Eastern Bankshares Past Earnings Performance
Past criteria checks 2/6
Eastern Bankshares's earnings have been declining at an average annual rate of -8.9%, while the Banks industry saw earnings growing at 7% annually. Revenues have been declining at an average rate of 4.1% per year. Eastern Bankshares's return on equity is 2.5%, and it has net margins of 14.8%.
Key information
-8.9%
Earnings growth rate
-4.2%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | -4.1% |
| Return on equity | 2.5% |
| Net Margin | 14.8% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance 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 21Eastern Bankshares: Rosy Earnings Outlook Appears Priced-In
May 28Revenue & Expenses Breakdown
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 |
|---|---|---|---|---|
| 30 Sep 24 | 609 | 90 | 428 | 0 |
| 30 Jun 24 | 602 | 160 | 376 | 0 |
| 31 Mar 24 | 614 | 178 | 370 | 0 |
| 31 Dec 23 | 293 | -63 | 364 | 0 |
| 30 Sep 23 | 299 | -53 | 360 | 0 |
| 30 Jun 23 | 315 | -64 | 356 | 0 |
| 31 Mar 23 | 280 | -67 | 334 | 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 has high quality earnings.
Growing Profit Margin: EBC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EBC's earnings have declined by 8.9% per year over the past 5 years.
Accelerating Growth: EBC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EBC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (-11.8%).
Return on Equity
High ROE: EBC's Return on Equity (2.5%) is considered low.