Eastern Bank Revenue, Growth & Competitor Profile

DBA CENTRIX BANK & TRUST DBA EASTERN BANK
DBA Eastern Bankshares, Inc.

Company Profile & Annual Report for Eastern Bank

Access the complete profile.

Eastern Bank Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	52211 Commercial Banking
Additional NAICS Codes	52212 Savings Institutions 551111 Offices of Bank Holding Companies
Address	195 Market St Lynn, MA 01901

Note: Revenues for privately held companies are statistical evaluations.


Eastern Bank's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Eastern Bank's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Eastern Bank is classified as operating in the Commercial Banking industry, NAICS Code 52211.

Eastern Bank Annual Revenue and Growth Rate

Eastern Bank	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Over $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Eastern Bank's revenues are gauged from an analysis of company filings.

Eastern Bank's Income Statement (based on Industry Averages)

Eastern Bank P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Eastern Bank is developing and marketing. Eastern Bank doesn't have any recent trademark applications, indicating Eastern Bank is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
EASTERN INSURANCE Insurance brokerage; insurance services, namely, underwriting, issuance and administration of personal insurance in the nature of auto, home, life and umbrella insurance; insurance services, namely, underwriting commercial insurance; processing, administering and managing employee benefit plans concerning insurance and finance; employee benefit consulting services concerning insurance; insurance consultation services, namely, analysis of competitiveness of benefits packages in the nature of providing insurance benefit plan information	11/04/2020
EASTERN BANKSHARES, INC. Banking services	10/20/2020
ÚNETE PARA BIEN Banking; Insurance agency and brokerage; Mortgage lending; Online banking	06/19/2018

See all trademarks and details in the Full Report.

Market Share of Eastern Bank's Largest Competitors

A competitive analysis shows these companies are in the same general field as Eastern Bank, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
JPMORGAN CHASE BANK NATIONAL ASSOCIATION	Jersey City, NJ	100
SOUTH DAKOTA BANKERS ASSOCIATION	Pierre, SD	72
PNC FINANCIAL SERVICES GROUP	Pittsburgh, PA	20
U.S. BANCORP	Minneapolis, MN	17
TRUIST FINANCIAL	Charlotte, NC	13
MUFG BANK	New York, NY	10
TD BANK	Falmouth, ME	9
FIRST-CITIZENS BANK & TRUST	Raleigh, NC	7
FEDERAL HOME LOAN BANK OF DES MOINES	Des Moines, IA	6

Nearby Competitors

These companies are similar in business line and location to Eastern Bank. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
EASTERN BANK	Lynn, MA	100
SALEM FIVE CENTS SAVINGS BANK	Salem, MA	44
EAST BOSTON SAVINGS BANK	Peabody, MA	20
BANKPROV	Amesbury, MA	16
NORTH SHORE BANK A CO-OPERATIVE BANK	Peabody, MA	14
INSTITUTION FOR SAVINGS	Newburyport, MA	14

Future Competition: Eastern Bank's Fastest Growing Competitors

These companies are in the same general field as Eastern Bank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)