EBC Q1 2023 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

-$122M-169.4% YoY

Gross Profit

-$173M141.4% margin

Operating Income

-$267M219.1% margin

Net Income

-$194M159.0% margin

EPS (Diluted)

$-1.20

QoQ Revenue Growth

-156.4%

Cash Flow

Operating Cash Flow

$101M

Free Cash Flow

$99M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$22.7B

Total Liabilities

$20.1B

Stockholders' Equity

$2.6B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	-$122M	$176M	-169.4%
Gross Profit	-$173M	$173M	-199.7%
Operating Income	-$267M	$66M	-504.3%
Net Income	-$194M	$52M	-476.8%

Revenue Segments

Insurance Commissions

$32M64%

Service Charge On Deposit Accounts

$6M13%

Trust And Investment Advisory Fees

$6M12%

Debt Card Processing Fees

$3M6%

Other Non-interest Income

$2M5%