← Eastern Bankshares, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) from continuing operations | — | — | — | $145.5m | $186.5m | ($62.7m) | $119.6m | $88.2m | |
| Net income from discontinued operations | — | — | — | $9.1m | $13.2m | $294.9m | $0 | $0 | |
| Net income | $122.7m | $135.1m | $22.7m | $154.7m | $199.8m | $232.2m | $119.6m | $88.2m | |
| Net Income From Continuing Operations | — | — | — | — | $186.5m | $232.2m | $119.6m | $88.2m | |
| Depreciation and amortization | $20.1m | $19.5m | $15.8m | $14.5m | $15.0m | $12.3m | $27.0m | $46.9m | |
| (Accretion) amortization of deferred loan fees and premiums, net | $1.5m | $5.1m | ($14.6m) | ($28.0m) | ($1.4m) | $6.4m | ($13.6m) | ($48.4m) | |
| (Accretion) amortization of investment security premiums and discounts, net | $3.3m | $3.1m | $5.6m | $16.7m | $18.3m | $6.3m | $4.5m | ($7.3m) | |
| Right-of-use asset amortization | $0 | $0 | $12.1m | $12.7m | $13.0m | $11.3m | $11.3m | $16.6m | |
| Amortization Of Securities | — | — | — | — | $18.3m | $6.3m | $4.5m | ($7.3m) | |
| Depreciation Amortization Depletion | — | — | — | — | $23.4m | $23.6m | $38.3m | $63.5m | |
| Deferred income tax (benefit) expense | ($4.9m) | $1.4m | ($20.4m) | ($5.3m) | $6.0m | ($18.3m) | $36.1m | ($13.6m) | |
| Deferred Income Tax | — | — | — | — | $5.3m | ($18.3m) | $36.1m | ($13.6m) | |
| Deferred Tax | — | — | — | — | $5.3m | ($18.3m) | $36.1m | ($13.6m) | |
| Share-based compensation | $0 | $0 | $2.4m | $9.4m | $10.5m | $16.0m | $19.3m | $16.9m | |
| Net gain on sale of other equity investments | — | — | — | — | $0 | $0 | ($9.3m) | ($1.6m) | |
| Contributions to other equity investments | ($146k) | ($4.5m) | ($4.4m) | ($2.5m) | ($788k) | ($720k) | ($1.0m) | ($1.7m) | |
| Distributions from other equity investments | — | — | — | — | $1.2m | $362k | $387k | $5.4m | |
| Proceeds from sale of other equity investment | $226k | $62k | $201k | $337k | $1.2m | $362k | $10.0m | $1.9m | |
| Net increase (decrease) in operating lease right of use assets and operating lease liabilities relating to lease remeasurements/modifications | — | — | — | $0 | $14.8m | $3.9m | $5.5m | $2.4m | |
| Provision for allowance for loan losses | — | — | — | ($9.7m) | $17.9m | $20.1m | $67.4m | $26.2m | |
| Loss on sales of securities available for sale, net | — | ($2.0m) | ($288k) | ($1.2m) | $3.2m | $333.2m | $16.8m | $269.6m | |
| Loss on right-of-use assets, net of gains from modifications | — | — | — | — | — | $395k | $4.7m | $3.6m | |
| Employee Stock Ownership Plan expense | — | — | — | $9.4m | $9.9m | $7.1m | $7.4m | $8.4m | |
| Other | — | $0 | ($587k) | ($526k) | $17k | $25k | ($32k) | ($253k) | |
| Proceeds from the sales of loans held for sale | — | — | — | — | — | $73.8m | $92.9m | $159.5m | |
| Loans originated for sale, net of repayments | — | — | — | — | — | ($48.8m) | ($93.1m) | ($141.3m) | |
| Prepaid pension (benefit) expense | $11.2m | ($11.0m) | ($24.1m) | $1.1m | $4.3m | $4.3m | ($10k) | ($5.3m) | |
| Other assets | $21.5m | ($31.0m) | ($89.6m) | $61.5m | $823k | ($14.4m) | ($61.9m) | $69.7m | |
| Other liabilities | $18.2m | $19.7m | $49.0m | ($22.9m) | ($49.9m) | $39.0m | $55.3m | ($50.0m) | |
| Proceeds from sales of securities available for sale | $11.7m | $48.0m | $9.1m | $23.8m | $431.2m | $1.9b | $1.1b | $1.6b | |
| Proceeds from maturities and principal paydowns of securities available for sale | $162.4m | $204.1m | $452.4m | $939.6m | $1.0b | $423.9m | $373.0m | $465.4m | |
| Purchases of securities available for sale | ($167.6m) | ($252.6m) | ($2.1b) | ($3.3b) | ($740.8m) | $0 | ($199.5m) | ($1.4b) | |
| Proceeds from maturities and principal paydowns of securities held to maturity | — | — | — | $0 | $17.4m | $27.4m | $29.4m | $25.8m | |
| Purchases of securities held to maturity | — | — | — | $0 | ($493.7m) | $0 | $0 | ($202.4m) | |
| Proceeds from sale of Federal Home Loan Bank stock | $18.3m | $42.0m | $749k | $6.7m | $63.7m | $286.3m | $30.9m | $42.9m | |
| Purchases of Federal Home Loan Bank stock | ($12.0m) | ($33.1m) | ($527k) | ($2.1m) | ($94.2m) | ($250.8m) | ($3.6m) | ($26.1m) | |
| Contributions to low income housing tax credit investments | ($3.3m) | ($6.3m) | ($12.4m) | ($11.4m) | ($19.5m) | ($36.9m) | ($68.6m) | ($59.3m) | |
| Net increase in outstanding loans | ($637.5m) | ($135.7m) | ($719.0m) | $380.8m | ($926.3m) | ($586.6m) | ($209.1m) | ($802.4m) | |
| Purchased banking premises and equipment | ($9.0m) | ($7.2m) | ($5.1m) | ($5.7m) | ($8.6m) | ($8.1m) | ($13.5m) | ($19.4m) | |
| Proceeds from sale of bank premises and equipment | — | $0 | $0 | $22.0m | $17.3m | $0 | $15.1m | $0 | |
| Proceeds from life insurance policies | $743k | $0 | $1.3m | $0 | $20.4m | $0 | $0 | $1.6m | |
| Net increase (decrease) in demand, savings, interest checking, and money market investment deposit accounts | $485.1m | $297.7m | $2.7b | $1.2b | ($1.8b) | ($2.5b) | ($386.8m) | $10.4m | |
| Net (decrease) increase in time deposits | $99.0m | ($145.8m) | ($70.3m) | ($58.1m) | $1.1b | $1.1b | $208.5m | ($192.1m) | |
| Net decrease in borrowed funds | ($192.2m) | ($98.9m) | ($207.3m) | $2.6m | $706.5m | ($692.6m) | ($739.9m) | ($369.3m) | |
| Proceeds from the exercise of stock options | — | — | — | — | — | $0 | $0 | $5.1m | |
| Stock issuance costs | $0 | ($346k) | ($28.6m) | $0 | $0 | $0 | ($941k) | ($122k) | |
| Capital commitments relating to low income housing tax credit projects | — | — | — | — | — | $102.0m | $9.0m | $23.8m | |
| Beginning Cash Position | — | — | — | — | $1.2b | $169.5m | $693.1m | $1.0b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($214.9m) | ($2.1b) | ($1.0b) | ($758.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($1.1b) | $1.9b | $1.1b | ($364.0m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | ($668k) | ($961k) | $0 | $0 | |
| Cash From Discontinued Investing Activities | — | — | — | — | ($13.4m) | $488.5m | $0 | $0 | |
| Change In Other Current Assets | — | — | — | — | $5.4m | ($14.4m) | ($61.9m) | $69.7m | |
| Change In Other Current Liabilities | — | — | — | — | ($52.8m) | $39.0m | $55.3m | ($50.0m) | |
| Change In Other Working Capital | — | — | — | — | ($3.4m) | $25.0m | ($168k) | $18.2m | |
| Change In Prepaid Assets | — | — | — | — | $4.3m | $4.3m | ($10k) | ($5.3m) | |
| Change In Working Capital | — | — | — | — | ($46.4m) | $53.9m | ($6.7m) | $32.6m | |
| Changes In Cash | — | — | — | — | ($1.1b) | $523.6m | $313.8m | ($690.0m) | |
| End Cash Position | — | — | — | — | $169.5m | $693.1m | $1.0b | $316.9m | |
| Financing Cash Flow | — | — | — | — | ($215.6m) | ($2.1b) | ($1.0b) | ($758.4m) | |
| Free Cash Flow | — | — | — | — | $221.3m | $253.6m | $270.3m | $413.0m | |
| Gain Loss On Investment Securities | — | — | — | — | $3.2m | $333.2m | $16.8m | $269.6m | |
| Gain Loss On Sale Of Business | — | — | — | — | $0 | $0 | ($9.3m) | ($1.6m) | |
| Gain Loss On Sale Of PPE | — | — | — | $4.7m | ($1.4m) | $0 | $2.9m | — | |
| Investing Cash Flow | — | — | — | — | ($1.1b) | $2.4b | $1.1b | ($364.0m) | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | — | $0 | $0 | $24.9m | ($1.4m) | |
| Net PPE Purchase And Sale | — | — | — | — | ($8.6m) | ($8.1m) | ($13.5m) | ($19.4m) | |
| Operating Gains Losses | — | — | — | — | ($8.4m) | $333.2m | $7.5m | $268.1m | |
| Other Non Cash Items | — | — | — | — | ($2.4m) | ($295.2m) | $4.2m | ($2.3m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | $0 | $0 | $0 | $5.1m | |
| Purchase Of Business | — | — | — | ($9.1m) | ($13.4m) | $0 | — | ($1.4m) | |
| Purchase Of PPE | — | — | — | — | ($8.6m) | ($8.1m) | ($13.5m) | ($19.4m) | |
| Repurchase Of Capital Stock | — | — | — | — | ($201.6m) | $0 | ($27.7m) | ($106.6m) | |
| Sale Of Business | — | — | — | — | $0 | $0 | $24.9m | — | |
| Stock Based Compensation | — | — | — | — | $20.4m | $23.2m | $26.6m | $25.3m | |
| Net cash provided by operating activities - continuing operations | $205.0m | $196.2m | $69.9m | $169.2m | $213.1m | $385.4m | $283.8m | $432.4m | |
| Net cash used in operating activities - discontinued operations | $205.0m | $196.2m | $69.9m | $5.3m | $16.8m | ($123.7m) | $0 | $0 | |
| Net cash provided by operating activities | $205.0m | $196.2m | $69.9m | $174.5m | $229.9m | $261.7m | $283.8m | $432.4m | |
| Net cash (paid) acquired in business combination | ($11.5m) | $0 | ($1.4m) | ($13.4m) | ($13.4m) | $0 | $24.9m | ($1.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | $243.4m | $2.3b | $1.2b | $435.4m | |
| Purchase Of Investment | — | — | — | — | ($1.3b) | ($37.7m) | ($269.1m) | ($1.7b) | |
| Sale Of Investment | — | — | — | — | $1.5b | $2.4b | $1.5b | $2.1b | |
| Net Other Investing Changes | — | — | — | — | $7.3m | $35.5m | $42.4m | $18.4m | |
| Net cash (used in) provided by investing activities - continuing operations | — | — | — | ($2.0b) | ($1.1b) | $1.9b | $1.1b | ($364.0m) | |
| Net cash provided by investing activities - discontinued operations | — | — | — | ($4.4m) | ($13.4m) | $488.5m | $0 | $0 | |
| Net cash (used in) provided by investing activities | ($647.1m) | ($145.3m) | ($2.4b) | ($2.0b) | ($1.1b) | $2.4b | $1.1b | ($364.0m) | |
| Issuance Of Debt | — | — | — | $2.6m | $706.5m | — | — | — | |
| Long Term Debt Issuance | — | — | — | $2.6m | $706.5m | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | $706.5m | ($692.3m) | ($742.1m) | ($369.3m) | |
| Net Long Term Debt Issuance | — | — | — | — | $706.5m | ($692.3m) | ($742.1m) | ($369.3m) | |
| Long Term Debt Payments | — | — | — | ($36.3m) | $0 | ($692.6m) | — | — | |
| Repayment Of Debt | — | — | — | ($36.3m) | $0 | ($692.6m) | — | — | |
| Common Stock Issuance | — | — | — | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | ($201.6m) | $0 | ($27.7m) | ($106.6m) | |
| Payments for repurchases of common stock | — | $0 | $0 | ($23.2m) | ($201.6m) | $0 | ($27.7m) | ($106.6m) | |
| Common Stock Payments | — | — | — | — | ($201.6m) | $0 | ($27.7m) | ($106.6m) | |
| Dividends declared and paid to common shareholders | — | $0 | $0 | ($51.6m) | ($65.9m) | ($66.7m) | ($82.5m) | ($105.7m) | |
| Cash Dividends Paid | — | — | — | — | ($65.9m) | ($66.7m) | ($82.5m) | ($105.7m) | |
| Common Stock Dividend Paid | — | — | — | — | ($65.9m) | ($66.7m) | ($82.5m) | ($105.7m) | |
| Dividends Received CFI | — | — | — | — | $1.2m | $362k | $387k | $5.4m | |
| Net Other Financing Charges | — | — | — | ($263k) | ($668k) | — | ($941k) | ($122k) | |
| Net cash used in financing activities - continuing operations | — | — | — | $989.2m | ($214.9m) | ($2.1b) | ($1.0b) | ($758.4m) | |
| Net cash used in financing activities - discontinued operations | — | — | — | ($263k) | ($668k) | ($961k) | $0 | $0 | |
| Net cash used in financing activities | $390.6m | $51.9m | $4.0b | $989.0m | ($215.6m) | ($2.1b) | ($1.0b) | ($758.4m) | |
| Increase in cash surrender value of bank-owned life insurance | ($15k) | ($2.1m) | ($2.2m) | ($2.3m) | ($3.7m) | ($3.9m) | ($4.3m) | ($5.6m) | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | ($51.4m) | $102.9m | $1.7b | ($822.3m) | ($1.1b) | $523.6m | $313.8m | ($690.0m) | |
| Cash, cash equivalents, and restricted cash at beginning of period | $259.7m | $362.6m | $2.1b | $1.2b | $169.5m | $693.1m | $1.0b | $316.9m | |
| Change In Cash Supplemental As Reported | — | — | — | — | ($1.1b) | $523.6m | $313.8m | ($690.0m) | |
| Interest paid on deposits and borrowings | $23.7m | $34.2m | $13.7m | $5.4m | $35.2m | $231.8m | $316.1m | $333.3m | |
| Income taxes (refunded) paid | — | — | — | $43.3m | $41.8m | $65.9m | $18.8m | ($2.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.