---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002241"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:26:13.227737+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eastern Bankshares Q4 net income $318.5M from $515M insurance sale; operating EPS $0.10

## Summary
- Net income $318.5M ($1.95 diluted) includes $294.5M after-tax gain from sale of Eastern Insurance for $515M.
- Operating net income $16.9M ($0.10) includes $10.8M FDIC special assessment; NIM 2.69% down 8bps.
- Core deposits up $516.2M (3.0%) to $17.6B; borrowings & brokered deposits reduced to <1% of assets.
- Declares $0.11 quarterly dividend payable March 15, 2024; no share repurchases in Q4.
- Pending merger with Cambridge Bancorp expected early Q2 2024; annualized NCOs 0.32% on office CRE.

## SEC filing metadata
- accession: 0001628280-24-002241
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000162828024002241/0001628280-24-002241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000162828024002241/ebc-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002241
- JSON: https://secwatch.observer/filing/0001628280-24-002241.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002241.txt

## Key facts
- Earnings Releases
  Eastern Bankshares, Inc. reported Q4 2023 results: net income $318.5 million, or $1.95 per diluted share, EPS $1.95 per diluted share.
  - Period: Q4 2023
  - Net income: $318.5 million, or $1.95 per diluted share
  - EPS: $1.95 per diluted share
  - Result: reported results
  source text: Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000162828024002241/0001628280-24-002241-index.htm

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