What is Eastern Bankshares Efficiency Overhead Ratio %?
Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.
Eastern Bankshares's Efficiency Overhead Ratio % for the quarter that ended in Dec. 2023 was 75.62%
, which is higher than
65.07% for the pervious quarter ended in Sep. 2023.
Eastern Bankshares's Efficiency Overhead Ratio % for the annual that ended in Dec. 2023 was 133.89%
, which is higher than
63.10% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Eastern Bankshares's Efficiency Overhead Ratio % or its related term are showing as below:
EBC's Efficiency Overhead Ratio % is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Efficiency Overhead Ratio % only.
Eastern Bankshares Efficiency Overhead Ratio % Historical Data
The historical data trend for Eastern Bankshares's Efficiency Overhead Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Eastern Bankshares Efficiency Overhead Ratio % Chart
Competitive Comparison of Eastern Bankshares's Efficiency Overhead Ratio %
For the Banks - Regional subindustry, Eastern Bankshares's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eastern Bankshares (NAS:EBC) Efficiency Overhead Ratio % Calculation
Efficiency Overhead Ratio % is calculated as
Efficiency Overhead Ratio %
=
Non-interest Expenses
/
Revenue
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eastern Bankshares (NAS:EBC) Efficiency Overhead Ratio % Explanation
Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.
An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.
Eastern Bankshares Efficiency Overhead Ratio % Related Terms
Thank you for viewing the detailed overview of Eastern Bankshares's Efficiency Overhead Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eastern Bankshares (Eastern Bankshares) Business Description
Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.
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