{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-018187","form_type":"8-K","ticker":"EBC","cik":"0001810546","company_name":"Eastern Bankshares, Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.253124+00:00","generated_at":"2026-06-03T08:11:14.217587+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Eastern Bankshares Q1 net income $38.6M; CFO to retire; Cambridge merger on track","bullets":["Q1 net income $38.6M ($0.24 diluted); operating net income $38.1M ($0.23 diluted).","Net interest margin stable at 2.68%; noninterest expense down $19.8M sequentially.","CFO James Fitzgerald to retire after successor appointed; Korn Ferry retained for search.","All-stock merger with Cambridge Bancorp approved by shareholders Feb 28, expected close early Q3 2024 pending regulatory approvals.","Board declared $0.11/share quarterly dividend payable June 14, record June 3."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-018187","json":"https://secwatch.observer/filing/0001628280-24-018187.json","markdown":"https://secwatch.observer/filing/0001628280-24-018187.md","text":"https://secwatch.observer/filing/0001628280-24-018187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810546/000162828024018187/0001628280-24-018187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810546/000162828024018187/ebc-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:11:14.217587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6c62caede086728886c3f6aeef6521ed4ad01d1a","claim":"Eastern Bankshares, Inc. reported first quarter of 2024 results: net income $38.6 million, EPS $0.24 per diluted share.","evidence_excerpt":"Net income of $38.6 million, or $0.24 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810546/000162828024018187/0001628280-24-018187-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Net income","value":"$38.6 million"},{"label":"EPS","value":"$0.24 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"db538b9767","claim":"James B. Fitzgerald departed as Chief Financial Officer, Chief Administrative Officer, Treasurer at Eastern Bankshares, Inc..","evidence_excerpt":"James B. Fitzgerald, the Company’s principal financial officer, notified the Company’s Chief Executive Officer and the Audit Committee of its Board of Directors on April 24, 2024 that he would be retiring from his roles as Chief Financial Officer, Chief Administrative Officer and Treasurer of the Company and as Chief Financial Officer, Chief Administrative Officer and Vice Chair of Eastern Bank once his successor is identified and appointed Chief Financial Officer and begins employment with Eastern.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810546/000162828024018187/0001628280-24-018187-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Chief Financial Officer, Chief Administrative Officer, Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}