Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results
Eastern Bankshares, Inc. (EBC)
Company Research
Source: Business Wire
~ Earnings, Capital, and Liquidity Enhancements Resulting from Eastern Insurance Group LLC Asset Sale ~~ Growth in Core Deposits and Reduction in Wholesale Funding ~ BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company,” or together with its subsidiaries, “Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2023 fourth quarter financial results and the declaration of a quarterly cash dividend.On October 31, 2023, the Company completed the sale of the insurance operations of Eastern Insurance Group, LLC (“Eastern Insurance”), to Arthur J. Gallagher & Co. (“Gallagher”) for gross consideration of $515 million (“the insurance transaction”). The company recorded an after-tax gain of $294.5 million which is included in the fourth quarter results. The insurance transaction significantly improved the capital and funding position of the Company and will allow the Company to focus on the growth and strategic initiatives of i
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News
- Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares (EBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares (EBC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares, Inc. (EBC) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
EBC
Earnings
- 4/25/24 - Beat
EBC
Sec Filings
- 5/3/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/1/24 - Form ARS
- EBC's page on the SEC website