Eastern Bankshares Management
Management criteria checks 2/4
Eastern Bankshares' CEO is Denis Sheahan, appointed in Jul 2024, has a tenure of less than a year. total yearly compensation is $1.69M, comprised of 20% salary and 80% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $3.77M. The average tenure of the management team and the board of directors is 0.8 years and 18.8 years respectively.
Key information
Denis Sheahan
Chief executive officer
US$1.7m
Total compensation
| CEO salary percentage | 20.0% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | less than a year |
| Board average tenure | 18.8yrs |
Recent management updates
Recent updates
Eastern Bankshares' (NASDAQ:EBC) Upcoming Dividend Will Be Larger Than Last Year's
May 07
Eastern Bankshares Q1 Earnings: Looking Past Messy Headline Figures
Apr 26Eastern Bankshares: Emerging As A Stronger Bank
Jan 24Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value
Sep 24
Cambridge Merger And Decisive Moves Propel Bank Into A Bright Future
Sep 04 Merger with Cambridge Trust and sale of Eastern Insurance Group strengthens market share and capital base, promising enhanced future revenue and growth.Eastern Bankshares (NASDAQ:EBC) Is Due To Pay A Dividend Of $0.11
Jan 30Eastern 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 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -US$137m |
| Dec 31 2024 | US$2m | US$338k | US$120m |
Compensation vs Market: Denis's total compensation ($USD1.69M) is below average for companies of similar size in the US market ($USD7.58M).
Compensation vs Earnings: Insufficient data to compare Denis's compensation with company performance.
CEO
Denis Sheahan (58 yo)
less than a year
Tenure
US$1,690,375
Compensation
Mr. Denis K. Sheahan is Chief Executive Officer and Director of Eastern Bankshares, Inc. and Eastern Bank from July 12, 2024. He serves as the Chairman and Chief Executive Officer of Cambridge Trust Compan...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 18.3yrs | US$4.19m | 0.16% $ 4.7m | |
| CEO & Director | less than a year | US$1.69m | 0.12% $ 3.8m | |
| President | less than a year | US$2.03m | 0.066% $ 2.0m | |
| CFO & Treasurer | less than a year | US$1.36m | 0.010% $ 301.8k | |
| Executive VP | no data | US$1.67m | 0.035% $ 1.0m | |
| Executive VP & Chief Information Officer | no data | US$1.24m | 0.034% $ 1.0m | |
| Senior VP & Head of Investor Relations | less than a year | no data | no data | |
| Corporate Communications Manager | no data | no data | no data | |
| Executive VP & Chief Marketing Officer | no data | no data | no data | |
| Executive VP & Chief Product Officer | 1.3yrs | no data | no data | |
| Executive VP & Chief Credit Officer | no data | no data | no data | |
| Executive VP & Chief Commercial Banking Officer | no data | no data | 0.010% $ 309.1k |
0.8yrs
Average Tenure
50yo
Average Age
Experienced Management: EBC's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 18.3yrs | US$4.19m | 0.16% $ 4.7m | |
| CEO & Director | less than a year | US$1.69m | 0.12% $ 3.8m | |
| President | no data | US$2.03m | 0.066% $ 2.0m | |
| Independent Director | 11.3yrs | US$194.90k | 0.062% $ 1.9m | |
| Independent Lead Director | 24.3yrs | US$216.90k | 0.043% $ 1.3m | |
| Independent Director | 19.3yrs | US$201.40k | 0.087% $ 2.6m | |
| Director | 24.3yrs | US$170.15k | 0.14% $ 4.1m | |
| Independent Director | 29.3yrs | US$198.40k | 0.097% $ 2.9m | |
| Member of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Director | 9.3yrs | US$177.15k | 0.015% $ 445.6k |
18.8yrs
Average Tenure
59yo
Average Age
Experienced Board: EBC's board of directors are seasoned and experienced ( 18.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/07 23:35 |
| End of Day Share Price | 2025/05/07 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| 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.
Analysis Model and Snowflake
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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 Github.
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 |