EBC
Eastern Bankshares, Inc.
EBC's fundamentals are strong: revenue grew 62% and its operating margin rose 26 points to 38%. At 13x earnings, it's trading below its usual 17x. Analysts expect earnings growth.
EBC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
EBC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like EBC.
EBC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.7x | $13.54 | -40% |
| Forward | 11x | $22.76 | — |
| Current | 13x | $22.76 | — |
| Fair | 16x | $28.79 | +27% |
| Expensive | 48x | $84.82 | +273% |
Historical ranges are pointers, not guarantees.
EBC's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
EBC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for EBC, with profitability improving.
EBC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.10 | +19% |
| Q3 2026 | $1.76 | +633% |
| Q2 2026 | $1.78 | +$2.10 |
| Q1 2026 | $1.80 | +$2.46 |
| Q4 2025 | $0.43 | -35% |
| Q3 2025 | $0.24 | -90% |
| Q2 2025 | -$0.32 | -112% |
| Q1 2025 | -$0.66 | -123% |
| Q4 2024 | $0.66 | -54% |
EBC's earnings per share have fallen from their peak: $1.76 over the past year, against $2.87 in early 2024.
EBC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $306.6M | +27% |
| Q2 2026 | $309.5M | +26% |
| Q1 2026 | $288.2M | +826% |
| Q4 2025 | $283.5M | +31% |
| Q3 2025 | $241.5M | +19% |
| Q2 2025 | $244.9M | +59% |
| Q1 2025 | $31.1M | -80% |
| Q4 2024 | $216.5M | +35% |
EBC's revenue has grown year over year for six quarters in a row: $307M last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +6.8 points |
| Q2 2026 | 44% | +2.6 points |
| Q1 2026 | 29% | +620 points |
| Q4 2025 | 31% | -1.9 points |
| Q3 2025 | 39% | +41 points |
| Q2 2025 | 41% | +16 points |
| Q1 2025 | -591% | -622 points |
| Q4 2024 | 33% | +12 points |
EBC's operating margin was 46% last quarter, up 6.8 points from the same quarter a year ago, near the top of its range since 2020.
EBC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $178.5M | +20% |
| Q2 2026 | $149.8M | +26% |
| Q1 2026 | -$12.5M | -128% |
| Q4 2025 | $99.8M | +20% |
| Q3 2025 | $148.4M | +39% |
| Q2 2025 | $119.3M | +137% |
| Q1 2025 | $45.5M | +51% |
| Q4 2024 | $83.4M | +71% |
EBC's free cash flow was $416M over the past year, up 4.8% from the year before. Free cash flow isn't a meaningful measure for financial services companies like EBC.
EBC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -2.1M shares |
| 1 year | +8.9% | +17.7M shares |
| 3 years | +34% | +54.7M shares |
| 5 years | +26% | +44.9M shares |
| Available history | +16% | +30.4M shares |
EBC has 217M diluted shares, up 8.9% from a year ago, despite $259M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.7M |
| Q2 2026 | $73.7M |
| Q1 2026 | $73.4M |
| Q4 2025 | $54.7M |
| Q3 2025 | — |
| Q2 2025 | $5.5M |
| Q1 2025 | $46.5M |
| Q4 2024 | $15.1M |
EBC spent $259M buying back its own shares over the past year, about four times what it spent the year before.
EBC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -5.9x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
| Q3 2024 | -0.7x | Net Cash |
EBC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like EBC.
EBC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.7 | Neutral |
| Stochastic | 66.8 | Neutral |
EBC's weekly RSI is 61 (neutral) and its Stochastic is 67 (neutral).
EBC PE vs Financial Services Sector
| Metric | EBC | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.7% below |
| PE % | 42 | 61 | 19 pts below |
EBC is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
EBC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.0 | 3.7% above |
| 20 week MA | $22.3 | 2% above |
| 50 week MA | $20.9 | 9% above |
| 100 week MA | $18.8 | 21% above |
| 200 week MA | $16.4 | 39% above |
EBC is in an uptrend: it's above all five of its weekly moving averages, and 39% above its 200-week average.
EBC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.9 | $16.8 | +41% |
| 2021 | $16.8 | $20.2 | +20% |
| 2022 | $20.2 | $17.1 | -15% |
| 2023 | $17.1 | $14.2 | -17% |
| 2024 | $14.2 | $17.2 | +21% |
| 2025 | $17.2 | $18.8 | +9.2% |
| 2026 YTD | $18.8 | $22.8 | +21% |
EBC has finished higher in four of the last six years. It's up 21% so far in 2026.