company background image
EBC

Eastern Bankshares NasdaqGS:EBC Stock Report

Last Price

US$19.99

Market Cap

US$3.3b

7D

-0.6%

1Y

-4.4%

Updated

03 Oct, 2022

Data

Company Financials +
EBC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends2/6

EBC Stock Overview

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers.

Eastern Bankshares, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eastern Bankshares
Historical stock prices
Current Share PriceUS$19.99
52 Week HighUS$22.35
52 Week LowUS$17.98
Beta0
1 Month Change3.74%
3 Month Change3.52%
1 Year Change-4.35%
3 Year Changen/a
5 Year Changen/a
Change since IPO64.53%

Recent News & Updates

Sep 07

Eastern Bankshares announces new share repurchase plan

Eastern Bankshares (NASDAQ:EBC) has announced a new share repurchase program to purchase up to 8.9M shares. That represents ~5% of Eastern's (EBC) shares of common stock now outstanding. The repurchase program is limited to $200M through August 31, 2023. The company plans to begin purchasing shares under the new repurchase program later this month after it purchases the shares remaining under its existing repurchase program. The new plan is limited to $200M through August 31, 2023. Eastern (EBC) received approval for its inaugural share repurchase program in Nov 2021 , under which it was authorized to purchase up to ~9.34M shares for up to $225M over a 12-month period. Through Sep 6, 2022, it had repurchased ~9.13M shares for an aggregate purchase price of $182M.

Shareholder Returns

EBCUS BanksUS Market
7D-0.6%-3.2%-2.5%
1Y-4.4%-26.1%-23.2%

Return vs Industry: EBC exceeded the US Banks industry which returned -26.1% over the past year.

Return vs Market: EBC exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is EBC's price volatile compared to industry and market?
EBC volatility
EBC Average Weekly Movement2.9%
Banks Industry Average Movement3.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: EBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EBC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18182,058Bob Rivershttps://www.easternbank.com

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards.

Eastern Bankshares, Inc. Fundamentals Summary

How do Eastern Bankshares's earnings and revenue compare to its market cap?
EBC fundamental statistics
Market CapUS$3.26b
Earnings (TTM)US$174.88m
Revenue (TTM)US$676.92m

18.6x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EBC income statement (TTM)
RevenueUS$676.92m
Cost of RevenueUS$0
Gross ProfitUS$676.92m
Other ExpensesUS$502.04m
EarningsUS$174.88m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.07
Gross Margin100.00%
Net Profit Margin25.83%
Debt/Equity Ratio3.2%

How did EBC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

35%

Payout Ratio