Eastern Bankshares (NASDAQ: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.
Earnings
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.
Past Earnings Performance
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.