Eastern Bankshares Q4 net income $42.3M ($0.26 diluted EPS); annual record $199.8M (29% YoY increase)

Eastern Bankshares, Inc.

2022-FY EPS reported $1.21 revenue$176,583,000

Net income $42.3M ($0.26 diluted) vs $54.8M ($0.33) prior quarter; operating net income $49.9M ($0.31).
Full-year 2022 net income record $199.8M, up 29% from 2021.
Declares quarterly dividend $0.10/share, payable March 15, 2023 to holders of record March 3.
Repurchased 1.55M shares at $19.91 avg for $30.8M; $161.8M remaining under $200M authorization.
Noninterest expense includes $12.0M pension settlement charge; net interest margin 2.81% down 6 bps.

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 0.9

Eastern Bankshares, Inc. reported the quarter ended December 31, 2022 results: net income $42.3 million, EPS $0.26 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $42.3 million
EPS: $0.26 per diluted share
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2022 was $42.3 million, or $0.26 per diluted share, compared to net income of $54.8 million, or $0.33 per diluted share, reported for the third quarter of 2022.

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Eastern Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-001607

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