Eastern Bankshares, Inc. Income Statement

Income Statement Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 15.10M6.30M38.80M-9.69M17.93M20.10M67.40M
Revenue 570.64M593.56M579.62M527.26M644.80M312.66M731.51M
Interest income
Interest income - Loans 369.15M402.09M372.15M367.58M476.04M652.10M808.04M
Interest income - Investments 2.56M2.13M1.37M1.19M
Interest Income - Debt Securities 26.75M26.34M27.67M6.31M32.62M25.61M27.79M
Interest Income - Fed Funds 3.41M2.98M1.76M1.89M3.27M37.40M42.38M
Interest Income - Total 415.17M445.02M413.33M435.16M605.18M796.46M946.77M
Interest expenses
Interest Expense - Deposits 17.40M27.30M11.31M5.17M28.62M226.07M337.37M
Interest Expense - Debt 7.74M6.45M0.76M0.17M8.51M19.98M1.80M
Interest Expenses 25.12M33.75M12.08M5.33M37.13M246.05M339.17M
Interest Income - Net 390.04M411.26M401.25M429.83M568.05M550.41M607.60M
Non-interest income
Interest Income - Total 374.94M404.96M362.45M439.51M550.13M530.36M540.22M
Financial Services Fees 91.89M90.59M94.50M94.70M99.23M
Service Charges 26.90M27.04M23.63M28.01M30.39M-314.62M32.00M
Investment Gain (Loss) 2.02M0.29M1.17M-3.16M-333.17M-16.80M
Investment Banking Income 0.40M0.80M7.07M3.60M0.25M-2.74M-0.92M
Income - Trust 19.13M19.65M21.10M24.59M23.59M24.26M46.13M
Card Income 16.16M10.45M10.28M12.12M12.64M13.47M14.18M
Trading Income 2.16M1.30M-0.00M
Other Non-Interest Income 20.45M16.23M14.63M15.84M17.78M21.87M36.83M
Non-Interest Income 180.59M182.30M178.37M97.44M76.75M-237.75M123.92M
Operating Items
Amortization - Intangibles 3.90M3.54M2.90M0.22M1.20M1.80M14.60M
Research & Development 45.26M45.94M45.26M46.41M52.94M55.31M75.38M
Wages, Salaries and Other 239.35M252.24M261.83M227.62M233.10M253.04M302.35M
Rent Expense 35.48M36.46M33.80M37.26M37.45M35.99M46.52M
Other Operating Expenses 317.19M330.29M425.87M277.28M298.27M327.30M386.47M
Operating Expenses 397.93M412.68M504.92M360.95M388.65M418.60M508.37M
EBIT 182.73M208.33M47.98M181.33M275.36M120.05M494.94M
Net income details
EBT 157.61M174.58M35.90M176.00M238.23M-126.00M155.77M
Tax Provisions 34.90M39.50M13.20M30.50M51.72M-63.31M36.20M
Profit After Tax 122.73M135.10M22.74M154.66M199.76M232.18M119.56M
Income from Continuing Operations 122.71M135.08M22.70M145.50M186.51M-62.69M119.56M
Consolidated Net Income 122.71M135.08M22.70M9.13M13.25M294.87M119.56M
Income towards Parent Company 122.71M135.08M22.70M9.13M13.25M294.87M119.56M
Net Income towards Common Stockholders 122.71M135.08M22.70M9.13M13.25M294.87M119.56M
Additional items
EPS (Basic) 0.130.901.211.430.66
EPS (Weighted Average and Diluted) 0.130.901.211.430.66
Shares Outstanding (Weighted Average) 186.76M176.68M176.43M214.66M
Shares Outstanding (Diluted Average) 172.25M165.65M162.40M182.18M
Tax Rate 22.14%22.63%36.77%17.33%21.71%50.25%23.24%