Eastern Bankshares Management
Management criteria checks 4/4
Eastern Bankshares' CEO is Bob Rivers, appointed in Jan 2017, has a tenure of 7.25 years. total yearly compensation is $4.92M, comprised of 20.2% salary and 79.8% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $2.98M. The average tenure of the management team and the board of directors is 7.3 years and 11.8 years respectively.
Key information
Bob Rivers
Chief executive officer
US$4.9m
Total compensation
| CEO salary percentage | 20.2% |
| CEO tenure | 7.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 7.3yrs |
| Board average tenure | 11.8yrs |
Recent management updates
Recent updates
Eastern 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 21Eastern Bankshares: Rosy Earnings Outlook Appears Priced-In
May 28Eastern Bankshares: Acquisition, Economic Factors To Lift Revenues
Feb 12Eastern Bankshares' (NASDAQ:EBC) Dividend Will Be Increased To US$0.10
Feb 04Eastern Bankshares: Acquisition Remains The Biggest Earnings Catalyst
Nov 08Eastern Bankshares: Acquisition Is The Chief Earnings Driver In The Near Future
Aug 17How Does Eastern Bankshares, Inc. (NASDAQ:EBC) Fare As A Dividend Stock?
May 04Eastern Insurance acquires Barr Insurance Agency assets
May 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$5m | US$995k | -US$63m |
| Sep 30 2023 | n/a | n/a | -US$40m |
| Jun 30 2023 | n/a | n/a | -US$51m |
| Mar 31 2023 | n/a | n/a | -US$46m |
| Dec 31 2022 | US$7m | US$995k | US$187m |
| Sep 30 2022 | n/a | n/a | US$181m |
| Jun 30 2022 | n/a | n/a | US$165m |
| Mar 31 2022 | n/a | n/a | US$159m |
| Dec 31 2021 | US$4m | US$995k | US$146m |
| Sep 30 2021 | n/a | n/a | US$76m |
| Jun 30 2021 | n/a | n/a | US$67m |
| Mar 31 2021 | n/a | n/a | US$62m |
| Dec 31 2020 | US$4m | US$988k | US$23m |
| Sep 30 2020 | n/a | n/a | US$98m |
| Jun 30 2020 | n/a | n/a | US$105m |
| Mar 31 2020 | n/a | n/a | US$111m |
| Dec 31 2019 | US$3m | US$929k | US$135m |
Compensation vs Market: Bob's total compensation ($USD4.92M) is about average for companies of similar size in the US market ($USD5.42M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
CEO
Bob Rivers (58 yo)
7.3yrs
Tenure
US$4,915,097
Compensation
Mr. Robert F. Rivers, also known as Bob, has been the Chief Executive Officer of Eastern Bank since January 1, 2017 and serves as its Chairman since January 1, 2017. Mr. Rivers serves as Chairman and Chief...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.3yrs | US$4.92m | 0.15% $ 3.0m | |
| President | no data | US$1.99m | 0.061% $ 1.2m | |
| CFO, Chief Administrative Officer & Treasurer | no data | US$2.51m | 0.11% $ 2.2m | |
| Executive VP | no data | US$1.46m | 0.024% $ 478.7k | |
| Executive VP & Chief Information Officer of Eastern Bank | 9.3yrs | US$1.24m | 0.024% $ 478.7k | |
| Head of Investor Relations | no data | no data | no data | |
| President & CEO of Eastern Bank Foundation | 4.8yrs | no data | 0.0097% $ 196.5k |
7.3yrs
Average Tenure
54yo
Average Age
Experienced Management: EBC's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 17.3yrs | US$4.92m | 0.15% $ 3.0m | |
| Independent Director | 10.3yrs | US$190.58k | 0.073% $ 1.5m | |
| Independent Director | 8.3yrs | US$170.83k | 0.068% $ 1.4m | |
| Independent Director | 13.3yrs | US$193.58k | 0.050% $ 1.0m | |
| Independent Lead Director | 23.3yrs | US$217.33k | 0.055% $ 1.1m | |
| Independent Director | 18.3yrs | US$204.08k | 0.10% $ 2.1m | |
| Director | 23.3yrs | US$152.02k | 0.16% $ 3.3m | |
| Independent Director | 28.3yrs | US$209.33k | 0.12% $ 2.4m | |
| Independent Director | 9.3yrs | US$188.58k | 0.10% $ 2.1m | |
| Independent Director | 8.3yrs | US$168.83k | 0.026% $ 520.8k | |
| Independent Director | less than a year | US$10.25k | no data | |
| Independent Director | 10.3yrs | US$176.58k | 0.044% $ 881.3k |
11.8yrs
Average Tenure
67.5yo
Average Age
Experienced Board: EBC's board of directors are seasoned and experienced ( 11.8 years average tenure).