EBC Q1 2022 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q1 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$176M+13.9% YoY

Gross Profit

$173M98.4% margin

Operating Income

$66M37.6% margin

Net Income

$52M29.3% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$68M

Free Cash Flow

$65M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$22.8B

Total Liabilities

$19.8B

Stockholders' Equity

$3.0B

Cash & Equivalents

$830M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$176M	$154M	+13.9%
Gross Profit	$173M	$154M	+12.4%
Operating Income	$66M	$62M	+7.0%
Net Income	$52M	$48M	+8.1%

Revenue Segments

Insurance Commissions

$29M59%

Service Charge On Deposit Accounts

$9M18%

Trust And Investment Advisory Fees

$6M13%

Debt Card Processing Fees

$3M6%

Other Non-interest Income

$2M5%