Eastern Bankshares, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Eastern Bankshares, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	164	156	155	69.4	77.3	76.9	113	134
Interest expense	25.1	33.8	12.1	5.33	37.1	246
Pre-tax income	158	175	35.9	176	238	-126	156	99.5
Income tax	34.9	39.5	13.2	30.5	51.7	-63.3	36.2	11.3
Income from continuing operations				146	187	-62.7	120	88.2
Net income	123	135	22.7	155	200	232	120	88.2
EPS, basic	0.00	0.00	0.13	0.90	1.21	1.43	0.66	0.43
EPS, diluted	0.00	0.00	0.13	0.90	1.21	1.43	0.66	0.43
Shares, basic (weighted)	0	0	172	172	166	162	181	203
Shares, diluted (weighted)	0	0	172	172	166	162	182	204
Dividend per share				0.07	0.40	0.41	0.45	0.51

Balance sheet

	FY2018	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	260	363	2,054	1,232	170	693	1,007	317
Short-term investments		227	1,937	1,087	63.5	606	914	191
Property, plant and equipment		56.6	48.7	65.9	62.5	60.1	64.6	118
Lease right-of-use assets			81.6	83.8	48.8	50.6	68.4	74.1
Goodwill	369	369	369	558	558	558	915	1,117
Intangible assets		8.7	7.06	18.2	10.4	8.57	135	184
Total assets	11,378	11,629	15,964	23,512	22,647	21,133	25,558	30,587
Total liabilities	9,945	10,029	12,536	20,106	20,175	18,158	21,946	26,246
Paid-in capital		0	1,854	1,835	1,649	1,666	2,237	2,621
Retained earnings		1,644	1,666	1,769	1,882	2,048	2,085	2,067
Other comprehensive income	-75.8	-43.8	54.2	-56.7	-923	-608	-584	-227
Shareholders' equity	1,433	1,600	3,428	3,406	2,472	2,975	3,612	4,341
Total equity	1,433	1,600	3,428	3,406	2,472	2,975	3,612	4,341
Total liabilities and equity	11,378	11,629	15,964	23,512	22,647	21,133	25,558	30,587
Shares outstanding			187	186	176	176	214	236

Cash flow statement

	FY2018	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	123	135	22.7	155	200	232	120	88.2
Depreciation and amortization	20.1	19.5	15.8	11.9	12	12.3	27	46.9
Stock-based compensation	0	0	0	0	10.5	16	19.3	16.9
Deferred income tax	-4.88	1.38	-20.4	-5.66	5.26	-18.3	36.1	-13.6
Cash from operations	205	196	69.9	174	230	262	284	432
Acquisitions	-11.5	0	-1.36	-9.09	0	0	24.9	-1.41
Purchases of investments	-168	-253	-2,112	-3,324	-741	0	-200	-1,430
Sales and maturities of investments	162	204	452	940	1,050	424	373	465
Cash from investing	-647	-145	-2,390	-1,986	-1,077	2,400	1,059	-364
Stock issued	0	0	1,793	0	0	0	0	5.11
Share buybacks		0	0	-23.2	-202	0	-27.7	-107
Dividends paid		0	0	-51.6	-65.9	-66.7	-82.5	-106
Cash from financing	391	51.9	4,012	989	-216	-2,138	-1,029	-758
Net change in cash	-51.4	103	1,691	-822	-1,062	524	314	-690
Interest paid	23.7	34.2	13.7	5.35	35.2	232	316	333
Income taxes paid	29.7	31.3	35.1	43.3	41.8	65.9	18.8	-2.51

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $21.42 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	274.7%	Pre-tax income / revenue.
Net margin	257.2%	Net income / revenue.
Operating cash flow margin	277.9%	Cash from operations / revenue.
Effective tax rate	6.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.2%	Net income / average total assets.
Stock-based pay / revenue	11.3%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	38.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	19.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	20.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-2.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-26.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-23.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	31.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-34.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-29.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	27.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	52.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	44.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	13.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	8.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	20.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	20.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	19.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	13.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	12.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	7.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	3.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	86.2%	Total liabilities / total assets.
Tangible book value	$4.28B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.00x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.72	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$0.67	Revenue / diluted weighted shares.
Operating cash flow per share	$1.85	Cash from operations / diluted weighted shares.
Book value per share	$18.72	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$18.72	Tangible book value / shares outstanding.
Cash per share	$1.47	(Cash + short-term investments) / shares outstanding.
Payout ratio	31.2%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.89B	Share price x shares outstanding.
Enterprise value	$4.56B	Market cap + total debt - cash - short-term investments.
P/E	13.0x	Market cap / net income. Only when net income is positive.
P/S	33.5x	Market cap / revenue.
P/B	1.14x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.14x	Market cap / tangible book value, when positive.
P/OCF	12.0x	Market cap / cash from operations, when positive.
EV/Sales	31.2x	Enterprise value / revenue.
Earnings yield	7.7%	Net income / market cap (the inverse of P/E).
Dividend yield	2.4%	Dividends paid over the period / market cap.
Shareholder yield	6.5%	(Dividends paid + share buybacks) / market cap.

What was Eastern Bankshares, Inc.'s revenue in fiscal 2025?

Eastern Bankshares, Inc. reported revenue of $134.1M for fiscal 2025, 19.1% higher than the year before.

Was Eastern Bankshares, Inc. profitable in fiscal 2025?

Yes. Net income was $88.2M, a net margin of 65.8%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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