secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001628280-22-019710
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Bankshares Q2 net income $51.2M ($0.31 EPS); NIM expands 21 bp
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- Operating net income $52.5M ($0.32 diluted EPS), up 42% YoY.
- Net interest income $137.8M (+8% QoQ, +32% YoY); NIM (FTE) 2.63%.
- Loan growth ex-PPP annualized 10.5%; commercial, residential, consumer all double-digit.
- Quarterly dividend $0.10/share payable Sept 15; $81.1M in share repurchases during Q2.
- NPLs rose to $59.9M from $33.8M, driven by one syndicated credit; provision $1.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828022019710/0001628280-22-019710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828022019710/ebc-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-019710

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