Eastern Bankshares Future Growth

Future criteria checks 4/6

Eastern Bankshares is forecast to grow earnings and revenue by 51.9% and 17.1% per annum respectively. EPS is expected to grow by 46.1% per annum. Return on equity is forecast to be 8.2% in 3 years.

Key information

51.9%

Earnings growth rate

46.1%

EPS growth rate

Banks earnings growth	10.5%
Revenue growth rate	17.1%
Future return on equity	8.2%
Analyst coverage	Low
Last updated	27 Oct 2024

Recent future growth updates

Recent updates

News Flash: 5 Analysts Think Eastern Bankshares, Inc. (NASDAQ:EBC) Earnings Are Under Threat

Feb 01

Eastern Bankshares announces new share repurchase plan

Sep 07

Eastern Bankshares: Earnings To Continue Full Steam Ahead, But Stock Is Pricey

Aug 11

Revenue Beat: Eastern Bankshares, Inc. Exceeded Revenue Forecasts By 9.5% And Analysts Are Updating Their Estimates

Aug 02

We Ran A Stock Scan For Earnings Growth And Eastern Bankshares (NASDAQ:EBC) Passed With Ease

Jul 21

Eastern Bankshares: Rosy Earnings Outlook Appears Priced-In

May 28

Earnings and Revenue Growth Forecasts

NasdaqGS:EBC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	939	295	N/A	N/A	1
12/31/2025	891	257	N/A	N/A	1
12/31/2024	742	114	N/A	N/A	1
9/30/2024	609	90	236	248	N/A
6/30/2024	602	160	163	176	N/A
3/31/2024	614	178	184	194	N/A
12/31/2023	293	-63	254	262	N/A
9/30/2023	299	-53	206	212	N/A
6/30/2023	315	-64	231	237	N/A
3/31/2023	280	-67	256	262	N/A
12/31/2022	627	187	221	230	N/A
9/30/2022	641	181	266	274	N/A
6/30/2022	623	165	272	281	N/A
3/31/2022	652	159	170	178	N/A
12/31/2021	537	146	169	174	N/A
9/30/2021	606	76	177	183	N/A
6/30/2021	597	67	123	127	N/A
3/31/2021	581	62	161	166	N/A
12/31/2020	530	23	65	70	N/A
9/30/2020	527	98	61	66	N/A
6/30/2020	535	105	108	114	N/A
3/31/2020	545	111	129	135	N/A
12/31/2019	587	135	189	196	N/A
12/31/2018	556	123	196	205	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EBC's forecast earnings growth (51.9% per year) is above the savings rate (2.6%).

Earnings vs Market: EBC's earnings (51.9% per year) are forecast to grow faster than the US market (15.4% per year).

High Growth Earnings: EBC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EBC's revenue (17.1% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: EBC's revenue (17.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EBC's Return on Equity is forecast to be low in 3 years time (8.2%).

Eastern Bankshares Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 36%

Price target increased by 7.6% to US$17.75

Price target increased by 9.5% to US$17.25

Price target increased by 8.2% to US$14.88

Price target decreased by 7.5% to US$14.90

Price target decreased by 7.3% to US$16.50

Recent updates

Eastern Bank Names Kimberly Dee as Executive Vice President, Consumer Banking Director

Consensus EPS estimates fall by 36%

Third quarter dividend increased to US$0.12

Now 22% overvalued

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Eastern Bankshares, Inc. Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024

Now 21% overvalued after recent price rise

Eastern Bankshares, Inc. to Report Q3, 2024 Results on Oct 24, 2024

Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value

Upcoming dividend of US$0.11 per share

Second quarter dividend of US$0.11 announced

Price target increased by 7.6% to US$17.75

Price target increased by 9.5% to US$17.25

Eastern Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2024

Investor sentiment improves as stock rises 16%

Eastern Bankshares, Inc. and Eastern Bank Appoint David Rosato as Chief Financial Officer, Effective August 1, 2024

Eastern Bankshares, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Upcoming dividend of US$0.11 per share

First quarter dividend of US$0.11 announced

Eastern Bankshares, Inc. and Eastern Bank Announces Retirement of James Fitzgerald as Chief Financial Officer

Eastern Bankshares, Inc. and Eastern Bank Announces Retirement of James Fitzgerald as Chief Financial Officer

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Eastern Bankshares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Eastern Bankshares, Inc., Annual General Meeting, May 13, 2024

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.11 per share

Eastern Bankshares (NASDAQ:EBC) Is Due To Pay A Dividend Of $0.11

Fourth quarter dividend of US$0.11 announced

Eastern Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Eastern Bankshares, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Insider recently sold US$223k worth of stock

Upcoming dividend of US$0.11 per share at 3.6% yield

Eastern Bankshares (NASDAQ:EBC) Is Increasing Its Dividend To $0.11

Insider notifies of intention to sell stock

Eastern Bankshares, Inc. Appoints Marisa J. Harney and Linda M. Williams to Its Board of Directors, Effective January 1, 2024

Eastern Bankshares (NASDAQ:EBC) Has Affirmed Its Dividend Of $0.11

New major risk - Revenue and earnings growth

Eastern Bankshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Eastern Bankshares, Inc. (NasdaqGS:EBC) entered into a definitive merger agreement to acquire Cambridge Bancorp (NasdaqCM:CATC) from shareholders for approximately $530 million.

Eastern Bankshares, Inc. Announces to Appoint Denis Sheahan as CEO

Eastern Bankshares (NASDAQ:EBC) Will Pay A Dividend Of $0.10

Upcoming dividend of US$0.10 per share at 3.0% yield

Price target increased by 8.2% to US$14.88

Eastern Bankshares (NASDAQ:EBC) Has Affirmed Its Dividend Of $0.10

Eastern Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023

Eastern Bankshares, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.10 per share at 3.5% yield

Price target decreased by 7.5% to US$14.90

Eastern Bankshares (NASDAQ:EBC) Has Announced A Dividend Of $0.10

Price target decreased by 7.3% to US$16.50

Investor sentiment deteriorates as stock falls 28%

Chairman & CEO exercised options and sold US$98k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.10 per share at 2.5% yield

Consensus revenue estimates fall by 14%

News Flash: 5 Analysts Think Eastern Bankshares, Inc. (NASDAQ:EBC) Earnings Are Under Threat

Price target decreased by 9.4% to US$20.20

Eastern Bankshares, Inc. Announces Unaudited Net Loans Charged-Off for the Quarter Ended December 31, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Eastern Bankshares, Inc. Announces Unaudited Net Loans Charged-Off for the Quarter Ended December 31, 2022

Eastern Bankshares, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Price target decreased to US$23.00

Independent Director notifies of intention to sell stock

Eastern Bankshares, Inc. and Eastern Bank Announces Resignation of Greg A. Shell from the Board of Directors

Upcoming dividend of US$0.10 per share

Insufficient new directors

Third quarter 2022 earnings: EPS misses analyst expectations

Eastern Bankshares, Inc. Reports Net Loan Charged-Off for the Third Quarter Ended September 30, 2022

Eastern Bankshares, Inc. to Report Q3, 2022 Results on Oct 27, 2022