← Eastern Bankshares, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total interest and dividend income | $415.2m |
$445.0m
+7.19%
|
$413.3m
-7.12%
|
$435.2m
+5.28%
|
$605.2m
+39.07%
|
$796.5m
+31.61%
|
$946.8m
+18.87%
|
$1.2b
+22.97%
|
— | |
| Losses on sales of securities available for sale, net | — | $2.0m | $288k | $1.2m | ($3.2m) | ($333.2m) | ($16.8m) | ($269.6m) | — | |
| Net interest income | $390.0m |
$411.3m
+5.44%
|
$401.3m
-2.43%
|
$429.8m
+7.12%
|
$568.1m
+32.16%
|
$550.4m
-3.11%
|
$607.6m
+10.39%
|
$828.6m
+36.37%
|
$934.2m
+12.75%
|
|
| Salaries and employee benefits | $239.3m | $252.2m | $261.8m | $295.9m | $298.2m | $253.0m | $302.3m | $336.0m | — | |
| Amortization of intangible assets | $3.9m | $3.5m | $2.9m | $2.5m | $3.9m | $1.8m | $14.6m | $34.2m | — | |
| Other operating expenses | — | — | — | — | — | $25.6m | $22.7m | $24.5m | — | |
| Non-operating expenses | — | — | — | — | — | $5.5m | $36.7m | $39.2m | — | |
| Total noninterest expense | $397.9m | $412.7m | $504.9m | $444.0m | $469.6m | $418.6m | $508.4m | $596.9m | — | |
| Total interest expense | $25.1m | $33.8m | $12.1m | $5.3m | $37.1m | $246.1m | $339.2m | $335.6m | — | |
| Net interest income after provision for allowance for loan losses | $374.9m |
$405.0m
+8.01%
|
$362.5m
-10.50%
|
$439.5m
+21.26%
|
$550.1m
+25.17%
|
$530.4m
-3.59%
|
$540.2m
+1.86%
|
$802.4m
+48.53%
|
$934.2m
+16.43%
|
|
| Other non-operating income (loss) | — | — | — | — | — | ($3k) | $6.7m | $853k | — | |
| Income (loss) before income tax expense (benefit) | $157.6m | $174.6m | $35.9m | $188.7m | $256.7m | ($126.0m) | $155.8m | $99.5m | — | |
| Income tax expense (benefit) | $34.9m | $39.5m | $13.2m | $34.0m | $56.9m | ($63.3m) | $36.2m | $11.3m | $25.6m | |
| Net income (loss) from continuing operations | — | — | — | $145.5m | $186.5m | ($62.7m) | $119.6m | $88.2m | $376.1m | |
| Net income | $122.7m |
$135.1m
+10.08%
|
$22.7m
-83.17%
|
$154.7m
+580.20%
|
$199.8m
+29.16%
|
$232.2m
+16.23%
|
$119.6m
-48.50%
|
$88.2m
-26.21%
|
$376.1m
+326.36%
|
|
| Basic earnings per share | ||||||||||
| Basic earnings (loss) per share from continuing operations (in dollars per share) | — | — | — | $0.85 | $1.13 | ($0.39) | $0.66 | $0.43 | $1.79 | |
| Basic earnings per share from discontinued operations (in dollars per share) | — | — | — | $0.05 | $0.08 | $1.82 | $0.00 | $0.00 | $1.79 | |
| Diluted earnings (loss) per share from continuing operations (in dollars per share) | — | — | — | $0.85 | $1.13 | ($0.39) | $0.66 | $0.43 | $1.79 | |
| Diluted earnings per share from discontinued operations (in dollars per share) | — | — | — | $0.05 | $0.08 | $1.82 | $0.00 | $0.00 | $1.79 | |
| Diluted earnings per share (in dollars per share) | $0.00 | $0.00 | $0.13 | $0.90 | $1.21 | $1.43 | $0.66 | $0.43 | $1.79 | |
| Interest and fees on loans | $369.1m | $402.1m | $372.2m | $367.6m | $476.0m | $652.1m | $808.0m | $1.0b | — | |
| Taxable interest and dividends on securities | $32.0m | $31.4m | $31.8m | $58.3m | $118.7m | $101.2m | $90.6m | $131.3m | — | |
| Non-taxable interest and dividends on securities | $9.6m | $8.3m | $7.6m | $7.4m | $7.2m | $5.7m | $5.8m | $8.1m | — | |
| Interest on federal funds sold and other short-term investments | $3.4m | $3.0m | $1.8m | $1.9m | $3.3m | $37.4m | $42.4m | $15.6m | — | |
| Interest on deposits | $17.4m | $27.3m | $11.3m | $5.2m | $28.6m | $226.1m | $337.4m | $332.4m | — | |
| Interest on borrowings | $7.7m | $6.5m | $762k | $165k | $8.5m | $20.0m | $1.8m | $3.2m | — | |
| Provision for allowance for loan losses | — | — | — | ($9.7m) | $17.9m | $20.1m | $67.4m | $26.2m | — | |
| Investment advisory fees | — | — | — | — | — | $24.3m | $46.1m | $69.9m | — | |
| Service charges on deposit accounts | $26.9m | $27.0m | $21.6m | $24.3m | $30.4m | $28.6m | $32.0m | $35.0m | — | |
| Card income | $16.2m | $10.5m | $10.3m | $12.1m | $12.6m | $13.5m | $14.2m | $18.3m | — | |
| Interest rate swap income | $5.0m | $4.4m | ($1.4m) | $5.6m | $6.0m | $1.5m | $2.8m | $3.8m | — | |
| Income from investments held in rabbi trusts | ($1.5m) | $9.9m | $10.3m | $10.2m | ($10.8m) | $9.3m | $9.7m | $10.0m | — | |
| Mortgage banking income (loss) | — | — | — | — | — | ($269k) | ($887k) | $2.9m | — | |
| Miscellaneous income and fees | — | — | — | — | — | $16.2m | $27.7m | $23.0m | — | |
| Occupancy and equipment | $35.5m | $36.5m | $33.8m | $40.5m | $40.8m | $36.0m | $46.5m | $45.6m | $51.1m | |
| Technology and data processing | $45.3m | $45.9m | $45.3m | $50.8m | $57.3m | $55.3m | $75.4m | $78.6m | — | |
| Professional services | $14.8m | $16.0m | $18.9m | $24.5m | $16.8m | $17.4m | $20.1m | $14.6m | — | |
| Marketing expenses | $11.1m | $9.6m | $8.9m | $8.7m | $9.5m | $7.6m | $7.8m | $9.6m | — | |
| FDIC insurance | $4.2m | $1.9m | $3.7m | $4.2m | $6.2m | $21.9m | $13.9m | $14.6m | — | |
| Income from discontinued operations, net of taxes | — | — | — | $9.1m | $13.2m | $294.9m | $0 | $0 | — | |
| Total noninterest (loss) income | $180.6m | $182.3m | $178.4m | $193.2m | $176.2m | ($237.8m) | $123.9m | ($105.9m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.