---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035309"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:45:31.318070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eastern Bankshares Q3 net income $59.1M, EPS $0.36; raises dividend 10% to $0.11

## Summary
- Q3 net income $59.1M ($0.36 diluted) vs $48.7M ($0.30) prior quarter; operating income $52.1M ($0.32).
- Dividend increased 10% to $0.11/share, payable Dec 15 to shareholders of record Dec 1.
- Net interest margin 2.77%; loans $13.9B (-0.3%); deposits $17.4B (-4%); borrowings up $364M.
- Provision for loan losses $7.3M on three office CRE loans; NPLs rose to $47.5M from $30.6M.
- Pending Cambridge merger expected >20% EPS accretion; insurance sale on track for next week.

## SEC filing metadata
- accession: 0001628280-23-035309
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2023-10-26T23:59:59+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/1810546/000162828023035309/0001628280-23-035309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000162828023035309/ebc-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035309
- JSON: https://secwatch.observer/filing/0001628280-23-035309.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035309.txt

## Key facts
- Earnings Releases
  Eastern Bankshares, Inc. reported the quarter ended September 30, 2023 results: net income $59.1 million, EPS $0.36 per diluted share.
  - Period: the quarter ended September 30, 2023
  - Net income: $59.1 million
  - EPS: $0.36 per diluted share
  - Result: reported results
  source text: Net income of $59.1 million, or $0.36 per diluted share, compared to net income of $48.7 million, or $0.30 per diluted share, for the prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000162828023035309/0001628280-23-035309-index.htm

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