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Eastern Bankshares (EBC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Eastern Bankshares (EBC) Q3 2026 earnings results →
Q3 2026 Revenue up 27% year over year to $307M · 36¢ of every $1 of revenue kept as net profit · operating margin 45.7%
Eastern Bankshares made $307M in Q3 2026 (+27% Y/Y). Operating margin 45.7%, net earnings $111M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $306.6M in Q3 2026, up 27% year over year and down 1% from the previous quarter.
Operating profit was $140.1M, a 45.7% margin (up 6.8 points year over year). Of the extra revenue versus Q3 2025, 71% reached operating profit, above the 39% margin then. Total costs grew 13% against revenue growth of 27%. The fastest-growing cost line was Noninterest expense (+14%). Net earnings were $111.0M, up 5% year over year. The effective tax rate was 20.8%.
Operating cash flow was $183.4M (up 17% year over year), 165% of net earnings. Non-cash charges added back $15.1M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $53.0M. Capital expenditures of $5.0M left free cash flow of $178.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $307M | +27% | 45.7% | $111M | $183M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $310M | +26% | 43.6% | $105M | $155M |
| Q1 2026 | 10-Q | May 8, 2026 | $288M | +826% | 29.1% | $65.3M | −$9.5M |
| Q4 2025 | 10-K | Mar 2, 2026 | $283M | +31% | 31.5% | $99.5M | $104M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $242M | +19% | 38.9% | $106M | $157M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $245M | +59% | 41.0% | $100M | $124M |
| Q1 2025 | 10-Q | May 8, 2025 | $31.1M | -80% | -590.9% | −$218M | $47.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Eastern Bankshares
Eastern Bankshares, Inc., a Massachusetts corporation, which we sometimes refer to as the “Company,” is a bank holding company headquartered in Boston, Massachusetts that was incorporated under Massachusetts law in 2020. We are the sole shareholder of Eastern Bank, which we sometimes refer to as the “Bank,” a Massachusetts-chartered bank founded in 1818. Through the Bank, we provide a variety of banking and trust and investment services. As of December 31, 2025, we had total consolidated assets of $30.6 billion, total gross loans of $23.6 billion, total deposits of $25.5 billion and total shareholders’ equity of $4.3 billion. We are subject to comprehensive regulation and examination by the Massachusetts Commissioner of Banks, the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board, the Consumer Financial Protection Bureau and the New Hampshire Banking Department.
In its own words, from its 10-K, filed Mar 2, 2026.
Eastern Bankshares against its Savings Institution, Federally Chartered peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +27% against the peers' median +8%. Operating margin: 45.7% against the peers' median 37.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EBC Eastern Bankshares | Q3 2026 | $307M | +27% | 45.7% |
| AX Axos Financial | Q1 FY27 | $395M | +22% | 44.3% |
| BKU BankUnited | Q3 2026 | $280M | +2% | 34.6% |
| PFS Provident Financial Services | Q3 2026 | $239M | +8% | 38.8% |
| NRIM Northrim Bancorp | Q3 2026 | $69.9M | -9% | 26.8% |
| HTB HomeTrust Bancshares | Q3 2026 | $55.5M | +3% | 37.1% |
| KRNY Kearny Financial | Q1 FY27 | $45.3M | +4% | 28.0% |
| PDLB Ponce Financial Group | Q3 2026 | $34.8M | +30% | 35.5% |
| FMAO Farmers & Merchants Bancorp | Q3 2026 | $34.8M | +11% | 40.8% |
Source: Eastern Bankshares 10-Q on SEC EDGAR · CIK 1810546 · Savings Institution, Federally Chartered
Guidance and outlook
13F: who owns EBC and who is buying
More on EBC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results