◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-K Filing

EASTERN BANKSHARES, INC. CIK: 1810546 FY 2021
Filing Information
Form Type 10-K
Accession Number 0001628280-22-004022
Period End Date 20211231
Filing Date 20220225
Fiscal Year 2021
Fiscal Period FY
XBRL Instance ebc-20211231_htm.xml
Balance Sheet 89 line items
Line Item Tag Value Unit Period
Common stock, par value (in shares) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in shares) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 1.00B shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 1.00B shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 186.31M shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 186.76M shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 186.76M shares Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 186.76M shares Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 186.31M shares Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 186.76M shares Point-in-time
Cash and due from banks CashAndDueFromBanks $144.63M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $116.59M USD Point-in-time
Short-term investments ShortTermInvestments $1.94B USD Point-in-time
Short-term investments ShortTermInvestments $1.09B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $1.23B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $2.05B USD Point-in-time
Available for sale securities AvailableForSaleSecuritiesDebtSecurities $3.18B USD Point-in-time
Available for sale securities AvailableForSaleSecuritiesDebtSecurities $8.51B USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleAmount $1.21M USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleAmount $1.14M USD Point-in-time
Total loans FinancingReceivableBeforeAllowanceForCreditLossAndFee $12.28B USD Point-in-time
Total loans FinancingReceivableBeforeAllowanceForCreditLossAndFee $9.73B USD Point-in-time
Total loans FinancingReceivableBeforeAllowanceForCreditLossAndFee $8.99B USD Point-in-time
Less: allowance for loan losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $82.30M USD Point-in-time
Less: allowance for loan losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $80.66M USD Point-in-time
Less: allowance for loan losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $113.03M USD Point-in-time
Less: allowance for loan losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $97.79M USD Point-in-time
Less: unamortized premiums, net of unearned discounts and deferred fees FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount $-23.54M USD Point-in-time
Less: unamortized premiums, net of unearned discounts and deferred fees FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount $-26.44M USD Point-in-time
Net loans FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $12.16B USD Point-in-time
Net loans FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $9.59B USD Point-in-time
Federal Home Loan Bank stock, at cost FederalHomeLoanBankStock $8.80M USD Point-in-time
Federal Home Loan Bank stock, at cost FederalHomeLoanBankStock $10.90M USD Point-in-time
Premises and equipment PropertyPlantAndEquipmentIncludingAssetsHeldForSaleNotPartOfDisposalGroup $80.98M USD Point-in-time
Premises and equipment PropertyPlantAndEquipmentIncludingAssetsHeldForSaleNotPartOfDisposalGroup $49.40M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $157.09M USD Point-in-time
Bank-owned life insurance BankOwnedLifeInsurance $78.56M USD Point-in-time
Goodwill and other intangibles, net IntangibleAssetsNetIncludingGoodwill $649.70M USD Point-in-time
Goodwill and other intangibles, net IntangibleAssetsNetIncludingGoodwill $376.53M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $13.23M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $76.53M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $179.33M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $148.68M USD Point-in-time
Other assets OtherAssets $455.95M USD Point-in-time
Other assets OtherAssets $456.08M USD Point-in-time
Total assets Assets $11.63B USD Point-in-time
Total assets Assets $15.96B USD Point-in-time
Total assets Assets $23.51B USD Point-in-time
Demand DemandDepositAccounts $7.02B USD Point-in-time
Demand DemandDepositAccounts $4.91B USD Point-in-time
Interest checking accounts InterestBearingDomesticDepositChecking $2.38B USD Point-in-time
Interest checking accounts InterestBearingDomesticDepositChecking $4.48B USD Point-in-time
Savings accounts DepositsSavingsDeposits $1.26B USD Point-in-time
Savings accounts DepositsSavingsDeposits $2.08B USD Point-in-time
Money market investment DepositsMoneyMarketDeposits $5.53B USD Point-in-time
Money market investment DepositsMoneyMarketDeposits $3.35B USD Point-in-time
Certificates of deposit TimeDeposits $526.38M USD Point-in-time
Certificates of deposit TimeDeposits $258.86M USD Point-in-time
Total deposits Deposits $12.16B USD Point-in-time
Total deposits Deposits $19.63B USD Point-in-time
Federal Home Loan Bank advances FederalHomeLoanBankAdvancesLongTerm $14.02M USD Point-in-time
Federal Home Loan Bank advances FederalHomeLoanBankAdvancesLongTerm $14.62M USD Point-in-time
Escrow deposits of borrowers EscrowDepositsOfBorrowers $13.43M USD Point-in-time
Escrow deposits of borrowers EscrowDepositsOfBorrowers $20.26M USD Point-in-time
Total borrowed funds CarryingValueOfBorrowedFunds $28.05M USD Point-in-time
Total borrowed funds CarryingValueOfBorrowedFunds $34.28M USD Point-in-time
Other liabilities OtherLiabilities $443.19M USD Point-in-time
Other liabilities OtherLiabilities $352.31M USD Point-in-time
Total liabilities Liabilities $20.11B USD Point-in-time
Total liabilities Liabilities $12.54B USD Point-in-time
Total liabilities Liabilities $10.03B USD Point-in-time
Commitments and contingencies (see footnote 17) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see footnote 17) CommitmentsAndContingencies - USD Point-in-time
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 186,305,332 and 186,758,154 shares issued and outstanding at December 31, 2021 and 2020, respectively CommonStockValue $1.86M USD Point-in-time
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 186,305,332 and 186,758,154 shares issued and outstanding at December 31, 2021 and 2020, respectively CommonStockValue $1.87M USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $1.84B USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $1.85B USD Point-in-time
Unallocated common shares held by the Employee Stock Ownership Plan UnearnedESOPShares $142.71M USD Point-in-time
Unallocated common shares held by the Employee Stock Ownership Plan UnearnedESOPShares $147.72M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.77B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.67B USD Point-in-time
Accumulated other comprehensive income, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $54.23M USD Point-in-time
Accumulated other comprehensive income, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-56.70M USD Point-in-time
Total shareholders equity StockholdersEquity $1.43B USD Point-in-time
Total shareholders equity StockholdersEquity $1.60B USD Point-in-time
Total shareholders equity StockholdersEquity $3.41B USD Point-in-time
Total shareholders equity StockholdersEquity $3.43B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $15.96B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $23.51B USD Point-in-time
Income Statement 120 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $372.15M USD Annual
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $367.58M USD Annual
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $402.09M USD Annual
Taxable interest and dividends on available for sale securities TaxableInterestAndDividendsOnAvailableForSaleSecurities $58.31M USD Annual
Taxable interest and dividends on available for sale securities TaxableInterestAndDividendsOnAvailableForSaleSecurities $31.82M USD Annual
Taxable interest and dividends on available for sale securities TaxableInterestAndDividendsOnAvailableForSaleSecurities $31.40M USD Annual
Non-taxable interest and dividends on available for sale securities NontaxableInterestAndDividendsOnAvailableForSaleSecurities $7.59M USD Annual
Non-taxable interest and dividends on available for sale securities NontaxableInterestAndDividendsOnAvailableForSaleSecurities $7.38M USD Annual
Non-taxable interest and dividends on available for sale securities NontaxableInterestAndDividendsOnAvailableForSaleSecurities $8.31M USD Annual
Interest on federal funds sold and other short-term investments InterestOnFederalFundsSoldAndOtherShorttermInvestments $1.76M USD Annual
Interest on federal funds sold and other short-term investments InterestOnFederalFundsSoldAndOtherShorttermInvestments $1.89M USD Annual
Interest on federal funds sold and other short-term investments InterestOnFederalFundsSoldAndOtherShorttermInvestments $2.98M USD Annual
Interest and dividends on trading securities InterestAndDividendIncomeSecurities $242.00K USD Annual
Interest and dividends on trading securities InterestAndDividendIncomeSecurities $6.00K USD Annual
Interest and dividends on trading securities InterestAndDividendIncomeSecurities - USD Annual
Total interest and dividend income InterestAndDividendIncomeOperating $435.16M USD Annual
Total interest and dividend income InterestAndDividendIncomeOperating $413.33M USD Annual
Total interest and dividend income InterestAndDividendIncomeOperating $445.02M USD Annual
Interest on deposits InterestExpenseDeposits $27.30M USD Annual
Interest on deposits InterestExpenseDeposits $5.17M USD Annual
Interest on deposits InterestExpenseDeposits $11.31M USD Annual
Interest on borrowings InterestExpenseBorrowings $762.00K USD Annual
Interest on borrowings InterestExpenseBorrowings $165.00K USD Annual
Interest on borrowings InterestExpenseBorrowings $6.45M USD Annual
Total interest expense InterestExpense $12.08M USD Annual
Total interest expense InterestExpense $33.75M USD Annual
Total interest expense InterestExpense $5.33M USD Annual
Net interest income InterestIncomeExpenseNet $401.25M USD Annual
Net interest income InterestIncomeExpenseNet $429.83M USD Annual
Net interest income InterestIncomeExpenseNet $411.26M USD Annual
(Release of) provision for loan losses ProvisionForLoanLossesExpensed $38.80M USD Annual
(Release of) provision for loan losses ProvisionForLoanLossesExpensed $6.30M USD Annual
(Release of) provision for loan losses ProvisionForLoanLossesExpensed $-9.69M USD Annual
Net interest income after (release of) provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $439.51M USD Annual
Net interest income after (release of) provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $404.96M USD Annual
Net interest income after (release of) provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $362.45M USD Annual
Insurance commissions BrokerageCommissionsRevenue $94.50M USD Annual
Insurance commissions BrokerageCommissionsRevenue $94.70M USD Annual
Insurance commissions BrokerageCommissionsRevenue $90.59M USD Annual
Service charges on deposit accounts ServiceChargesOnDepositAccounts $24.27M USD Annual
Service charges on deposit accounts ServiceChargesOnDepositAccounts $21.56M USD Annual
Service charges on deposit accounts ServiceChargesOnDepositAccounts $27.04M USD Annual
Trust and investment advisory fees TrustAndInvestmentAdvisoryFees $24.59M USD Annual
Trust and investment advisory fees TrustAndInvestmentAdvisoryFees $19.65M USD Annual
Trust and investment advisory fees TrustAndInvestmentAdvisoryFees $21.10M USD Annual
Debit card processing fees DebitCardProcessingFees $10.28M USD Annual
Debit card processing fees DebitCardProcessingFees $12.12M USD Annual
Debit card processing fees DebitCardProcessingFees $10.45M USD Annual
Interest rate swap income (losses) InterestRateSwapIncomeLosses $4.36M USD Annual
Interest rate swap income (losses) InterestRateSwapIncomeLosses $-1.38M USD Annual
Interest rate swap income (losses) InterestRateSwapIncomeLosses $5.63M USD Annual
Income from investments held in rabbi trusts IncomeFromInvestmentsHeldInRabbiTrusts $10.22M USD Annual
Income from investments held in rabbi trusts IncomeFromInvestmentsHeldInRabbiTrusts $9.87M USD Annual
Income from investments held in rabbi trusts IncomeFromInvestmentsHeldInRabbiTrusts $10.34M USD Annual
(Losses) gains on trading securities, net TradingGainsLosses $1.30M USD Annual
(Losses) gains on trading securities, net TradingGainsLosses $-4.00K USD Annual
(Losses) gains on trading securities, net TradingGainsLosses - USD Annual
Gains on sales of mortgage loans held for sale, net GainLossOnSaleOfMortgageLoans $3.60M USD Annual
Gains on sales of mortgage loans held for sale, net GainLossOnSaleOfMortgageLoans $7.07M USD Annual
Gains on sales of mortgage loans held for sale, net GainLossOnSaleOfMortgageLoans $795.00K USD Annual
Gains on sales of securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $288.00K USD Annual
Gains on sales of securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $2.02M USD Annual
Gains on sales of securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $1.17M USD Annual
Other NoninterestIncomeOther $14.63M USD Annual
Other NoninterestIncomeOther $16.23M USD Annual
Other NoninterestIncomeOther $16.85M USD Annual
Total noninterest income NoninterestIncome $178.37M USD Annual
Total noninterest income NoninterestIncome $182.30M USD Annual
Total noninterest income NoninterestIncome $193.16M USD Annual
Salaries and employee benefits LaborAndRelatedExpense $252.24M USD Annual
Salaries and employee benefits LaborAndRelatedExpense $261.83M USD Annual
Salaries and employee benefits LaborAndRelatedExpense $295.92M USD Annual
Office occupancy and equipment OccupancyNet $33.80M USD Annual
Office occupancy and equipment OccupancyNet $40.47M USD Annual
Office occupancy and equipment OccupancyNet $36.46M USD Annual
Data processing InformationTechnologyAndDataProcessing $50.84M USD Annual
Data processing InformationTechnologyAndDataProcessing $45.94M USD Annual
Data processing InformationTechnologyAndDataProcessing $45.26M USD Annual
Professional services ProfessionalFees $24.48M USD Annual
Professional services ProfessionalFees $18.90M USD Annual
Professional services ProfessionalFees $15.96M USD Annual
Charitable contributions CharitableContributions $95.27M USD Annual
Charitable contributions CharitableContributions $12.90M USD Annual
Charitable contributions CharitableContributions - USD Annual
Marketing MarketingExpense $9.62M USD Annual
Marketing MarketingExpense $8.88M USD Annual
Marketing MarketingExpense $8.74M USD Annual
Operating Costs and Expenses OperatingCostsAndExpenses $2.49M USD Annual
Operating Costs and Expenses OperatingCostsAndExpenses $7.79M USD Annual
Operating Costs and Expenses OperatingCostsAndExpenses $3.21M USD Annual
Loan expenses LoanProcessingFee $4.59M USD Annual
Loan expenses LoanProcessingFee $6.52M USD Annual
Loan expenses LoanProcessingFee $6.73M USD Annual
FDIC insurance FederalDepositInsuranceCorporationPremiumExpense $3.73M USD Annual
FDIC insurance FederalDepositInsuranceCorporationPremiumExpense $4.23M USD Annual
FDIC insurance FederalDepositInsuranceCorporationPremiumExpense $1.88M USD Annual
Amortization of intangible assets AmortizationOfIntangibleAssets $2.51M USD Annual
Amortization of intangible assets AmortizationOfIntangibleAssets $3.54M USD Annual
Amortization of intangible assets AmortizationOfIntangibleAssets $2.86M USD Annual
Other OtherNoninterestExpense $2.48M USD Annual
Other OtherNoninterestExpense $26.34M USD Annual
Other OtherNoninterestExpense $25.18M USD Annual
Total noninterest expense NoninterestExpense $504.92M USD Annual
Total noninterest expense NoninterestExpense $443.96M USD Annual
Total noninterest expense NoninterestExpense $412.68M USD Annual
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $188.71M USD Annual
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $174.58M USD Annual
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $35.90M USD Annual
Income tax expense IncomeTaxExpenseBenefit $39.48M USD Annual
Income tax expense IncomeTaxExpenseBenefit $34.05M USD Annual
Income tax expense IncomeTaxExpenseBenefit $13.16M USD Annual
Net income NetIncomeLoss $135.10M USD Annual
Net income NetIncomeLoss $22.74M USD Annual
Net income NetIncomeLoss $154.66M USD Annual
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.90 USD Annual
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.13 USD Annual
Basic earnings per share (in dollars per share) EarningsPerShareBasic - USD Annual
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.90 USD Annual
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted - USD Annual
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.13 USD Annual
Cash Flow Statement 175 line items
Line Item Tag Value Unit Period
Issuance of common shares to the Eastern Bank Foundation (in shares) StockIssuedDuringPeriodSharesCharitableDonations 7.47M shares Annual
Net income NetIncomeLoss $135.10M USD Annual
Net income NetIncomeLoss $22.74M USD Annual
Issuance of common shares donated to the Eastern Bank Foundation StockIssuedDuringPeriodValueCharitableDonations $91.29M USD Annual
Net income NetIncomeLoss $154.66M USD Annual
(Release of) provision for loan losses ProvisionForLoanLossesExpensed $38.80M USD Annual
(Release of) provision for loan losses ProvisionForLoanLossesExpensed $6.30M USD Annual
(Release of) provision for loan losses ProvisionForLoanLossesExpensed $-9.69M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $15.83M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $14.48M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $19.48M USD Annual
(Accretion) amortization of deferred loan fees and premiums, net ChangeInUnamortizedNetLoanCostsAndPremiums $-14.57M USD Annual
(Accretion) amortization of deferred loan fees and premiums, net ChangeInUnamortizedNetLoanCostsAndPremiums $5.13M USD Annual
(Accretion) amortization of deferred loan fees and premiums, net ChangeInUnamortizedNetLoanCostsAndPremiums $-27.99M USD Annual
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $-20.36M USD Annual
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $1.38M USD Annual
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $-5.31M USD Annual
Amortization of investment security premiums and discounts, net AmortizationOfDebtDiscountPremium $16.71M USD Annual
Amortization of investment security premiums and discounts, net AmortizationOfDebtDiscountPremium $5.58M USD Annual
Amortization of investment security premiums and discounts, net AmortizationOfDebtDiscountPremium $3.06M USD Annual
Right-of-use asset amortization RightOfUseAssetAmortization - USD Annual
Right-of-use asset amortization RightOfUseAssetAmortization $12.70M USD Annual
Right-of-use asset amortization RightOfUseAssetAmortization $12.08M USD Annual
Increase in cash surrender value of bank-owned life insurance IncreaseDecreaseInInsuranceSettlementsReceivable $2.19M USD Annual
Increase in cash surrender value of bank-owned life insurance IncreaseDecreaseInInsuranceSettlementsReceivable $2.35M USD Annual
Increase in cash surrender value of bank-owned life insurance IncreaseDecreaseInInsuranceSettlementsReceivable $2.11M USD Annual
Gain on life insurance benefits BankOwnedLifeInsuranceIncome $1.81M USD Annual
Gain on life insurance benefits BankOwnedLifeInsuranceIncome $174.00K USD Annual
Gain on life insurance benefits BankOwnedLifeInsuranceIncome - USD Annual
Gain on sale of securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $288.00K USD Annual
Gain on sale of securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $2.02M USD Annual
Gain on sale of securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $1.17M USD Annual
Loss on bank premises and equipment, net GainLossOnDispositionOfAssets $-271.00K USD Annual
Loss on bank premises and equipment, net GainLossOnDispositionOfAssets $-73.00K USD Annual
Loss on bank premises and equipment, net GainLossOnDispositionOfAssets $-4.71M USD Annual
Loss on lease termination/modification, net GainLossOnTerminationOfLease - USD Annual
Loss on lease termination/modification, net GainLossOnTerminationOfLease - USD Annual
Loss on lease termination/modification, net GainLossOnTerminationOfLease $-2.18M USD Annual
Amortization of gains from terminated interest rate swaps AmortizationOfDeferredHedgeGains - USD Annual
Amortization of gains from terminated interest rate swaps AmortizationOfDeferredHedgeGains $-31.23M USD Annual
Amortization of gains from terminated interest rate swaps AmortizationOfDeferredHedgeGains $-15.89M USD Annual
ESOP expense ShareBasedCompensation $9.41M USD Annual
ESOP expense ShareBasedCompensation $2.35M USD Annual
ESOP expense ShareBasedCompensation - USD Annual
Issuance of common shares donated to the Eastern Bank Foundation IssuanceOfCommonStockForCharitableDonations - USD Annual
Issuance of common shares donated to the Eastern Bank Foundation IssuanceOfCommonStockForCharitableDonations $91.29M USD Annual
Issuance of common shares donated to the Eastern Bank Foundation IssuanceOfCommonStockForCharitableDonations - USD Annual
Other OtherOperatingActivitiesCashFlowStatement $-526.00K USD Annual
Other OtherOperatingActivitiesCashFlowStatement $-587.00K USD Annual
Other OtherOperatingActivitiesCashFlowStatement - USD Annual
Trading securities IncreaseDecreaseInTradingSecurities $-961.00K USD Annual
Trading securities IncreaseDecreaseInTradingSecurities $-51.94M USD Annual
Trading securities IncreaseDecreaseInTradingSecurities - USD Annual
Loans held for sale IncreaseDecreaseInLoansHeldForSale $47.00K USD Annual
Loans held for sale IncreaseDecreaseInLoansHeldForSale $1.13M USD Annual
Loans held for sale IncreaseDecreaseInLoansHeldForSale $4.00K USD Annual
Prepaid pension expense IncreaseDecreaseInPrepaidExpense $-1.13M USD Annual
Prepaid pension expense IncreaseDecreaseInPrepaidExpense $11.03M USD Annual
Prepaid pension expense IncreaseDecreaseInPrepaidExpense $24.05M USD Annual
Other assets IncreaseDecreaseInOtherOperatingAssets $-61.50M USD Annual
Other assets IncreaseDecreaseInOtherOperatingAssets $30.95M USD Annual
Other assets IncreaseDecreaseInOtherOperatingAssets $89.59M USD Annual
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $48.98M USD Annual
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $19.68M USD Annual
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-22.88M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $174.49M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $196.22M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $69.85M USD Annual
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $9.10M USD Annual
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $23.80M USD Annual
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $47.98M USD Annual
Proceeds from maturities and principal paydowns of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $204.06M USD Annual
Proceeds from maturities and principal paydowns of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $452.39M USD Annual
Proceeds from maturities and principal paydowns of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $939.58M USD Annual
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $2.11B USD Annual
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $3.32B USD Annual
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $252.57M USD Annual
Proceeds from sale of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock $749.00K USD Annual
Proceeds from sale of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock $42.03M USD Annual
Proceeds from sale of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock $6.69M USD Annual
Purchases of Federal Home Loan Bank stock PaymentsToAcquireFederalHomeLoanBankStock $527.00K USD Annual
Purchases of Federal Home Loan Bank stock PaymentsToAcquireFederalHomeLoanBankStock $33.10M USD Annual
Purchases of Federal Home Loan Bank stock PaymentsToAcquireFederalHomeLoanBankStock $2.10M USD Annual
Contributions to low income housing tax credit investments ContributionsToLowIncomeHousingTaxCreditInvestments $-6.35M USD Annual
Contributions to low income housing tax credit investments ContributionsToLowIncomeHousingTaxCreditInvestments $-12.37M USD Annual
Contributions to low income housing tax credit investments ContributionsToLowIncomeHousingTaxCreditInvestments $-11.38M USD Annual
Contributions to other equity investments PaymentsToAcquireOtherInvestments $4.54M USD Annual
Contributions to other equity investments PaymentsToAcquireOtherInvestments $2.52M USD Annual
Contributions to other equity investments PaymentsToAcquireOtherInvestments $4.39M USD Annual
Distributions from other equity investments ProceedsFromSaleOfOtherInvestments $201.00K USD Annual
Distributions from other equity investments ProceedsFromSaleOfOtherInvestments $62.00K USD Annual
Distributions from other equity investments ProceedsFromSaleOfOtherInvestments $337.00K USD Annual
Proceeds from life insurance policies ProceedsFromLifeInsurancePolicies - USD Annual
Proceeds from life insurance policies ProceedsFromLifeInsurancePolicies $1.35M USD Annual
Proceeds from life insurance policies ProceedsFromLifeInsurancePolicies - USD Annual
Net decrease (increase) in outstanding loans ProceedsFromPaymentsForOutstandingLoans $-380.81M USD Annual
Net decrease (increase) in outstanding loans ProceedsFromPaymentsForOutstandingLoans $135.67M USD Annual
Net decrease (increase) in outstanding loans ProceedsFromPaymentsForOutstandingLoans $719.04M USD Annual
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $13.44M USD Annual
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD Annual
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.36M USD Annual
Purchased banking premises and equipment, net PaymentsToAcquireOtherPropertyPlantAndEquipment $7.19M USD Annual
Purchased banking premises and equipment, net PaymentsToAcquireOtherPropertyPlantAndEquipment $5.14M USD Annual
Purchased banking premises and equipment, net PaymentsToAcquireOtherPropertyPlantAndEquipment $5.73M USD Annual
Proceeds from sale of premises held for sale ProceedsFromSaleOfPropertyPlantAndEquipment - USD Annual
Proceeds from sale of premises held for sale ProceedsFromSaleOfPropertyPlantAndEquipment $21.98M USD Annual
Proceeds from sale of premises held for sale ProceedsFromSaleOfPropertyPlantAndEquipment - USD Annual
Proceeds from sale of other real estate owned ProceedsFromSaleOfForeclosedAssets $125.00K USD Annual
Proceeds from sale of other real estate owned ProceedsFromSaleOfForeclosedAssets - USD Annual
Proceeds from sale of other real estate owned ProceedsFromSaleOfForeclosedAssets $646.00K USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-145.27M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.99B USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.39B USD Annual
Net increase in demand, savings, interest checking, and money market investment deposit accounts IncreaseDecreaseInDemandDeposits $297.71M USD Annual
Net increase in demand, savings, interest checking, and money market investment deposit accounts IncreaseDecreaseInDemandDeposits $2.67B USD Annual
Net increase in demand, savings, interest checking, and money market investment deposit accounts IncreaseDecreaseInDemandDeposits $1.16B USD Annual
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-145.81M USD Annual
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-58.14M USD Annual
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-70.28M USD Annual
Net increase (decrease) in borrowed funds ProceedsFromRepaymentsOfBorrowedFunds $2.58M USD Annual
Net increase (decrease) in borrowed funds ProceedsFromRepaymentsOfBorrowedFunds $-98.89M USD Annual
Net increase (decrease) in borrowed funds ProceedsFromRepaymentsOfBorrowedFunds $-207.35M USD Annual
Repayments of acquired subordinated debentures RepaymentsOfSubordinatedDebt - USD Annual
Repayments of acquired subordinated debentures RepaymentsOfSubordinatedDebt - USD Annual
Repayments of acquired subordinated debentures RepaymentsOfSubordinatedDebt $36.28M USD Annual
Contingent consideration paid PaymentForContingentConsiderationLiabilityFinancingActivities $263.00K USD Annual
Contingent consideration paid PaymentForContingentConsiderationLiabilityFinancingActivities $716.00K USD Annual
Contingent consideration paid PaymentForContingentConsiderationLiabilityFinancingActivities $165.00K USD Annual
Proceeds from issuance of common shares ProceedsFromIssuanceOfCommonStock $1.79B USD Annual
Proceeds from issuance of common shares ProceedsFromIssuanceOfCommonStock - USD Annual
Proceeds from issuance of common shares ProceedsFromIssuanceOfCommonStock - USD Annual
Purchase of shares by the ESOP PaymentsForRepurchaseOfEmployeeStockOwnershipPlan - USD Annual
Purchase of shares by the ESOP PaymentsForRepurchaseOfEmployeeStockOwnershipPlan $149.41M USD Annual
Purchase of shares by the ESOP PaymentsForRepurchaseOfEmployeeStockOwnershipPlan - USD Annual
Payment of deferred offering costs PaymentsOfStockIssuanceCosts - USD Annual
Payment of deferred offering costs PaymentsOfStockIssuanceCosts $346.00K USD Annual
Payment of deferred offering costs PaymentsOfStockIssuanceCosts $28.55M USD Annual
Payments for repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD Annual
Payments for repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD Annual
Payments for repurchases of common stock PaymentsForRepurchaseOfCommonStock $23.22M USD Annual
Dividends declared and paid to common shareholders PaymentsOfDividends - USD Annual
Dividends declared and paid to common shareholders PaymentsOfDividends $51.56M USD Annual
Dividends declared and paid to common shareholders PaymentsOfDividends - USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $51.95M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $4.01B USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $988.98M USD Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.69B USD Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $102.89M USD Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-822.28M USD Annual
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $362.60M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.23B USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $259.71M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.05B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $362.60M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.23B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $259.71M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.05B USD Point-in-time
Interest paid InterestPaidNet $13.68M USD Annual
Interest paid InterestPaidNet $5.35M USD Annual
Interest paid InterestPaidNet $34.22M USD Annual
Income taxes IncomeTaxesPaid $31.31M USD Annual
Income taxes IncomeTaxesPaid $35.13M USD Annual
Income taxes IncomeTaxesPaid $43.30M USD Annual
Net increase in capital commitments relating to low income housing tax credit projects NetIncreaseInCapitalCommitmentsRelatingToLowIncomeHousingTaxCreditProjects $10.00M USD Annual
Net increase in capital commitments relating to low income housing tax credit projects NetIncreaseInCapitalCommitmentsRelatingToLowIncomeHousingTaxCreditProjects $28.29M USD Annual
Net increase in capital commitments relating to low income housing tax credit projects NetIncreaseInCapitalCommitmentsRelatingToLowIncomeHousingTaxCreditProjects $25.82M USD Annual
Maturity of acquired securities sold under agreements to repurchase MaturityOfAcquiredSecuritiesSoldUnderAgreementsToRepurchaseNoncash - USD Annual
Maturity of acquired securities sold under agreements to repurchase MaturityOfAcquiredSecuritiesSoldUnderAgreementsToRepurchaseNoncash - USD Annual
Maturity of acquired securities sold under agreements to repurchase MaturityOfAcquiredSecuritiesSoldUnderAgreementsToRepurchaseNoncash $274.98M USD Annual
Initial recognition of operating lease right-of-use assets upon adoption of ASU 2016-02 InitialRecognitionOfOperatingLeaseRightofuseAssetsUponAdoptionOfAccountingStandardsUpdate $92.95M USD Annual
Initial recognition of operating lease right-of-use assets upon adoption of ASU 2016-02 InitialRecognitionOfOperatingLeaseRightofuseAssetsUponAdoptionOfAccountingStandardsUpdate - USD Annual
Initial recognition of operating lease right-of-use assets upon adoption of ASU 2016-02 InitialRecognitionOfOperatingLeaseRightofuseAssetsUponAdoptionOfAccountingStandardsUpdate - USD Annual
Initial recognition of operating lease liabilities upon adoption of ASU 2016-02 InitialRecognitionOfOperatingLeaseLiabilitiesUponAdoptionOfAccountingStandardsUpdate - USD Annual
Initial recognition of operating lease liabilities upon adoption of ASU 2016-02 InitialRecognitionOfOperatingLeaseLiabilitiesUponAdoptionOfAccountingStandardsUpdate - USD Annual
Initial recognition of operating lease liabilities upon adoption of ASU 2016-02 InitialRecognitionOfOperatingLeaseLiabilitiesUponAdoptionOfAccountingStandardsUpdate $96.43M USD Annual
Stockholders Equity 36 line items
Line Item Tag Value Unit Period
Issuance costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $28.90M USD Annual
Purchase of common shares by the ESOP (in shares) StockPurchasedDuringPeriodSharesEmployeeStockOwnershipPlanESOP 14.94M shares Annual
Shareholders equity StockholdersEquity $1.43B USD Point-in-time
Shareholders equity StockholdersEquity $1.60B USD Point-in-time
Shareholders equity StockholdersEquity $3.41B USD Point-in-time
Shareholders equity StockholdersEquity $3.43B USD Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 186.76M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 186.31M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 186.76M shares Point-in-time
Beginning balance StockholdersEquity $1.43B USD Point-in-time
Beginning balance StockholdersEquity $1.60B USD Point-in-time
Beginning balance StockholdersEquity $3.41B USD Point-in-time
Beginning balance StockholdersEquity $3.43B USD Point-in-time
Dividends to common shareholders DividendsCommonStockCash $51.62M USD Annual
Repurchased common stock StockRepurchasedDuringPeriodValue $23.22M USD Annual
Issuance of restricted stock awards StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD Annual
Net income NetIncomeLoss $135.10M USD Annual
Net income NetIncomeLoss $22.74M USD Annual
Net income NetIncomeLoss $154.66M USD Annual
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $31.91M USD Annual
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-110.93M USD Annual
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $98.08M USD Annual
Proceeds of stock offering and issuance of common shares (net of costs of $28.9 million) StockIssuedDuringPeriodValueNewIssues $1.76B USD Annual
Issuance of common shares to the Eastern Bank Foundation (in shares) StockIssuedDuringPeriodSharesCharitableDonations 7.47M shares Annual
Issuance of common shares donated to the Eastern Bank Foundation StockIssuedDuringPeriodValueCharitableDonations $91.29M USD Annual
Purchase of common shares by the ESOP (in shares) StockPurchasedDuringPeriodSharesEmployeeStockOwnershipPlanESOP 14.94M shares Annual
Purchase of common shares by the ESOP StockPurchasedDuringPeriodValueEmployeeStockOwnershipPlanESOP $149.41M USD Annual
ESOP shares committed to be released EmployeeStockOwnershipPlanESOPValueCommittedToBeReleasedShares $2.35M USD Annual
ESOP shares committed to be released EmployeeStockOwnershipPlanESOPValueCommittedToBeReleasedShares $9.41M USD Annual
Ending balance (in shares) CommonStockSharesOutstanding 186.76M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 186.31M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 186.76M shares Point-in-time
Ending balance StockholdersEquity $1.43B USD Point-in-time
Ending balance StockholdersEquity $1.60B USD Point-in-time
Ending balance StockholdersEquity $3.41B USD Point-in-time
Ending balance StockholdersEquity $3.43B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $135.10M USD Annual
Net income NetIncomeLoss $22.74M USD Annual
Net income NetIncomeLoss $154.66M USD Annual
Net change in fair value of securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $23.87M USD Annual
Net change in fair value of securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $41.16M USD Annual
Net change in fair value of securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-104.26M USD Annual
Net change in fair value of cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $12.64M USD Annual
Net change in fair value of cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $14.19M USD Annual
Net change in fair value of cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $-22.45M USD Annual
Net change in other comprehensive income for defined benefit postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $21.88M USD Annual
Net change in other comprehensive income for defined benefit postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-60.02M USD Annual
Net change in other comprehensive income for defined benefit postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-15.78M USD Annual
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $31.91M USD Annual
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-110.93M USD Annual
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $98.08M USD Annual
Total comprehensive income ComprehensiveIncomeNetOfTax $167.01M USD Annual
Total comprehensive income ComprehensiveIncomeNetOfTax $43.73M USD Annual
Total comprehensive income ComprehensiveIncomeNetOfTax $120.82M USD Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...