---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032992"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:21:24.118931+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 $26.3M; completes Cambridge merger; $200M buyback authorized

## Summary
- Completed merger with Cambridge Bancorp on July 12, adding ~$4.8B AUM/A, 11 branches, and 4 wealth offices.
- Net income $26.3M ($0.16 diluted EPS); operating net income $36.5M ($0.22 diluted EPS).
- Board authorized share repurchase of up to 10.8M shares ($200M limit) over 12 months; Fed non-objection received.
- Quarterly cash dividend of $0.11/share declared, payable Sept 16, 2024 to holders of record Sept 3.
- Total loans rose $56.8M; deposits fell $129M due to $100M omnibus deposit early withdrawal with $7.8M termination fee.

## SEC filing metadata
- accession: 0001628280-24-032992
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000162828024032992/0001628280-24-032992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000162828024032992/ebc-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032992
- JSON: https://secwatch.observer/filing/0001628280-24-032992.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032992.txt

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