secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001628280-23-025946
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 Q2 net income $48.7M, NIM expands 14 bps to 2.80%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828023025946/0001628280-23-025946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828023025946/ebc-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025946

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