EBC Financial Services

Eastern Bankshares, Inc.

$22.70-1.00%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 5.2B USD
Full-time employees: 2,247

Overall health

About average: profitability and valuation

Ranks #241 of 791 banks & insurance companies (top 31%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 30% from December 2022 to July 2026.
Eastern Bankshares had 30% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Eastern Bankshares had 30% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 13% of revenue in 2025.
Eastern Bankshares paid employees $17M in stock in 2025, 13% of its $134M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Eastern Bankshares made a profit per share in its latest year after a loss the year before.

StockQuotient Score

59/ 100

Oct 5 62 → Nov 4 59 (-3)

Valuation

Is the price right?

47/100

Moderate▲ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 46 → 47

Share price +0.5%-1
Company's reported figures updated+3
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield84.6%

SEC filings · latest balance sheetReported value40% base weight · Z-score 0.18Sector median: 0.7950 · MAD: 0.2843

Earnings yield7.4%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -0.19Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield7.4%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

89/100

Strong

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 4.4%

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit100% base weight · Z-score 3.65Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth91.4%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth15.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

41/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.2%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.05Sector median: 0.0117 · MAD: 0.0062

Return on equity8.8%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.51Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Eastern Bankshares

Is Eastern Bankshares getting weaker?: Its latest SEC filing (Aug 7, 2026) got stronger: debt down 44%. Its overall score is unchanged at 59/100 since Oct 28, 2026.
How is Eastern Bankshares valued vs its peers?: Priced about in line with its peers. Valuation scores 47/100 against 950 banks & insurance peers.
Is Eastern Bankshares growing?: Yes, faster than most of its peers. Growth scores 89/100 against 950 banks & insurance peers.
How profitable is Eastern Bankshares?: About as profitable as its peers. Profitability scores 41/100 against 950 banks & insurance peers. Return on equity 8.8% vs a peer median of 10.7% (weaker than 66% of peers).Return on equity 8.8% vs peers 10.7% (weaker than 66% of peers).
How risky is Eastern Bankshares?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Debt down 44%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	140.1M USD	146.2M USD	+4.4%
Net income (12 months)	371.1M USD	376.1M USD	+1.3%
Debt	717.2M USD	398.6M USD	−44.4%
Cash	331.6M USD	256.2M USD	−22.7%
Shares outstanding	231.1M	228.5M	−1.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	222.8%	258.4%	302.1%	106.2%	65.8%	▼ 40 pts
Return on assets (ROA)	0.7%	0.9%	1.1%	0.5%	0.3%	▼ 0.2 pts
Return on equity (ROE)	4.5%	8.1%	7.8%	3.3%	2.0%	▼ 1.3 pts
Debt to equity	0.01×	0.30×	0.02×	0.02×	0.05×	▲ 170%

EBC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

About average: profitability and valuation

Ranks #241 of 791 banks & insurance companies (top 31%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 30% from December 2022 to July 2026.

Eastern Bankshares had 30% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Eastern Bankshares had 30% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 13% of revenue in 2025.

Eastern Bankshares paid employees $17M in stock in 2025, 13% of its $134M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Eastern Bankshares made a profit per share in its latest year after a loss the year before.

Questions investors ask about Eastern Bankshares

Is Eastern Bankshares getting weaker?

Its latest SEC filing (Aug 7, 2026) got stronger: debt down 44%. Its overall score is unchanged at 59/100 since Oct 28, 2026.

How is Eastern Bankshares valued vs its peers?

Priced about in line with its peers. Valuation scores 47/100 against 950 banks & insurance peers.

Is Eastern Bankshares growing?

Yes, faster than most of its peers. Growth scores 89/100 against 950 banks & insurance peers.

How profitable is Eastern Bankshares?

About as profitable as its peers. Profitability scores 41/100 against 950 banks & insurance peers. Return on equity 8.8% vs a peer median of 10.7% (weaker than 66% of peers).Return on equity 8.8% vs peers 10.7% (weaker than 66% of peers).

How risky is Eastern Bankshares?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

140.1M USD

146.2M USD

+4.4%

Net income (12 months)

371.1M USD

376.1M USD

+1.3%

Debt

717.2M USD

398.6M USD

−44.4%

Cash

331.6M USD

256.2M USD

−22.7%

Shares outstanding

231.1M

228.5M

−1.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

222.8%

258.4%

302.1%

106.2%

65.8%

▼ 40 pts

Return on assets (ROA)

0.7%

0.9%

1.1%

0.5%

0.3%

▼ 0.2 pts

Return on equity (ROE)

4.5%

8.1%

7.8%

3.3%

2.0%

▼ 1.3 pts

Debt to equity

0.01×

0.30×

0.02×

0.05×

▲ 170%