EBC Q4 2023 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$229M+5.8% YoY

Gross Profit

$154M67.0% margin

Operating Income

$34M14.8% margin

Net Income

$319M139.0% margin

EPS (Diluted)

$1.96

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$53M

Free Cash Flow

$49M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$21.1B

Total Liabilities

$18.2B

Stockholders' Equity

$3.0B

Cash & Equivalents

$693M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$229M	$217M	+5.8%
Gross Profit	$154M	$181M	-15.0%
Operating Income	$34M	$51M	-33.5%
Net Income	$319M	$42M	+653.1%

Revenue Segments

Service Charge On Deposit Accounts

$8M38%

Trust And Investment Advisory Fees

$6M31%

Debt Card Processing Fees

$3M17%

Other Non-interest Income

$3M14%