Eastern Bankshares, Inc.EBC
| Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Interest and fees on loans | 372 | 368 | 476 | 652 |
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Taxable interest and dividends on available for sale securities | 32 | 58 | 119 | 101 |
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Nontaxable Interest And Dividends On Available For Sale Securities | 8 | 7 | 7 | 6 |
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Interest on federal funds sold and other short-term investments | - | - | 3 | 37 |
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Interest and dividends on trading securities | 0 | - | - | - |
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Total interest and dividend income | 413 | 435 | 605 | 796 |
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Total interest and dividend income | 413 | 435 | 605 | 796 |
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Interest on deposits | 11 | 5 | 29 | 226 |
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Interest on borrowings | 1 | 0 | 9 | 20 |
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Total interest expense | 12 | 5 | 37 | 246 |
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Net interest income | 401 | 430 | 568 | 550 |
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Provision for (release of) allowance for loan losses | - | - | 18 | 20 |
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Net interest income after provision for (release of) allowance for loan losses | 362 | 440 | 550 | 530 |
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Insurance commissions | 94 | 95 | 99 | - |
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Service charges on deposit accounts | 22 | 24 | 30 | 29 |
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Service charges on deposit accounts | 22 | 24 | 30 | 29 |
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Trust and investment advisory fees | 21 | 25 | 24 | 24 |
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Trust and investment advisory fees | 21 | 25 | 24 | 24 |
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Debit card processing fees | 10 | 12 | 13 | 13 |
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Debit card processing fees | 10 | 12 | 13 | 13 |
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Interest rate swap income | -1 | 6 | 6 | 2 |
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Interest rate swap income | -1 | 6 | 6 | 2 |
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Income (losses) from investments held in rabbi trusts | - | - | - | 9 |
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Income From Investments Held In Rabbi Trusts | 10 | 10 | -11 | - |
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Losses on sale of commercial and industrial loans | - | - | - | -3 |
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Trading Gain (Loss) | -0 | - | - | - |
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Gain (Loss) on Sale of Mortgage Loans | 7 | 4 | 0 | -1 |
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Gain (Loss) on Sale of Mortgage Loans | 7 | 4 | 0 | -1 |
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Debt Securities, Available-for-Sale, Realized Gain (Loss) | - | 1 | -3 | -333 |
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Debt Securities, Available-for-Sale, Realized Gain (Loss) | - | 1 | -3 | -333 |
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Other | 15 | 17 | 18 | 21 |
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Other | 15 | 17 | 18 | 21 |
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Total noninterest (loss) income | 178 | 193 | 176 | -238 |
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Total noninterest (loss) income | 178 | 193 | 176 | -238 |
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Labor and Related Expense | 262 | 296 | 298 | 253 |
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Occupancy, Net | 34 | 40 | 41 | 36 |
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Data processing | 45 | 51 | 57 | 55 |
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Professional Fees | 19 | 24 | 17 | 17 |
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Charitable contributions | 95 | - | - | - |
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Marketing | 9 | 9 | 10 | 8 |
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Marketing | 9 | 9 | 10 | 8 |
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Loan expenses | 7 | 7 | 6 | 4 |
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Loan expenses | 7 | 7 | 6 | 4 |
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FDIC insurance | 4 | 4 | 6 | 22 |
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FDIC insurance | 4 | 4 | 6 | 22 |
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Amortization of Intangible Assets | 3 | 3 | 4 | 2 |
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Amortization of Intangible Assets | 3 | 3 | 4 | 2 |
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Other | 28 | 2 | 31 | 21 |
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Other | 28 | 2 | 31 | 21 |
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Total noninterest expense | 505 | 444 | 470 | 419 |
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Total noninterest expense | 505 | 444 | 470 | 419 |
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(Loss) income from continuing operations before income tax expense | 36 | 189 | 257 | -126 |
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Income tax (benefit) expense | 13 | 34 | 57 | -63 |
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Net income | 23 | 155 | 200 | 232 |
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Net (loss) income from continuing operations | - | - | - | -63 |
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Earnings Per Share, Basic | 0.13 | 0.9 | 1.21 | 1.43 |
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Net income from discontinued operations | - | - | - | 295 |
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Earnings Per Share, Diluted | 0.13 | 0.9 | 1.21 | 1.43 |
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Net income | 23 | 155 | 200 | 232 |
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Income (Loss) from Continuing Operations, Per Basic Share | - | - | - | -0.39 |
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Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | - | - | - | 1.82 |
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Basic earnings per share (in dollars per share) | 0.13 | 0.9 | 1.21 | 1.43 |
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Income (Loss) from Continuing Operations, Per Diluted Share | - | - | - | -0.39 |
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Diluted earnings per share from discontinued operations (in dollars per share) | - | - | - | 1.82 |
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Diluted earnings per share (in dollars per share) | 0.13 | 0.9 | 1.21 | 1.43 |
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