EBC Q3 2021 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q3 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$145M-1.1% YoY

Gross Profit

$146M100.5% margin

Operating Income

$48M33.4% margin

Net Income

$37M25.6% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

-3.0%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$65M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$17.5B

Total Liabilities

$14.0B

Stockholders' Equity

$3.4B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$145M	$147M	-1.1%
Gross Profit	$146M	$144M	+1.1%
Operating Income	$48M	$36M	+34.7%
Net Income	$37M	$29M	+30.2%

Revenue Segments

Insurance Commissions

$22M56%

Trust And Investment Advisory Fees

$6M16%

Service Charge On Deposit Accounts

$6M15%

Debt Card Processing Fees

$3M8%

Other Non-interest Income

$2M6%