EBC Q1 2024 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$230M+288.7% YoY

Gross Profit

$150M65.2% margin

Operating Income

$49M21.2% margin

Net Income

$39M16.8% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$30M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$21.2B

Total Liabilities

$18.2B

Stockholders' Equity

$3.0B

Cash & Equivalents

$738M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$230M	-$122M	+288.7%
Gross Profit	$150M	-$173M	+187.0%
Operating Income	$49M	-$267M	+118.3%
Net Income	$39M	-$194M	+119.9%

Revenue Segments

Service Charge On Deposit Accounts

$8M37%

Trust And Investment Advisory Fees

$7M32%

Debt Card Processing Fees

$3M16%

Other Non-interest Income

$3M15%