← Eastern Bankshares, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Other operating expenses | — | — | — | — | — | $25.6m | $22.7m | $24.5m | |
| Non-operating expenses | — | — | — | — | — | $5.5m | $36.7m | $39.2m | |
| Other non-operating income (loss) | — | — | — | — | — | ($3k) | $6.7m | $853k | |
| 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 | |
| Net interest income | $390.0m | $411.3m | $401.3m | $429.8m | $568.1m | $550.4m | $607.6m | $828.6m | |
| Provision for allowance for loan losses | — | — | — | ($9.7m) | $17.9m | $20.1m | $67.4m | $26.2m | |
| Net interest income after provision for allowance for loan losses | $374.9m | $405.0m | $362.5m | $439.5m | $550.1m | $530.4m | $540.2m | $802.4m | |
| 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 | |
| Losses on sales of securities available for sale, net | — | $2.0m | $288k | $1.2m | ($3.2m) | ($333.2m) | ($16.8m) | ($269.6m) | |
| Miscellaneous income and fees | — | — | — | — | — | $16.2m | $27.7m | $23.0m | |
| Salaries and employee benefits | $239.3m | $252.2m | $261.8m | $295.9m | $298.2m | $253.0m | $302.3m | $336.0m | |
| Occupancy and equipment | $35.5m | $36.5m | $33.8m | $40.5m | $40.8m | $36.0m | $46.5m | $45.6m | |
| 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 | |
| FDIC insurance | $4.2m | $1.9m | $3.7m | $4.2m | $6.2m | $21.9m | $13.9m | $14.6m | |
| Amortization of intangible assets | $3.9m | $3.5m | $2.9m | $2.5m | $3.9m | $1.8m | $14.6m | $34.2m | |
| Net income (loss) from continuing operations | — | — | — | $145.5m | $186.5m | ($62.7m) | $119.6m | $88.2m | |
| Income from discontinued operations, net of taxes | — | — | — | $9.1m | $13.2m | $294.9m | $0 | $0 | |
| Total interest and dividend income | $415.2m | $445.0m | $413.3m | $435.2m | $605.2m | $796.5m | $946.8m | $1.2b | |
| Total noninterest (loss) income | $180.6m | $182.3m | $178.4m | $193.2m | $176.2m | ($237.8m) | $123.9m | ($105.9m) | |
| Net income | $122.7m | $135.1m | $22.7m | $154.7m | $199.8m | $232.2m | $119.6m | $88.2m | |
| 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 | |
| Basic earnings per share from discontinued operations (in dollars per share) | — | — | — | $0.05 | $0.08 | $1.82 | $0.00 | $0.00 | |
| Diluted earnings (loss) per share from continuing operations (in dollars per share) | — | — | — | $0.85 | $1.13 | ($0.39) | $0.66 | $0.43 | |
| Diluted earnings per share from discontinued operations (in dollars per share) | — | — | — | $0.05 | $0.08 | $1.82 | $0.00 | $0.00 | |
| Diluted earnings per share (in dollars per share) | $0.00 | $0.00 | $0.13 | $0.90 | $1.21 | $1.43 | $0.66 | $0.43 | |
| Marketing expenses | $11.1m | $9.6m | $8.9m | $8.7m | $9.5m | $7.6m | $7.8m | $9.6m | |
| 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 | |
| Total interest expense | $25.1m | $33.8m | $12.1m | $5.3m | $37.1m | $246.1m | $339.2m | $335.6m | |
| Total noninterest expense | $397.9m | $412.7m | $504.9m | $444.0m | $469.6m | $418.6m | $508.4m | $596.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.