Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ৳1.25 (vs ৳0.94 in 1Q 2025) First quarter 2026 results: EPS: ৳1.25 (up from ৳0.94 in 1Q 2025). Revenue: ৳7.20b (up 24% from 1Q 2025). Net income: ৳2.00b (up 30% from 1Q 2025). Profit margin: 28% (up from 27% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 10 non-independent directors. Independent Director Khondkar Atique-E-Rabbani was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 11
Eastern Bank PLC. to Report Q1, 2026 Results on May 13, 2026 Eastern Bank PLC. announced that they will report Q1, 2026 results on May 13, 2026 Aankondiging • Apr 17
Eastern Bank plc announces Annual dividend, payable on July 12, 2026 Eastern Bank plc announced Annual dividend of BDT 2.5000 per share payable on July 12, 2026, ex-date on May 07, 2026 and record date on May 06, 2026. Aankondiging • Apr 16
Eastern Bank PLC., Annual General Meeting, Jun 11, 2026 Eastern Bank PLC., Annual General Meeting, Jun 11, 2026, at 12:00 Central Asia Standard Time. Aankondiging • Apr 10
Eastern Bank PLC. to Report Fiscal Year 2025 Results on Apr 15, 2026 Eastern Bank PLC. announced that they will report fiscal year 2025 results on Apr 15, 2026 Aankondiging • Oct 23
Eastern Bank PLC. to Report Q3, 2025 Results on Oct 29, 2025 Eastern Bank PLC. announced that they will report Q3, 2025 results on Oct 29, 2025 Aankondiging • Jul 23
Eastern Bank PLC. to Report Q2, 2025 Results on Jul 28, 2025 Eastern Bank PLC. announced that they will report Q2, 2025 results on Jul 28, 2025 Aankondiging • May 07
Eastern Bank PLC. to Report Q1, 2025 Results on May 12, 2025 Eastern Bank PLC. announced that they will report Q1, 2025 results on May 12, 2025 Aankondiging • Mar 26
Eastern Bank plc announces Annual dividend, payable on June 22, 2025 Eastern Bank plc announced Annual dividend of BDT 1.7500 per share payable on June 22, 2025, ex-date on April 24, 2025 and record date on April 23, 2025. Aankondiging • Mar 25
Eastern Bank PLC., Annual General Meeting, May 21, 2025 Eastern Bank PLC., Annual General Meeting, May 21, 2025, at 11:00 Central Asia Standard Time. Aankondiging • Mar 12
Eastern Bank PLC. to Report Fiscal Year 2024 Results on Mar 20, 2025 Eastern Bank PLC. announced that they will report fiscal year 2024 results on Mar 20, 2025 Aankondiging • Jan 10
Eastern Bank PLC. Appoints Osman Faiz as Additional Managing Director Eastern Bank PLC (EBL) has appointed Osman Ershad Faiz as its Additional Managing Director (AMD). Prior to joining EBL, he was the Co-Founder of Asia FiiT. In his career spanning 30 years, Osman Faiz worked with major global financial institutions in strategy technology, operations, digital transformation, core banking and Fintech. He served as Chief Information and Operating Officer (CIOO) of AMTD Digital, Managing Director and Chief Operating Officer (COO) of Standard Chartered Bank Singapore; Managing Director and Regional Chief Information Officer (CIO), Eastern Hemisphere. Besides, Osman Faiz has the experience in Wholesale Banking for Standard Chartered Bank and as Head of Operations for Permata Bank in Indonesia. He also served as Director of the Singapore Clearing House Association. Osman Faiz received many international recognitions during his career. He is the Fellow of the Institute of Banking and Finance (IBF) Singapore since 2015. He completed B. Com (Hons) and MBA from Aligarh Muslim University, India. He is an alumnus of University of Oxford Saiid Business School and INSEAD. Osman Faiz began his career as a management trainee with American Express Bangladesh in 1993. Before leaving Bangladesh in 2005 on an international assignment, he was the Chief Operating Officer (COO) for Standard Chartered Bank, Bangladesh. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: ৳1.04 (vs ৳1.35 in 3Q 2023) Third quarter 2024 results: EPS: ৳1.04 (down from ৳1.35 in 3Q 2023). Revenue: ৳5.71b (up 9.8% from 3Q 2023). Net income: ৳1.41b (down 23% from 3Q 2023). Profit margin: 25% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Oct 25
Eastern Bank PLC. to Report Q3, 2024 Results on Oct 30, 2024 Eastern Bank PLC. announced that they will report Q3, 2024 results on Oct 30, 2024 Price Target Changed • Aug 28
Price target decreased by 20% to ৳26.60 Down from ৳33.29, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ৳27.00. Stock is up 3.3% over the past year. The company posted earnings per share of ৳4.51 last year. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: ৳1.30 (vs ৳1.00 in 2Q 2023) Second quarter 2024 results: EPS: ৳1.30 (up from ৳1.00 in 2Q 2023). Revenue: ৳6.88b (up 47% from 2Q 2023). Net income: ৳1.76b (up 30% from 2Q 2023). Profit margin: 26% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 29
Eastern Bank PLC. to Report Q2, 2024 Results on Jul 31, 2024 Eastern Bank PLC. announced that they will report Q2, 2024 results on Jul 31, 2024 New Risk • Jul 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Aankondiging • May 14
Eastern Bank PLC. to Report Q1, 2024 Results on May 14, 2024 Eastern Bank PLC. announced that they will report Q1, 2024 results on May 14, 2024 Buy Or Sell Opportunity • Apr 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.6% to ৳26.90. The fair value is estimated to be ৳22.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 7.7%. Reported Earnings • Apr 06
Full year 2023 earnings released: EPS: ৳5.07 (vs ৳3.77 in FY 2022) Full year 2023 results: EPS: ৳5.07 (up from ৳3.77 in FY 2022). Revenue: ৳19.4b (up 15% from FY 2022). Net income: ৳6.12b (up 20% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Upcoming Dividend • Mar 27
Upcoming dividend of ৳1.25 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (4.6%). Aankondiging • Dec 20
Eastern Bank PLC. Launches First Biometric Metal Card with Idex Biometrics Eastern Bank PLC. is set to launch the world's first biometric metal card, powered by the IDEX Biometrics Mastercard certified technology, IDEX Pay. EBL customers will havethe biometric metal cards in their hands by early 2024. A digital innovator bank in Bangladesh, EBL is consistently providing high-quality banking services and cutting-edge financial solutions to its customers. EBL is a significant contributor to the government initiative 'Smart Bangladesh', a driving force behind inclusive and multifaceted digital economic development. Bangladesh with its 170 million population has an excellent track record of growth and development. A robust demographic dividend, resilient remittance inflows, and stable macroeconomic conditions have supported rapid economic growth over the past two decades. Bangladesh's anticipated GDP growth for 2024 is 6%, outpacing its neighbours like India, Indonesia, and Philippines, as well as the global average of 2.9%. EBL's premium segment will be the first to benefit from this new contactless card. The biometric metal card offers the highest level of security and a seamless payment experience, making it an ideal choice for customers seeking distinctive and exclusive payment solutions that align with their dynamic and tech-savvy lifestyles. Aankondiging • Oct 24
Eastern Bank PLC to Report Q3, 2023 Results on Oct 26, 2023 Eastern Bank PLC announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ৳1.12 (vs ৳0.98 in 2Q 2022) Second quarter 2023 results: EPS: ৳1.12 (up from ৳0.98 in 2Q 2022). Revenue: ৳4.68b (up 11% from 2Q 2022). Net income: ৳1.35b (up 15% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Jul 25
Eastern Bank Limited to Report Q2, 2023 Results on Jul 27, 2023 Eastern Bank Limited announced that they will report Q2, 2023 results on Jul 27, 2023 Aankondiging • May 09
Eastern Bank Limited to Report Q1, 2023 Results on May 09, 2023 Eastern Bank Limited announced that they will report Q1, 2023 results on May 09, 2023 Reported Earnings • May 07
Full year 2022 earnings released: EPS: ৳4.24 (vs ৳3.98 in FY 2021) Full year 2022 results: EPS: ৳4.24 (up from ৳3.98 in FY 2021). Revenue: ৳16.8b (up 7.6% from FY 2021). Net income: ৳5.12b (up 6.7% from FY 2021). Profit margin: 30% (in line with FY 2021). Upcoming Dividend • Apr 30
Upcoming dividend of ৳1.25 per share at 3.7% yield Eligible shareholders must have bought the stock before 07 May 2023. Payment date: 02 July 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (4.8%). Price Target Changed • Apr 17
Price target increased by 13% to ৳41.30 Up from ৳36.55, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ৳32.30. Stock is down 2.3% over the past year. The company posted earnings per share of ৳4.47 last year. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: ৳1.39 (vs ৳1.47 in 3Q 2021) Third quarter 2022 results: EPS: ৳1.39 (down from ৳1.47 in 3Q 2021). Revenue: ৳4.26b (up 12% from 3Q 2021). Net income: ৳1.49b (down 5.2% from 3Q 2021). Profit margin: 35% (down from 41% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: ৳1.10 (vs ৳1.31 in 2Q 2021) Second quarter 2022 results: EPS: ৳1.10 (down from ৳1.31 in 2Q 2021). Revenue: ৳4.20b (up 15% from 2Q 2021). Net income: ৳1.18b (down 16% from 2Q 2021). Profit margin: 28% (down from 38% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.8%, compared to a 16% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: ৳4.47 (vs ৳3.90 in FY 2020) Full year 2021 results: EPS: ৳4.47 (up from ৳3.90 in FY 2020). Revenue: ৳15.6b (up 12% from FY 2020). Net income: ৳4.80b (up 15% from FY 2020). Profit margin: 31% (in line with FY 2020). Non-performing loans: 3.81% (up from 2.92% in FY 2020). Over the next year, revenue is forecast to grow 4.4%, compared to a 24% growth forecast for the banks industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to ৳36.76 Up from ৳33.60, the current price target is an average from 2 analysts. New target price is 6.5% above last closing price of ৳34.50. Stock is up 16% over the past year. The company posted earnings per share of ৳3.90 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Toufic Choudhury was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 19
Upcoming dividend of ৳1.25 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 19 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Bangladeshi dividend payers (3.5%). Lower than average of industry peers (4.5%). Aankondiging • Apr 04
Eastern Bank Limited Recommends Cash Dividend for the Year Ended on December 31, 2021 The Board of Directors of Eastern Bank Limited has recommended 12.50% cash dividend for the year ended on December 31, 2021 subject to the AGM to be held on May 5, 2022. Buying Opportunity • Mar 22
Now 20% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be ৳47.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Buying Opportunity • Mar 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.6%. The fair value is estimated to be ৳47.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS ৳1.65 (vs ৳1.45 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ৳3.81b (up 18% from 3Q 2020). Net income: ৳1.57b (up 14% from 3Q 2020). Profit margin: 41% (down from 43% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 28
Price target increased to ৳37.90 Up from ৳34.40, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ৳38.60. Stock is up 28% over the past year. The company posted earnings per share of ৳4.38 last year. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS ৳1.47 (vs ৳0.78 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳3.66b (up 29% from 2Q 2020). Net income: ৳1.40b (up 90% from 2Q 2020). Profit margin: 38% (up from 26% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ৳1.28 (vs ৳0.88 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ৳3.56b (down 1.4% from 1Q 2020). Net income: ৳1.04b (up 24% from 1Q 2020). Profit margin: 29% (up from 23% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of ৳1.75 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 29 June 2021. Trailing yield: 4.5%. Within top quartile of Bangladeshi dividend payers (3.5%). Lower than average of industry peers (5.1%). Is New 90 Day High Low • Feb 17
New 90-day low: ৳33.90 The company is down 5.0% from its price of ৳35.70 on 19 November 2020. The Bangladeshi market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳33.48 per share. Is New 90 Day High Low • Jan 05
New 90-day high: ৳37.60 The company is up 6.0% from its price of ৳35.60 on 07 October 2020. The Bangladeshi market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳33.22 per share. Aankondiging • Dec 30
Eastern Bank Ltd Announces Appointment of Deputy Managing Directors M M Haikal Hashmi and M Khurshed Alam have been appointed as the Deputy Managing Directors of Eastern Bank Ltd. (EBL). Prior to his appointment, Hashmi was Deputy Managing Director, Head of Internal Control and Compliance (HoICC) and Chief Anti Money Laundering Compliance Officer(CAMLCO) at IFIC Bank Ltd. Khurshed Alam prior to his new assignment was serving as Deputy Managing Director- Retail and SME at NRB Bank Limited. Is New 90 Day High Low • Dec 21
New 90-day low: ৳34.00 The company is down 8.0% from its price of ৳37.00 on 22 September 2020. The Bangladeshi market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳32.03 per share. Is New 90 Day High Low • Nov 30
New 90-day low: ৳34.30 The company is down 7.0% from its price of ৳36.90 on 01 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳26.38 per share. Aankondiging • Nov 17
Eastern Bank Limited to Report Q3, 2020 Results on Nov 19, 2020 Eastern Bank Limited announced that they will report Q3, 2020 results on Nov 19, 2020 Price Target Changed • Sep 30
Price target raised to ৳36.60 Up from ৳33.98, the current price target is an average from 2 analysts. The new target price is close to the current share price of ৳35.90. As of last close, the stock is up 3.2% over the past year. Aankondiging • Jul 26
Eastern Bank Limited to Report Q2, 2020 Results on Jul 27, 2020 Eastern Bank Limited announced that they will report Q2, 2020 results on Jul 27, 2020 
