EBC Q2 2024 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$232M+2.0% YoY

Gross Profit

$148M63.6% margin

Operating Income

$38M16.3% margin

Net Income

$26M11.3% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$50M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$21.0B

Total Liabilities

$18.1B

Stockholders' Equity

$3.0B

Cash & Equivalents

$749M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$232M	$228M	+2.0%
Gross Profit	$148M	$160M	-7.7%
Operating Income	$38M	$60M	-37.0%
Net Income	$26M	$49M	-45.9%

Revenue Segments

Other Non-interest Income

$11M37%

Service Charge On Deposit Accounts

$8M27%

Trust And Investment Advisory Fees

$7M23%

Debt Card Processing Fees

$4M12%