Eastern Bankshares, Inc. (EBC) Income Statement
EBC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEBC revenue and net income
Where EBC's revenue goes
2025Each bar shows an amount and its share of revenue. EBC kept 8.3% of revenue as net income.
EBC profit margins
EBC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.2% | +15.7% | +12.7% | — |
| Gross profit | +4.7% | +3.5% | +5.5% | — |
| Operating income | −36.1% | −25.2% | +22.6% | — |
| Net income | −26.2% | −23.8% | +31.1% | — |
| EPS (diluted) | +50.0% | +6.5% | +8.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EBC quarterly EPS vs estimates
Eastern Bankshares beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.49).
EBC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.07B | $796.5M | $681.9M | $523.5M | $582.5M | $622.7M | $591.9M |
| Cost of revenue | $361.8M | $406.5M | −$239.3M | $55.1M | −$4.4M | $50.9M | $40.1M | $40.2M |
| Gross profit | $695.6M | $664.1M | $796.5M | $626.9M | $527.8M | $531.6M | $582.7M | $551.7M |
| Sales, general & admin | $360.3M | $324.0M | $330.0M | $248.6M | $240.3M | $274.4M | $263.7M | $254.6M |
| Total operating expenses | $596.1M | $508.4M | $7.6M | $388.6M | $351.8M | $495.7M | $408.1M | $394.1M |
| Operating income | $99.5M | $155.8M | −$62.7M | $238.2M | $176.0M | $35.9M | $174.6M | $157.6M |
| Interest income | $1.16B | $946.8M | $767.8M | $605.2M | $435.2M | $413.3M | $445.0M | $415.2M |
| Interest expense | $335.6M | $339.2M | $246.1M | $37.1M | $5.3M | $12.1M | $33.8M | $25.1M |
| Income before taxes | $99.5M | $155.8M | −$126.0M | $238.2M | $176.0M | $35.9M | $174.6M | $157.6M |
| Income taxes | $11.3M | $36.2M | −$63.3M | $51.7M | $30.5M | $13.2M | $39.5M | $34.9M |
| Net income | $88.2M | $119.6M | $294.9M | $199.8M | $154.7M | $22.7M | $135.1M | $122.7M |
| EBITDA | $163.0M | $194.1M | −$62.7M | $261.6M | $198.9M | $63.8M | $194.1M | $177.7M |
| EPS (diluted) | $1.56 | $1.04 | $1.08 | $1.29 | $0.97 | $1.06 | $0.64 | — |
| Gross margin | 65.8% | 62.0% | 100.0% | 91.9% | 100.8% | 91.3% | 93.6% | 93.2% |
| Operating margin | 9.4% | 14.5% | −7.9% | 34.9% | 33.6% | 6.2% | 28.0% | 26.6% |
| Net margin | 8.3% | 11.2% | 37.0% | 29.3% | 29.5% | 3.9% | 21.7% | 20.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $349.9M | $375.6M | $382.9M | $322.7M | $321.6M | $29.6M | $308.1M | $299.5M | $232.5M | $230.3M | $229.2M | $221.3M |
| Cost of revenue | $98.0M | $100.6M | $103.7M | $89.9M | $84.9M | $83.4M | $98.4M | $143.1M | $84.9M | $80.2M | $75.5M | $72.3M |
| Gross profit | $251.9M | $274.9M | $279.2M | $232.9M | $236.7M | −$53.8M | $209.7M | $156.4M | $147.9M | $150.1M | $153.7M | $149.0M |
| Sales, general & admin | $171.0M | $108.2M | $98.4M | $90.1M | $86.9M | $84.9M | $85.6M | $98.5M | $71.6M | $68.3M | $84.0M | $65.5M |
| Total operating expenses | $174.7M | $191.1M | $190.1M | $138.9M | $136.3M | $130.1M | $137.5M | $159.8M | $109.9M | $101.2M | $119.9M | $101.7M |
| Operating income | $77.2M | $83.8M | $89.2M | $94.0M | $100.3M | −$183.9M | $72.2M | −$3.4M | $38.0M | $48.9M | $33.8M | $47.3M |
| Interest income | $349.9M | $339.5M | $336.2M | $283.0M | $279.3M | $265.7M | $270.8M | $266.0M | $207.4M | $202.6M | $203.6M | $202.2M |
| Interest expense | $98.0M | $94.9M | $98.8M | $82.8M | $77.3M | $76.8M | $91.6M | $96.2M | $78.7M | $72.7M | $70.3M | $65.0M |
| Income before taxes | $134.8M | $83.8M | $89.2M | $94.0M | $100.3M | −$183.9M | $72.2M | −$3.4M | $38.0M | $48.9M | $33.8M | $47.3M |
| Income taxes | $29.6M | $18.6M | −$10.3M | −$12.2M | $87,000 | $33.7M | $11.4M | $2.8M | $11.7M | $10.3M | $2.3M | −$16.2M |
| Net income | $105.2M | $65.3M | $99.5M | $106.1M | $100.2M | −$217.7M | $60.8M | −$6.2M | $26.3M | $38.6M | $318.5M | $59.1M |
| EBITDA | $153.6M | $102.8M | $110.8M | $108.0M | $114.5M | −$170.3M | $85.4M | $9.9M | $43.8M | $55.0M | $40.2M | $53.0M |
| EPS (diluted) | $0.49 | $0.40 | $0.44 | $0.37 | $0.41 | $0.34 | $0.34 | $0.25 | $0.22 | $0.23 | $0.10 | $0.32 |
| Gross margin | 72.0% | 73.2% | 72.9% | 72.2% | 73.6% | −181.9% | 68.1% | 52.2% | 63.6% | 65.2% | 67.0% | 67.3% |
| Operating margin | 22.1% | 22.3% | 23.3% | 29.1% | 31.2% | −621.7% | 23.4% | −1.1% | 16.3% | 21.2% | 14.8% | 21.4% |
| Net margin | 30.1% | 17.4% | 26.0% | 32.9% | 31.2% | −735.7% | 19.7% | −2.1% | 11.3% | 16.8% | 139.0% | 26.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EBC's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EBC financial results
In fiscal year 2025 (ended December 31, 2025), Eastern Bankshares reported revenue of $1.1 billion, down 1.2% from the year before. It had net income of $88.2 million (down 26.2%), a net profit margin of 8.3%. Diluted earnings per share came to $1.56. Over five years revenue grew at an average rate of 12.7% a year.
See the EBC stock overview for the latest quote and news, or the EBC chart for price history and technical indicators.
EBC income statement FAQ
What is Eastern Bankshares's annual revenue?
Eastern Bankshares reported total revenue of $1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.2% from $1.1 billion the previous year.
Is Eastern Bankshares profitable?
Yes. Eastern Bankshares reported net income of $88.2 million in fiscal 2025, a net profit margin of 8.3%; its operating margin was 9.4%.
What is Eastern Bankshares's gross margin?
Eastern Bankshares's gross margin was 65.8% in fiscal 2025: for every $100 of revenue, Eastern Bankshares kept $66 after the direct cost of its products and services.
How fast is Eastern Bankshares growing?
Revenue grew 12.7% a year on average over the last five fiscal years, from $582.5 million to $1.1 billion.
What are Eastern Bankshares's earnings per share?
Eastern Bankshares earned $1.56 per diluted share in fiscal 2025, compared with $1.04 a year earlier.
When will Eastern Bankshares report its next earnings?
Eastern Bankshares is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Eastern Bankshares's fiscal year end?
Eastern Bankshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.