Eastern Bankshares (EBC) Revenue & Revenue Breakdown
Eastern Bankshares Revenue Highlights
Latest Revenue (Y)
$557.17M
Latest Revenue (Q)
$232.31M
Main Segment (Y)
Service Charge On Deposit Accounts
Eastern Bankshares Revenue by Period
Eastern Bankshares Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $557.17M | -24.49% |
| 2022-12-31 | $737.83M | 19.69% |
| 2021-12-31 | $616.47M | 7.61% |
| 2020-12-31 | $572.90M | -3.48% |
| 2019-12-31 | $593.56M | 4.72% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $232.31M | 1.28% |
| 2024-03-31 | $229.36M | -0.69% |
| 2023-12-31 | $230.96M | 47.71% |
| 2023-09-30 | $156.36M | -19.53% |
| 2023-06-30 | $194.30M | -41.68% |
| 2023-03-31 | $333.17M | 14304.19% |
| 2022-12-31 | $2.31M | -98.81% |
| 2022-09-30 | $194.38M | 8.89% |
| 2022-06-30 | $178.51M | 2.96% |
| 2022-03-31 | $173.37M | 1.86% |
| 2021-12-31 | $170.21M | 17.94% |
| 2021-09-30 | $144.31M | -2.81% |
| 2021-06-30 | $148.49M | -3.24% |
| 2021-03-31 | $153.46M | 1.48% |
| 2020-12-31 | $151.22M | 4.36% |
| 2020-09-30 | $144.90M | 0.36% |
| 2020-06-30 | $144.38M | 8.13% |
| 2020-03-31 | $133.51M | -11.79% |
| 2019-12-31 | $151.35M | 5.01% |
| 2019-09-30 | $144.13M | -2.79% |
| 2019-06-30 | $148.27M | -1.46% |
| 2019-03-31 | $150.47M | - |
Eastern Bankshares generated $232.31M in revenue during Q2 2024, up 1.28% compared to the previous quarter, and up 69.73% compared to the same period a year ago.
Eastern Bankshares Revenue Breakdown
Eastern Bankshares Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Other Non-interest Income | $10.50M | $10.72M | $8.52M | $7.31M |
| Service Charge On Deposit Accounts | $28.63M | $30.39M | $24.27M | $21.56M |
| Trust And Investment Advisory Fees | $24.26M | $23.59M | $24.59M | $21.10M |
| Debt Card Processing Fees | $13.47M | $12.64M | $12.12M | $10.28M |
| 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trust And Investment Advisory Fees | $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 |
| Other Non-interest Income | $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 |
| Debt Card Processing Fees | $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 |
| Service Charge On Deposit Accounts | $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 |
| 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 Mar 24: Service Charge On Deposit Accounts (36.76%), Trust And Investment Advisory Fees (32.04%), Debt Card Processing Fees (15.90%), and Other Non-interest Income (15.30%).
Eastern Bankshares Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| INDB | Independent Bank | $795.73M | $243.72M |
| CBU | Community Bank System | $756.03M | $230.56M |
| BRKL | Brookline Bancorp | $609.22M | $161.75M |
| NBHC | National Bank | $559.33M | $146.48M |
| EBC | Eastern Bankshares | $557.17M | $232.31M |
| LBAI | Lakeland Bancorp | $514.58M | $133.67M |
| FBMS | First Bancshares | $387.64M | $91.03M |
| HONE | HarborOne Bancorp | $277.04M | $78.56M |
| CATC | Cambridge Bancorp | $218.53M | $66.82M |
| SPFI | South Plains Financial | $212.03M | $71.92M |
| ISTR | Investar | $141.13M | $38.54M |
| NECB | Northeast Community Bancorp | $135.86M | $40.96M |
| WNEB | Western New England Bancorp | $101.12M | $30.63M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| RBKB | Rhinebeck Bancorp | $66.39M | $17.29M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| SFBC | Sound Financial Bancorp | $55.60M | $8.72M |
| FCAP | First Capital | $51.24M | $14.24M |
| FVCB | FVCBankcorp | $42.14M | $28.84M |
| FCCO | First Community | $10.42M | $25.48M |
| HTBK | Heritage Commerce | $9.00K | $61.25M |
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 Q2 2024 was $232.31M, a 1.28% increase from the previous quarter (Q1 2024), and a 19.56% increase year-over-year (Q2 2023). The company'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). EBC's quarterly revenue for Q4 2023 was $230.96M, a 47.71% increase from the previous quarter (Q3 2023), and a 9885.34% increase year-over-year (Q4 2022).
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 Other Non-interest Income, Service Charge On Deposit Accounts, Trust And Investment Advisory Fees, and Debt Card Processing Fees. Other Non-interest Income generated $10.5M in revenue, accounting 13.66% of the company's total revenue, down -2.05% year-over-year. 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. 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. Debt Card Processing Fees generated $13.47M in revenue, accounting 17.52% of the company's total revenue, up 6.52% 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.