Eastern Bankshares Inc
NASDAQ:EBC
Eastern Bankshares Inc
Interest Expense
Eastern Bankshares Inc
Interest Expense Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Interest Expense | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Eastern Bankshares Inc
NASDAQ:EBC
|
Interest Expense
$339.2m
|
CAGR 3-Years
300%
|
CAGR 5-Years
59%
|
CAGR 10-Years
N/A
|
|
|
PNC Financial Services Group Inc
NYSE:PNC
|
Interest Expense
$12.9B
|
CAGR 3-Years
198%
|
CAGR 5-Years
28%
|
CAGR 10-Years
30%
|
|
|
M&T Bank Corp
NYSE:MTB
|
Interest Expense
$4.2B
|
CAGR 3-Years
232%
|
CAGR 5-Years
41%
|
CAGR 10-Years
31%
|
|
|
Truist Financial Corp
NYSE:TFC
|
Interest Expense
$11B
|
CAGR 3-Years
143%
|
CAGR 5-Years
39%
|
CAGR 10-Years
30%
|
|
|
Fifth Third Bancorp
NASDAQ:FITB
|
Interest Expense
$4.8B
|
CAGR 3-Years
122%
|
CAGR 5-Years
27%
|
CAGR 10-Years
27%
|
|
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
Interest Expense
$5.2B
|
CAGR 3-Years
341%
|
CAGR 5-Years
124%
|
CAGR 10-Years
59%
|
|
Eastern Bankshares Inc
Glance View
Eastern Bankshares Inc., a legacy etched over two centuries, embodies a journey from its humble Massachusetts roots in 1818 to becoming a formidable force in New England’s financial landscape. This storied institution, forged with a commitment to community and customer-focused banking, has long been a bedrock for its regional economy. Emerging from its historic affiliation to Eastern Bank, the largest and oldest mutual bank in the United States, Eastern Bankshares transitioned to a publicly traded entity in 2020, spotlighting its ambition for expansion and operational agility in a rapidly evolving banking sector. This conversion not only galvanized its capital foundation but also signaled a bold, new phase of growth and competition. Central to Eastern Bankshares' operational blueprint is its extensive suite of financial services, which extends beyond traditional banking into insurance and wealth management. The company garners revenue predominantly through interest income by leveraging a robust loan portfolio that includes real estate, commercial, and small business segments. Concurrently, its non-interest income, bolstered by a diverse array of services such as treasury management, investment advisory, and insurance brokerage, provides a resilient counterbalance to the cyclical nature of interest-based revenues. Capitalizing on its deep community ties and technological investments, Eastern Bankshares is strategically positioned to bridge the old and new, maintaining its core values while innovating to meet the dynamic needs of its customer base.
See Also
What is Eastern Bankshares Inc's Interest Expense?
Interest Expense
339.2m
USD
Based on the financial report for Dec 31, 2024, Eastern Bankshares Inc's Interest Expense amounts to 339.2m USD.
What is Eastern Bankshares Inc's Interest Expense growth rate?
Interest Expense CAGR 5Y
59%
Over the last year, the Interest Expense growth was 38%. The average annual Interest Expense growth rates for Eastern Bankshares Inc have been 300% over the past three years , 59% over the past five years .
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