Eastern Bankshares, Inc.

NasdaqGS EBC

Eastern Bankshares, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2024: 104.87%

Eastern Bankshares, Inc. Gross Profit Margin is 104.87% for the Trailing 12 Months (TTM) ending September 30, 2024, a 4.70% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.
  • Eastern Bankshares, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2023 was 100.16%, a 0.16% change year over year.
  • Eastern Bankshares, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2022 was 100.00%, a -0.26% change year over year.
  • Eastern Bankshares, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2021 was 100.27%, a 0.46% change year over year.
  • Eastern Bankshares, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2020 was 99.80%.
Key data
Date Gross Profit Margin Operating Income Margin EBT Margin Net Income Margin
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NasdaqGS: EBC

Eastern Bankshares, Inc.

CEO Mr. Denis K. Sheahan
IPO Date Oct. 15, 2020
Location United States
Headquarters 265 Franklin Street
Employees 1,744
Sector Finance
Industries
Description

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

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StockViz Staff

January 15, 2025

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