EBC Q4 2024 Earnings — Eastern Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

EBCEastern Bankshares, Inc.

$4B

Q4 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$308M+34.4% YoY

Gross Profit

$210M68.1% margin

Operating Income

$72M23.4% margin

Net Income

$61M19.7% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$83M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$25.6B

Total Liabilities

$21.9B

Stockholders' Equity

$3.6B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$308M	$229M	+34.4%
Gross Profit	$210M	$154M	+36.5%
Operating Income	$72M	$34M	+113.4%
Net Income	$61M	$319M	-80.9%

Revenue Segments

Trust And Investment Advisory Fees

$25M40%

Service Charge On Deposit Accounts

$16M26%

Other Non-interest Income

$14M22%

Debt Card Processing Fees

$7M11%