Eastern Bankshares Inc
NASDAQ:EBC

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Eastern Bankshares Inc
NASDAQ:EBC
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Price: 17.48 USD 0.87% Market Closed
Market Cap: 3.8B USD
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Eastern Bankshares Inc
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Eastern Bankshares Inc
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Eastern Bankshares Inc
NASDAQ:EBC
Tax Provision
$63.3m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
PNC Financial Services Group Inc
NYSE:PNC
Tax Provision
-$1.2B
CAGR 3-Years
1%
CAGR 5-Years
-8%
CAGR 10-Years
2%
M&T Bank Corp
NYSE:MTB
Tax Provision
-$664.3m
CAGR 3-Years
-3%
CAGR 5-Years
-2%
CAGR 10-Years
-3%
Truist Financial Corp
NYSE:TFC
Tax Provision
$885m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Fifth Third Bancorp
NASDAQ:FITB
Tax Provision
-$576m
CAGR 3-Years
7%
CAGR 5-Years
1%
CAGR 10-Years
0%
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
Tax Provision
-$978m
CAGR 3-Years
-82%
CAGR 5-Years
-50%
CAGR 10-Years
-32%
No Stocks Found

Eastern Bankshares Inc
Glance View

Market Cap
3.8B USD
Industry
Banking

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.

EBC Intrinsic Value
19.65 USD
Undervaluation 11%
Intrinsic Value
Price

See Also

What is Eastern Bankshares Inc's Tax Provision?
Tax Provision
63.3m USD

Based on the financial report for Dec 31, 2023, Eastern Bankshares Inc's Tax Provision amounts to 63.3m USD.

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