NASDAQ$EBC
Eastern Bankshares Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Eastern Bank reported a net loss due to a one-time stock donation to its charitable foundation, while operating net income remained strong and a quarterly cash dividend was initiated.
Eastern Bankshares, Inc. reported a net loss of $44.1 million for Q4 2020 due to a one-time donation of stock to the Eastern Bank Charitable Foundation. However, operating net income was $31.6 million, and the company initiated a quarterly cash dividend of $0.06 per share.
- Net loss was $44.1 million, or $0.26 per share, for the fourth quarter due to the stock contribution to the EBCF.
- Operating net income was $31.6 million, or $0.18 per share, for the fourth quarter.
- Total assets were $16.0 billion at December 31, 2020, representing an increase of $503.6 million or 3% from September 30, 2020.
- The Company's Board of Directors declared a quarterly cash dividend of $0.06 per common share.
Headline financials
Revenue & EPS history
Eastern Bank · Revenue · Quarterly
$153M
Revenue by segment
Eastern Bank · $8.07M total across 2 segments · Q2 2023
- Service charges on deposit accounts$7.24M—89.8%
- Interest rate swap income$825K—10.2%
Forward guidance
The company expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of the Company’s Board of Directors.
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 Q4 2020
-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
| Quarter | Report date | Reaction (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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