Eastern Bankshares Inc reports results for the quarter ended December 31 - Earnings Summary

• Eastern Bankshares Inc EBC.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of four analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 28 cents to 33 cents per share.

• Revenue rose 34.4% to $179.19 million from a year ago; analysts expected $176.58 million.

• Eastern Bankshares Inc's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $60.77 million.

• Eastern Bankshares Inc shares had risen by 1.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Eastern Bankshares Inc is $20.00

This summary was machine generated from LSEG data January 23 at 10:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)