Filing Flows › Eastern Bankshares (EBC) › Q1 2025
Eastern Bankshares (EBC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Eastern Bankshares (EBC) reported revenue of $31.1M for the first quarter 2025 (Q1 2025), -80% from a year earlier and -86% from the quarter before. Operating margin was -590.9%, net loss $218M (699.2% of revenue).
Eastern Bankshares, Q1 2025: revenue $31.1M (-80% year over year), operating margin -590.9%, net loss $218M, operating cash flow $47.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.1M | -86% | -80% |
| Operating profit | −$184M | — | — |
| Net earnings | −$218M | — | — |
| Operating cash flow | $47.3M | -47% | +45% |
| Free cash flow | $45.5M | -45% | +51% |
What changed
Revenue was $31.1M in Q1 2025, down 80% year over year and down 86% from the previous quarter. Investment advisory fees was the largest line at 53% of revenue. Card income lost $6K year over year (roughly flat), 0% of the total change.
Operating costs exceeded revenue by $183.9M, an operating margin of -590.9%. Total costs grew 98% against a revenue fall of 80%. The quarter ended with a net loss of $217.7M, after a profit of $60.8M the previous quarter.
Operating cash flow was $47.3M (up 45% year over year). Non-cash charges added back $10.5M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $249.7M. Capital expenditures of $1.8M left free cash flow of $45.5M.
Questions
What was Eastern Bankshares' revenue in the first quarter 2025?
Eastern Bankshares (EBC) reported revenue of $31.1M for the first quarter 2025 (Q1 2025), -80% from a year earlier and -86% from the quarter before.
Was Eastern Bankshares profitable in the first quarter 2025?
Operating loss was $184M (-590.9% of revenue) and net loss $218M.
Source: Eastern Bankshares 10-Q on SEC EDGAR.