Eastern Bankshares, Inc. (EBC) Balance Sheet
EBC balance sheet, 2025
December 31, 2025 · U.S. dollars$30.59B assets = $26.25B liabilities + $4.34B equity
Both columns are drawn to the same scale: what EBC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EBC financial health
Descriptive bands, not a rating. Fiscal 2025.
EBC balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.38B2018 | $30.59B2025 | +15.2%/yr | |
| Total liabilities | $9.95B2018 | $26.25B2025 | +14.9%/yr | |
| Shareholders’ equity | $1.43B2018 | $4.34B2025 | +17.2%/yr | |
| Cash & short-term investments | $1.72B2018 | $385.3M2025 | −19.2%/yr | |
| Total debt | $320.9M2018 | $199.6M2025 | −6.6%/yr | |
| Net cash (debt) | $1.39B2018 | $185.6M2025 | −$1.2B | |
| Working capital | −$7.93B2018 | −$24.87B2025 | −$16.9B | |
| Book value per share | $6.822018 | $20.062025 | +16.7%/yr | |
| Debt / equity | 0.222018 | 0.052025 | −0.18 | |
| Shares outstanding | 210.1M2018 | 216.4M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EBC assets
EBC liabilities and equity
EBC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EBC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $385.3M | $5.03B | $5.10B | $6.86B | $9.74B | $5.24B | $1.87B | $1.72B |
| Cash & equivalents | $316.9M | $1.01B | $693.1M | $169.5M | $1.23B | $2.05B | $362.6M | $259.7M |
| Short-term investments | $68.4M | $4.02B | $4.41B | $6.69B | $8.51B | $3.18B | $1.51B | $1.46B |
| Receivables | $0 | $0 | $0 | $17.5M | $17.7M | $17.1M | $5.0M | $4.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35,000 |
| Other current assets | $259.9M | $231.9M | $183.1M | $0 | $161.6M | $131.6M | $56.3M | $56.2M |
| Total current assets | $645.2M | $5.26B | $5.28B | $6.86B | $9.92B | $5.39B | $1.93B | $1.78B |
| Property, plant & equipment (net) | $118.2M | $64.6M | $60.1M | $62.7M | $65.9M | $48.7M | $56.6M | $66.5M |
| Goodwill & intangible assets | $1.30B | $1.05B | $566.2M | $661.1M | $649.7M | $376.5M | $377.7M | $381.3M |
| Long-term investments | $4.43B | $4.44B | $4.86B | $7.23B | $9.60B | $5.12B | $1.74B | $1.62B |
| Other non-current assets | $24.10B | $14.74B | $10.37B | $7.83B | $3.28B | $5.03B | $7.53B | $7.54B |
| Total assets | $30.59B | $25.56B | $21.13B | $22.65B | $23.51B | $15.96B | $11.63B | $11.38B |
| Liabilities | ||||||||
| Accounts payable | — | — | — | $18.97B | $19.63B | $12.16B | $9.55B | $9.40B |
| Short-term debt | $46.5M | $2.5M | $95,000 | $704.1M | $17,000 | $14.6M | $220.0M | $306.1M |
| Deferred revenue | — | — | — | $331.6M | — | — | — | — |
| Total current liabilities | $25.52B | $21.29B | $17.60B | $331.6M | $19.63B | $12.16B | $9.77B | $9.71B |
| Long-term debt | $153.1M | $91.4M | $48.1M | $740.8M | $34.3M | $28.0M | $34.3M | $165.5M |
| Other long-term liabilities | $575.9M | $560.4M | $514.0M | $19.10B | $443.2M | $352.3M | $222.9M | $74.1M |
| Total liabilities | $26.25B | $21.95B | $18.16B | $20.18B | $20.11B | $12.54B | $10.03B | $9.95B |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $2.4M | $2.1M | $1.8M | $1.8M | $1.9M | $1.9M | — | — |
| Retained earnings (deficit) | $2.07B | $2.08B | $2.05B | $1.88B | $1.77B | $1.67B | $1.64B | $1.51B |
| Accumulated other comprehensive income | −$227.4M | −$584.3M | −$608.4M | −$923.2M | −$56.7M | $54.2M | −$43.8M | −$75.8M |
| Total shareholders' equity | $4.34B | $3.61B | $2.97B | $2.47B | $3.41B | $3.43B | $1.60B | $1.43B |
| Key figures | ||||||||
| Total debt | $199.6M | $45.3M | $39.7M | $1.44B | $34.3M | $28.0M | $235.4M | $320.9M |
| Net cash (debt) | $185.6M | $4.98B | $5.06B | $5.42B | $9.71B | $5.21B | $1.64B | $1.39B |
| Working capital | −$24.87B | −$16.03B | −$12.31B | $6.53B | −$9.71B | −$6.77B | −$7.84B | −$7.93B |
| Tangible book value | $3.04B | $2.56B | $2.41B | $1.81B | $2.76B | $3.05B | $1.22B | $1.05B |
| Book value per share | $20.06 | $19.83 | $18.32 | $14.92 | $19.78 | $19.95 | $7.62 | $6.82 |
| Shares outstanding | 216.4M | 182.2M | 162.4M | 165.6M | 172.3M | 171.8M | 210.1M | 210.1M |
| Current ratio | 0.03 | 0.25 | 0.30 | 20.69 | 0.51 | 0.44 | 0.20 | 0.18 |
| Quick ratio | 0.02 | 0.24 | 0.29 | 20.74 | 0.50 | 0.43 | 0.19 | 0.18 |
| Debt / equity | 0.05 | 0.01 | 0.01 | 0.58 | 0.01 | 0.01 | 0.15 | 0.22 |
| Equity / assets | 14.2% | 14.1% | 14.1% | 10.9% | 14.5% | 21.5% | 13.8% | 12.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.99B | $428.5M | $385.3M | $417.3M | $580.6M | $425.8M | $5.03B | $5.05B | $4.85B | $5.03B | $5.10B | $4.87B |
| Cash & equivalents | $175.5M | $331.6M | $316.9M | $410.4M | $553.5M | $368.8M | $1.01B | $889.5M | $748.6M | $737.6M | $693.1M | $608.8M |
| Short-term investments | $4.81B | $96.9M | $68.4M | $6.9M | $27.0M | $57.0M | $4.02B | $4.16B | $4.10B | $4.29B | $4.41B | $4.26B |
| Receivables | $0 | $98.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $255.2M | $159.9M | $259.9M | $227.1M | $230.7M | $233.1M | $231.9M | $201.3M | $183.2M | $187.2M | $183.1M | $156.1M |
| Total current assets | $5.24B | $686.9M | $645.2M | $644.4M | $811.3M | $658.9M | $5.26B | $5.25B | $5.03B | $5.21B | $5.28B | $5.03B |
| Property, plant & equipment (net) | $118.2M | $117.6M | $118.2M | $72.1M | $66.4M | $65.1M | $64.6M | $78.8M | $60.9M | $59.8M | $60.1M | $59.0M |
| Goodwill & intangible assets | $1.44B | $1.29B | $1.30B | $1.03B | $1.03B | $1.04B | $1.05B | $1.06B | $565.2M | $565.7M | $566.2M | $566.7M |
| Long-term investments | $4.81B | $4.57B | $4.43B | $4.32B | $4.40B | $4.44B | $4.44B | $4.59B | $4.53B | $4.73B | $4.86B | $4.72B |
| Other non-current assets | $19.53B | $23.97B | $24.10B | $19.39B | $19.15B | $18.77B | $14.74B | $14.53B | $10.85B | $10.60B | $10.37B | $10.78B |
| Total assets | $31.14B | $30.63B | $30.59B | $25.46B | $25.46B | $24.99B | $25.56B | $25.51B | $21.04B | $21.17B | $21.13B | $21.15B |
| Liabilities | ||||||||||||
| Short-term debt | $398.6M | — | $46.5M | $3.8M | — | — | $2.5M | — | — | — | $95,000 | $656.3M |
| Total current liabilities | $26.32B | $25.11B | $25.52B | $21.12B | $21.22B | $20.80B | $21.29B | $21.22B | $17.54B | $17.67B | $17.60B | $18.08B |
| Long-term debt | $364.4M | $689.2M | $153.1M | $25.9M | $26.8M | $20.1M | $91.4M | $70.8M | $48.9M | $52.8M | $48.1M | $41.8M |
| Other long-term liabilities | $176.4M | $552.1M | $575.9M | $508.9M | $524.7M | $585.9M | $560.4M | $548.4M | $489.9M | $502.5M | $514.0M | $577.4M |
| Total liabilities | $26.86B | $26.35B | $26.25B | $21.65B | $21.77B | $21.40B | $21.95B | $21.84B | $18.08B | $18.22B | $18.16B | $18.70B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.3M | $2.3M | $2.4M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $1.8M | $1.8M | $1.8M | $1.8M |
| Retained earnings (deficit) | $2.18B | $2.10B | $2.07B | $2.00B | $1.92B | $1.84B | $2.08B | $2.05B | $2.08B | $2.07B | $2.05B | $1.75B |
| Accumulated other comprehensive income | −$257.8M | −$247.8M | −$227.4M | −$263.5M | −$299.5M | −$323.8M | −$584.3M | −$496.1M | −$654.3M | −$654.9M | −$608.4M | −$829.6M |
| Total shareholders' equity | $4.28B | $4.29B | $4.34B | $3.81B | $3.68B | $3.58B | $3.61B | $3.67B | $2.97B | $2.95B | $2.97B | $2.45B |
| Key figures | ||||||||||||
| Total debt | $398.6M | $689.2M | $199.6M | $25.9M | $26.8M | $20.1M | $45.3M | $46.7M | $37.6M | $41.9M | $39.7M | $698.5M |
| Net cash (debt) | $4.59B | −$260.7M | $185.6M | $391.4M | $553.8M | $405.7M | $4.98B | $5.01B | $4.81B | $4.98B | $5.06B | $4.17B |
| Working capital | −$21.08B | −$24.42B | −$24.87B | −$20.47B | −$20.41B | −$20.14B | −$16.03B | −$15.96B | −$12.51B | −$12.45B | −$12.31B | −$13.05B |
| Tangible book value | $2.85B | $3.00B | $3.04B | $2.78B | $2.65B | $2.54B | $2.56B | $2.61B | $2.40B | $2.39B | $2.41B | $1.88B |
| Book value per share | $19.54 | $19.19 | $20.06 | $19.08 | $18.51 | $17.79 | $17.82 | $18.57 | $18.15 | $18.09 | $18.28 | $15.06 |
| Shares outstanding | 219.2M | 223.4M | 216.4M | 199.5M | 199.0M | 201.4M | 202.6M | 197.7M | 163.5M | 163.2M | 162.7M | 162.5M |
| Current ratio | 0.20 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.25 | 0.25 | 0.29 | 0.30 | 0.30 | 0.28 |
| Quick ratio | 0.19 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.24 | 0.24 | 0.28 | 0.28 | 0.29 | 0.27 |
| Debt / equity | 0.09 | 0.16 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.29 |
| Equity / assets | 13.8% | 14.0% | 14.2% | 14.9% | 14.5% | 14.3% | 14.1% | 14.4% | 14.1% | 13.9% | 14.1% | 11.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
EBC financial position
At the end of fiscal 2025 (December 31, 2025), Eastern Bankshares had total assets of $30.6 billion (up 19.7% from a year earlier), total liabilities of $26.2 billion and shareholders' equity of $4.3 billion. It held $385.3 million in cash and short-term investments against $199.6 million of debt, a net cash position of $185.6 million. Its current ratio was 0.03. In the latest quarter (ended June 30, 2026) total assets were $31.1 billion and equity $4.3 billion.
Related: EBC income statement, EBC cash flow statement, EBC key metrics. See the EBC stock overview for the latest quote and news.
EBC balance sheet FAQ
What are Eastern Bankshares's total assets?
Eastern Bankshares reported total assets of $30.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $25.6 billion a year earlier.
How much debt does Eastern Bankshares have?
Eastern Bankshares had $199.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.05.
How much cash does Eastern Bankshares have?
Eastern Bankshares held $385.3 million in cash and short-term investments at the end of fiscal 2025; with $199.6 million of debt that is net cash of $185.6 million.
What is Eastern Bankshares's book value?
Eastern Bankshares's shareholders' equity (book value) was $4.3 billion at the end of fiscal 2025, or $20.06 per share.
What is Eastern Bankshares's current ratio?
Eastern Bankshares had current assets of $645.2 million and current liabilities of $25.5 billion, a current ratio of 0.03 (current liabilities exceed current assets).
How much goodwill does Eastern Bankshares have?
Eastern Bankshares carried $1.3 billion of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2025.