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what it is
Eastern Bankshares is a regional bank that sells checking, loans, and wealth management across New England.
how it gets paid
Last year Eastern Bankshares made $134M in revenue. net interest income was the main engine at $86M, or 64% of sales.
why it's growing
Revenue grew 19.1% last year. Revenue growth of 193% matters less than EPS of -$0.06.
what just happened
Revenue jumped to $97M, but EPS still landed at -$0.06.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
10/100 earnings predictability — expect surprises
80.7x trailing p/e — you're paying up for this one
2.8% dividend yield — cash in your pocket every quarter
$0.66 fy2024 eps est
xvary composite: 65/100 — average
What they do
Eastern Bankshares is a regional bank that sells checking, loans, and wealth management across New England.
Eastern has 110 branches across eastern Massachusetts, southern and coastal New Hampshire, Rhode Island, and Connecticut, according to the company profile. It also owns Cambridge Trust Wealth Management, which oversees about $9.2 billion in assets. If your checking account, loan, and adviser all sit in one place, moving your money gets annoying fast.
How they make money
$134M
annual revenue · their business grew +19.1% last year
net interest income
$86M
wealth management and advisory
$20M
deposit service charges and card fees
$17M
other banking fees
$11M
The products that matter
lending and deposit gathering
Commercial & Retail Banking
1.36% return on average assets · Q4 2025
This is the core engine, and a 1.36% return on average assets says the bank is earning respectable money on a plain-vanilla balance sheet.
core engine
advisory and trust services
Wealth Management & Trust
largest bank-owned adviser in New England
It matters because it sits inside a bank with a ~$4B market cap and 71.7% institutional ownership, giving you at least some fee income beside lending spreads.
fee income
dividends and buybacks
Capital Deployment
3.1M shares repurchased · 2.8% yield
Management bought back 3.1M shares and still pays a 2.8% dividend yield, which tells you the shareholder return story is active while the merger settles.
share count shrinkage
Key numbers
$18M
long-term debt
Long-term debt is just $18 million, or 0% of capital. You are looking at a bank with very little parent-level leverage.
80.7x
trailing p/e
Jargon → trailing P/E → how much you pay for the last 12 months of earnings. So what: you are paying a growth-stock multiple for a regional bank.
$134M
annual revenue
SEC revenue was $134 million, up 19.1% vs. prior year. So what: the business is growing, but profit conversion still looks messy.
2.8%
dividend yield
You get paid 2.8% while you wait. So what: some return comes in cash, not just hope.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 2 — safer than 80% of stocks
- price stability 55 / 100
- long-term debt $18M (0% of capital)
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for EBC right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue jumped to $97M, but EPS still landed at -$0.06.
That is the whole problem in one line. Revenue rose 193% vs. prior year, yet earnings per share deteriorated sharply vs. prior year — percentage labels break when you cross from profit into loss or a tiny base; check dollar EPS in the filing. Scale is arriving faster than clean profitability.
$34M
revenue
$0.06
eps
n/a
n/a
the number that mattered
Revenue growth of 193% matters less than EPS of -$0.06, because banks do not get valued on sales spikes if profits stay inconsistent.
source: company earnings report, 2026
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What could go wrong
The #1 risk is HarborOne integration execution.
med
Merger integration execution
HarborOne closed on Nov. 1, 2025. If the combined bank cannot hold near the recent 1.36% return on assets, the market will stop treating this as a cleanup story and start treating it as a bad deal.
Impact: the premium multiple has less cover if profitability slips.
med
Valuation compression
80.7x trailing earnings is not a normal bank multiple. If earnings do not rise fast enough, the stock does not need bad news to fall. It only needs the market to demand a more normal price.
Impact: multiple compression can hit even if the bank stays profitable.
med
Low earnings predictability
A 10/100 earnings predictability score is the market's way of saying the quarter may not read cleanly. That matters more after a merger, when investors are already trying to separate one-time noise from the real run rate.
Impact: surprises carry more weight when the stock already trades rich.
low
Net insider selling
Insiders sold a net $5.1M in shares over the last 3 months while the stock rose 4%. That does not break the thesis on its own, but it is not a vote of maximum urgency from the people closest to the numbers.
Impact: weakens the confidence signal around the merger story.
At 80.7x earnings, you do not have much room for an integration wobble. If profitability slips from the recent 1.36% return on assets while investors are still waiting for the merger payoff, the multiple does the rest.
source: institutional data · regulatory filings · risk analysis
Pay attention to
profitability
Does 1.36% ROAA hold
The cleanest integration scorecard is simple: if return on average assets and the 14.4% return on tangible common equity hold up, the deal has a chance to earn its keep.
valuation
Watch the 80.7x multiple come down the right way
You want that earnings multiple to fall because profits rise, not because the stock price gives up first.
capital return
March 6, 2026 dividend record date
The dividend is payable to shareholders of record on March 6, 2026. A 2.8% yield is not the whole story, but it is part of your wait time getting paid.
insider signal
Keep an eye on insider flow
Net insider selling of $5.1M over the last 3 months is not fatal. If it keeps building while the merger story gets sold hard, you should care.
Analyst rankings
earnings predictability
10 / 100
In human-speak, analysts do not see a clean, easy-to-model earnings stream here yet.
risk rank
2
That puts EBC in the safer bucket on balance-sheet risk. Safer bank. Messier earnings story.
source: institutional data
Institutional activity
institutional ownership data for EBC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$19
current price
n/a
target midpoint · n/a from current
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