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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) and HSBC HOLDINGS PLC (HSBC). Click either name above to swap in a different company.
HSBC HOLDINGS PLC is the larger business by last-quarter revenue ($28.6B vs $295.9M, roughly 96.5× Eastern Bankshares, Inc.). HSBC HOLDINGS PLC runs the higher net margin — 25.7% vs 22.1%, a 3.6% gap on every dollar of revenue.
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
EBC vs HSBC — Head-to-Head
Income Statement — Q1 2026 vs Q4 2024
| Metric | | |
|---|---|---|
| Revenue | $295.9M | $28.6B |
| Net Profit | $65.3M | $7.3B |
| Gross Margin | — | — |
| Operating Margin | — | 33.1% |
| Net Margin | 22.1% | 25.7% |
| Revenue YoY | 1.7% | — |
| Net Profit YoY | 289.8% | — |
| EPS (diluted) | $0.29 | $0.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $295.9M | — | ||
| Q4 25 | $37.5M | — | ||
| Q3 25 | $33.0M | — | ||
| Q2 25 | $32.5M | — | ||
| Q1 25 | $31.1M | $28.6B | ||
| Q4 24 | $33.2M | — | ||
| Q3 24 | $30.1M | — | ||
| Q2 24 | $28.9M | — |
| Q1 26 | $65.3M | — | ||
| Q4 25 | $99.5M | — | ||
| Q3 25 | $106.1M | — | ||
| Q2 25 | $100.2M | — | ||
| Q1 25 | $-217.7M | $7.3B | ||
| Q4 24 | $60.8M | — | ||
| Q3 24 | $-6.2M | — | ||
| Q2 24 | $26.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -590.9% | 33.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -11.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 265.6% | — | ||
| Q3 25 | 321.9% | — | ||
| Q2 25 | 308.2% | — | ||
| Q1 25 | -699.2% | 25.7% | ||
| Q4 24 | 183.1% | — | ||
| Q3 24 | -20.5% | — | ||
| Q2 24 | 91.2% | — |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.48 | — | ||
| Q3 25 | $0.53 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $-1.08 | $0.36 | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $551.7M | $434.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $192.3B |
| Total Assets | $30.6B | $3017.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $551.7M | — | ||
| Q4 25 | $507.6M | — | ||
| Q3 25 | $703.4M | — | ||
| Q2 25 | $948.3M | — | ||
| Q1 25 | $609.0M | $434.9B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.6B | $192.3B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | $30.6B | — | ||
| Q4 25 | $30.6B | — | ||
| Q3 25 | $25.5B | — | ||
| Q2 25 | $25.5B | — | ||
| Q1 25 | $25.0B | $3017.0B | ||
| Q4 24 | $25.6B | — | ||
| Q3 24 | $25.5B | — | ||
| Q2 24 | $21.0B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $65.3B |
| Free Cash FlowOCF − Capex | — | $64.0B |
| FCF MarginFCF / Revenue | — | 223.9% |
| Capex IntensityCapex / Revenue | — | 4.7% |
| Cash ConversionOCF / Net Profit | — | 8.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $157.1M | — | ||
| Q2 25 | $123.9M | — | ||
| Q1 25 | $47.3M | $65.3B | ||
| Q4 24 | $88.7M | — | ||
| Q3 24 | $108.3M | — | ||
| Q2 24 | $54.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 223.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | — | 8.90× | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBC
| ALLL / total nonperforming loans ("NPLs") | $238.2M | 80% |
| Other | $51.6M | 17% |
| Return on average shareholders' equity | $6.1M | 2% |
HSBC
Segment breakdown not available.
