Eastern Bankshares Past Earnings Performance
Past criteria checks 0/6
Eastern Bankshares's earnings have been declining at an average annual rate of -25.4%, while the Banks industry saw earnings growing at 10.3% annually. Revenues have been declining at an average rate of 5.8% per year.
Key information
-25.4%
Earnings growth rate
-34.7%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | -5.8% |
| Return on equity | -2.1% |
| Net Margin | -21.4% |
| Next Earnings Update | 25 Apr 2024 |
Recent past performance 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 03Revenue & Expenses BreakdownBeta
How Eastern Bankshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 293 | -63 | 364 | 0 |
| 30 Sep 23 | 399 | -40 | 433 | 0 |
| 30 Jun 23 | 415 | -51 | 430 | 0 |
| 31 Mar 23 | 411 | -46 | 426 | 0 |
| 31 Dec 22 | 627 | 187 | 349 | 0 |
| 30 Sep 22 | 641 | 181 | 359 | 0 |
| 30 Jun 22 | 623 | 165 | 362 | 0 |
| 31 Mar 22 | 652 | 159 | 396 | 0 |
| 31 Dec 21 | 537 | 146 | 341 | 0 |
| 30 Sep 21 | 606 | 76 | 381 | 0 |
| 30 Jun 21 | 597 | 67 | 383 | 0 |
| 31 Mar 21 | 581 | 62 | 372 | 0 |
| 31 Dec 20 | 530 | 23 | 366 | 0 |
| 30 Sep 20 | 527 | 98 | 363 | 0 |
| 30 Jun 20 | 535 | 105 | 360 | 0 |
| 31 Mar 20 | 545 | 111 | 356 | 0 |
| 31 Dec 19 | 587 | 135 | 360 | 0 |
| 31 Dec 18 | 556 | 123 | 346 | 0 |
Quality Earnings: EBC is currently unprofitable.
Growing Profit Margin: EBC is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EBC is unprofitable, and losses have increased over the past 5 years at a rate of 25.4% per year.
Accelerating Growth: Unable to compare EBC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EBC is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-9%).
Return on Equity
High ROE: EBC has a negative Return on Equity (-2.11%), as it is currently unprofitable.