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Income Statement
Balance Sheet
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Common Size IS
Op Efficiency
Credit Analysis

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  474.3420.7368.5267.3336.6320.3307.5360.1
       582.8521.9464.5339.7426.0390.8360.4415.0
        Interest on deposits  129.576.436.835.022.820.818.53.8
    Total interest expense  155.598.451.249.730.728.726.44.0
Net interest income  464.6460.8450.6328.2396.2363.0335.0411.0
Provision for loan losses         -0.6
Net interest income after provision for loan losses  464.6460.8450.6328.2397.6364.5336.5411.6
        Deposit and loan fees  20.721.723.816.522.419.716.623.1
        Other non-interest income  -199.5-212.5110.268.4104.7111.1123.1170.7
Total non-interest income  -178.8-190.8134.085.0127.0130.9139.7193.8
Non-interest expenses  386.6376.1368.7225.1308.1304.3289.5499.5
Pre-tax income  -160.6-159.4163.1131.0200.8179.7175.3109.7
Income taxes  -45.0-46.330.633.153.348.648.134.2
            Tax rate  28.0%29.0%18.8%25.3%26.6%27.0%27.4%31.2%
Earnings from continuing ops  -103.2-100.7145.0102.7139.8123.5119.675.5
Earnings from discontinued ops     -5.3  7.2 
Net income  -103.2-100.7145.0102.7139.8123.5119.675.5
            Net margin  -28.0%-27.5%39.6%56.2%50.4%45.2%44.6%19.7%
   
Basic EPS  ($0.85)($0.82)$1.16$1.22$1.10$0.96$0.93$0.44
Diluted EPS  ($0.85)($0.82)$1.16$1.22$1.10$0.96$0.93$0.44
   
Shares outstanding (basic)  121.7122.8124.8 127.2128.6 172.1
Shares outstanding (diluted)  121.7122.8124.8 127.2128.6 172.1
   
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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