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Recap: Eastern Bankshares Q4 Earnings

Eastern Bankshares (NASDAQ:EBC) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:15 PM. Here’s what…
byBenzinga Insights
January 25, 2024
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Eastern Bankshares (NASDAQ:EBC) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:15 PM.

Here’s what investors need to know about the announcement.

Earnings

Eastern Bankshares missed estimated earnings by 50.0%, reporting an EPS of $0.1 versus an estimate of $0.2.

Revenue was down $34.46 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 3.94% drop in the share price the next day.

Here’s a look at Eastern Bankshares’s past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.28 0.30 0.32 0.34
EPS Actual 0.32 0.28 0.38 0.31
Revenue Estimate 140.33M 140.05M 143.53M 170.72M
Revenue Actual 156.36M 195.42M 194.74M 194.51M

To track all earnings releases for Eastern Bankshares visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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