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Eastern Bankshares cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$178M in Q3 2026 · $416M over twelve months

Operating cash flow$183M
Capital spending−$5.0M
Free cash flow+$178M
Cash / net income1.7×

Analysis

In Q3 2026, Eastern Bankshares generated $183M of operating cash flow and spent $5.0M on capital projects, leaving free cash flow of $178M. That is $30.1M more than in Q3 2025 ($148M).

Over the twelve months to Sep 30, 2026, operating cash flow was $433M; the largest uses were other investing ($819M), buybacks ($259M), dividends ($124M); besides operations, cash came from other financing ($912M), shares issued ($9.2M); the cash balance rose by $137M.

Operating cash flow was $183M against net income of $111M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$36.9M, depreciation & amortization +$15.1M, deferred taxes +$13.5M.

Free cash flow

Eastern Bankshares: free cash flow by quarterEastern Bankshares: free cash flow by quarter$83.4MQ4 2024$45.5MQ1 2025$119MQ2 2025$148MQ3 2025$99.8MQ4 2025−$12.5MQ1 2026$150MQ2 2026$178MQ3 2026
Operating cash flow less capital spending.
Eastern Bankshares: operating cash flow against capital spendingEastern Bankshares: operating cash flow against capital spendingOperating cash flowCapital spending$88.7M$5.3MQ4 2024$47.3M$1.8MQ1 2025$124M$4.6MQ2 2025$157M$8.8MQ3 2025$104M$4.3MQ4 2025−$9.5M$3.1MQ1 2026$155M$4.8MQ2 2026$183M$5.0MQ3 2026
Latest (Q3 2026): Operating cash flow $183M, Capital spending $5.0M.

Capital allocation, year by year

Eastern Bankshares: where the cash came from (up) and went (down), by fiscal yearEastern Bankshares: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $174MFY2021: Asset sales $22.0MFY2021: Capital spending −$5.7MFY2021: Acquisitions −$9.1MFY2021: Buybacks −$23.2MFY2021: Dividends −$51.6M$196MFY2021FY2022: Operating cash flow $230MFY2022: Asset sales $17.3MFY2022: Capital spending −$8.6MFY2022: Buybacks −$202MFY2022: Dividends −$65.9M$247MFY2022FY2023: Operating cash flow $262MFY2023: Capital spending −$8.1MFY2023: Dividends −$66.7M$262MFY2023FY2024: Operating cash flow $284MFY2024: Asset sales $15.1MFY2024: Capital spending −$13.5MFY2024: Acquisitions $24.9MFY2024: Buybacks −$27.7MFY2024: Dividends −$82.5M$324MFY2024FY2025: Operating cash flow $432MFY2025: Shares issued $5.1MFY2025: Capital spending −$19.4MFY2025: Acquisitions −$1.4MFY2025: Buybacks −$107MFY2025: Dividends −$106M$438MFY2025
Over these 5 years operating cash flow totalled $1.4B; the largest uses were dividends ($372M) and buybacks ($359M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$944M
Debtnone
Net cash$944M

Eastern Bankshares funds itself: free cash flow was $416M over the last twelve months, with $944M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Eastern Bankshares: sources (+) and uses (−) of cash, Q3 2026Eastern Bankshares: sources (+) and uses (−) of cash, Q3 2026Other financing$603MOther investing−$400MCash drawn (+) / kept (−)−$291MOperating cash flow$183MBuybacks−$57.7MDividends−$32.4MCapital spending−$5.0M
Eastern Bankshares: sources (+) and uses (−) of cash, TTM to Q3 2026Eastern Bankshares: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$912MOther investing−$819MOperating cash flow$433MBuybacks−$259MCash drawn (+) / kept (−)−$137MDividends−$124MCapital spending−$17.1MShares issued$9.2MAsset & business sales$2.3M

From profit to cash

Eastern Bankshares: net income to operating cash flow, Q3 2026Eastern Bankshares: net income to operating cash flow, Q3 2026Net income$111MDepreciation & amortization$15.1MStock-based pay$4.2MDeferred taxes$13.5MPrepaid and other assets−$778KOther liabilities$36.9MOperating cash flow$183M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$183M−$5.0M−$57.7M−$32.4M——−$291M$178M
Q2 2026$155M−$4.8M−$73.7M−$33.1M—$1.7M$75.4M$150M
Q1 2026−$9.5M−$3.1M−$73.4M−$28.8M—$2.4M−$14.7M−$12.5M
Q4 2025$104M−$4.3M−$54.7M−$29.5M—$5.1M$93.5M$99.8M
Q3 2025$157M−$8.8M—−$25.9M——$143M$148M
Q2 2025$124M−$4.6M−$5.5M−$26.3M——−$185M$119M
Q1 2025$47.3M−$1.8M−$46.5M−$24.1M−$3.5M—$638M$45.5M
Q4 2024$88.7M−$5.3M−$15.1M−$24.3M——−$117M$83.4M

Eastern Bankshares: income statement and cash flow

Eastern Bankshares, Q3 2026: revenue $307M (+27% year over year), operating margin 45.7%. The chart follows the revenue to costs, profit and cash.

Eastern Bankshares: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.