secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001628280-22-027221
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 Q3 net income $54.8M ($0.33 EPS); loan growth 16% annualized
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828022027221/0001628280-22-027221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828022027221/ebc-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027221

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