secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001628280-23-001607
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828023001607/0001628280-23-001607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828023001607/ebc-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001607

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer