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Eastern Bankshares (EBC) Revenue & Revenue Breakdown

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Eastern Bankshares Revenue Highlights

Latest Revenue (Y)

$557.17M

Latest Revenue (Q)

$298.98M

Main Segment (Y)

Service Charge On Deposit Accounts

Eastern Bankshares Revenue by Period

Eastern Bankshares Revenue by Year

DateRevenueChange
2023-12-31$557.17M-24.49%
2022-12-31$737.83M19.69%
2021-12-31$616.47M7.61%
2020-12-31$572.90M-3.48%
2019-12-31$593.56M4.72%
2018-12-31$566.79M-

Eastern Bankshares generated $557.17M in revenue during NA 2023, up -24.49% compared to the previous quarter, and up 98.30% compared to the same period a year ago.

Eastern Bankshares Revenue by Quarter

DateRevenueChange
2024-09-30$298.98M28.61%
2024-06-30$232.47M1.35%
2024-03-31$229.36M-0.69%
2023-12-31$230.96M47.71%
2023-09-30$156.36M-19.53%
2023-06-30$194.30M-41.68%
2023-03-31$333.17M14304.19%
2022-12-31$2.31M-98.81%
2022-09-30$194.38M8.89%
2022-06-30$178.51M2.96%
2022-03-31$173.37M1.86%
2021-12-31$170.21M17.94%
2021-09-30$144.31M-2.81%
2021-06-30$148.49M-3.24%
2021-03-31$153.46M1.48%
2020-12-31$151.22M4.36%
2020-09-30$144.90M0.36%
2020-06-30$144.38M8.13%
2020-03-31$133.51M-11.79%
2019-12-31$151.35M5.01%
2019-09-30$144.13M-2.79%
2019-06-30$148.27M-1.46%
2019-03-31$150.47M-

Eastern Bankshares generated $298.98M in revenue during Q3 2024, up 28.61% compared to the previous quarter, and up 153.87% compared to the same period a year ago.

Eastern Bankshares Revenue Breakdown

Eastern Bankshares Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Service Charge On Deposit Accounts$28.63M$30.39M$24.27M$21.56M
Other Non-interest Income$10.50M$10.72M$8.52M$7.31M
Debt Card Processing Fees$13.47M$12.64M$12.12M$10.28M
Trust And Investment Advisory Fees$24.26M$23.59M$24.59M$21.10M
Insurance Commissions-$99.23M$94.70M$94.50M

Eastern Bankshares's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service Charge On Deposit Accounts (37.25%), Trust And Investment Advisory Fees (31.57%), Debt Card Processing Fees (17.52%), and Other Non-interest Income (13.66%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Debt Card Processing Fees$3.81M$3.25M$3.40M$3.39M$3.51M$3.17M$3.23M$3.25M$3.22M$2.94M$3.17M$3.03M$3.17M$2.75M$2.75M$2.72M
Other Non-interest Income$3.26M$3.13M$2.76M$2.55M$2.91M$2.29M$2.62M$2.73M$3.01M$2.36M$2.28M$2.32M$2.12M$1.79M$2.08M$1.69M
Service Charge On Deposit Accounts$8.14M$7.51M$7.51M$7.40M$7.24M$6.47M$6.83M$6.71M$8.31M$8.54M$7.26M$5.93M$5.71M$5.37M$6.05M$5.05M
Trust And Investment Advisory Fees$14.91M$6.54M$6.13M$6.24M$6.13M$5.77M$5.63M$5.83M$5.99M$6.14M$6.54M$6.31M$6.07M$5.66M$5.50M$5.31M
Insurance Commissions----$27.61M$31.50M$22.05M$23.79M$24.68M$28.71M$20.94M$21.96M$23.66M$28.15M$22.44M$21.88M

Eastern Bankshares's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Trust And Investment Advisory Fees (49.50%), Service Charge On Deposit Accounts (27.03%), Debt Card Processing Fees (12.64%), and Other Non-interest Income (10.83%).

Eastern Bankshares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
INDBIndependent Bank$795.73M$243.72M
CBUCommunity Bank System$756.03M$240.00M
BRKLBrookline Bancorp$609.22M$159.56M
NBHCNational Bank$559.33M$106.33M
EBCEastern Bankshares$557.17M$298.98M
FBMSFirst Bancshares$387.64M$93.56M
HONEHarborOne Bancorp$277.04M$77.21M
SPFISouth Plains Financial$212.03M$37.52M
ISTRInvestar$141.13M$39.10M
NECBNortheast Community Bancorp$135.86M$41.50M
WNEBWestern New England Bancorp$101.12M$27.84M
FNWDFinward Bancorp$96.53M$22.47M
RBKBRhinebeck Bancorp$66.39M$6.01M
CWBCCommunity West Bancshares$61.39M$27.26M
SFBCSound Financial Bancorp$55.60M$1.24M
FCAPFirst Capital$51.24M$15.02M
FVCBFVCBankcorp$42.14M$30.05M
FCCOFirst Community$10.42M$26.72M
HTBKHeritage Commerce$9.00K$2.24K

EBC Revenue FAQ

What is Eastern Bankshares’s yearly revenue?

Eastern Bankshares's yearly revenue for 2023 was $557.17M, representing a decrease of -24.49% compared to 2022. The company's yearly revenue for 2022 was $737.83M, representing an increase of 19.69% compared to 2021. EBC's yearly revenue for 2021 was $616.47M, representing an increase of 7.61% compared to 2020.

What is Eastern Bankshares’s quarterly revenue?

Eastern Bankshares's quarterly revenue for Q3 2024 was $298.98M, a 28.61% increase from the previous quarter (Q2 2024), and a 91.21% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $232.46M, a 1.35% increase from the previous quarter (Q1 2024), and a 19.64% increase year-over-year (Q2 2023). EBC's quarterly revenue for Q1 2024 was $229.36M, a -0.69% decrease from the previous quarter (Q4 2023), and a -31.16% decrease year-over-year (Q1 2023).

What is Eastern Bankshares’s revenue growth rate?

Eastern Bankshares's revenue growth rate for the last 3 years (2021-2023) was -9.62%, and for the last 5 years (2019-2023) was -6.13%.

What are Eastern Bankshares’s revenue streams?

Eastern Bankshares's revenue streams in c 23 are Service Charge On Deposit Accounts, Other Non-interest Income, Debt Card Processing Fees, and Trust And Investment Advisory Fees. Service Charge On Deposit Accounts generated $28.63M in revenue, accounting 37.25% of the company's total revenue, down -5.79% year-over-year. Other Non-interest Income generated $10.5M in revenue, accounting 13.66% of the company's total revenue, down -2.05% year-over-year. Debt Card Processing Fees generated $13.47M in revenue, accounting 17.52% of the company's total revenue, up 6.52% year-over-year. Trust And Investment Advisory Fees generated $24.26M in revenue, accounting 31.57% of the company's total revenue, up 2.84% year-over-year.

What is Eastern Bankshares’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Eastern Bankshares was Service Charge On Deposit Accounts. This segment made a revenue of $28.63M, representing 37.25% of the company's total revenue.