---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025946"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:47:33.949369+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eastern Bankshares Q2 net income $48.7M, NIM expands 14 bps to 2.80%

## Summary
- Net income $48.7M ($0.30 diluted EPS) vs prior-quarter net loss of $194.1M ($1.20 loss) from repositioning.
- Total revenue $195.4M; operating revenue $196.3M, up $1.5M from prior quarter.
- Net interest margin (FTE) expanded 14 bps to 2.80%; loans grew $286.6M to $14.0B.
- Declared $0.10 quarterly dividend payable Sept 15, 2023 to holders of record Sept 1, 2023.
- Asset quality strong: NCOs 0.01% annualized; NPLs $30.6M (0.22% of loans).

## SEC filing metadata
- accession: 0001628280-23-025946
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000162828023025946/0001628280-23-025946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000162828023025946/ebc-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025946
- JSON: https://secwatch.observer/filing/0001628280-23-025946.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025946.txt

## Key facts
- Earnings Releases
  Eastern Bankshares, Inc. reported the quarter ended June 30, 2023 results: revenue $195.4 million, net income $48.7 million, EPS $0.30 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $195.4 million
  - Net income: $48.7 million
  - EPS: $0.30 per diluted share
  - Result: reported results
  source text: • Total revenue of $195.4 million. Total operating revenue* of $196.3 million, an increase of $1.5 million from the prior quarter. • Net income of $48.7 million, or $0.30 per diluted share, compared to net loss of $194.1 million, or $1.20 per diluted share, for the prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000162828023025946/0001628280-23-025946-index.htm

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