Estados financieros detallados de Eastern Bankshares, Inc. (EBC): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Eastern Bankshares, Inc. registró ingresos de $1.06B en el último ejercicio fiscal, con un CAGR de 5 años del 12.7%. El beneficio neto alcanzó $88.2M, con un CAGR a 5 años del 31.1%.
Márgenes de los últimos 12 meses: margen bruto 72.6%, margen operativo 24.0%, margen neto 26.3%. El flujo de caja libre creció a un CAGR del 44.9% en 5 años.
Al precio actual de $21.59, EBC cotiza a un P/E de 12.56 y un ROE del 9.00%. La capitalización bursátil es de $5.0B.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $591.9M | $622.7M | $582.5M | $523.5M | $681.9M | $558.7M | $1.07B | $1.06B |
| Coste de Ventas | $40.2M | $40.1M | $50.9M | -$4.4M | $55.1M | $266.1M | $406.5M | $361.8M |
| Beneficio Bruto | $551.7M | $582.7M | $531.6M | $527.8M | $626.9M | $292.6M | $664.1M | $695.6M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $254.6M | $263.7M | $274.4M | $240.3M | $248.6M | $282.5M | $324.0M | $360.3M |
| Gastos Operativos | $394.1M | $408.1M | $495.7M | $351.8M | $388.6M | $418.6M | $508.4M | $596.1M |
| Beneficio Operativo | $157.6M | $174.6M | $35.9M | $176.0M | $238.2M | -$126.0M | $155.8M | $99.5M |
| EBITDA | $177.7M | $194.1M | $63.8M | $198.9M | $261.6M | -$102.4M | $194.1M | $163.0M |
| Gastos por Intereses | $25.1M | $33.8M | $12.1M | $5.3M | $37.1M | $246.1M | $339.2M | $335.6M |
| Beneficio Antes de Impuestos | $157.6M | $174.6M | $35.9M | $176.0M | $238.2M | -$126.0M | $155.8M | $99.5M |
| Impuestos | $34.9M | $39.5M | $13.2M | $30.5M | $51.7M | -$63.3M | $36.2M | $11.3M |
| Beneficio Neto | $122.7M | $135.1M | $22.7M | $154.7M | $199.8M | $232.2M | $119.6M | $88.2M |
| BPA | $0.58 | $0.64 | $0.13 | $0.90 | $1.21 | $1.43 | $0.66 | $0.40 |
| BPA Diluido | $0.58 | $0.64 | $0.13 | $0.90 | $1.21 | $1.43 | $0.66 | $0.40 |
| Acciones en Circulación (Diluidas) | $210.1M | $210.1M | $171.8M | $172.3M | $165.6M | $162.4M | $182.2M | $216.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $322.7M | $382.9M | $375.6M | $349.9M |
| Beneficio Bruto | $232.9M | $279.2M | $274.9M | $251.9M |
| Beneficio Operativo | $94.0M | $89.2M | $83.8M | $77.2M |
| EBITDA | $108.0M | $110.8M | $102.8M | $146.4M |
| Beneficio Neto | $106.1M | $99.5M | $65.3M | $105.2M |
| BPA | $0.53 | $0.46 | $0.29 | $0.48 |
| BPA Diluido | $0.53 | $0.46 | $0.29 | $0.48 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $259.7M | $362.6M | $2.05B | $1.23B | $169.5M | $693.1M | $1.01B | $316.9M |
| Inversiones a Corto | $1.46B | $1.51B | $3.18B | $8.51B | $6.69B | $4.41B | $4.02B | $68.4M |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.78B | $1.93B | $5.39B | $9.92B | $7.03B | $5.28B | $5.26B | $645.2M |
| Inmovilizado Material | $66.5M | $56.6M | $48.7M | $65.9M | $62.7M | $60.1M | $64.6M | $118.2M |
| Fondo de Comercio | $369.0M | $369.0M | $369.5M | $631.5M | $557.6M | $557.6M | $915.0M | $1.12B |
| Activos Intangibles | $12.2M | $8.7M | $7.1M | $18.2M | $10.4M | $8.6M | $135.2M | $183.8M |
| Activos Totales | $11.38B | $11.63B | $15.96B | $23.51B | $22.65B | $21.13B | $25.56B | $30.59B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $306.1M | $220.0M | 0 | $17000 | $691.3M | $95000 | $2.5M | $46.5M |
| Pasivos Corrientes | $9.71B | $9.77B | $12.16B | $19.63B | $19.67B | $17.60B | $21.29B | $25.52B |
| Deuda a Largo | $14.9M | $15.3M | $28.0M | $34.3M | $35.1M | $39.6M | $42.8M | $153.1M |
| Pasivos Totales | $9.95B | $10.03B | $12.54B | $20.11B | $20.18B | $18.16B | $21.95B | $26.25B |
| Reservas | $1.51B | $1.64B | $1.67B | $1.77B | $1.88B | $2.05B | $2.08B | $2.07B |
| Patrimonio Neto | $1.43B | $1.60B | $3.43B | $3.41B | $2.47B | $2.97B | $3.61B | $4.34B |
| Deuda Total | $320.9M | $235.4M | $28.0M | $34.3M | $726.4M | $39.7M | $45.3M | $199.6M |
| Deuda Neta | -$1.39B | -$1.64B | -$5.21B | -$9.71B | -$6.13B | -$5.06B | -$4.98B | -$185.6M |
| Capital Circulante | -$7.93B | -$7.84B | -$6.77B | -$9.71B | -$12.64B | -$12.31B | -$16.03B | -$24.87B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $410.4M | $316.9M | $331.6M | $175.5M |
| Activos Totales | $25.46B | $30.59B | $30.63B | $31.14B |
| Pasivos Totales | $21.65B | $26.25B | $26.35B | $26.86B |
| Patrimonio Neto | $3.81B | $4.34B | $4.29B | $4.28B |
| Deuda Total | $25.9M | $199.6M | $689.2M | $398.6M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $122.7M | $135.1M | $22.7M | $145.5M | $186.5M | -$62.7M | $119.6M | $88.2M |
| Amortizaciones | $20.1M | $19.5M | $27.9M | $22.9M | $23.4M | $23.6M | $38.4M | $63.5M |
| Compensación en Acciones | 0 | 0 | $2.4M | $9.4M | $20.4M | $23.2M | $26.6M | $25.3M |
| Cambio en Capital Circulante | $44.8M | $29.6M | -$64.8M | $47.3M | -$46.4M | $32.3M | -$5.8M | $32.6M |
| Flujo de Caja Operativo | $205.0M | $196.2M | $69.9M | $174.5M | $229.9M | $261.7M | $283.8M | $432.4M |
| Inversiones (CapEx) | -$9.0M | -$7.2M | -$5.1M | -$5.7M | -$8.6M | -$8.1M | -$13.5M | -$19.4M |
| Adquisiciones | -$10.9M | 0 | -$1.4M | -$9.1M | 0 | 0 | $24.9M | -$1.4M |
| Recompra de Acciones | 0 | -$346000 | -$28.6M | -$23.2M | -$201.6M | 0 | -$27.7M | -$106.6M |
| Dividendos Pagados | 0 | 0 | 0 | -$51.6M | -$65.9M | -$66.7M | -$82.5M | -$105.7M |
| Flujo de Caja Libre | $196.0M | $189.0M | $64.7M | $168.8M | $221.3M | $253.6M | $270.3M | $413.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $157.1M | $104.1M | -$9.5M | $154.6M |
| Inversiones (CapEx) | -$8.8M | -$4.3M | -$3.1M | $3.1M |
| Flujo de Caja Libre | $148.4M | $99.8M | -$12.5M | $157.7M |
| Dividendos Pagados | -$25.9M | -$29.5M | -$28.8M | -$33.1M |
| Compensación en Acciones | $6.1M | $6.2M | $4.2M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +5.2% | -6.5% | -10.1% | +30.3% | -18.1% | +91.6% | -1.2% |
| Crecimiento Beneficio Neto (anual) | | +10.1% | -83.2% | +580.2% | +29.2% | +16.2% | -48.5% | -26.2% |
| Crecimiento BPA (anual) | | +10.3% | -79.7% | +592.3% | +34.4% | +18.2% | -53.8% | -39.4% |
| Cambio en Acciones (anual) | | +0.0% | -18.2% | +0.3% | -3.8% | -2.0% | +12.2% | +18.8% |
| Crecimiento FCF (anual) | | -3.5% | -65.8% | +160.8% | +31.1% | +14.6% | +6.6% | +52.8% |
| Margen Bruto | 93.2% | 93.6% | 91.3% | 100.8% | 91.9% | 52.4% | 62.0% | 65.8% |
| Margen Operativo | 26.6% | 28.0% | 6.2% | 33.6% | 34.9% | -22.6% | 14.5% | 9.4% |
| Margen EBITDA | 30.0% | 31.2% | 11.0% | 38.0% | 38.4% | -18.3% | 18.1% | 15.4% |
| Margen Neto | 20.7% | 21.7% | 3.9% | 29.5% | 29.3% | 41.6% | 11.2% | 8.3% |
| Margen FCF | 33.1% | 30.4% | 11.1% | 32.2% | 32.5% | 45.4% | 25.2% | 39.1% |
| Tasa Impositiva Efectiva | 22.1% | 22.6% | 36.7% | 17.3% | 21.7% | 50.2% | 23.2% | 11.3% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.93 | $0.90 | $0.38 | $0.98 | $1.34 | $1.56 | $1.48 | $1.91 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.30 | $0.40 | $0.41 | $0.45 | $0.49 |
| Acciones en Circulación (Básicas) | $210.1M | $210.1M | $171.8M | $172.2M | $165.5M | $162.3M | $181.1M | $215.2M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 9.00% |
| Rentabilidad sobre capital invertido | 6.32% |
| Rentabilidad sobre activos | 1.21% |
| Margen bruto | 72.60% |
| Margen operativo | 24.05% |
| Margen neto | 26.28% |
Salud financiera
| Deuda / Patrimonio | 0.09 |
| Ratio corriente | 0.20 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 20.95 | 18.98 | 125.46 | 22.41 | 14.26 | 9.93 | 26.14 | 46.07 |
| P/VC | 1.78 | 1.60 | 0.82 | 1.02 | 1.16 | 0.77 | 0.87 | 0.91 |
| P/V | 4.31 | 4.10 | 4.81 | 6.63 | 4.19 | 4.12 | 2.92 | 3.75 |
| Margen Bruto | 93.2% | 93.6% | 91.3% | 100.8% | 91.9% | 52.4% | 62.0% | 65.8% |
| Margen Operativo | 26.6% | 28.0% | 6.2% | 33.6% | 34.9% | -22.6% | 14.5% | 9.4% |
| Margen Neto | 20.7% | 21.7% | 3.9% | 29.5% | 29.3% | 41.6% | 11.2% | 8.3% |