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Income Statement
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Eastern Bankshares, Inc. (EBC)

Balance Sheet

Standardized | As Reported Annual | Quarterly
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1/A
ASSETS       
Cash and due from banks  106.0144.6116.6135.5 
Short-term investments  7,230.99,598.41,937.5227.1 
    Cash and cash equivalents  7,506.410,974.82,054.1362.6 
    Total securities  7,167.48,511.2   
Loans held for sale  4.51.21.10.0 
   
Loans:       
    Total loans  13,575.512,281.59,730.58,987.0 
    Allowance for loan losses  -142.2-97.8   
        Net loans  13,420.312,157.39,594.08,899.2 
Federal Home Loan Bank stock, at cost  41.410.98.89.018.0
Premises and equipment  125.3146.898.1114.0 
Bank-owned life insurance  160.8157.178.677.5 
Goodwill and other intangibles, net  661.1649.7376.5377.7 
Deferred income taxes, net  331.676.513.228.2 
Prepaid expenses  165.9179.3148.761.3 
Other assets  461.6456.1456.0246.5 
    Total assets  22,646.923,512.115,964.211,628.8 
   
LIABILITIES AND EQUITY       
Deposits:       
    Demand  6,240.67,020.94,910.83,517.4 
    Interest checking accounts  4,568.14,478.62,380.51,814.3 
    Savings accounts  1,831.12,077.51,256.7971.1 
    Money market investment  4,710.15,525.03,348.92,919.4 
    Certificates of deposit  3,200.0526.4258.9329.1 
        Total deposits  18,974.419,628.312,155.89,551.4 
   
Borrowed funds:       
    Short-term Federal Home Loan Bank advances  691.30.0   
    Escrow deposits of borrowers  22.320.313.415.3 
    Interest rate swap collateral funds  14.4    
    Long-term Federal Home Loan Bank advances  12.814.0   
   
        Total borrowed funds       
Other liabilities  459.9443.2352.3241.8 
    Total liabilities  20,175.120,105.812,536.110,028.6 
   
Commitments and contingencies (see footnote 13)       
Shareholders’ equity       
Common shares  1.81.91.9  
Additional paid in capital  1,649.11,835.21,854.1  
Unallocated common shares held by the Employee Stock Ownership Plan  -137.7-142.7-147.7  
Retained earnings  1,881.81,768.71,665.61,644.0 
Accumulated other comprehensive income, net of tax  -923.2-56.754.2-43.8 
    Total shareholders’ equity  2,471.83,406.43,428.11,600.2 
    Total liabilities and shareholders’ equity  22,646.923,512.115,964.211,628.8 

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