EBC Stock Overview
Operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
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Eastern Bankshares, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.26 |
| 52 Week High | US$19.40 |
| 52 Week Low | US$12.22 |
| Beta | 0.92 |
| 1 Month Change | -8.34% |
| 3 Month Change | 3.91% |
| 1 Year Change | 18.22% |
| 3 Year Change | -14.38% |
| 5 Year Change | n/a |
| Change since IPO | 42.06% |
Recent News & Updates
Recent updates
Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value
Sep 24Eastern Bankshares (NASDAQ:EBC) Is Due To Pay A Dividend Of $0.11
Jan 30
Eastern Bankshares (NASDAQ:EBC) Is Increasing Its Dividend To $0.11
Nov 21Eastern Bankshares (NASDAQ:EBC) Has Affirmed Its Dividend Of $0.11
Oct 31Eastern Bankshares (NASDAQ:EBC) Will Pay A Dividend Of $0.10
Aug 30Eastern Bankshares (NASDAQ:EBC) Has Affirmed Its Dividend Of $0.10
Aug 01Eastern Bankshares (NASDAQ:EBC) Has Announced A Dividend Of $0.10
May 02News Flash: 5 Analysts Think Eastern Bankshares, Inc. (NASDAQ:EBC) Earnings Are Under Threat
Feb 01Eastern Bankshares announces new share repurchase plan
Sep 07Eastern Bankshares: Earnings To Continue Full Steam Ahead, But Stock Is Pricey
Aug 11Revenue Beat: Eastern Bankshares, Inc. Exceeded Revenue Forecasts By 9.5% And Analysts Are Updating Their Estimates
Aug 02We Ran A Stock Scan For Earnings Growth And Eastern Bankshares (NASDAQ:EBC) Passed With Ease
Jul 21Shareholder Returns
| EBC | US Banks | US Market | |
|---|---|---|---|
| 7D | -3.8% | -3.4% | -2.4% |
| 1Y | 18.2% | 29.1% | 23.4% |
Return vs Industry: EBC underperformed the US Banks industry which returned 29.1% over the past year.
Return vs Market: EBC underperformed the US Market which returned 23.4% over the past year.
Price Volatility
| EBC volatility | |
|---|---|
| EBC Average Weekly Movement | 5.6% |
| Banks Industry Average Movement | 5.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: EBC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: EBC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1818 | 1,744 | Denis Sheahan | 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. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, commercial real estate and construction, small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans.
Eastern Bankshares, Inc. Fundamentals Summary
| EBC fundamental statistics | |
|---|---|
| Market cap | US$3.48b |
| Earnings (TTM) | US$90.30m |
| Revenue (TTM) | US$609.26m |
38.6x
P/E Ratio0.9x
P/B RatioIs EBC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EBC income statement (TTM) | |
|---|---|
| Revenue | US$609.26m |
| Cost of Revenue | US$0 |
| Gross Profit | US$609.26m |
| Other Expenses | US$518.96m |
| Earnings | US$90.30m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.45 |
| Gross Margin | 100.00% |
| Net Profit Margin | 14.82% |
| Debt/Equity Ratio | 4.1% |
How did EBC perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield84%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 10:13 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Eastern Bankshares, Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Civiello | Janney Montgomery Scott LLC |
| Steven Alexopoulos | J.P. Morgan |
| Damon DelMonte | Keefe, Bruyette, & Woods |