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Earnings transcript
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EBC
Eastern Bankshares, Inc.
$19.85
0.07
(0.35%)
| Exchange: | NASDAQ |
| Market Cap: | 4.465B |
| Shares Outstanding: | 210.085M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Denis K. Sheahan | |||||
| Full Time Employees: | 1998 | |||||
| Address: |
| |||||
| Website: | https://www.easternbank.com |
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 558,706 | 1,070,683 | 1,056,203 |
| Gross Profit | 292,604 | 664,134 | 699,220 |
| EBITDA | -102,355 | 194,143 | 157,113 |
| Operating Income | -125,998 | 155,766 | 104,448 |
| Net Income | 232,177 | 119,561 | 88,211 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 21,133,278 | 25,557,880 | 30,586,900 |
| Total Liabilities | 18,158,423 | 21,945,913 | 26,246,300 |
| Total Stockholders Equity | 2,974,855 | 3,611,967 | 4,340,500 |
| Total Debt | 39,716 | 45,310 | 214,900 |
| Cash and Cash Equivalents | 693,076 | 1,006,880 | 126,100 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 261,692 | 283,836 | 4,644 |
| Capital Expenditure | -8,140 | -13,539 | 0 |
| Free Cash Flow | 253,552 | 270,297 | 4,644 |
| Net Income | -62,689 | 119,561 | 88,219 |
| Net Change in Cash | 523,571 | 313,804 | 10,089 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,412,440.858 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,440,206.324 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,428,327.442 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 257,198.735 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 262,254.694 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 260,091.607 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 550,240.282 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 564,347.398 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 558,312.002 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 555,556.687 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 566,477.704 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 561,805.372 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.580 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.540 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: EBC demonstrates strong revenue generation, as evidenced by consistent growth in reported figures from income statements over recent periods. This performance aligns with positive industry trends within the sector, indicating effective market positioning.
- Solid Free Cash Flow: The company maintains a healthy free cash flow, as per cash flow statements, with significant net cash provided by operating activities. This financial flexibility supports ongoing operations and potential reinvestment in innovation or capital expenditures.
- Favorable Valuation Metrics: EBC's current price-to-earnings (P/E) ratio and forward P/E estimates suggest the stock is reasonably valued compared to industry averages, indicating investor confidence in sustained earnings potential.
- Strong Balance Sheet: High levels of cash and cash equivalents, coupled with manageable debt-to-equity ratios from balance sheet data, provide EBC with a stable financial foundation to weather economic fluctuations.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates EBC intrinsic value between $10.30 – $21.83 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about EBC valuation
Is Eastern Bankshares, Inc. (EBC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Eastern Bankshares, Inc. (EBC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is EBC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether EBC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is EBC’s P/E ratio?
You can see EBC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for EBC?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is EBC a good long-term investment?
Whether EBC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
EBC
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Daily snapshot
0.35
Trading Metrics:
| Open: | 19.53 | Previous Close: | 19.78 | |
| Day Low: | 19.37 | Day High: | 19.89 | |
| Year Low: | 13.51 | Year High: | 22.58 | |
| Price Avg 50: | 20.11 | Price Avg 200: | 18.09 | |
| Volume: | 1.283M | Average Volume: | 2.11M |
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Login — it's freeEBC full analysis
Welcome to MARKETSNAP’s SWOT analysis for Eastern Bankshares, Inc. (ticker EBC)! Today, we’re diving deep into this regional banking player to uncover what makes it tick, where it’s stumbling, and what could shape its future for long-term investors like you. If you’re looking to build wealth over the years, stick around as we break down the strengths, weaknesses, opportunities, and threats surrounding this company. Let’s get started with a quick snapshot of who they are and what’s been happening lately.…
