When did Eastern Bankshares, Inc. report Q1 2024 earnings?

Eastern Bankshares, Inc. (EBC) reported Q1 2024 earnings on April 25, 2024 after market close.

What were Eastern Bankshares, Inc.'s Q1 2024 revenue and EPS?

Eastern Bankshares, Inc. reported revenue of $156.7M and eps of $0.23 for Q1 2024.

Did Eastern Bankshares, Inc. beat estimates in Q1 2024?

Revenue beat the consensus estimate of $150.8M by $5.8M. EPS beat the consensus estimate of $0.20 by $0.03.

Where can I find Eastern Bankshares, Inc.'s Q1 2024 SEC filings?

You can read the 10-Q periodic report (0001628280-24-020157) directly on SEC EDGAR. The filing index links above go to sec.gov.

Eastern Bankshares, Inc. EBC Q1 2024 earnings

Reported April 25, 2024 · After market close

Revenue$156.7MBeat by $5.8M

EPS$0.23Beat by $0.03

Revenue estimate$150.8M

EPS estimate$0.20

Next report

Oct 22, 2026 (in 3 months)

Revenue estimate$310.4M

EPS estimate$0.50

Financials

Q1 2024

Income statement

See full

Revenue$157.6M+192%

Net income$38.6M+120%

EPS (diluted)$0.24+120%

Balance sheet

See full

Cash & equivalents$739.0M-65.4%

Total debt$107.7M-95.3%

Total equity$3.0B+14.5%

Total assets$21.2B-6.8%

Cash flow

See full

Operating cash flow$32.6M-67.6%

CapEx$2.5M+104%

Free cash flow$30.1M-69.7%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$2.24B+9.6%

Enterprise value$1.61B-26.5%

P/E4.8×—

P/S3.5×-2.3×

Profitability

See full

Net margin72.4%+62.9pp

FCF margin28.7%-43.8pp

Returns & leverage

See full

Return on equity16.8%+15.4pp

Debt / equity0×-0.8×

Segments

By product

See full

Service charges on deposit accounts$7.5M+16.0%

Other noninterest income$2.4M+7.7%

Versus estimates

Revenue

Q2 2026$316.0MBeat by $7.8M Q1 2026$295.9MMiss by $6.1M Q4 2025$290.1MBeat by $3.3M Q3 2025$240.0MMiss by $5.9M Q2 2025$243.8MMiss by $3.5M Q1 2025$29.6MMiss by $197.4M

Diluted EPS

Q2 2026$0.49Beat by $0.03 Q1 2026$0.40Miss by $0.04 Q4 2025$0.44Beat by $0.03 Q3 2025$0.37Miss by $0.03 Q2 2025$0.41Beat by $0.03 Q1 2025$0.34Beat by $0.01

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Questions, answered.

When did Eastern Bankshares, Inc. report Q1 2024 earnings?: Eastern Bankshares, Inc. (EBC) reported Q1 2024 earnings on April 25, 2024 after market close.
What were Eastern Bankshares, Inc.'s Q1 2024 revenue and EPS?: Eastern Bankshares, Inc. reported revenue of $156.7M and eps of $0.23 for Q1 2024.
Did Eastern Bankshares, Inc. beat estimates in Q1 2024?: Revenue beat the consensus estimate of $150.8M by $5.8M. EPS beat the consensus estimate of $0.20 by $0.03.
Where can I find Eastern Bankshares, Inc.'s Q1 2024 SEC filings?: You can read the 10-Q periodic report (0001628280-24-020157) directly on SEC EDGAR. The filing index links above go to sec.gov.