EBC Q2 2022 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$181M+21.1% YoY

Gross Profit

$177M97.7% margin

Operating Income

$67M37.2% margin

Net Income

$51M28.3% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$97M

Free Cash Flow

$96M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$22.4B

Total Liabilities

$19.6B

Stockholders' Equity

$2.7B

Cash & Equivalents

$369M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$181M	$150M	+21.1%
Gross Profit	$177M	$152M	+16.6%
Operating Income	$67M	$46M	+45.7%
Net Income	$51M	$35M	+47.0%

Revenue Segments

Insurance Commissions

$25M55%

Service Charge On Deposit Accounts

$8M18%

Trust And Investment Advisory Fees

$6M13%

Debt Card Processing Fees

$3M7%

Other Non-interest Income

$3M7%