EBC Q2 2021 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$150M+1.4% YoY

Gross Profit

$152M101.5% margin

Operating Income

$46M31.0% margin

Net Income

$35M23.3% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$6M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$17.0B

Total Liabilities

$13.6B

Stockholders' Equity

$3.4B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$150M	$148M	+1.4%
Gross Profit	$152M	$136M	+11.8%
Operating Income	$46M	$37M	+25.0%
Net Income	$35M	$30M	+16.6%

Revenue Segments

Insurance Commissions

$24M58%

Trust And Investment Advisory Fees

$6M15%

Service Charge On Deposit Accounts

$6M14%

Debt Card Processing Fees

$3M8%

Other Non-interest Income

$2M5%