EBC Q1 2021 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$154M+11.6% YoY

Gross Profit

$154M99.7% margin

Operating Income

$62M40.0% margin

Net Income

$48M30.9% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$64M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$16.7B

Total Liabilities

$13.3B

Stockholders' Equity

$3.4B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$154M	$138M	+11.6%
Gross Profit	$154M	$104M	+48.4%
Operating Income	$62M	$10M	+534.7%
Net Income	$48M	$8M	+464.4%

Revenue Segments

Insurance Commissions

$28M64%

Trust And Investment Advisory Fees

$6M13%

Service Charge On Deposit Accounts

$5M12%

Debt Card Processing Fees

$3M6%

Other Non-interest Income

$2M4%