Eastern Bankshares (EBC) Q4 Earnings: Wall Street Estimates Unveiled

Eastern Bankshares is set to report Q4 earnings, with analysts predicting significant growth in key financial metrics.

Eastern Bankshares (EBC) Q4 Earnings: Wall Street Estimates Unveiled
Eastern Bankshares (EBC) Q4 Earnings: Wall Street Estimates Unveiled

Boston: Eastern Bankshares, Inc. is gearing up to release its quarterly earnings report. Analysts expect earnings of $0.30 per share, which is a whopping 200% increase from last year. Revenue is projected to hit $210.25 million, up 31.4% year-over-year.

Interestingly, the earnings per share (EPS) estimate hasn’t changed in the last month. This shows that analysts are sticking to their guns with their predictions.

Before earnings reports come out, it’s smart to pay attention to any changes in earnings estimates. These shifts can really influence how investors react to the stock. Studies have shown a strong link between earnings estimate trends and short-term stock performance.

Investors often look at consensus earnings and revenue estimates to gauge how a company is doing. But digging into specific metrics can give you even more insight.

So, let’s take a look at what Wall Street analysts are forecasting for Eastern Bankshares. They expect the efficiency ratio to be around 62.0%, a nice drop from last year’s 75.6%.

For total interest-earning assets, analysts predict it will reach $23.58 billion, up from $20.35 billion last year.

Net interest income is estimated at $177.24 million, compared to $133.31 million in the same quarter last year.

Analysts also expect total noninterest income to be about $33.71 million, which is higher than last year’s $26.74 million.

For debit card processing fees, the estimate stands at $3.85 million, up from $3.40 million last year.

Trust and investment advisory fees are projected to hit $12.88 million, a big jump from $6.13 million last year.

Service charges on deposit accounts are expected to come in at $10.47 million, compared to $7.51 million last year.

Lastly, analysts think that other income will likely reach $5.70 million, slightly up from $5.61 million last year.

They also predict net interest income (FTE) will be around $180.92 million, compared to $137.79 million last year.

In the past month, Eastern Bankshares shares have gone up by 4.2%, while the S&P 500 has dipped by 2.1%. With a Zacks Rank of #3 (Hold), EBC is expected to follow the market trend in the near future.

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