Eastern Bankshares, Inc. (EBC) financial statements: income statement, balance sheet and cash flow

Eastern Bankshares, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Eastern Bankshares, Inc. reported net income of $88.2M (-26.2% year on year).

Income statement

Eastern Bankshares, Inc. income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Interest and fees on loans$1.0B$808.0M$652.1M$476.0M
Taxable interest and dividends on securities$131.3M$90.6M$101.2M$118.7M
Non-taxable interest and dividends on securities$8.1M$5.8M$5.7M$7.2M
Interest on federal funds sold and other short-term investments$15.6M$42.4M$37.4M$3.3M
Total interest and dividend income$1.2B$946.8M$796.5M$605.2M
Interest on deposits$332.4M$337.4M$226.1M$28.6M
Interest on borrowings$3.2M$1.8M$20.0M$8.5M
Total interest expense$335.6M$339.2M$246.1M$37.1M
Net interest income$828.6M$607.6M$550.4M$568.1M
Provision for allowance for loan losses$26.2M$67.4M$20.1M$17.9M
Net interest income after provision for allowance for loan losses$802.4M$540.2M$530.4M$550.1M
Investment advisory fees$69.9M———
Service charges on deposit accounts$35.0M$32.0M$28.6M$30.4M
Card income$18.3M$14.2M$13.5M$12.6M
Interest rate swap income$3.8M$2.8M$1.5M$6.0M
Income from investments held in rabbi trusts$10.0M$9.7M$9.3M—
Mortgage banking income (loss)$2.9M———
Losses on sales of securities available for sale, net($269.6M)($16.8M)($333.2M)($3.2M)
Miscellaneous income and fees$23.0M———
Other non-operating income (loss)$853.0K———
Total noninterest (loss) income($105.9M)$123.9M($237.8M)$176.2M
Salaries and employee benefits$336.0M$302.3M$253.0M$298.2M
Occupancy and equipment$45.6M$46.5M$36.0M$40.8M
Technology and data processing$78.6M$75.4M$55.3M$57.3M
Professional services$14.6M$20.1M$17.4M$16.8M
Marketing expenses$9.6M$7.8M$7.6M$9.5M
FDIC insurance$14.6M$13.9M$21.9M$6.3M
Amortization of intangible assets$34.2M$14.6M$1.8M$3.9M
Other operating expenses$24.5M———
Non-operating expenses$39.2M———
Total noninterest expense$596.9M$508.4M$418.6M$469.6M
Income (loss) before income tax expense (benefit)$99.5M$155.8M($126.0M)$256.7M
Income tax expense (benefit)$11.3M$36.2M($63.3M)$56.9M
Net income (loss) from continuing operations$88.2M$119.6M($62.7M)—
Income from discontinued operations, net of taxes$0$0$294.9M—
Net income$88.2M$119.6M$232.2M$199.8M
Basic earnings (loss) per share from continuing operations (in dollars per share)$0.43$0.66-$0.39—
Basic earnings per share from discontinued operations (in dollars per share)$0.00$0.00$1.82—
Basic earnings per share (in dollars per share)$0.43$0.66$1.43$1.21
Diluted earnings (loss) per share from continuing operations (in dollars per share)$0.43$0.66-$0.39—
Diluted earnings per share from discontinued operations (in dollars per share)$0.00$0.00$1.82—
Diluted earnings per share (in dollars per share)$0.43$0.66$1.43$1.21
Eastern Bankshares, Inc. income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Interest and fees on loans$308.5M$301.8M$244.2M$241.1M
Taxable interest and dividends on securities$35.0M$33.2M$33.3M$34.1M
Non-taxable interest and dividends on securities$4.6M$3.6M$2.2M$1.8M
Interest on federal funds sold and other short-term investments$1.8M$1.0M$3.3M$2.4M
Total interest and dividend income$349.9M$339.5M$283.0M$279.3M
Interest on deposits$93.0M$90.4M$82.4M$76.7M
Interest on borrowings$4.9M$4.5M$403.0K$603.0K
Total interest expense$98.0M$94.9M$82.8M$77.3M
Net interest income$251.9M$244.7M$200.2M$202.0M
Provision for allowance for loan losses$6.8M$5.8M$7.1M$7.6M
Net interest income after provision for allowance for loan losses$245.2M$238.9M$193.1M$194.4M
Investment advisory fees$19.7M$18.3M$17.6M$17.3M
Service charges on deposit accounts$10.0M$9.9M$8.6M$8.2M
Card income$6.0M$5.8M$4.2M$4.2M
Interest rate swap income$2.0M$983.0K$885.0K$978.0K
Income from investments for employee retirement benefits$7.0M($1.9M)——
Mortgage banking income (loss)$3.3M$2.9M$87.0K($97.0K)
Losses on sales of securities available for sale, net$0$0$0$0
Miscellaneous income and fees$9.8M$9.0M$4.6M$5.9M
Other non-operating (loss) income($268.0K)($1.5M)$1.5M$618.0K
Total noninterest income (loss)$57.6M$43.6M$41.3M$42.9M
Salaries and employee benefits$97.0M$102.2M$84.0M$80.7M
Occupancy and equipment$13.2M$14.1M$11.7M$11.2M
Technology and data processing$23.7M$23.8M$19.8M$18.4M
Professional services$5.7M$3.4M$3.0M$3.0M
Marketing expenses$3.1M$2.7M$2.7M$2.4M
FDIC insurance$3.7M$3.4M$3.5M$3.8M
Amortization of intangible assets$11.6M$11.6M$7.8M$7.8M
Other operating expenses$8.2M$6.6M$4.7M$7.0M
Non-operating expenses$1.6M$30.8M$3.2M$2.6M
Total noninterest expense$167.9M$198.6M$140.4M$137.0M
Income (loss) before income tax expense$134.8M$83.8M$94.0M$100.3M
Income tax expense$29.6M$18.6M($12.2M)$87.0K
Net income (loss)$105.2M$65.3M$106.1M$100.2M
Basic earnings (loss) per share (in dollars per share)$0.48$0.29$0.53$0.50
Diluted earnings (loss) per share (in dollars per share)$0.48$0.29$0.53$0.50

Balance sheet

Eastern Bankshares, Inc. balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$126.1M$92.6M$87.2M$106.0M
Short-term investments$190.8M$914.3M$605.8M$63.5M
Cash and cash equivalents$316.9M$1.0B$693.1M$169.5M
Available for sale (amortized cost $4,143,163 and $4,778,644, respectively)$3.8B$4.0B$4.4B$6.7B
Held to maturity (fair value $575,974 and $371,724, respectively)$599.6M$420.7M$449.7M$476.6M
Total securities$4.4B$4.4B$4.9B$7.2B
Loans held for sale$22.8M$372.0K$1.1M$4.5M
Total loans$23.6B$18.1B$14.0B$13.6B
Allowance for loan losses($331.8M)($229.0M)($149.0M)($142.2M)
Unearned discounts and deferred fees, net($489.4M)($300.7M)($25.1M)($13.0M)
Net loans$22.8B$17.5B$13.8B$13.4B
Federal Home Loan Bank stock, at cost$13.8M$5.9M$5.9M$41.4M
Premises and equipment$120.0M$66.6M$60.1M$62.7M
Bank-owned life insurance$307.8M$204.7M$164.7M$160.8M
Goodwill and other intangibles, net$1.3B$1.1B$566.2M$661.1M
Deferred income taxes, net$310.0M$332.1M$266.2M$331.6M
Prepaid expenses$259.9M$231.9M$183.1M$165.9M
Other assets$756.4M$667.5M$536.3M$461.6M
Total assets$30.6B$25.6B$21.1B$22.6B
Demand$6.3B$6.0B$5.2B$6.2B
Interest checking accounts$4.7B$4.6B$3.7B$4.6B
Savings accounts$2.0B$1.6B$1.3B$1.8B
Money market investment$7.9B$5.7B$4.7B$4.7B
Certificates of deposit$4.5B$3.3B$2.7B$1.6B
Total deposits$25.5B$21.3B$17.6B$19.0B
Interest rate swap collateral funds$15.3M$48.6M$8.5M$14.4M
Federal Home Loan Bank advances$199.6M$17.6M$17.6M$12.8M
Total borrowed funds$214.9M$93.9M$48.2M$740.8M
Other liabilities$560.6M$560.4M$514.0M$459.9M
Total liabilities$26.2B$21.9B$18.2B$20.2B
Commitments and contingencies (see Note 18)$0$0$0$0
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 235,646,558 and 213,909,472 shares issued and outstanding at December 31, 2025 and 2024, respectively2.4M2.1M1.8M1.8M
Additional paid in capital$2.6B$2.2B$1.7B$1.6B
Unallocated common shares held by the Employee Stock Ownership Plan-122.8M-127.8M-132.8M-137.7M
Retained earnings$2.1B$2.1B$2.0B$1.9B
Accumulated other comprehensive income, net of tax($227.4M)($584.3M)($608.4M)($923.2M)
Total shareholders’ equity$4.3B$3.6B$3.0B$2.5B
Total liabilities and shareholders’ equity$30.6B$25.6B$21.1B$22.6B
Eastern Bankshares, Inc. balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$175.5M$111.4M$117.4M$158.7M
Short-term investments$80.6M$220.1M$293.0M$394.8M
Cash and cash equivalents$256.2M$331.6M$410.4M$553.5M
Available for sale (amortized cost $4,400,498 and $4,143,163, respectively)$4.0B$3.9B$3.8B$3.9B
Held to maturity (fair value $740,991 and $575,974, respectively)$764.2M$712.6M$514.1M$499.2M
Total securities$4.8B$4.6B$4.3B$4.4B
Loans held for sale$42.6M$25.8M$708.0K$0
Total loans$23.7B$23.4B$18.8B$18.6B
Allowance for loan losses($325.4M)($327.9M)($233.0M)($232.1M)
Unearned discounts and deferred fees, net($431.7M)($463.9M)($262.9M)($274.7M)
Net loans$23.0B$22.6B$18.3B$18.1B
Federal Home Loan Bank stock, at cost$21.3M$38.8M$6.3M$6.3M
Premises and equipment$118.2M$117.6M$72.1M$66.4M
Bank-owned life insurance$311.4M$309.4M$207.3M$207.1M
Goodwill and other intangibles, net$1.3B$1.3B$1.0B$1.0B
Deferred income taxes, net$293.7M$306.1M$252.9M$279.3M
Prepaid expenses$255.2M$258.4M$227.1M$230.7M
Other assets$797.7M$786.7M$596.8M$599.9M
Total assets$31.1B$30.6B$25.5B$25.5B
Demand$6.5B$6.6B$5.7B$5.9B
Interest checking accounts$4.7B$4.5B$4.2B$4.5B
Savings accounts$2.2B$2.1B$1.6B$1.6B
Money market investment$8.2B$7.7B$6.3B$6.0B
Certificates of deposit$4.3B$4.1B$3.4B$3.2B
Total deposits$25.9B$25.1B$21.1B$21.2B
Interest rate swap collateral funds$34.2M$28.0M$13.9M$21.4M
Federal Home Loan Bank advances$364.4M$689.2M$25.9M$26.8M
Total borrowed funds$398.6M$717.2M$39.8M$48.2M
Other liabilities$540.8M$524.1M$495.0M$503.3M
Total liabilities$26.9B$26.3B$21.7B$21.8B
Commitments and contingencies (see Note 10)$0———
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 228,858,364 and 235,646,558 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively2.3M2.3M2.1M2.1M
Additional paid in capital$2.5B$2.5B$2.2B$2.2B
Unallocated common shares held by the Employee Stock Ownership Plan-120.3M-121.5M-124.0M-125.3M
Retained earnings$2.2B$2.1B$2.0B$1.9B
Accumulated other comprehensive loss, net of tax($257.8M)($247.8M)($263.5M)($299.5M)
Total shareholders’ equity$4.3B$4.3B$3.8B$3.7B
Total liabilities and shareholders’ equity$31.1B$30.6B$25.5B$25.5B

Cash flow statement

Eastern Bankshares, Inc. cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income (loss) from continuing operations$88.2M$119.6M($62.7M)—
Net income from discontinued operations$0$0$294.9M—
Net income$88.2M$119.6M$232.2M$199.8M
Provision for allowance for loan losses$26.2M$67.4M$20.1M$17.9M
Depreciation and amortization$46.9M$27.0M$12.3M$15.0M
(Accretion) amortization of deferred loan fees and premiums, net($48.4M)($13.6M)$6.4M($1.4M)
Deferred income tax (benefit) expense($13.6M)$36.1M($18.3M)$6.0M
(Accretion) amortization of investment security premiums and discounts, net($7.3M)$4.5M$6.3M$18.3M
Right-of-use asset amortization$16.6M$11.3M$11.3M$13.0M
Share-based compensation$16.9M$19.3M$16.0M$10.5M
Increase in cash surrender value of bank-owned life insurance($5.6M)($4.3M)($3.9M)($3.7M)
Loss on sales of securities available for sale, net$269.6M$16.8M$333.2M$3.2M
Loss on right-of-use assets, net of gains from modifications$3.6M———
Employee Stock Ownership Plan expense$8.4M$7.4M$7.1M$9.9M
Net gain on sale of other equity investments($1.6M)($9.3M)——
Other($253.0K)($32.0K)$25.0K$17.0K
Proceeds from the sales of loans held for sale$159.5M———
Loans originated for sale, net of repayments($141.3M)———
Prepaid pension (benefit) expense($5.3M)($10.0K)$4.3M$4.3M
Other assets$69.7M($61.9M)($14.4M)$823.0K
Other liabilities($50.0M)$55.3M$39.0M($49.9M)
Net cash provided by operating activities - continuing operations$432.4M$283.8M$385.4M—
Net cash used in operating activities - discontinued operations$0$0($123.7M)—
Net cash provided by operating activities$432.4M$283.8M$261.7M$229.9M
Proceeds from sales of securities available for sale$1.6B$1.1B$1.9B$431.2M
Proceeds from maturities and principal paydowns of securities available for sale$465.4M$373.0M$423.9M$1.0B
Purchases of securities available for sale($1.4B)($199.5M)$0($740.8M)
Proceeds from maturities and principal paydowns of securities held to maturity$25.8M$29.4M$27.4M$17.4M
Purchases of securities held to maturity($202.4M)$0$0($493.7M)
Proceeds from sale of Federal Home Loan Bank stock$42.9M$30.9M$286.3M$63.7M
Purchases of Federal Home Loan Bank stock($26.1M)($3.6M)($250.8M)($94.2M)
Contributions to low income housing tax credit investments($59.3M)($68.6M)($36.9M)($19.5M)
Contributions to other equity investments($1.7M)($1.0M)($720.0K)($788.0K)
Distributions from other equity investments$5.4M$387.0K——
Proceeds from sale of other equity investment$1.9M$10.0M$362.0K$1.2M
Net increase in outstanding loans($802.4M)($209.1M)($586.6M)($926.3M)
Net cash (paid) acquired in business combination($1.4M)—$0($13.4M)
Purchased banking premises and equipment($19.4M)($13.5M)($8.1M)($8.6M)
Proceeds from sale of bank premises and equipment$0$15.1M$0$17.3M
Proceeds from life insurance policies$1.6M$0$0$20.4M
Net cash (used in) provided by investing activities - continuing operations($364.0M)$1.1B$1.9B—
Net cash provided by investing activities - discontinued operations$0$0$488.5M—
Net cash (used in) provided by investing activities($364.0M)$1.1B$2.4B($1.1B)
Net increase (decrease) in demand, savings, interest checking, and money market investment deposit accounts$10.4M($386.8M)($2.5B)($1.8B)
Net (decrease) increase in time deposits($192.1M)$208.5M$1.1B$1.1B
Eastern Bankshares, Inc. cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income (loss)$170.5M$65.3M($11.3M)($117.4M)
Provision for allowance for loan losses$12.5M$5.8M$21.3M$14.2M
Depreciation and amortization$31.2M$15.6M$32.2M$21.4M
Accretion of deferred loan fees and premiums, net($30.4M)($14.9M)($29.9M)($23.0M)
Deferred income tax expense (benefit)$23.2M$7.4M($26.4M)($41.2M)
Accretion of investment security premiums and discounts, net($4.6M)($1.9M)($5.2M)($3.2M)
Right-of-use asset amortization$6.6M$3.4M$9.6M$6.4M
Share-based compensation$8.6M$4.2M$13.0M$9.0M
Increase in cash surrender value of bank-owned life insurance($3.9M)($1.9M)($3.9M)($2.6M)
Loss on sale of securities available for sale, net$0$0$269.6M$269.6M
Loss on lease right-of-use assets, net$2.9M—$0—
Employee Stock Ownership Plan expense$5.1M$2.6M$6.1M$4.1M
Gain on sale of commercial loans held for investment($5.2M)———
Other$1.7M($2.9M)$318.0K$301.0K
Proceeds from sales of loans held for sale$208.6M$101.1M——
Loans originated for sale, net of repayments($204.6M)($101.6M)——
(Gain) loss on sale of loans held for sale($4.7M)———
Prepaid pension expense($3.8M)($1.9M)($4.0M)($2.6M)
Other assets($13.5M)($30.7M)$97.2M$86.5M
Other liabilities($55.1M)($62.0M)($47.8M)($57.9M)
Net cash provided by operating activities$145.1M($9.5M)$328.3M$171.2M
Proceeds from sales of securities available for sale$0$0$1.3B$1.3B
Proceeds from maturities and principal paydowns of securities available for sale$227.4M$111.4M$350.1M$219.5M
Purchases of securities available for sale($480.2M)($167.9M)($1.3B)($1.3B)
Proceeds from maturities and principal paydowns of securities held to maturity$14.1M$7.2M$19.7M$12.5M
Purchases of securities held to maturity($168.7M)($94.2M)($112.9M)($84.7M)
Proceeds from sale of Federal Home Loan Bank stock$74.1M$38.4M$24.6M$21.0M
Purchases of Federal Home Loan Bank stock($81.5M)($63.3M)($25.0M)($21.4M)
Contributions to low income housing tax credit investments($12.5M)($9.4M)($40.9M)($23.1M)
Contributions to other equity investments($576.0K)($437.0K)($1.5M)($743.0K)
Distributions from other equity investments$1.2M$101.0K$5.1M$709.0K
Net increase in outstanding loans($199.0M)$167.8M($782.2M)($531.9M)
Purchased banking premises and equipment($7.9M)($3.1M)($15.2M)($6.4M)
Proceeds from life insurance policies$487.0K$487.0K$1.3M$327.0K
Net cash used in investing activities($633.2M)($12.9M)($568.3M)($405.7M)
Net increase (decrease) in demand, savings, interest checking, and money market investment deposit accounts$641.4M($3.2M)($230.5M)($10.0M)
Net decrease in time deposits($192.8M)($362.3M)$28.5M($88.6M)
Net increase (decrease) in borrowed funds$183.7M$502.3M($26.4M)($18.0M)
Payments for repurchase of common stock($147.1M)($73.4M)($51.9M)($51.9M)
Proceeds from the exercise of stock options$4.1M$2.4M——
Dividends declared and paid to common shareholders($61.9M)($28.8M)($76.2M)($50.4M)
Net cash provided by (used in) financing activities$427.4M$37.0M($356.5M)($218.8M)
Net decrease in cash, cash equivalents, and restricted cash($60.7M)$14.7M($596.5M)($453.4M)
Cash, cash equivalents, and restricted cash at beginning of period$316.9M$316.9M$1.0B$1.0B
Cash, cash equivalents, and restricted cash at end of period$256.2M$331.6M$410.4M$553.5M

Eastern Bankshares, Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.