EBC Q3 2023 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$221M+26.4% YoY

Gross Profit

$149M67.3% margin

Operating Income

$47M21.4% margin

Net Income

$59M26.7% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

-2.9%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$34M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$21.1B

Total Liabilities

$18.7B

Stockholders' Equity

$2.4B

Cash & Equivalents

$609M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$221M	$175M	+26.4%
Gross Profit	$149M	$163M	-8.6%
Operating Income	$47M	$69M	-31.9%
Net Income	$59M	$55M	+7.9%

Revenue Segments

Service Charge On Deposit Accounts

$7M38%

Trust And Investment Advisory Fees

$6M32%

Debt Card Processing Fees

$3M17%

Other Non-interest Income

$3M13%