Eastern Bankshares Q3 net income $54.8M ($0.33 EPS); loan growth 16% annualized

Eastern Bankshares, Inc.

2022-Q3 EPS reported $0.94 revenue$136,227,000

Net income $54.8M, diluted EPS $0.33; operating net income $55.7M ($0.34) – up 49% YoY.
Net interest margin (FTE) 2.87%, up 24 bps QoQ; net interest income $152.2M (+10% QoQ).
Total loans $12.9B (+$505M QoQ), annualized growth 16%; deposits $18.7B (-$430M).
Quarterly dividend $0.10/share declared, payable Dec 15, 2022 to holders of record Dec 2.
Repurchased 1.48M shares at avg $19.52 for $28.9M in Q3; $192.6M remaining under new $200M program.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Eastern Bankshares, Inc. reported the quarter ended September 30, 2022 results: net income $54.8 million, EPS $0.33 per diluted share.

Period: the quarter ended September 30, 2022
Net income: $54.8 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

Net income for the third quarter of 2022 was $54.8 million, or $0.33 per diluted share, compared to net income of $51.2 million, or $0.31 per diluted share, reported for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001628280-22-027221

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