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Corporate Overview Eastern Bankshares, Inc., a Massachusetts corporation, which we sometimes refer to as the Company, is a bank holding company headquartered in Boston, Massachusetts that was incorporated under Massachusetts law in 2020. We are the sole shareholder of Eastern Bank, which we sometimes refer to as the Bank, a Massachusetts-chartered bank founded in 1818.
65.79% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue grew 19.1% YoY. However, net income declined 26%, rising credit provisions or expenses may be eating into the top line.
Net income declined 26% YoY, profitability momentum has weakened.
Profitability & Returns
Revenue (TTM)
$140M
▲ +19.1% YoY
Net Income (TTM)
$371M
▼ -26.2% YoY
Net Margin
264.89%
P/E
—
Balance Sheet
Total Assets
$30.63B
Equity
$4.29B
Total Debt
$97M
Cash & Equiv.
$552M
5Y CAGR: +3.0%
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