EBC Q2 2023 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$228M+25.9% YoY

Gross Profit

$160M70.3% margin

Operating Income

$60M26.5% margin

Net Income

$49M21.3% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+286.8%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$71M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$21.6B

Total Liabilities

$19.1B

Stockholders' Equity

$2.5B

Cash & Equivalents

$873M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$228M	$181M	+25.9%
Gross Profit	$160M	$177M	-9.4%
Operating Income	$60M	$67M	-10.5%
Net Income	$49M	$51M	-4.9%

Revenue Segments

Insurance Commissions

$28M58%

Service Charge On Deposit Accounts

$7M15%

Trust And Investment Advisory Fees

$6M13%

Debt Card Processing Fees

$4M7%

Other Non-interest Income

$3M6%