---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-031446"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T09:02:25.415543+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Eastern Bankshares estimates $11.6M non-cash pension settlement charge for Q4

## Summary
- Preliminary non-cash settlement charge of $11.6M related to defined benefit plan lump sums exceeding threshold.
- Charge to be recognized in earnings for quarter ending Dec 31, 2022; final amount determined after year-end remeasurement.
- Previous estimate on Nov 4, 2022 was a loss range of $10M-$15M; preliminary estimate narrowed to $11.6M.
- Charge arises from accounting requirement under ASC Subtopic 715-20 for probable threshold breach.

## SEC filing metadata
- accession: 0001628280-22-031446
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000162828022031446/0001628280-22-031446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000162828022031446/ebc-20221206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-031446
- JSON: https://secwatch.observer/filing/0001628280-22-031446.json
- Plain text: https://secwatch.observer/filing/0001628280-22-031446.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.