EBC Q3 2024 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$300M+35.3% YoY

Gross Profit

$156M52.2% margin

Operating Income

-$3M-1.1% margin

Net Income

-$6M-2.1% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+28.9%

Cash Flow

Operating Cash Flow

$108M

Free Cash Flow

$107M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$25.5B

Total Liabilities

$21.8B

Stockholders' Equity

$3.7B

Cash & Equivalents

$889M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$300M	$221M	+35.3%
Gross Profit	$156M	$149M	+4.9%
Operating Income	-$3M	$47M	-107.1%
Net Income	-$6M	$59M	-110.5%

Revenue Segments

Trust And Investment Advisory Fees

$15M50%

Service Charge On Deposit Accounts

$8M27%

Debt Card Processing Fees

$4M13%

Other Non-interest Income

$3M11%