Recap: Eastern Bankshares Q4 Earnings - Eastern Bankshares (NASDAQ:EBC)

Eastern Bankshares EBC reported its Q4 earnings results on Thursday, January 25, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Eastern Bankshares missed estimated earnings by 50.0%, reporting an EPS of $0.1 versus an estimate of $0.2.

Revenue was down $34.46 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 3.94% drop in the share price the next day.

Here's a look at Eastern Bankshares's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.28	0.30	0.32	0.34
EPS Actual	0.32	0.28	0.38	0.31
Revenue Estimate	140.33M	140.05M	143.53M	170.72M
Revenue Actual	156.36M	195.42M	194.74M	194.51M

To track all earnings releases for Eastern Bankshares visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.