Eastern Bank
A full-service bank providing commercial, small business, and private banking solutions, including a range of checking, savings, and loan products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Grant | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (3 %) | 8 % | 20 % | (58 %) | 137 % | 38 % | 25 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 4 % | 25 % | 27 % | 75 % | 16 % | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Eastern Bank, founded in 1818, is a prominent banking institution in the Greater Boston area, with an extensive network of 109 branch locations. The bank caters to a diverse clientele, including individuals, small businesses, and commercial enterprises, offering a comprehensive suite of financial products and services.
For its business clients, Eastern Bank provides a range of solutions, such as commercial banking, small business banking, and specialized "Innovation Banking" services. The bank's approach to lending is relationship-based, considering both quantitative and qualitative factors in its credit decisions. In addition to traditional banking services, Eastern Bank offers advanced cash management solutions to help businesses optimize their financial operations. These services are designed to expedite collections, manage disbursements efficiently, and maximize the use of available funds.
Eastern Bank has a strong focus on digital banking, providing its customers with the convenience of managing their finances through online and mobile platforms. The bank offers a suite of digital tools and resources to enhance the online banking experience for its business clients. Furthermore, a dedicated Business Services Team is available to assist with more complex banking needs, providing expert support and guidance.
Keywords: commercial banking, small business banking, innovation banking, cash management, digital banking, financial services, New England, corporate banking, lending, wealth management
Tech stack
Investments by Eastern Bank
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