NASDAQ$EBC

Eastern Bankshares Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

EBC Q2 2024 — $154K revenue, 0.03 EPS

Qualitative Disclosures about Market Risk” included in Part I, Items 2 and 3, respectively, of this Quarterly Report reflect Cambridge’s financial condition at June 30, 2024 or Cambridge’s operating r. Eastern Bankshares Inc reported Q2 2024 results. Diluted EPS came in at $0.03. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $154K.
  • Diluted EPS: $0.03.
  • Filed on Form 10-Q (accession 0001628280-24-035518).

Headline financials

Total Revenue

$154M

Previous: $195M-21.2%
EPS

$0.16

Previous: $0.28-42.9%
Capital Expenditures

-$6.51M

Previous: -$2.24M-191.1%
Free Cash Flow

$19.8M

Previous: $46.4M-57.3%
Net Income

$26.3M

Previous: $48.7M-45.9%
Operating Income

$40.5M

Previous: $104M-61.1%
Gross Profit

$154M

Previous: $195M-21.2%
Stock-Based Comp

$3.59M

Previous: $4.67M-23.1%

Revenue & EPS history

Eastern Bank · Revenue · Quarterly

$154M

Q2 2024-21.2%vs Q2 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

Eastern Bank · $8.07M total across 2 segments · Q2 2023

  • Service charges on deposit accounts
    $7.24M
  • Interest rate swap income
    $825K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-1.0%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+1.9%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+5.6%

Q1 2023

Best reaction

-8.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-3.0%-3.3%
Q4 2025-1.5%-2.1%+5.2%
Q3 2025-3.8%-8.9%-0.8%
Q2 2025-2.0%-1.1%+8.1%
Q1 2025-6.5%-5.5%-6.4%
Q3 2024-4.6%+0.8%+12.9%
Q2 2024+4.8%+2.9%+3.4%
Q1 2024-0.7%-4.3%+3.4%
Q4 2023-0.2%+5.9%-5.6%
Q3 2023-2.6%-4.4%+4.9%
Q2 2023+1.3%-1.1%-8.0%
Q1 2023+5.6%-5.0%+2.5%
Q4 2022-8.6%-7.7%-9.6%
Q3 2022-8.4%-10.6%-8.8%
Q2 2022+2.4%+0.9%+0.8%
Q1 2022-2.0%-2.0%-0.3%
Q4 2021+0.3%+2.6%+6.3%
Q3 2021+2.6%+4.5%-0.9%
Q2 2021-1.4%-1.2%+7.6%
Q1 2021+0.4%+2.4%+5.4%
Q4 2020-0.4%+1.3%+10.1%
Q3 2020+5.1%+5.0%+15.9%
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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