 | 5,135.6 | 4,710.1 | | 4,787.6 | 5,406.2 | 5,525.0 | 3,802.3 |
| Certificates of deposit | 2,351.2 | 1,967.4 | 3,200.0 | | 408.0 | 446.3 | 526.4 | 225.3 |
| Total deposits | 18,181.0 | 18,541.6 | 18,974.4 | 241.0 | 19,163.8 | 19,392.8 | 19,628.3 | 13,650.0 |
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| Borrowed funds: | | | | | | | | |
| Short-term Federal Home Loan Bank advances | 301.3 | 1,088.3 | 691.3 | | | | 0.0 | |
| Escrow deposits of borrowers | 23.0 | 25.7 | 22.3 | | 19.5 | 21.2 | 20.3 | 15.9 |
| Interest rate swap collateral funds | 14.2 | 11.8 | 14.4 | | 10.1 | | | |
| Long-term Federal Home Loan Bank advances | 12.7 | 12.7 | 12.8 | | | | 14.0 | |
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| Total borrowed funds | | | | | | | | |
| Other liabilities | 524.5 | 461.4 | 459.9 | -10.8 | 425.5 | 399.9 | 443.2 | 351.9 |
| Total liabilities | 19,056.7 | 20,141.4 | 20,175.1 | 548.3 | 19,632.5 | 19,827.7 | 20,105.8 | 14,031.9 |
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| Commitments and contingencies (see footnote 13) | | | | | | | | |
| Shareholders’ equity | | | | | | | | |
| Common shares | 1.8 | 1.8 | 1.8 | 0.0 | 1.8 | 1.8 | 1.9 | 1.9 |
| Additional paid in capital | 1,656.8 | 1,651.5 | 1,649.1 | -27.3 | 1,700.5 | 1,777.7 | 1,835.2 | 1,857.2 |
| Unallocated common shares held by the Employee Stock Ownership Plan | -135.2 | -136.5 | -137.7 | | -140.2 | -141.5 | -142.7 | -144.0 |
| Retained earnings | 1,704.5 | 1,672.2 | 1,881.8 | 26.0 | 1,817.5 | 1,783.0 | 1,768.7 | 1,747.3 |
| Accumulated other comprehensive income, net of tax | -701.0 | -609.9 | -923.2 | 55.6 | -661.2 | -412.7 | -56.7 | -33.1 |
| Total shareholders’ equity | 2,526.8 | 2,579.1 | 2,471.8 | 55.6 | 2,718.4 | 3,008.4 | 3,406.4 | 3,429.3 |
| Total liabilities and shareholders’ equity | 21,583.5 | 22,720.5 | 22,646.9 | 603.9 | 22,350.8 | 22,836.1 | 23,512.1 | 17,461.2 |
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