Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, such as asset based lending portfolio; commercial real estate and construction; small business, residential real estate, and home equity loans; lines of credit; and 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 wealth management and trust services, financial planning, and portfolio management; and automated lock box collection, cash management, and account reconciliation services. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
Merger Momentum | Eastern Bankshares secures regulatory approvals for CATC merger, poised for strategic expansion and potential synergies in a transformative move |
Financial Resilience | Despite Q2 earnings miss, improved credit quality and solid financial metrics underscore Eastern Bankshares' stability and growth potential |
Shareholder Value Boost | New buyback program and consistent dividend growth signal management's confidence, with analyst targets ranging from $16 to $17 |
Navigating Challenges | Eastern Bankshares faces integration risks and competitive pressures, but strategic moves and market position offer opportunities for long-term success |
Metrics to compare | EBC | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipEBCPeersSector | |
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P/E Ratio | −48.2x | 0.0x | 9.5x | |
PEG Ratio | 0.43 | 0.00 | 0.03 | |
Price/Book | 0.8x | 0.0x | 1.0x | |
Price / LTM Sales | 5.5x | 0.0x | 2.8x | |
Upside (Analyst Target) | 24.7% | 0.0% | 13.1% | |
Fair Value Upside | Unlock | 0.0% | 2.3% | Unlock |